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Why Publishing A Book Helps Build Your Credibility

Why Publishing A Book Helps Build Your Credibility written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Michael DeLon

In this episode of the Duct Tape Marketing Podcast, I interview Michael DeLon. Michael is a Credibility Marketing Expert who helps business owners publish a book that positions them as an expert in their field. He’s also the author of On Marketing: The Definitive Guide for Small Business Owners.

Key Takeaway:

Building credibility as an expert in your field is an essential component to reaching new audiences and attracting new customers and clients. If you want to build your credibility, publishing a book is a way to do just that. In this episode, I talk with Michael DeLon about how publishing your own book helps you not only demonstrate your expertise but also differentiate yourself from your competition.

Questions I ask Michael DeLon:

  • [1:16] What has your journey to becoming a credibility marketing expert looked like?
  • [4:04] What is credibility marketing?
  • [5:35] A lot of people are self-proclaimed experts, self-proclaimed thought leaders – so who gets to decide if you’re credible or an expert?
  • [8:05] Is there something unique about the market or the way people buy today that makes credibility even more important?
  • [12:34] What makes a book a significant tool or significant channel over and above something like just doing video on LinkedIn?
  • [13:48] If you’ve got a decent idea, is there a formula to help people turn that into a book?
  • [15:01] Are you starting to see that this is a tactic that can actually work for people that might have the mindset that no one would want to read a book by them?
  • [16:03] Most authors and speakers have a book nowadays – but what are your thoughts on someone like a remodeling contractor that could write a book on ways to make your home suitable for your family? Wouldn’t that be a big differentiator?
  •  [19:00] What’s your favorite book project that you’ve done, and what impact did it have on that person or business?
  • [21:56] Where can people find out more about your programs and your latest coaching program?

More About Michael DeLon:

More About The Duct Tape Marketing Consultant Network:

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John Jantsch (00:00): This episode of the duct tape marketing podcast is brought to you by the Salesman Podcast, hosted by Will Barron brought to you by the HubSpot podcast network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host Will Barron helps sales professionals learn how to find buyers and in big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn’t want to do that? Listen to the Salesman Podcast, wherever you get your podcast.

John Jantsch (00:46): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch. My guest today is Michael Delon. He’s a credibility marketing expert who helps business owners publish a book that positions them as the expert in their field. He’s also the author of a book on marketing. So, Michael, thanks for joining me.

Michael DeLon (01:06): Hey, you’re welcome, John. I appreciate, uh, the opportunity to be here. It’s gonna be a fun conversation.

John Jantsch (01:10): So before we get into exactly what a credibility marketing expert does, what, uh, gimme a little bit of history on your kind of your journey.

Michael DeLon (01:20): Sure. Yeah. I’ll, I’ll try to make it quick. Wow. Back in the nineties, back in 1990, my wife and I got married, I was in Christian radio selling Christian radio, right. Realized my business, my, my clients didn’t wanna buy radio. They wanted to grow their business. So I decided instead of being really good at selling, I would learn about marketing. So I started buying books and going to the seminars. Then we left that after about nine years of doing that, went to a family ministry for about 10 years to help build marriages and families thought that was gonna be the last thing I ever did until they went through corporate reorganizations. And I found myself in prison as I call it a job that I hated did that for two years finally got fed up, talked to my wife, prayed. I said, I gotta get out of here, stepped out of, of ministry.

Michael DeLon (02:03): This was January of 2013. Stepped out of ministry, hit easy street, John. I started my own company and I I’d come out to you. I say, John, I think I can help you with your business. Cause I understand small business in marketing. You’d meet with me. We’d have a great conversation. You’d say, Michael, what have you done for the last few years? I said, I’ve build marriages and families and family life. And you would say that that’s awesome. Michael, look at the time I gotta go and you wouldn’t hire me. And I wasn’t getting any clients. And I said, I gotta fix this. So I was at my church one day, pacing, the hallways, just praying, going God, how can I help somebody? And he gave me the idea to take all of my marketing ideas and put them in a book. So I did.

Michael DeLon (02:41): I wrote a book. I, I knew nothing. I mean, you’ve published four, five I or six books. I, I knew nothing about publishing. So I wrote my first book on marketing. Then I would call you and I’d say, John, I think I can help you with your, your marketing. I’d mail a copy of my book to you. I’d walk into your office a week later. And there it was, my book was on your desk dog. You’d highlighted that. And you’d read my book in that meeting, John, you’d say now, Michael, in your book, you said, yeah, how do you help me do that? And you’d hire me. So what changed in those two meetings? Did my understanding of marketing change? Nope. Right. Did my background in ministry change? Nope. What John was how you thought of me when you got in my book, you immediately saw me as a marketing expert, right? You had pen in hand, ready to take down the solutions I had for you. That changed my, my life. I started gaining clients and I said, why don’t more business owners do this? Well, as you know, cause you’ve published so many books, a little challenging and publish it in new books. So our, our contention is that business owners are experts at what they do. Everybody wants to be an author. Nobody wants to write a book. We figured out how to make that happen. So that’s the short version, John of my story.

John Jantsch (03:52): Well, it’s interesting. I’ve worked with, uh, small business owners. Many of them are family businesses for many years. And I think a little bit of marriage and counseling will probably go a long way in working with that demographic.

Michael DeLon (04:03): Absolutely.

John Jantsch (04:04): So let’s define the term. I mean, I think you started to unpack a little bit, but let’s just define, you know, the Webster’s dictionary term of, you know, what is credibility marketing?

Michael DeLon (04:15): Yeah. Credibility marketing is being seen by your odd audience as trustworthy. Right. And believable. Right. Okay. We’ve all heard for years. They gotta know like, and trust you. Right. I, I love, and I hate that definition. It’s just beat to death, right? Yeah. Credibility goes to the next level because it deals with really how the perception your audience has of you. The and, and do they feel that connection that yes, you’re a person of integrity. You have a consistent message and I believe that you are who you say you are and can do what you say can do. Now I wanna have a conversation to see for a good fit. Right. Really is the big difference.

John Jantsch (04:58): Yeah. And I think as you, uh, describe that too, I think gets a huge differentiator as well. Right? I mean, because part of the challenge with people who sell marketing services, for example, marketing consulting is 200 other people in my town that do it too. So how do I kind of stand out and have somebody say, well, you know what, I’m gonna talk to you instead of them

Michael DeLon (05:16): AB absolutely. And there is no better differentiator on earth, in my opinion than handing somebody a copy of the book you wrote. Right. And said, I’m the author of yeah. Right. It stops them in their tracks.

John Jantsch (05:29): So one of the, one of the challenges, I think nobody disagrees with that point of view. Right. But, but you see a lot of people sort of self proclaimed experts, self proclaimed thought leaders, you know, I mean, who gets to decide if, if you’re credible or an expert.

Michael DeLon (05:44): Yeah. Great question. At the end of the day, it is your audience. Right. Right. People determine credibility through a, a variety of, of, of ways. Right. Do you have media credentials, have you been featured? Do you have experts? All of that, but the real aspect, John is we’re, we’re looking for an opportunity to connect with a prospect and have a conversation. What better way to do that than to hand them a copy of your book and let them read and spend one on one time with you through the pages of the book so that they will bond with you understand your message when you do that, you gain credibility. Yeah. Because what they’ve seen on your website or on your Facebook ads or whatever, it’s consistent, that’s the real essence of the credibility.

John Jantsch (06:33): Yeah. And I think there’s a lot of people that attach credibility to a book, you know, it’s easier than ever to write a book now. Of course. And uh, so, so maybe some of that’s left over from a day when it was a very exclusive club right. Of people writing books. But in truth, what we’re talking about is content in general. I mean yeah. Audio content, your content on your website, content of your emails and then certainly a giant mega content piece of content Absolut a book. Right?

Michael DeLon (07:01): Absolutely. Yeah. Cuz I mean, we’ve got a whole coaching program for people who don’t even have books. Yeah. Because credibility doesn’t necessitate a book, right? Yeah. Yeah. But it is the, it’s the content and, and John, what I found many times, it’s your story. You asked me my story at the beginning, that’s unique to me and my competitors cannot compete with that story. Right? Yeah. Every business owner has a story, but what I find is they don’t tell it and they don’t. And so that’s one thing we help them do at the very beginning is help us understand your story because that plays into what we would call brand G that set you apart. So that you’re not just another financial advisor or CPA or attorney. You’re a guy who has a unique story. And now you can tell me about that story and how that plays into my life because of, of how it connects with all the dots. So that’s one of the biggest things I, I see business owners just really miss in the boat on.

John Jantsch (08:00): So having credibility of course has always been important. I mean, that’s never gonna hurt you. Right. But, but is there something unique about the market or the way people buy, uh, today that makes it even more important? There seems to be a lot more emphasis on this idea.

Michael DeLon (08:15): Oh yeah. Well, without question, I, I think because the, the market has been flooded, not only right advertising, but with practitioners. Right. And I don’t care where you go, whether you’re an attorney, a CPA, a financial advisor, a dog trainer, I can go to Google and find 22 of them. Yeah. How am I gonna know who who’s a good fit for me? And that’s why a, I, I want simple websites with compelling copy. Yeah. I want videos. I want podcasts. I want books to read. I wanna know who you are and is your message consistent? And are you the type of person I even like. Yeah. Right. That’s that all of that builds credibility nugget by nugget layer upon layer. I, I had a client yesterday. We were doing his podcast and he, he written a book with me and he said, I just got a client. She’s 30. This is a retirement financial advisor. Right. Got a client. She’s 30. She said, I got a copy of your book. I’ve listened to numerous podcasts. And I’ve read a couple of your articles. Now I’m ready to have a conversation with you. Yeah. He built credibility through a variety of media of content and she felt good to, to, we forget that marketing’s about winning people’s hearts and getting them to believe we’re the right person and waiting for them to be ready. It’s not a, it’s not a light switch. Yeah. It’s a relationship.

John Jantsch (09:38): Well, I tell people all the time, I think the things that changed the most that we underestimate, a lot of times the thing that’s changed the most about marketing is how people are able to and choose to buy today. And just what you described. I mean, it used, there was a day when somebody had to wait for me to send an ad or put an ad out there or, you know, do a sales call and convince them that I was the right choice. But in many cases today, I think people just doing what you said, listen to a podcast, listen to this. I mean, they’ve already made their mind up that you’re the right choice. And I think that’s why I think the emphasis on the need for this is so great. Isn’t it?

Michael DeLon (10:11): Well, it, it is. And when, whether you have a podcast or a book or something, right. It’s I call it precon, auditioning people to hire you before you ever meet with them. People are researching. Yeah. They’re all over the internet. What’s on your website. Are, are you educational? Are you entertainment? Are you what I call infotainment? Right. Yeah. Yeah. How are you engaging with people in, in keeping it and forth? Yep. Talking about their needs and how you serve people, giving examples and giving them an opportunity to walk through, um, that process to say, yeah, I’m ready to have a conversation with you. And I don’t feel like you’re a used car salesman, right. That,

John Jantsch (10:51): That, well, and I think the other thing that probably raises the bar quite significantly too, is that now, you know, when I, I started my consulting practice, you know, in Kansas city, Missouri, you know, that’s who I could effectively go after were people there? Well, I can, I sell to people now in 12 or 13 countries. And so now all of a sudden, you know, every marketing consultant is competing maybe with every Mar marketing consultant around the world. And so, so the need to stay it out. I think it’s just the bar’s gone up significantly. Well,

Michael DeLon (11:22): It, it really has. And, and really at, at your level, but at a business owner’s level, your ideal client is going to buy you right. More than what you do. Sure. Right. And that’s where that credibility really comes out. And the consistency of message. And are, are you a good fit? And, and your whole funnel, your process should be all about giving information, directing them down a path and saying, this is who I am. This is how we operate. We would love to serve you, take the next step when you’re ready.

John Jantsch (11:53): And now we’re from a sponsor. You know, small business owners have a lot on their plate, but luckily you don’t have to be a graphic designer, extraordinaire, superstar, creative strategist, or marketing Maven to make your work, come to life on social with Vista Create, you can create beautiful assets without design experience or needing to it to a third party, making it the ultimate hack for creating slick visuals that boost engagement. You can have designs that look like they took hours made in minutes, and you can try it out for free @ create.vista.com.

John Jantsch (12:29): So let’s go, uh, back to books. Um, what makes a book sort of a significant tool or significant channel maybe over and above? Just, you know, doing video on LinkedIn.

Michael DeLon (12:42): Yeah. Great question. Still in the mind of consumers, Pete experts have books. Yeah. Period. That’s why you’ve written five of them. It’s why Tony Robbins is who he is. Cuz he is got books, right? Yeah. And he book. So that’s number one is how the mind thinks about authors. Number one, number two, it gives you real estate. It gives you time. When we read books, we read them one, one on one, right? Yeah. I don’t gather my family to read a book. I read it. So I’m bonding with you through the pages of your book, sharing your story as I’m reading your book, I’m nodding on. Oh yeah. Or new I’m underlining. You’re connecting with me. And then hopefully your book has mechanisms to go back to your website, listen to a podcast. It’s the content delivery of, are you meeting me where I am and are you sharing stories that help me understand that you have helped other people go to where I, I need to go. Yeah.

John Jantsch (13:35): So you, we already talked about the hard part. I think a lot of people probably believe that it’s, you know, it’s very hard or don’t believe they can write 56,473 words, you know, in one, on one topic, what have you been able to do? Or is there sort of a formula for saying, look, if you’ve got a halfway decent idea, we can get it into a book. I mean, is there something you’ve done to, to, to kind of make that process less arduous?

Michael DeLon (13:59): Yeah, absolutely. We created, uh, years ago, what we call our speak to write process. Okay. You can talk about your business all day long so it can every business on it. Right? Right. What we do is we have a team of expert writers who jump on a phone call or a zoom call. We ask questions to build the outline for the book because you’re an for, you can, again, you can talk about this. We help you structure what’s in your head and in your heart to an outline. And then from that outline our writers, get you to speak and, and record all of your content. And then our writers craft that and massage your words, your content, your voice into the book, you’re obviously in total control of it, but it saves so much time in, in less than we’ve clocked it. If you stay on our process less than 24 o’clock hours of your time to create a book over about five or six months of our time. Right? Yeah,

John Jantsch (14:47): Yeah, yeah. Yeah. So I, I, you know, I think you could make a case globally for saying, well, every business can use a book or every business owner. I, I mean, there’s no question a consultant, you know, a professional service provider. I mean, that’s a no brainer, but are you starting to see that, that this is a tactic that can actually work for, you know, people that would traditionally think, why does anybody wanna read a book from me?

Michael DeLon (15:13): Yeah, absolutely. You know, I, I walked into a grocery store a few years ago. It was, um, national chain and the owner of that national train was a regional chain. The owner of that regional chain had written a book telling his story. I’m like a grocery store. Uh, we done it for dog trainers, a guy who trains canine dogs for police forces. Right. Go figure. But what happens is people read the book and because you’re just sharing your knowledge in a specific way, you’re automatically elevated in that person’s mind as the expert. Well guess what, they’re gonna find you on LinkedIn or Facebook or a blog. And they’re gonna tell other people around you cuz your market’s not just your audience, it’s their sphere of I yeah. And, and we haven’t even talked about referrals with the book and how powerful that is. Cuz everybody says, well, I love referrals. Do you have a system in place to give, get re so I dunno if that helped or not.

John Jantsch (16:03): Yeah. Yeah, absolutely. Well, and, and the, the thing that I think is interesting about is because every author, speaker consultant has a book, you know, I mean, because that’s, it’s just like you have to, but how about that remodeling contractor, you know, that could write a book about, you know, how to make your home suitable for, you know, your family or whatever, you know? I mean that, that kind of thing would be such a differentiator, wouldn’t it?

Michael DeLon (16:27): Oh, absolutely. We I’ve got a, I’ve got a book on shelf, uh, home inspector. Okay. It doesn’t get more generic than home inspection dude. Yeah. Yeah. And as he came to us, we got his story, which is where we always start. He’s a football referee on weekends and that’s what he loves to do. And he said, there’s a lot of con consistency between referee and football and home inspection there’s rules, there’s foul. And, and we rebranded him as America’s home inspection referee. So when he comes out to, um, do your home inspection, guess what? He’s wearing a referees outfit. Yeah. When he sees something wrong with your house, guess what he puts on it, a yellow.

John Jantsch (17:00): Oh, I, I thought he just yeah. Threw a

Michael DeLon (17:02): Well, oh, there it is. Now tell me, does he now have price elasticity because he’s got a great compelling message. Right? Anybody can do that. It’s a matter of discovering your story and connecting the dots. It’s it’s not rocket science.

John Jantsch (17:16): Well, and you make a really good point too. Um, that I think often is underestimated. You know, all of these things go together, right? I mean, not the book was just a piece of telling the story, but there was a story and a brand promise and a differentiation that became part of the over overall arching strategy. Isn’t it?

Michael DeLon (17:32): Oh, absolutely. Yeah. And I mean, the book’s great. It, because you know, with our book program, we create a podcast for our clients and we interview them on every chapter. So now they have content going out in audio form. We do it on zoom so that now they have videos to go out. And now you’re populating YouTube and LinkedIn and Facebook with videos of you being the expert. Again, it’s taking a piece of content saying how many different ways can I use that one piece of content? Yeah. I’ve got a book, I’ve got a blog, I’ve got a Facebook post. I’ve got a video. I’ve got a podcast. You pretty soon. You’re the only, and trust me, John you’re competitors are not marketing this way.

John Jantsch (18:06): Right? Yeah. Yeah. It’s such, you know, in some ways going into these non-traditional fields and doing this, it’s such a differentiator because nobody else is doing it. Yeah.

Michael DeLon (18:17): Well, no. Okay. Let’s alright. Roofers flooring, contractors, plumbers, electricians. They all have a bad reputation. Right. They don’t show up. They don’t. I, we had, we did a, a, a book for a roofer here in town. And he specifically niche in being your roof leak detective. Yeah. That’s his whole thing. Right. And it was just beautiful to position him that way and say, you’ve got roofers, but I, I can find the leak and then he uses it for commercial, but he wrote the book on it. Yeah. Do you think that makes an impact when you’re looking at four different roofing companies, the guy can hand you his book game over. Yeah.

John Jantsch (18:51): Yeah. So I think you’ve kind, I was gonna ask you about some success stories, but I think you’ve shared some, maybe just pick up your, pick out your favorite, um, kind of book project that you’ve done and, and maybe talk a little bit about what the impact for that person or business was.

Michael DeLon (19:09): Yeah.

John Jantsch (19:10): They always hard. Yeah.

Michael DeLon (19:12): It, it is. Cuz we got many, there’s an attorney down in, I think it’s Fort Lauderdale, Florida, personal injury attorney, young guy going against two major dogs. Okay. These, these other guys were spending millions a a month and he doesn’t have that budget. He’s on TV to comes to me. We, we talk about his story. He was a baseball player from the Northeast, went to, to on baseball. Scholarship was a pitcher, threw his arm out second year, ruined his baseball career, went to law school. Now he’s a personal injury attorney. Okay. We got that story. And we realized he went through rehab. He went through all the stuff that he helps his clients go through now. Yeah. And we said time out here it is. So his book is when what to do when life throws you a curve ball ties into his unique story, his competitors can’t compete about it meets his audience right where they are.

Michael DeLon (20:04): Yeah. Now when he’s on television being interviewed, which was what he was doing saying, I’m a personal injury attorney. I can get you millions of dollars against the big dogs done work. He said, he tells his story. He says, get a free copy of my book. You can read my story and what you can do and what you need to do when life throws you a curve ball. Yeah. It’s a beautiful message on, and what’s happened is when he is on TV. Now he gets a lot more people requesting his book that he mails out to them. And he has a relationship. His business is only consistently because he has a clear message that ties to his story. That’s different than anybody else.

John Jantsch (20:41): Yeah. And that brings up another point too. The people he’s competing against are spending, you know, $30,000 a month on an SEO firm, you know, running probably got billboards, probably running radio. Right. And what he’s doing is costing, you know, a 10th of that or, or you know, a 20th of that. Right. Absolutely. And I think that’s a point that credibility can really bring isn’t it, it

Michael DeLon (21:01): Really is. And right. So think about this, John, and this is the reason I love books. If you, if he had, if he buys a hundred copies of his book and he hands them out to his prospects and clients, he goes out to universities where he used to play baseball. He hands his book all out, he’s all over the place. You don’t need to reach the entire Fort Lauderdale market. Right. He needs a smaller market that he can be consistently relentless in and it will change everything. You don’t need massive budgets. You need smart marketing. Yeah. And that’s the one thing I found even. I mean, there are a lot of guys, a lot of business who’ve written books, John, they don’t know what to do with that book to market their firm. That’s why we started our coaching programs to help them up there because there’s so much you can do. And, and most of it is low cost or no cost strategy, the GS to go, how do I position myself differently and do that flank move around the big dog. Cause we all have them. Right. Yeah.

John Jantsch (21:56): All right. Michael, tell people where they can find out more about, uh, your programs, including your latest coaching program.

Michael DeLon (22:01): Yeah. Yeah. If you go to, uh, just paperback expert.com, that’s our website. Everything you need about us is there and yeah. It’s the easiest way. Paperback expert.com.

John Jantsch (22:12): All right. Well thanks Michael. For some by the duct tape marketing podcast and hopefully we’ll, uh, run into each other one of these days out there on the road.

Michael DeLon (22:18): That sounds great, John. Thanks for having me, buddy. All

John Jantsch (22:20): Righty.

John Jantsch (22:20): Hey, and don’t forget. Vista create is a graphic design platform where anyone can easily craft professional and unique content for social media and digital marketing. It’s a combination of graphic design editor and an ever growing library of customizable templates to suit any industry or occasion. Check it out @ create.vista.com. You can try it for free that’s create.vista.com.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and VistaCreate.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 

 

Small business owners have a lot on their plate, but luckily you don’t have to be a graphic designer, extraordinary superstar, creative strategist, or marketing maven to make your work come to life on social media. With VistaCreate, you can create beautiful assets without design experience or needing to delegate to a third party – making it the ultimate hack for creating slick visuals that boost engagement. You can have designs that look like they took you hours made in minutes. Try it out for free.

Is It Too Late To Start A Podcast?

Is It Too Late To Start A Podcast? written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Dan Franks

In this episode of the Duct Tape Marketing Podcast, I interview Dan Franks. Dan is the Co-founder and president of Podcast Movement, the world’s largest conference and trade show for the podcast industry. He is a CPA and was formerly the Business Manager and Director of Live Events for Midroll Media.

Key Takeaway:

It seems like everyone today has a podcast. You might be wondering if it’s too late to start yours – the short answer? No. It’s not too late. The market may be more crowded than it once was, but people are still listening to podcasts at a growing rate. Podcasts are and will continue to be an amazing marketing tool that gives you a way to build a community and gives you a platform to advertise your products and services. In this episode, Dan Franks shares why podcasting isn’t dead and advice on starting your own.

Questions I ask Dan Franks:

  • [1:11] Can you give me a little bit of the history behind Podcast Movement?
  • [1:55] What does Podcast Movement look like today?
  • [3:26] What’s been your history, and how did you get into podcasting?
  • [5:12] If you were talking to someone who was thinking about starting a podcast, would you tell them now it’s too late?
  • [11:31] What you’ve seen people doing to make podcast guesting just as effective as podcast hosting?
  • [13:03] Have you seen any really out-of-the-box uses for being a guest on a podcast?
  • [14:32] Companies today are coming up with different uses for podcasts – what kind of trends along those lines are you seeing?
  • [15:56] If I’ve got my show going, how do I get more listeners?
  • [18:44] What’s the best starter set up for somebody who wants to get going on a podcast?
  • [20:54] What’s your current podcast setup?
  • [22:52] Where can people find out more about your work?

More About Dan Franks:

More About The Certified Marketing Manager Program Powered By Duct Tape Marketing:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): This episode of the duct tape marketing podcast is brought to you by the Salesman Podcast, hosted by will Barron brought to you by the HubSpot podcast network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host Will Barron helps sales professionals learn how to find buyers and in big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn’t want to do that, listen to the salesman podcast, wherever you get your podcast.

John Jantsch (00:45): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch. My guest today is Dan Franks. He’s a co-founder and president of podcast movement, the world’s largest conference and trade show for the podcast industry. And he’s a CPA was formerly the businessman manager and director of live events for mid role media. So Dan, welcome to the show.

Dan Franks (01:07): Thanks for having me, John I’m super excited.

John Jantsch (01:10): So, so give me a little bit of the history of podcast movement. I guess let’s start there. The trade show that you run and known.

Dan Franks (01:18): Yeah, so there was four of us who were big time podcast fans and podcasters ourselves. And, uh, this would’ve been 20 12, 20 13, somewhere in there and quickly realized that it was a, a somewhat lonely space sitting in closets recording, you know, your own voice and maybe having a guest. And at that time it was trying to figure out how to record people on Skype. And it was really just a very impersonal, medium to be a creator. And so getting together, we thought it would be really neat to create some kind of environment where we could get together with other creators and learn, you know, learn from each other, but meet each other and really just kind of bring some personal connections to this creation side of things. And that’s where we started in 2014.

John Jantsch (01:56): So, so I guess now tell me, what does it look like today?

Dan Franks (01:59): Yeah, so at that time it was, you know, kind of a community gathering. We about five or 600 people at that first year event, which is, was really big way bigger than we thought it would be. We actually launched it on Kickstarter. So really just kind of throwing it against the wall to see if anyone else was out there. That thought it was a good idea. And since then, it’s grown to a twice a year event where each event gets, you know, somewhere between a thousand and over 3000 attendees each year, and then a Facebook community with 70,000 members, that’s super active, the largest Facebook community for podcasters. So really just grown to, you know, a lot of other things too. We’ve got a daily newsletter, that’s got over 25,000 subscribers. That’s all about, you know, podcasting and news and tips and tricks and all that. So really grown from just that, you know, idea of a game gathering to now, this living, breathing kind of media machine, all for people who create podcasts,

John Jantsch (02:50): You know, it’s funny, you mentioned that about it being kind of a lonely space. I actually started mine in, in 2005. So I, I may be one of the, the old school oldest school, particularly of continuously running because you know, a lot of people that started when I did, I think it was hard to do. It was hard to get people to listen because there weren’t, you know, we didn’t have the iPhone, you know, app that, uh, came, you know, delivered with the iPhone. And so I think a lot of people did give up on it because they really weren’t building any audience or didn’t see any point in it, uh, no, necessarily, but then obviously once it became much more mainstream, probably around 2012, 13 is when it really probably took off again. So, so what’s been your history. I mean, you said you were a, a CPA, uh, that’s not necessarily an industry that jumped into podcasting early on. So, so what was kind of were, was that a real differentiator for you as a CPA or was podcasting just a side gig?

Dan Franks (03:41): Yeah, so, I mean, it started as a CPA sitting, you know, working 80 hour weeks behind a computer, just kind of, you know, plugging and chug chugging numbers and trying to figure out what to do to pass the time. And podcasting was from a listening standpoint, something that really filled that gap. And then from there, you know, just kind of thinking, Hey, maybe I should try this. A lot of people do with while listening to a podcast, it’s very common thing. And yeah, ended up connecting with a coworker who had similar thoughts. We were both accountants. We, at that time were specializing in, they call it outsource, uh, CFP. So we were kind of helping small business owners with their financial, not just taxes, but a lot of their financial planning and book keeping and situations like that. And we thought it would be real cool to kind of talk about small business, best practices and interview small business owners and that kind of thing.

Dan Franks (04:28): Yeah. And now that’s like one of the most common niches in podcasting, a small business, but you know, 20 12, 20 13, it was still a little bit more of a, of a open pond, so to speak and yeah, just started that way and really kind of immersed ourselves into that creator community. And like I said, the one thing led to another and we just really enjoyed being creators ourselves and getting no other creators. And that led to us kind of putting together that, you know, curating that community and, and led to a podcast movement as it is today.

John Jantsch (04:56): You know, you mentioned that. I mean, it was such a great differentiator right early on. I mean, it really kind of raised a lot of people to the ranks of authority, but you have a lot of people now that’re saying, you know, the world doesn’t need another podcast. I mean, there’s too many of ’em. I know the answer to this, but I’m gonna ask you if you were talking to somebody thinking about starting a podcast and they had a good idea and a good platform, would you tell ’em now it’s, it’s too late?

Dan Franks (05:19): No, it’s not too late, but it’s definitely crowded and whatever you can think of that you wanna find a podcast about for the most part, there’s a podcast out there. So really the approach, you know, back then, wasn’t, you know, back then we could say, is there a podcast on this topic? There’s a good chance. It isn’t. So you can dive in and be the one and kind of, you know, have that, that early first to market, uh, effect so to speak. Whereas now there’s pretty much ever everything out there. So, you know, what’s the angle is that you’re going to do it at better quality. Are you gonna tell better stories? Are you going to have better guests? Are you going to bring a different angle of ex your experience to the table? Are you representing a brand that hasn’t ever had that outlet to speak to its customers or its potential customers? So what are you doing that’s different that would just make somebody who’s searching your topic in the iTunes, you know, apple play store or in Spotify searching your topic and come across yours and make you pick yours versus the other one that has to do with, uh, you know, a similar topic.

John Jantsch (06:14): Yeah. And I, I think the good news is yes, the market is crowded, but there’s also, you know, millions and millions of more people listening to podcasts. So, so every niche that you could think of has got a pretty good size audience, I suspect.

Dan Franks (06:28): Yeah. And it’s, you know, it’s exciting now because back even five years ago, really to be a successful podcast, a lot of people saw it, meaning you get over 10,000 listeners and you start to be able to sell ads and have advertisers on your show and you make money with the podcast. Whereas now there’s so many different definitions of success when it comes to your podcast. It could be, yes. I want to get a whole lot of listeners and sell advertisements, or it could be, I have this product or service that I’m trying to start on the side. And the podcast is meant to be a funnel for that or, or, you know, some, so, so in that particular instance, okay, success, isn’t 10,000 plus listeners and being able to sell ads it’s can I convert one of my 100 listeners every month to being a customer?

Dan Franks (07:09): And then that’s way more, you know, way more profitable for you if that’s your goal than just trying to, you know, fight for advertisers. So, you know, now I think there’s so many, any more opportunities and with tools like Patreon and all these, where you can kind of, uh, launch these additional add-ons for your listeners. Now, you don’t necessarily, again, need those thousands and thousands of listeners. You just need either listeners who are gonna convert for you or your business, or who are going to kind of support you as a creator from that, you know, crowdfunding type standpoint, that premium offerings type standpoint. So just so many more ways now to define success.

John Jantsch (07:44): Well, and I’m, I’m glad you touched on it too, because I tell business owners all the time, you know, think of it as a potential lead generation, uh, tool as well. I mean, if you’re, I’m a consultant, if let’s say I’m targeting, you know, midsize company CEO as well, I’m gonna do a show, getting best practices of mid-size company CEOs, and I’m gonna have ’em on my show. It’s gonna be great content, but at some point some of them are gonna go, oh, I’ll take your phone call now and listen to what you know, you, I mean, so you’re not using it to sell necessarily, but you’re using it to get access to a potential target market. I, I think that one of the most underutilized, you know, aspects of podcasts, you become a member of the media.

Dan Franks (08:25): Yeah. And, and another thing that kind of, that, that reminds me of is one of the things we see a lot now are like professionals. You know, we talked about the accountant thing, but professionals who are almost talking shop amongst themselves, and it’s not meant for the customer, it’s meant for other people in your position. So for instance, you might be some sort of specialized surgeon that there’s only, you know, a thousand of you in the world, but if you’re doing a podcast just for, you know, you and your fellow colleagues and you start listening, everyone else starts listening to the show. Well, then you’ve got these super high dollar advertisers who desperately want to get in front of that particular type of doctor, you know, people aren’t reading magazines anymore. And, you know, there’s limited ways to get in front of just that targeted audience.

Dan Franks (09:05): But if you have a podcast where, okay, it maybe only has 150 listeners an episode, but 150 of ’em are the exact type of doctor that you’re trying to get in front of for your, you know, piece of medical equipment or whatever it is. There’s hardly any other way to get in front of that group in such a targeted way. So again, like there’s, we see that type of thing start popping up or dentists in a lot of it’s in the medical, but it just becomes such a, you know, such a targeted way that you can, you know, create content and get in front of those advertisers that become super profitable. And some, I talked to one doctor who started taking less and less shifts to put more and more focus. And you know, the starting salary there is already pretty good, but the podcast is doing better. So it’s pretty exciting.

John Jantsch (09:45): And now let’s hear from a sponsor, whether you’re looking to sell your business in the near future, or just wanna make it more scalable and profitable Work Better Now, as virtual assistance can help you get there. Adding a virtual assistant to your team can help you focus on high value activities like business development to boost your bottom line Work Better Now, clients say that their virtual executive assistants have made an impact on their business. Well beyond their expectations for only $1,900 a month, you get a full-time assistant who is 100% dedicated to your business. There are no contracts, no additional cost based in Latin America with incredible English, proficiency and business experience work better. Now assistance undergo a rigorous screening and onboarding process work better now is currently offering duct tape marketing readers and listeners $150 off per month for three months, just mentioning duct tape to learn more, visit workbetternow.com.

John Jantsch (10:42): So let’s flip the mic around. Um, a lot of times when people talk about podcasting, they think, oh, okay, I have to start a podcast to use podcasting. I actually started an entire company called podcast bookers, sorry, there’s my ad podcast, bookers.com that that our whole intent was to actually get people on podcasts as guests. And I think a lot of times, certainly a lot of people like to be on shows, but actually making that a very intentional part of your marketing, uh, activity to get on the right shows to get the exposure, you know, to get maybe the scene as well. You know, an expert you’re gonna get content, but the little dirty little secret is, I dunno about you Dan, but when somebody comes on my show, I promote the heck out of that show. I promote the heck out of the links that they mentioned, you know, on the show. So it’s the greatest way to get back links today. So talk to me about, you know, your idea or what you’ve seen people doing to make podcast guesting, just as effecti as podcast hosting.

Dan Franks (11:38): Yeah. So, I mean, obviously there’s services like the one you provide that kind of curates what shows would be best for you as a potential guest, but you know, that’s something and you would say this too, that someone, if they wanted to, you know, roll their sleeves up and put in the dirty work, they could do that themselves. And I think there’s a lot of value that goes into finding those right fits for you as a guest to be on. I, I like to say like, look at the longevity of these shows that you’re potentially sure looking to get on because quite honestly, a lot of people do get that shiny object syndrome, right. And start their own show and you might get pitched to be a guest on that show and it looks good because it’s this fun idea and you go back and check it out after your episode is released.

Dan Franks (12:14): Like six months later, you check it out and the show’s, you know, sunset and no one’s gonna ever hear your show again, because it’s gone it’s off the air. So yeah, I think, you know, as you’re, if you’re looking to be intentional about being a guest go, you know, research shows spend some time find those best practices or again, you know, work with someone like you, but yeah, just getting in front of those audiences. And again, like I said about those people that can, you know, buy advertisements on very specialized shows, that same approach can be taken to being a guest. You can find very specialized shows that are the exact right audience that you’re looking to get in front of. Yeah. And if you bring something compelling other than just a pitch for yourself, but something compelling, you know, an expertise that maybe some, one else couldn’t provide or that, that show was never featured before, you know, you can be as much of a value add to that show as, you know, getting that value in return.

John Jantsch (13:01): I had a client tell me this one and I’d love to hear, you know, if you’ve seen any really out of the box uses that he actually went and found shows that other guests were kind of his profile of who he was looking for. He’d go beyond the show. And then he would go through the list of guests and contact them, say, Hey, I saw you were on this show too. You know, I really loved your episode. You know, maybe, you know, I’d love to, I’d love to meet you and hear more about what you do. And he, he actually uses it as a somewhat aggressive lead generation or lead mining approach.

Dan Franks (13:32): Yeah. I mean, I think there’s a couple different angle there where being on podcasts or hosting podcasts really kind of put you in connection with people that otherwise you wouldn’t be able to. So I know a lot of people who host Joe’s and bring on guests who otherwise, if they had just cold emailed this person, they’d never make this connection, whether it’s a famous person or an influencer in their space, same thing goes with that. If you have that, that, like you said, that, that commonality, Hey, we were both on this show and I, I really enjoyed your episode. Like, can we connect that’s, you know, one, a foot in the door that you otherwise wouldn’t have had that to be able to relate to people. So yeah, a lot of different ways to skin the cat in terms of leveraging podcasts and guesting and being a guest and having guests, you know, to further, you know, your personal or your professional brand.

John Jantsch (14:14): So in the end, we’re really just talking about content, audio content, right. And so a lot of people think in terms of it as a broadcast out to the world, but I’m in, I’m seeing one trend I’m seeing is increasingly companies are using it, you know, even internally or communities are using it internally, just as a communications means what kind of trends along those lines are you seeing?

Dan Franks (14:35): Yeah. We’re starting to see a lot of, like you said, companies who are not necessarily replacing, but supplementing that weekly, you know, company update with an audio version of it, or maybe they’re interviewing whether it’s executives or just interviewing other employees of the company to where you can kind of, you know, learn the stories of the people that you either work with, or that are maybe in other departments. So really just kind of bringing a little more personality to what otherwise would be that weekly team update email. Yeah. I’m also seeing yeah. Municipalities and cities and counties use both YouTube. So video style, but also podcasts for those weekly, you know, updates that the city might send out. You know, don’t forget trash is getting picked up, you know, late this week cuz of the holiday. And that sounds super boring, but there’s a lot of people who, Hey, I just want to hear that, you know, three minute update from the city and I’m more likely to listen to the podcast than read the newsletter. So that’s a super exciting trend we’re seeing. And then, you know, a little bit in a similar way, we’re seeing these, you know, companies use it a little bit more for content marketing and, and communications with customers or, or potential customers. So in a similar way of, you know, disseminating information as, you know, municipality or a company with it for internal communication, we’re seeing a lot of that for external as well. So a lot of kind of newer developments in extensions of what podcasts might be.

John Jantsch (15:51): All right. So a, I know you don’t have the silver bullet answer to this, but I know you also get asked this question a lot. So I got my show going, how do I get more listeners?

Dan Franks (16:00): Yeah, no, that is, and you mentioned in, you know, 2005, it was hard to find listeners because you know, there weren’t that many of them to begin with the limited shows, but limited listeners. And now it’s the opposite problem. Lots of shows and lots of listeners. Lot of what we see working really well are, is cross promotion between shows, right? I know, you know, on some of your episodes, you have, I think it’s paid sponsorships, but it’s podcasts advertising on another podcast and new shows can do that, have that same effect on one another, just by finding shows, maybe in a similar niche or that might have complimentary audiences and really help each other promote like, Hey, if you like my, this other show you should check out. And we know it works because we see the big, the biggest networks in the world cross promoting their own shows on their own shows.

Dan Franks (16:41): So that’s a great way. Just once you’ve got a show going, you’ve got a track record, reach out to similar shows. We also see something called feed drops done on a somewhat regular basis. And that’s when you find those same shows, maybe develop that rapport with them by by cross-promoting. And then you actually drop one of your episodes on their feed and they’ll drop one of their episodes on your feed. So you’re not just telling them about, you know, telling your audience about this show and you might record a custom intro on the front end and say, Hey, you know, this week we’re taking off, but we’ve got this special bonus episode of a show that I think you’re really gonna like, and then the, they listen to it and then they’ll seek it out and subscribe. So a lot of kind of ways like that, where again, everything we do is community focused. Yeah. Um, at podcast movement and that’s a community focused type way to help yourself grow and other people as well.

John Jantsch (17:27): I tell you what I’ve done a couple times and it’s been really fun, especially when I have like a new book coming out or something like that. So I have a reason to be very promo emotional myself is I’ll actually have a guest host. So I’ll actually have somebody come on my show, who does a show and interview me on my own podcast. And now obviously it gives ’em an opportunity to, or, or she to promote their show. So another kind of fun twist.

Dan Franks (17:50): Yeah. Yeah. I mean, there’s all kinds of things you can do. And that’s the fun thing about podcasting and, and YouTube and blogging and anything else where, you know, there’s not really anyone telling you what you can and can’t do. You can just come up with ideas like that, try it. And if it bombs, don’t do it again. But if it works, which a lot of times it does, then, you know, you know, it might go after and do it again.

John Jantsch (18:10): So let’s, we a geek out forever on this. So I’ll try to keep it short. You know, let’s talk just a moment about the tech for podcasting. When I first started, I actually recorded phone calls. I had a little device that I bought from the FBI. I think that plugged in, it was almost like tapping the phone and then it would go into an external recorder and, and I would have to upload that file. It was a mess. It was a lot it’s, it’s why a lot of people quit early because it was so much work. Now, of course, we’ve got where you and I are recording this on Riverside. You know, there’s all kinds of tools to transcribe, do all this stuff at a minimum. What’s in your opinion, the best kind of starter set up for, you know, somebody who wants to get going on a podcast.

Dan Franks (18:51): Yeah. I think the best starter set up is to get a basic USB microphone. There’s several out there that you can research and they’re, you know, 50 between 50 and a hundred dollars. It’s an investment for sure. But it’s not a gigantic one, right. Plugs directly into your computer or your laptop. Uh, they dynamic microphones usually. So they’re pretty good about canceling out external noises. Right. And yeah, so like from a technical setup, like bare bones, USB microphone, the two that we really like are the audio Technica, uh, 2100, I believe is the current model. And then there’s a Q2 Q2 U by Sampson. Those two are very good. They come with little Mike stands. So really those plugged into your laptop and a semi quiet environ, we’ll give you pretty good results just to start. And then there’s all kinds of like hosting companies out there that’ll provide free service.

Dan Franks (19:37): Anchor is the most known one, but some of the really good ones out there red circle is one. I really like, uh, that is free hosting. And you can, yeah. You know, put a, get a podcast ready to go for somewhat minimal investment. Now I don’t necessarily think you should just like get on there, plug the microphone in record, publish a podcast. Definitely think there’s some, you know, planning and, you know, mapping out what you want this show to be and getting some episodes under your belt before launching. But you know, at bare minimum, it’s not a giant investment. We were talking before getting on the air, I’m in a room with a road caster, which is a giant mixer with fancy lights and a bunch of mic microphones all over. Those are cool to have, but definitely think people should, you know, get started, make sure they like it. You know, my parents used to always, you know, we’ll buy you, you know, something small and make sure you like it. And then we’ll get you the expensive bike. If you actually, you know, show us, you actually wanna ride the bike on a regular basis. Same thing with this. Like you can definitely go more expensive, but make sure it’s something you wanna with before spending too much.

John Jantsch (20:34): Okay. My current every day, Mike is as sure what’s this one S SM seven B, I think they call sure. SM seven B into a cloud lifter, which lifts the gain into a two mix mixer channel that, or it’s actually a four mixer channel. I just use two channels. That was probably a hundred dollars. So, I mean, all, all in all pretty professional setup, you know, under a grant. And what’s your current setup,

Dan Franks (20:56): Dan? The one I’m using here in this little, uh, studio at my coworking space, it’s as sure SM seven B the same microphone. Yeah, probably one of the, the, the better high end microphones there. But like I said, the roader a mixer, which it’s a great mixer. It’s really good if you’re recording three or four people at once in the same location and

John Jantsch (21:12): Like the Eagles are there and they wanna perform. There

Dan Franks (21:15): You go. There you go.

John Jantsch (21:17): Cause it could handle that.

Dan Franks (21:18): Yeah, for sure. But yeah, I mean, it’s, you know, like I said, most, a lot of people would not notice the difference between the listener. When I say, say people, the difference between the a hundred dollars setup and the thousand dollars setup, a lot of it is how you use it, what your recording environment is like, if you’re, you know, got the window open and there’s someone mowing the lawn outside, it doesn’t matter how expensive your setup is. It’s still gonna sound like the window’s open and someone’s mowing the lawn outside. But you know, everything from, uh, I, I know people, I know very large podcast who record in their closet because, you know, close everywhere and really dampens the sound and creates a really nice recording environment. I know someone who’s a, a college professor who wears his graduation gown kind of throws it over him as he records. And again, it’s like a little recording booth. So, uh, a lot of the podcasters you listen to on a regular basis, they’re making due with whatever they can in the house. I mean, that’s something that anyone and everyone could figure out kind of a solution for

John Jantsch (22:12): One of my first guests early on was Tim Ferris, right after the four hour work work week had come out and he was on a mobile phone walking on a windy day. So you can imagine what that sounded like.

Dan Franks (22:24): Yeah. And you know, a lot of people now, the iPhone microphone and the, in the AirPod microphones are not horrible, not recommended, but you know, just technology as you, you were referencing earlier has gotten so much better even on those handheld devices again. Yeah. Maybe don’t walk down the streets of Chicago on the phone for, for a podcast recording, but you know, if the best you have is your, you know, your iPhone phone, it might make due for that, you know, some of those test episodes.

John Jantsch (22:53): So Dan tell people where they can find out more about your work and certainly, uh, check out the next and maybe tell us when the next podcast movement is.

Dan Franks (23:00): Yeah. So, uh, podcastmovement.com. We’ve got all of our daily newsletter up there, all kinds of, uh, tips and tricks and advice for new podcasters, as well as, uh, existing podcast and industry professionals and podcast movement right now happens twice a year. So the end of March, 2022 is our next one. And then our flagship event is this August in Dallas. So two big events, hopefully getting back into in person event action this year and yeah. Looking forward to continuing to grow.

John Jantsch (23:27): Yeah. Awesome. Well, thanks for stopping by the duct tape, mark marketing podcast, Dan, and, uh, hopefully we’ll run into you one of these days at a podcast movement or on the road somewhere

Dan Franks (23:36): Looking forward to it. Thanks, John.

John Jantsch (23:38): All right. That wraps up another episode of the duct tape marketing podcast. I wanna thank you so much for tuning in, feel free to share this show. Feel free to give us reviews. You know, we love those things. Also, did you know that we had created training, marketing training for your team? If you’ve got employees, if you’ve got a staff member that wants to learn a marketing system, how to install that marketing system in your business, check it out. It’s called the Certified Marketing Manager program from Duct Tape Marketing. You can find it at ducttapemarketing.com and just scroll down a little and find that tab that says training for your team.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and WorkBetterNow.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 

 

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How To Build A Winning Coaching Business

How To Build A Winning Coaching Business written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Marc Mawhinney

In this episode of the Duct Tape Marketing Podcast, I interview Marc Mawhinney. Marc is a lifelong entrepreneur who helps coaches get more clients without paid advertising. He achieves this with his coaching programs, his podcast Natural Born Coaches, his Facebook group The Coaching Jungle, and his exclusive print newsletter – Secret Coach Club.

Key Takeaway:

There are certainly a lot of people jumping into the coaching profession. Building a successful coaching business isn’t rocket science, but it does take following proven steps and building things properly from the ground up. In this episode, Marc Mawhinney and I walk through how to cut through the noise today and what it takes to build a profitable coaching business.

Questions I ask Marc Mawhinney:

  • [1:37] How long have you yourself been a coach and where’d you get started with your training?
  • [2:59] How do you find that you’re able to cut through that noise that you mentioned?
  • [4:27] How do you get clients without paid advertising?
  • [6:12] If I’m just getting started as a coach and need to get clients, is there a channel that you would tell people is a great place to get a jumpstart?
  • [7:38] When you are working with coaches, what’s the thing they get wrong most often?
  • [9:38] How does somebody who doesn’t have a reputation already go about building a reputation of influence or expertise?
  • [11:45] What are some of the practices that you see that top-tier coach coaching businesses do?
  • [13:52] What do you see successful coaches doing to actually stimulate referrals?
  • [16:07] Is there a delivery mechanism you see that works best for coaching nowadays?
  • [19:21] Are there any trends that you see in coaching right now you think people ought to be paying attention to?
  • [20:18] Where can more people find out about your programs and your work?

More About Marc Mawhinney:

More About The Duct Tape Marketing Consultant Network:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): This episode of the Duct Tape Marketing podcast is brought to you by the Salesman Podcast, hosted by Will Barron brought to you by the HubSpot podcast network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host will Barron helps sales professionals learn how to find buyers and in big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn’t want to do that? Listen to the salesman podcast, wherever you get your podcast.

John Jantsch (00:46): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch and my guest today is Marc Mawhinney. He’s a lifelong entrepreneur who helps coaches get more clients without paid advertising. He achieves this with his coaching programs, his podcast, natural born coaches, his Facebook group, the coaching jungle and his exclusive print newsletter secret coach club. So mark, welcome to the show.

Marc Mawhinney (01:15): Well, uh, thanks for having me, John, and I should let people know, uh, what a good guy you are. I messed up our original meeting last week where I didn’t up at our time, uh, scheduling snafu. Totally my fault, but you’re very gracious and here we are today. So it’s embarrassing for me, but thank you for not, uh, blocking me and kicking me outta your

John Jantsch (01:33): World. Now you’ve done your public penance there. So all all is right. So, so how long let’s talk a little bit about your journey. How long have you yourself been a coach and kinda where do you get started your training? Cuz there’s, there’s certainly a lot of people jumping into the profession and I’d, I’d love to hear kind of maybe how your, your approach or your point of difference.

Marc Mawhinney (01:54): Yeah, so I officially started March, 2014, so we’re around eight years now. And at the time I thought I was too late to the party of I was crowded and uh, I waited too long and here we are in 2022 and it’s 10 times noisier and way more coaches. So the more of the story, there’s never a perfect time. Just jump in there and do it. Now. My background’s actually real estate. You know, I spent about a decade building up a large real estate company and throughout my twenties, and then everything collapsed in 2009. Right. And basically I went through a rough period of couple years where after nonstop success, it was just a couple years of struggle and everything. I touched, turned to crap instead of gold. And I was held back to my feet by several coaches. And that’s how I found out about coaching. What eventually led me into start my coaching business in 2014,

John Jantsch (02:41): You made a use the word, no, uh, noisy. Mm. And I think that I too have, you know, I work with consultants and have for many years. And when I started my program maybe 10 years ago, I don’t know that there were too many people out there now everybody’s selling some sort of training for digital agencies. And you know, how do you find that you kind of cut through that

Marc Mawhinney (03:01): Noise? Well, I like yourself. I mean, you’ve been at it longer than me and there’s that consistency, you know, since 2014, I’ve released 751 episodes as of today for my podcast, you know? And I’ve gone on a lot of shows like this. I I’ve been doing daily emails to my list since 26 steam and haven’t missed a day there. So it’s not always a sexy superpower consistency. Yeah. Cause everyone’s looking for, you know, the magic bullet, but it’s just showing up every day and then you’re gonna outlast those people that we’ve all seen. They jump into it and the, and they, uh, burn themselves out. You know, they, they don’t make the million bucks in the first month they get frustrated and then they’re gone. So a lot of it was just me showing up every day. Like, was it Woody Allens it showing up half the battle or something? I don’t know. I’m not a big Woody Allen fan, but for his movies. But I think he said that,

John Jantsch (03:49): So let me get this straight. You’re saying you work really hard for a long time. That’s the secret.

Marc Mawhinney (03:53): Yeah. Go figure. Yeah.

John Jantsch (03:55): Who wants? I like that.

Marc Mawhinney (03:57): I’m an optimistic person, but uh, what to things like business, I’m also realistic. So I say I’m an optimistic realist. Uh, so I’m not the type, uh, you know, when you plant a seed and you, uh, sprinkle some water on it and stuff, you don’t expect it to come up outta the ground until the next day, I just assume it’ll happen. So yeah. I mean, everything I do is with that in mind that, Hey, I’m just gonna do my best job possible, gonna hang in there. And then the results usually come, but I don’t beat myself up if I don’t get a bunch of money coming in on day one to trying something. Right.

John Jantsch (04:27): So in the intro, you mentioned that you do marketing, uh, for coaches or teach marketing for coaches without, uh, paid advertising. So I’m guessing somebody listening to this show, I go, okay, how do I, you know, get clients without paid advertising market?

Marc Mawhinney (04:42): Well, we just touched on it. You gotta roll up your sleeves and do some work. Yeah. Uh, so when I got started in 2014 coming off of bad business closure where I lost everything, you know, went belly up. I didn’t have the benefit of having a big war chest. Like I had back in my real estate days, cuz I used to do a ton of now we’re talking about the stone ages, you know, the early 2000, but I did a lot of postcard mailouts and radio advertising and print advertising and so on and all. And then when I start coaching, I’m like, oh man, I don’t have that. I can’t be spending tens of thousands of dollars a month on marketing. Uh, at the time I thought of negative looking back now there was a silver lining there cuz it forced me to really hone my message.

Marc Mawhinney (05:20): I had to do it all or, and put that work into it. And so I do find a lot of times people try to shortcut the process of this coaching. Let’s say they’re coming from corporate America, they got their golden parachute or they’re sitting on a bunch of money and they think I’ll just hire some, uh, funnel expert or guru and spend 30 or 50 grand and that’ll handle it. But yeah, that, that’s how coaches can do it is just by rolling up your sleeves. I know it sounds like common sense and just doing it.

John Jantsch (05:48): So, you know, I talk about that as, as well. And I talk about, you know, the various channels and you know, ways that we can reach our clients and inevitably somebody, you know, comes up like I’ll, I’ll, I’ll do a talk to seven steps to, you know, marketing, small business marketing success or something. And at the end I’ll always, somebody will come up and say, that’s great. There’s all these things we gotta do. But like what’s the one thing, right? So, so if I’m, if I, if I’m just getting started, say as a coach and I really, you know, I do need to get clients. Is there a channel, is there a place, is there an activity that you would tell people? Well, as you’re just getting started, here’s, you know, here’s something you should at least do to maybe kind of jumpstart.

Marc Mawhinney (06:28): I mean there’s more than one way to skin a cat, right? So there’s certain ma uh, platforms that I prefer you and I chatted about this. When you came on my show, a good example, you with blogging. I mean, that was a great way that got your name out there, put you on the map and everything for me podcast really have three pillars, podcasting. That’s my show. But also going out on shows, I like this. There’s a Facebook group, really community building. Uh, so I have the coaching jungle group and then the third ways with daily email marketing. So what I would say is, um, the, your three pillars or a couple things may be different than mine, but find, uh, one or a couple things that you enjoy doing and that you can get results from and then consistently do it instead of trying to spread out and do every single thing that’s out there. Cause you don’t have the time to do that. So it’s like trying to start a fire with a magnifying glass. If you’re moving it around, it’s not gonna catch on fire. Uh, you gotta keep in one place. Yeah. Yeah.

John Jantsch (07:19): Great. Uh, point, I remember doing that as a kid all the time, um, laying

Marc Mawhinney (07:23): You with the little army figures, it goes Bart Simpson, one of the episodes of the Simpsons, he was melting the little green army guy.

John Jantsch (07:30): Um, I, I think you kind of answered this already, but I’m gonna, I’m gonna pose it to you directly and you could say, well, yeah, that’s what I meant by that. But when you are working with coaches, what do you see that they tip? What, what’s the thing they get wrong most often?

Marc Mawhinney (07:43): Well, especially with new coaches, uh, they assume that they’re gonna spend, uh, roughly 80% of their time coaching. And then, oh, the other 20% maybe finding clients doing a little bit of backend paperwork and stuff, but the majority of their time will be spent coaching. Yeah. Anyone who spend any time the business and is that it’s a flip side of it. And actually it wouldn’t even be 20% of your time. Coaching is probably even less, but the, the vast majority of your time spent, uh, doing the things to, to find clients, which some people don’t like because they do the coaching, right. That’s why they’re getting into it. And they, they think, oh gee, I don’t wanna be selling it. I don’t wanna be posting content marketing or whatever, but that’s what you have to do. You’re gonna be a, uh, well kept secret. If you’re not willing to get out there. I’ve often said if I had to put my money on one of two coaches, if there’s a mediocre coach that has amazing advertiser marketing and, and skills, but then there’s this incredible coach best in the world, but sucks at marketing. I’d put my money in the mediocre coach. Unfortunately. Uh, that’s just the way the world is.

John Jantsch (08:42): And now let’s hear from a sponsor, whether you’re looking to sell your business in the near future or just wanna make it more scalable and profitable Work Better Now’s virtual assistance can help you get there. Adding a virtual assistant to your team can help you focus on high value activities like business development to boost your bottom line Work Better Now clients say that their virtual executive assistants have made an impact on their business. Well beyond their expectations for only $1,900 a month, you get a full-time assistant who is 100% dedicated to your business. There are no contracts, no additional costs based in Latin America with incredible English, proficiency and business experience work better. Now assistance undergo a rigorous screening and onboarding process work better now is currently offering Duct Tape Marketing readers and listeners $150 off per month for three months, just mentioning duct tape to learn more, visit workbetternow.com.

John Jantsch (09:38): You know, you’ve been doing this for a while. You’ve put lots of time and energy into building a bit of a reputation. There’s no question that has value, right? I mean, people, uh, see you, they begin to like you and trust you and they’re willing to pay a premium perhaps to work with you because of a reputation. How does somebody who doesn’t have that go about building, uh, a reputation of influence or in expertise without, you know, without having that kind of long term, uh, success?

Marc Mawhinney (10:09): Well, I mean, I think, uh, one great way to do it’s podcasting and you’re a fan of podcasting too. I started my show in November of 2014. So I was still within that first year of being in business. The podcast got me in touch with some really, uh, great people. You know, some were big names, uh, some weren’t so big names with their interesting people. Well, connected got my foot in the door with others. And then when people went to check, they’re like, oh, gee, he’s, you know, host a podcast. He’s had these people on, like for example, I rich Lipton and Steve Chandler on my show fairly early in the run, they wrote the prosperous coach and they’re well known in, in coaching circles. So people say, oh, Jay mark knows rich. And Steve, you know, now we’re not best buddies or anything like that, but we talk from time to time with both those guys. And they’re great. So I think podcasting, especially where there’s little to expense to do it, or it’s peanuts, that’s probably your best bang for your buck. As long as you’re patient with it, you don’t expect to make the million dollars in the first week or anything like that.

John Jantsch (11:08): You mentioned the real estate industry and you know, it’s most people, I don’t know if most people know this or not, but probably about 20% of residential real estate, eight agents make any real money. Uh, the other, you know, run around it’s part-time job. They get in it, get out of it. There’s some similarity. I think in coaching, you know, it’s very easy to get into coaching, you know, call yourself a coach. I think the, the top 20% are probably people that treat it as a real business that are very successful. Now I’m not disparaging the industry. I’m just that, you know, you can go industry by industry and that’s probably the case. So, so having said that, what are some of the things practices not necessarily marketing, but what are some of the practices that you see that, that top tier, uh, coach coaching business do?

Marc Mawhinney (11:51): Well, I’m glad you mentioned about the similarities, cuz I’ve said that often before too, I catch myself, instead of saying coach, I might say agent or something. Yeah. First you think, well, there’s not no similarities between the two, but actually there is, I just actually wrote an email the other day about this. And I said, one of the things I noticed that successful, uh, coaches don’t do versus unsuccessful is complain. You know? And what I mean by that, I, everybody complains, you know, human or whatever, but they, they, they’re not spending their time griping about, well, well, here’s an example which I noticed in real estate, and this is why I love coaching in real estate. I was in a, a small, I say small market in Atlantic. Canada’s 300 agents in my marketplace and everybody talked crap about everyone because they would, if I got a listing or John gets a listing, then O GE John took food off my, uh, table.

Marc Mawhinney (12:38): Right. He got that commission. I just talked to that homeowner two weeks ago. I should add it. Yeah. You know, or stuff like that. So in real estate, uh, the agents are all 364 days of the year, stabbing each other in the back. And then at the Christmas party for the real estate board, they’re hugging it at each other, like their best friends. Then it’s back to normal with the coaching world. What I like about it is it’s not like that because, uh, it you’re in, uh, Colorado. Right? I am, I am. So if, if you’re in Colorado, you get a client I’m not grumbling up. You’re like, oh geez, John, that bugger, he got that, you know, whatever, it’s billions dollars a year industry. And it’s just not saying everybody loves each other all the time. There’s of course feuding and things, but, but yeah, I’ve find the successful coaches. They’re not looking at the complaining or, or bringing other people down. And I see some coaches on social media, especially that some of the stuff they’re posting, uh, about is, uh, it’s kind of depressing. I’m like, I don’t think I’d want to work with that person. They’re just complaining that much. So there, there would be one thing that would differentiate to,

John Jantsch (13:34): So

John Jantsch (13:36): Coaching is one of those businesses, like a lot of professional services where a high level of trust really needs to be established with clients. So I’m guessing Nile, I know this, that referrals are a really big part of, you know, how a lot of coaches probably acquire new business. So what do you see success coaches doing to actually stimulate that? Obviously doing good work, being trustworthy. You know, those are things that are gonna make referrals happen, but I see a lot of businesses that get a lot of referrals, but they don’t do anything to try to actually stimulate them. In fact, I, I, I sure one statistic and then I’ll show up that, that their firstly, a Texas tech, the university did a study in, they found they interviewed 2000 consumers and, and 86 or so percent of them said there was a business they loved so much, they would refer. And then the flip side of that was only 27% of them actually did. And so, you know, I often say there’s gotta be some real money in that gap. You know, it’s not enough to just have happy customers. You’ve gotta do something to stimulate that, that referability I think,

Marc Mawhinney (14:38): Yeah. I mean, one thing, it sounds kind of funny to say it, uh, you have to ask for referrals, which I don’t think that’s being done nearly enough. I’m probably guilty of that too. Yeah. You know, full disclosure. One of the things I do in this might sound a little, uh, craft, but I, I think it does help if somebody refers business to me, whether it be a client or good joint venture partner or something, I sounds bad. I’ll pay them. Yeah. I’ll pay for the referral. Yeah. I know some people say, well, you shouldn’t do that cuz it, you know, or whatever, it’s my way saying, Hey, um, I appreciate you keeping me in mind. And I would pay all day long if someone’s handing me a good client on a silver platter. I given referrals to people. It’s not that I’m doing it just for, you know, money or monetary gain, but sometimes I’m not even getting thanks, uh, from people, uh, before, which is, I’m like, wow, that’s kind of silly if somebody’s referring you business and a really good client, one person I know, you know, not to, not to complain cuz I just talked to complaining, but uh, I gave them a five figure client, a really good client or whatever.

Marc Mawhinney (15:33): And I got a little, uh, nut basket or something in the mail, you know, like a $20 basket, which is fine. Like, you know, I’m not a big nut fan or whatever, but yeah, if somebody’s given me a client worth 10,000, $50,000, I’m gonna give them a nice gift.

John Jantsch (15:49): So let’s go back to, uh, delivery on coaching. So, you know, a lot of coaches, a lot of consultants, a lot of businesses in general, understand the value of having kind of this maybe starter offer and then a core offer and then, you know, group offers and, you know, big, you know, scale program. Do you, you know, is there a delivery mechanism that is, um, you know, is probably the best for coaching now or should every coaching practice have a variety of maybe price points even as well as, uh, delivery mechanisms?

Marc Mawhinney (16:21): Uh, well it’s tough because there’s different ways to do it. Yeah. You know, uh, some people or a lot of people like the latter approach, uh, where you start with the low price or low ticket thing and then work your way up. I know some coaches at that don’t want to get into that. They swear by the no, you start with the big ticket thing. And that’s what you’re focusing on. The one thing I will say with mine is with my ladder. So to speak, my offers go anywhere from a, a base. I have a print newsletter that’s $97 a month, 9 97 a year. That’s my, uh, most affordable offering. That’s how people can get into my, they they’re allowed to pick my brain by email subscribers there. Then it goes all the way up 10,000 to not, but I don’t play in the world where, um, a lot of people are like, Hey, let’s have a $7 e-book to get people in there and stuff.

Marc Mawhinney (17:05): And I, I just prefer to, uh, have that as a base $97 a month. And if you’re not able to do that or not willing to, then that’s fine, but you gotta pay to play or have some skin in the game, uh, that way too. So you could do it any number of ways. My suggestion though is not to have too many. So a true story. I had a client, uh, years ago, this was probably five or six years ago. And when we started working together before our first call, I’d want to get as much information as possible, get a feel for his business. And he said, oh, I I’ll send over a spreadsheet with my offers to show you what I’m doing. And oh my God, there’s like 36 different offers of different, uh, lengths of time frequency for sessions. And I said, how do you keep track of this? Like, you know, he was even confused with it. So you shouldn’t need a spreadsheet to track your offers, keep it, you know, keep it simple. Nice and

John Jantsch (17:54): Easy. Plus how do, how do you ever explain all those offers to somebody, as you said, without them coming, just going, I don’t know what to depend.

Marc Mawhinney (17:59): They’re caught like a, the cot headlights. There’s been different studies too showing, uh, one that comes to mind, uh, Joe showman. But yeah, he was doing some work with the Swiss army people. They had a Swiss army with that they’re selling and he went in to meet with them. And I guess there were three different types of that Watchers. Uh men’s women’s and the children’s models. And there were three different colors for each. I think it was camouflage black and a different color. And uh, he, they wanted him to have all nine of those models, three times three on the full page ad we, which he did not want do, but they said, no, you know, no, we want do it. He want to run with just the men’s black model with it and he couldn’t talk them out of it. So he agreed, okay, we’ll do a AB split test. We’ll put my ad simple one choice versus your ad and see which one does better. And um, pretty sure that his simple one watch ad pulled like four times better or something like that. Yeah. And, uh, so a lot of people think, oh, well there’s more selection. You’ll get more sales. It’s actually the other way, it’s more selection confuses the buyer and then they end up not opening their

John Jantsch (18:58): Wallets. Yeah. You certainly see a lot of good, better, best, you know, where people’s like, you know, and it’s really almost more way of helping somebody make a decision cuz it, you know, always the middle choice says most popular, you know, kinda psychologically sells them the one thing, but also says, oh, it’s not the most expensive, you know? So it’s, there’s a lot of psych psychology and pricing isn’t there. So, so let’s close up on, are there any trends that you see in coaching right now or trends in delivery models or trends you knows like membership programs where big, you know, for a while, I mean, are there any things that you see coming, uh, in the future that you think people ought be paying attention to?

Marc Mawhinney (19:36): Well, I think a trend that we’re and I already saw this the last few years, but I think it’s gonna be even more pronounced going forward is coaches are gonna have to deliver on what they’re promising. So, you know, gone are the days when you could, you know, put up a fancy sales page or what make all these big promises but not deliver and then still expect to stay in business. I, I think the customer clients are becoming more sophisticated, maybe more jaded too. Yeah. They’ve been Burt by one or two of these bad apples. Uh, so you’re gonna have to do better there and that’s good for people like us at weeds at the bad actors and keep doing, you know, the good people will profit. So that’s what, what I would see that coaches are gonna have to, you’re not gonna have to, uh, not just give the sizzle, but the steak as well, I guess. Yeah.

John Jantsch (20:18): All right. Mark, tell people where they can find out more about your natural born coaches program, the coaching jungle, all the things wherever you wanna send people. Yeah.

Marc Mawhinney (20:24): Well the central hub has the podcast, the access to my daily emails, all that that’s at natural born coaches.com and uh, you are a guests on my show. So hopefully your show will be up by time. They go over and check it out. But natural born coaches.com the Facebook group, like you mentioned, the coaching jungle, there’s 22,000 coaches in there. Lots of great discussion. That’s at dot coaching jungle.com.

John Jantsch (20:45): Awesome. Well, mark, it was great. Uh, having you come by the duct tape marketing podcast and hopefully we’ll, uh, run into you, uh, one of these days when I’m up in, uh, Canada again.

Marc Mawhinney (20:54): Yeah, come on over and double go skiing or something. Wintery sounds Awesome.

John Jantsch (20:59): All right. That wraps up another episode of the duct tape marketing podcast. I wanna thank you so much for tuning in. Feel free to share the show, feel free to give us reviews. You know, we love those things. Also. Did you know that we had created training, marketing training for your team? If you’ve got employees, if you’ve got a staff member that wants to learn a marketing system, how to install that marketing system in your business, check it out. It’s called the certified marketing manager program from duct tape. You can find it at ducttapemarketing.com and just scroll down a little and find that tab that says training for your team.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and WorkBetterNow.

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What a CFO Can Do For Your Agency

What a CFO Can Do For Your Agency written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Jason Blumer

In this episode of the Duct Tape Marketing Podcast, I interview Jason Blumer. Jason is a Co-founder of Thriveal, a firm that helps entrepreneurial CPA firms connect, learn and grow. He’s also the CEO of Blumer CPAs where they serve as an advisory firm for the design marketing and creative agency services niches.

Key Takeaway:

Jason Blumer is the CEO of Blumer CPAs which is an advisory firm for design, marketing, and creative agency services. In this episode, Jason and I dive into the importance of financial guidance for agencies and what small businesses are missing when they don’t have a CFO.

Questions I ask Jason Blumer:

  • [3:35] The virtual or fractional CFO has actually been around for some time – is that a space that you play in or teach people  You know, for some time, is that a space that you play in or that you teach people to play in?
  • [5:08] What are businesses missing when they don’t have a CFO? And what’s the key distinction that a CFO adds?
  • [8:16] Are there things that you find that are just unique to the creative businesses from an accounting standpoint?
  • [11:02] A lot of agencies today have chosen to grow by getting freelancers or third-party services to do certain aspects. Does that muddy up the forecasting, the models, or the accounting?
  • [12:31] When someone comes to you, and they want to scale, is there a certain stage or indicators that show that someone is ready for it?
  • [15:59] What’s the first strategic sort of leadership hire that you think an agency needs?
  • [17:07] I’m seeing more and more agencies talk about growth through acquisition – is that a good way to grow? Is that fraught with lots of challenges?
  • [19:44] Where can people find out more about you?

More About Jason Blumer:

More About The Duct Tape Marketing Consultant Network:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): This episode of the duct tape marketing podcast is brought to you by the salesman podcast, hosted by will Barron brought to you by the HubSpot podcast network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host will Barron helps sales professionals learn how to find buyers and in big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn’t want to do that, listen to the salesman podcast, wherever you get your podcast. Hello, and welcome to another episode of the duct tape marketing podcast.

John Jantsch (00:50): This is John Jantsch and my guest today is Jason Blumer. He’s a co-founder of Thriveal firm that helps entrepreneurial CPA firms connect, learn and grow. He’s also the CEO of bloomer and associates, CPAs, where they serve as an advisory firm for the design marketing and creative agency services niches. So Jason, welcome to the show.

Jason Blumer (01:14): Hey John, thanks for having me. And I’ve been a long time follower, man. So I’m excited to be on the show. I appreciate it.

John Jantsch (01:20): Well, let’s get the CPA, Joe got outta the way, you know, right, right at the top here, entrepreneurial CPAs. I mean, it almost feels a bit like an oxymoron.

Jason Blumer (01:29): Yeah, well we serve a community of them and they’re, I was saying off, off hair, they’re just as weird as normal entrepreneurs and need just as much care. But of course the accounting profession, which I know you’ve served some firms, they are a market that doesn’t quite understand positioning, you know, you know, marketing and things like that. So it’s a tough market. They need a lot of help in building a business. Right.

John Jantsch (01:53): You know, though, I always tell people that to me, there’s such great opportunity there. You know, years ago I started getting, you know, remodeling contractors and plumbers, you know, blogging and on social media and they thought this is the stupidest thing in the world, but it, it was such a competitive advantage for them because nobody else was doing it. You know? So if the ones you could get to do it, you know, really had a great advantage, don’t they?

Jason Blumer (02:16): Yeah, for sure. Well, and I think it what’s even harder is I guess you could get a firm to do some marketing rhythms. You get into habits, but branding and then personal promotion is just even weirder for them. And I think, you know, we serve a lot of the younger generations and they do it really well, but you know, there’s a lot of self promotion in it and it’s hard for firms to get into that. I think.

John Jantsch (02:39): Well, one of the things about that industry or particular or professional services in general is, I mean, trust is a, a really high deal, right? I mean, it’s not like I’m going and buying a refrigerator or something that, yeah, I, you know, I think will work. I, you know, if it doesn’t okay, you know, it doesn’t work, but I’m gonna give somebody my life and my finances and, you know, trust is gonna be a big deal. And so I think that some of the things to build trust, like content and, you know, becoming an ex seen as an expert, I mean, are, are really game changers. I think for, uh, folks that are competing in the professional services business, aren’t they?

Jason Blumer (03:12): Yeah. For sure. And you know, that’s changed over time. I think it used to be the social media would odd. It is now a platform to build trust. You can do it, you know, within, with content, if you do that well, so it’s viable and you know, they’re gonna have to embrace it. And I think it is a, it’s a generational change. Everybody, you know, in different generations faces and struggles with, I think

John Jantsch (03:35): So in the marketing space, the virtual CMO or fractional CMO, you know, it’s become kind of an an end thing, but it, I think the virtual or fractional fractional CFO has actually been around probably more acceptable, you know, for some time, is that a space that you, that you play in or you teach people to play in as well?

Jason Blumer (03:54): Yeah. Yeah, we do that. We do that work. We, we teach others to do that work. And, uh, a think, you know, a lot of things we try to do is actually educate our client base, cuz a lot of people hear that phrase and they’re like, Hey, will you be my CFO? And we’re we, we try to help ’em understand what they’re really trying to purchase from us, which is, you know, that’s part of our job as client educators is to help them know what to purchase. A lot of them, a lot of agencies, you know, some business outsourced or what we would call controllership right. Type work and they call it CFO. And so we kind of have to do some analysis cuz the CFO is generally a pretty high level assessment, you know? And you can outsource that, but you’re typically outsourcing that to somebody who’s been doing it for 40, 30, 40 years. So a lot of times we’ll help, ’em understand they wanna buy controllership work, which is just the, you know, the full on financial cash movement of all of their revenue through all of their systems. Right. And then we’ll obviously need to bring in some technology because we do it virtually. So we, we do it and then we also have to educate to make sure they know buying the right thing. Really.

John Jantsch (05:03): Yeah. Cause most small firms let’s face. It don’t have see anything that’s that’s right. CFO. So, so what are they missing? Because like you said, I mean, so they get a bookkeeper, they get an accountant, what do they miss? What’s the chief financial officer. What’s the like key distinction that they’re adding.

Jason Blumer (05:19): Yeah, for sure. It, it could be a lot of different thing. Some main things are that they do need efficiency in their financial processes. And so if you don’t understand that process, it, any process gets glued up right. And slows you down. But the financial processes, particularly for digital agencies and marketing agencies, depending on how big you are, depending on how fast you’re growing, those can really slog down. And if there’s an inefficient financial process, that’s gonna affect your cash. Very specifically, another thing is analysis, right? So it’s really, you know, you can open up your QuickBooks or whatever you use and there’s just a, a sheet of numbers in front of you. But the analysis of what they mean really is important. And so somebody at a higher level or a firm like ours, we’re gonna offer benchmarks that we’ve created for the agency space that actually produce insights, help them change. They get better, uh, because of what we do. So the, those are some things, you know, a CFO, a controller is going to do that. The agency owner just can’t do, they probably shouldn’t be trying to do on their own. They need that expert, I think.

John Jantsch (06:24): Well, so you make a good point because you know, a lot of people hire accountants and they feel like, yeah, that’s my, you know, I’m getting my books done. I’m getting my taxes right. Done. But it’s kind of rear view here. Here’s what happened. And so in a lot of what, particularly if they’re gonna work with somebody like you or anybody who is working with somebody, who’s got experience in an industry, some of what they really just need is coaching. Right. I mean, here’s how to make decisions about retainers versus project work or yeah. Right. I mean, so it’s not necessarily the chief financial officer, you know, who’s worked at IBM or whatever, you know, type of role. It’s really just some who can coach you through making decisions based on what’s going on. Isn’t it?

Jason Blumer (07:01): Yeah, for sure. And that’s a part of what that CFO can bring is that coaching. And so some of the things, when we do analysis at the same time, the, the insights that it produces, we’ll say you’re doing great. Or you do need to true this up. We were just in an analysis call recently earlier today and we’re like, Hey, you’ve got about 175 grand in labor. You can spend on as a risk without putting you outside of the metric. And that, that just that piece of information you tell an agency owner, they’re like, okay, yeah, that’s two and a half people. I’m gonna go hire ’em now they know. And they know that’s not too much of a risk purchase for labor cuz they know they need new team. And so that’s coaching, it’s saying go do, go get the two and a half people you need. It’s not gonna wreck your company cuz they just don’t know it is coaching.

John Jantsch (07:50): Yeah. Yeah. And I mean, that’s such a great point because I, I think, you know, labor in service industry labor is such a, I don’t know, do I need somebody served? You know, we aren’t getting enough content written, hire somebody, you know, that’s right. But being able to tie it back to objectives and forecasts and whatnot is obviously a piece that many business owners just don’t have the desire or the wherewithal to figure out. Yeah. So are there any things that you find that are just unique to the creative businesses from an accounting, uh, standpoint?

Jason Blumer (08:24): Yeah, I think, you know, and these are there’s, they’re not, you know, hugely, uh, complicated. They do get more complicated as you get larger, but really, uh, revenue recognition is a phrase. A lot of them are trying to maintain. And so that just happens to be that agencies that in large projects that span, you know, three to six months or something like that, how to recognize that revenue on your books is pretty complicated. There’s not really strong software that does that. They try to manage a lot. And a lot of that’s, uh, complex journal entries you’re having to maintain and manage. Yeah. That ties back to like client contracts. There’s not a strong piece of software that we’ve seen. We’ve looked at a few. And so a lot of times we’re teaching them how to do that, what that means, why you want your books, you know, showing revenue only in the that you earned it.

Jason Blumer (09:15): So, and that’s kind of leaning them into the accrual world versus cash reporting. And that gets pretty confusing. So that’s pretty hard for agencies to figure out some other things are capacity management, which is really more of a strategic aspect that we teach a lot in our consulting. And that is what, what levels of revenue, the pace and the cadence of my revenue, what kind of team members do I need? Who has capacity, who doesn’t, how do you plan for capacity, which they sometimes they’ll call that resource management. That stuff is super complicated and they just don’t have ways to do that. We have growth models that teach a lot of the theory so that they understand what they’re trying to do. But those are really two difficult things that revenue recognition and then capacity knowledge. They just don’t have handles on those things really well.

John Jantsch (10:06): And now let’s hear a word from our sponsor. You know, the universe is ever expanding, but it’s constantly adapting to adding solar systems here and there a sprinkle of stars in a black hole or two you to keep things interesting. A HubSpot CRM platform adapts and changes to the needs of your business. So the sky is never the limit HubSpot’s reporting dashboard gives you a satellite view over your marketing sales and customer service performance. So you can get ahead of any issues before they happen. And automated marketing tools allow, have you to create consistent multi-channel campaigns for clear, concise communications and less mixed messages. You can even use email marketing tools to send test and optimize your emails for different devices and inboxes. Whether you’re business is Jupiter or Pluto size, a HubSpot CR platform is easy to implement and ready to scale with you learn more about how a HubSpot CRM platform can help your business grow better @ hubspot.com. So a lot of agencies today have chosen to grow by getting freelancers outside, you know, third party services to do certain aspect. Does that muddy up the, the forecasting and the models and let alone the accounting,

Jason Blumer (11:22): You know, that’s part of their labor mix. It actually is a part of their P and L it’s part of the metrics. Yeah. You know, that we’ll track for ’em. And so, but I, I think where they get in trouble is where they lean and try to scale on a contractor model when really at a certain level eight people, eight to 10, you’re gonna need to switch back to a team model, which is a fixed cost. That’s a higher, that’s a much higher risk when you pull in a fixed cost. But for agencies flexing their re their growth through contractors is always something they have to do, especially in the more complicated areas. So if they, you know, if they do more digital marketing, right. But they have a complicated development that you, you can’t, sometimes you can’t hire a developer, they’re so expensive. They have to flex their growth through that contractor space. So it, it, there it is, it is definitely part of their labor mix is definitely part of their growth. There’s just strategy to it. There is strategy on how to use it and when to leverage it. Yeah,

John Jantsch (12:19): Yeah, yeah. And I think you’re right. I mean, one of the beauties of the world we live in today is you get some project on, I don’t know, some platform that you don’t generally work in, don’t have any expertise and you, you can go out there and buy best of class for one project. For sure. That’s pretty cool. It’s really beautiful. Yeah. It really is. Um, is there like when somebody comes to you and they’re saying, you know, we’re starting to grow or we wanna scale, we know we need to start doing things like, you know, big people, you know, is there like a certain stage, whether it’s revenue, people, you know, that, that you kind of say, yeah, you’re ready for this. Or is it just like, Hey, whatever you’re objectives are, you know, you’re never ready for it. You should do it before you think you are.

Jason Blumer (12:57): Yeah. Yeah. Wow. That’s a great question. It’s a complicated question. There’s probably a lot of things that go into that. We would do a lot of assessment of that leader and their ability to stay real close to their team and lead. We would look at it’s really anecdotal, but team sizes as service based companies. Yeah. Put them in different structures. So a lot of times, if they have, you know, five to eight, they’re gonna, I’m gonna need to see a certain kind of structure to their team. They get, you know, eight to 12, I’m gonna need to see a pretty solid two to three person leadership team that, that are titled in certain ways. So these patterns are things you get from consultants like us. We just see tons of. And so, so we’re gonna look at their team model. I mean, it’s really cool.

Jason Blumer (13:38): I have to having done this for so long. We can pull up their, you know, their team page on their website. We can go, no, they’re not structured. Right. So, and if we hear a revenue number, we know how many people, the structure of the leadership team. And if it doesn’t match up for us, we’re like, okay, we, I think we know some places we want to take you and you just get that, you know, after years and patterns of watching agencies. So if they wanna grow and scale, uh, they’re gonna need to lead team in a certain way. I’m gonna need to see a team structured in a certain way, or they can hire us to do that. We can restructure their team with them, which is really tough or restructure or services team. Sure. Cuz you might move people around retitle ’em and that blows up the whole company.

Jason Blumer (14:22): They’re like, why did Tom get a promotion? And I mean, you gotta deal with the emotional backlash of a lot of the perceptions of the humans in the service organization. So structuring lends itself to a lot of the emotional contextual things that teams, you know, surmise that’s wrong. So we actually have to walk ’em through how to message this, the order of how to message a team structure move. But those are the things you have to do because as revenue paces up, the faster it goes, the team model has to keep up and the processes have to keep up and you need a strong accountable, you know, project manager or traffic manager, all that has to align and grow at the same pace or, or they get broken, they get outta sync. And I mean seen that, you’ve seen people dump tons of revenue and then they just throw people at the revenue and it just blows up their labor metrics. And then everybody just is chaos. Yeah. And you can’t scale a services company in chaos. That is something we’ve learned. You need a lot of clarity.

John Jantsch (15:26): Plus the client experience goes all back too. That’s right.

Jason Blumer (15:29): That’s sometimes the first thing to get down the toilet. Right?

John Jantsch (15:32): Yeah. So, so what’s your limit, like three dogs on the abouts page. Is that the limit for uh,

Jason Blumer (15:38): Yeah.

John Jantsch (15:39): I love no comment. Well, I’m gonna see

Jason Blumer (15:43): One dog on every team page. Right. You got to see that.

John Jantsch (15:48): So listen, you talk about the structure. I’m sure this happens to a lot of founders, you know, they grow and they’ve got a team of six, eight people and everything’s going kind of fine. But then they realize, I, you know, I need a layer, you know, like what’s so in your opinion, I’m sure we could get 10 opinions on this, for sure. What’s the first strategic sort of leadership hire that you think an agency needs.

Jason Blumer (16:11): Yeah. A lot, lot of times it’s a technical hire. And so that’s gonna be somebody that has that technical expertise in that creative work that they may do pretty close is gonna be more operational. Yeah.

John Jantsch (16:24): Higher. That’s what I, that’s what I thought you were gonna say first was the operation.

Jason Blumer (16:26): Well, you know, it, a lot of times, you know, it really depends on, you know, what they’re trying to achieve. So one of those is gonna be a key that they want to invest in. And it’s weird. They normally creative entrepreneurs, a lot of entrepreneurs leave out the operational needs of the company. And so a lot of times they feel overwhelmed and glued and they assume it’s because of the service revenue. But a lot of times it’s what a company takes from ’em. So if they can an offload, a little bit of the creative review to somebody then next in, line’s gonna need to start getting that administrative help kind of getting things humming on the process operational side. And if they forego that too long, it’ll just swallow ’em up. Yeah. Really consume them.

John Jantsch (17:09): It’s probably always been trendy, but for some reason it seems like the last couple year I’m seeing more and more agencies, uh, talk about growth through acquisition. And is that something that you encounter and, and I mean, is that a good way to grow? Is that fraught with lots of challenges? Yeah.

Jason Blumer (17:25): Well I guess probably any, any type of growth is risk, right? Yeah. And we know, you know, entrepreneurial endeavors don’t really move forward without risk. So it is some you’re always gonna have to take acquisitions are pretty tough, you know? Yeah. That’s a pretty risky move. A lot of times people, they, they just think about, wow, I’m gonna get all of this revenue and some great team. Yeah. Uh, they’re gonna come in, but ultimately you’re gonna want ’em to operate the way you operate. And so cultural clashes are really a bigger deal than I think they, they plan for. So we’re working on some mergers right now and we’re man, we’re gonna do a lot of teamwork, tons of teamwork, team analysis, just figuring out what they all think, leading a retreat to bring them all together, making the, a, all of these things are really done in certain orders so that their questions are answered. You know, because teams really start to develop. Gossip comes with teams that are not informed or told the things they need to make sense of. They

John Jantsch (18:23): Gotta, they gotta make up their own stories. Right?

Jason Blumer (18:24): Yeah. So they make up their own story and then they get that approved by the person in the cube next ’em. And so gossip en Sue. So, but great leaders will feed that will give them the right information. They need to make sense of their cultural joining and why. And then they cuz teams to grow. They have to all move and sink and they have to, you know, row the boat in the same direction. And when they’re not, you can’t really scale that kind of organiz. So acquisitions are they’re, they’re tricky. They are, they do work. They are good to do. Just like adding a partner is pretty tricky, but it does work. You need a lot more care to do it.

John Jantsch (19:01): Yeah. I, I think we’re, it, it seems to have some real interests and opportunities when you’re actually acquiring something unique. Like if some were, were going to acquire your firm, they’re going to be picking up more than a book of business. They’re gonna be picking up all the stuff you’ve built, the memberships, the, the SOPs you’ve built that are really unique. So I think if you can find an op an opportunity to acquire a framework or acquire something that, that I think, you know, probably would make it better than just acquiring customer list.

Jason Blumer (19:33): That’s right. Yeah. Yeah. And I think, you know, traditionally just getting a customer list is what most people would want, but you’re right. It’s the internal workings. That’s really where the value is. I think we, a lot of people are starting to realize that yeah. You know, a lot of books are written about that. You’ve written about that. So yeah, that’s definitely the way to go.

John Jantsch (19:50): So tell people where they can find out more about, and again, maybe give kind of the two minute, like here’s all the ways in which you could engage us. Cause you know, it is not just simply a matter of saying, can you do our, can you look at our P and L that right. A lot like deeper.

Jason Blumer (20:03): Yeah. We, yeah. As unlike most firms and we consider ourself a, you know, a CPA firm devoted to the digital agency space, but we do a lot of insulting and coaching. So I do a lot of speaking and writing Jason blumer.com is a place that lists all the things I’ve done. But then our one site BL CPAs, CPAs can lead you to a lot of things. We do. We’ve had a business podcast for 10 years on the BL side and then thal, which is a weird word we made up. So it’s the word thrive. And then add thriveal.com is for, we teach, uh, CPA firm entrepreneurs, how to build and scale businesses and agencies and entrepreneurs that run firms, CPA firms. They’re very similar, right. They’re service based organizations. So right. And then the thrive cast is another podcast I’ve been running for 10 years on the th rival side. So we have two, I run two businesses. So, you know, with my partner. So there’s a lot of things we do. And you can find us on YouTube too. So just search thrival or Blumer or CPAs and you’ll find us awesome.

John Jantsch (21:09): Well, Jason, I appreciate you stopping by the duct tape marketing, uh, podcast. And hopefully we’ll, uh, be able to run into each other one of these days out there

Jason Blumer (21:16): On the road. Thanks so much, John. It was an honor to be here. I appreciate it.

John Jantsch (21:22): All right. So that wraps up another episode. I wanna thank you so much for tuning in and you know, we love the, those reviews and comments. And just generally tell me what you think also did you know that you could offer the duct tape marketing system, our system to your clients and build a complete marketing consulting coaching business, or maybe level up an agency with some additional services. That’s right. Check out the duct tape marketing consultant network. You can find it at ducttapemarketing.com and just scroll down a little and find that offer our system to your client’s tab.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and WorkBetterNow.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 

How To Truly Embrace Change And Build Long-Term Resilience

How To Truly Embrace Change And Build Long-Term Resilience written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Adam Markel

In this episode of the Duct Tape Marketing Podcast, I interview Adam Markel. Adam is a best-selling author, keynote speaker, and resilience researcher. He inspires leaders to master the challenges of massive disruption in his upcoming book, Change Proof: Leveraging the Power of Uncertainty to Build Long-Term Resilience.

Key Takeaway:

When we think of resilience, we think of being able to “roll with the punches” and “bounce back” after uncertainty or change. But resiliency expert and bestselling author Adam Markel encourages you to aim higher. This kind of resilience—thriving versus surviving—is a skill you can cultivate, both personally and professionally. In this episode, we discuss how to truly, actually embrace change—to find the creative opportunity in uncertainty, as opposed to simply riding it out or reacting to it.

Questions I ask Adam Markel:

  • [1:33] How would you define resilience?
  • [2:36] Is resilience often confused with perseverance?
  • [5:40] What does “Change Proof” mean in the title of your upcoming book?
  • [8:23] Are you suggesting that stress needs to be a part of our daily practice in some way?
  • [13:39] How do you embrace hope when you’ve been mentally drained from the last couple of years?
  • [19:42] You talk a lot about how you can’t think big without having your basic needs met and one of the tools you talk about is gratitude for helping people – would you dive into more of what you mean by that?
  • [24:16] Where can more people find out about your work and pick up a copy of your book?

More About Adam Markel:

More About The Certified Marketing Manager Program Powered By Duct Tape Marketing:

Like this show? Click on over and give us a review on iTunes, please!

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and WorkBetterNow.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 

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Helping Entrepreneurs Buy And Sell Their Agencies

Helping Entrepreneurs Buy And Sell Their Agencies written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Amanda Dixon

In this episode of the Duct Tape Marketing Podcast, I interview Amanda Dixon. Amanda is the Co-founder at Barney an M&A firm that specializes in the digital marketing space. She’s also a Forbes 40 under 40 award recipient.

Key Takeaway:

Selling your agency in the digital space can be a hard area to navigate. Amanda Dixon found it difficult to find an M&A advisor who understood that landscape when she went to sell her own business. Since 2015, her company, Barney, has guided over 150 media, marketing & tech companies through acquisitions. In this episode, she’s sharing how she’s helped many entrepreneurs buy and sell businesses.

Questions I ask Amanda Dixon:

  • [1:14] What’s the story behind your company name?
  • [1:57] Could you tell us about your origin story and how you got started down this path?
  • [2:55] Is there anything unique to the digital agency space or the digital space in general when it comes to selling in comparison to a company with tangible assets like a roofing company for example?
  • [3:54] If someone stumbles upon you and what you do, and they’re ready to sell their agency, what is the first step?
  • [5:00] How do you put a tangible value on digital assets like a methodology or framework?
  • [6:33] Is there a way to value future growth?
  • [7:47] Is there a right time or right size or sweet spot for agencies?
  • [10:25] Are you seeing anybody selling parts of their companies rather than an entire acquisition?
  • [11:19] A very common model today is people are outsourcing a lot of the implementation fulfillment, does that make it actually harder to sell?
  • [12:00] Could you talk a little bit about the consultant versus agency model – is that harder to sell?
  • [14:12] Do you have a success story that you can share?
  • [16:06] Does hiring an advisor also come with a team of legal and financial advisors? Or do you have to find that outside of an advisor?
  • [17:49] Have you ever experienced a transaction where a Founder sold the company to their existing team?
  • [18:35] Could you tell people where we could find you and your work?

More About Amanda Dixon:

More About The Duct Tape Marketing Consultant Network:

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John Jantsch (00:00): This episode of the duct tape marketing podcast is brought to you by the sales podcast, hosted by will Barron brought to you by the HubSpot podcast network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host will Barron helps sales professionals learn how to find buyers and win big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn’t want to do that, listen to the salesman podcast, wherever you get your podcast.

John Jantsch (00:47): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch and my guest today is Amanda Dixon. She’s the co-founder at Barney, an M & A firm that specializes in the digital marketing space. She’s also a Forbes 40 under 40 award recipient. And we’re gonna talk today about helping entrepreneurs buy and sell their agencies. So Amanda, welcome to the show.

Amanda Dixon (01:11): Thanks for having me, John. This is great.

John Jantsch (01:14): So I have to start with the name. So, you know, I, I have kids that are in their thirties and I’m envisioning a purple dinosaur that I did a a lot of watching with, but I guess there’s also Smith Barney, which is certainly in the finance space, but I’m sure you have and Barney

Amanda Dixon (01:29): The store.

John Jantsch (01:29): Oh, right, right, right. So, so hopefully there’s a story or I’m guessing there is, you

Amanda Dixon (01:33): Know what, there is not a story, but I need to make one up because everyone asks the story is we needed a name and a domain. And I think it was $14 on GoDaddy. So that’s what we ended up with corporate, but playful.

John Jantsch (01:49): Yeah. Yeah. We are barney.com in fact, was the URL that you secured. So your origin story, at least I dove into a little bit is you were like a lot of people, you had something you tried to get something done and couldn’t so you thought, oh, go do that myself. So yeah. You had an agency and, and sold that agency or, or somehow related. Uh, tell me a little bit about

Amanda Dixon (02:12): That story. Exactly. Yeah. Not necessarily marketing services, a tech platform that, that sold and the process, this was seven years ago. The process to sell was brutal. I was pregnant with my daughter time. So there was a definitive end date when I wanted this process to be done. And I understood a really tough time finding representation that understood the digital space. And also, you know, was it gonna charge me a $50,000 a month retainer for me, the dollar amount of the transaction was so life changing, but for the markets and for the large scale M and a world, it wasn’t a blip on the radar screen. So yeah, I just recognized, gosh, there’s this huge gap above a business broker below an investment banker. That’s just living in, uh, no man’s land.

John Jantsch (02:55): I, is there anything unique to the marketing space, the digital agency space or the digital space in general, that kind of makes, you know, a disconnect between people that are also selling, you know, roofing companies a hundred percent.

Amanda Dixon (03:10): Yeah. I mean, in the agency space, there’s no tangible assets. You’re selling relationships with people. You’re selling your culture, you’re selling your client list, you’re selling your business model, but that’s it, you have no tangible also, you know, agencies, don’t typically service clients in a localized market. Agencies can service clients all over the world. We may see them niche down based on the type of industry that they’re in, you know, that they specialize in. They may just do PPC or just do SEO or just do creative, but they’re all over the, the country. So we just found that folks that do know how to sell construction companies on a localized, on a localized scale, just don’t have the buyer pool to attract a national, you know, a national buyer who’s interested in the digital ecosystem.

John Jantsch (03:54): So let’s say somebody stumbles upon you and what you do, or somebody tells them about what you and their first thing is. Okay. I’m, you know, I’m ready to sell my, what do you have to know? What do you have to start unpacking? Yeah. To really cause I, everybody wants to sell right. Everybody. Overvalues what it’s worth expects the big pay day. So, so how do you have to start walking back to reality?

Amanda Dixon (04:15): Yeah. So I always joke with people, but it’s one actually 100% serious. My job here in and our team’s job is really to set realistic expectations across the board with buyers and with sellers. So the first thing we do is we’ve gotta get on the same page with evaluation as a firm, we will always do evaluation at no cost to just get on the same page and say, this is what your business is worth. Sometimes we’re way over sometimes we’re way under with what they’re expecting. Sure. But nonetheless, that step one, we do that before there’s ever an engagement because it’s a lot of time to get these sold and anyone who knows how the, the MNA space works. We, we don’t make any significant money until the business is sold. We’re not in the business of just listing and having it sit. So step one is getting on the same page evaluation.

John Jantsch (05:00): So how, because there are no tangible assets, obviously it’s a lot easier to sell a building, you know, as part of a thing. Right. So because there are quite often are like three laptops and, you know, four cell phones as, you know, the tangible assets. I mean, how do you end up putting some, something that is intangible that is more than like, you know, a, a multiplier of revenue, because there are some people that have created a methodology that have created a framework that have created something exactly a way to actually get, you know, leads. Exactly. I mean, so how do you put a tangible value on those things that maybe actually haven’t realized their opportunity?

Amanda Dixon (05:36): Exactly. Yeah. So if the business is returning net income, profit, EBIDA at the end of the year, it is absolutely worth something right to the right buyer, right? So just like with any other business, uh, in the agency space, the more profitable you are, the higher your valuation outside of the financials, there are some components that are unique to the agency space that go into, uh, what affects the valuation. Multiple, those multiples can range between typically two to 10 X, two to two times, or up to 10 times of your bottom line number. Some of those other factors could include the type of revenue that you have or you project based, or your clients paying you on a re current retainer, the size of your clients. Are they all SMBs small businesses or do you have enterprise really big clients? Yeah. What does your sales and marketing team look like? Do you have a leadership team? All those things go into, you know, setting what that, that valuation is outside of just the financials.

John Jantsch (06:33): Okay. Let’s say you’re talking to somebody who has had like 300% growth three years in a row. So there’s still only, I don’t know, 5 million. Right. But somebody looks at that and says, you’ve cracked something, you know, you’ve like in 10 years you’re gonna be a 50 million business. I mean, is that, is there a way to value future growth?

Amanda Dixon (06:52): Yeah. Great point. So in the agency space, one of the atypical features of going through an M and a transaction, and this ecosystem is we just typically use a trailing 12 P and L we are looking at three years of PNLs, but the reality is agencies can grow a hundred, 200, 300% year every year. It’s not, you know, atypical. So we look at a trailing 12 number for retainer based agencies. If they’ve got a model down for getting new business, right. And their last month of MRR is higher than the average of, you know, what the previous years sure. We’ll give credit for that buyers sometimes push back a little bit, but we will absolutely give credit for projections. It depends on the time of year two, if you’re midway through the year and you’re projecting out the current year, it it’s an easier, you know, case to make to a buyer than if you’re finishing up, you know, 20, 21. And you’re saying, but 20, 22 is gonna end up double hard to do evaluation off of that.

John Jantsch (07:48): Is there a right time or a right size? And maybe it ha has to do with like, what are your objectives in life? You know, but you know, is there such a, like, do you get too big? Do you get like too clumsy? I mean, I, I wonder if you look at agencies and go, yeah, this is like the sweet spot.

Amanda Dixon (08:06): Yeah. So the easiest agencies to sell are between five and 15 million. Okay. And that’s BEC and, and in total deal value. So that puts you at EBIDA right. O starting right at about a million. Once you hit a million in E you are significantly less risky to buyers. Now we sell lots of agencies that are smaller, but once you hit a million, anybody you’re significantly less risky to buyers, you’re now valuation is, you know, five to 6 million or higher, which then becomes real life changing money for folks. So once you have that million, but that’s a, it’s a great time to think about the conversation. We typically cap out somewhere in 7 million and it’s 7 million in EBIDA just because there aren’t that many agencies that are that size that haven’t already gone through a transaction, the, the five to 15 range. There’s just so many more buyers. When you get above 20, 25, 30 million, the buyer pool decreases and you lose the strategic buyer. Yeah. So strategic buyers or other agencies that are looking to bolt on a smaller yeah. Uh, those types of buyers, founders love because they understand the culture, they get the, you know, what it takes to be successful in the agency space. And they’re not just making decisions based on financial returns. So, you know, I’d sell on that five to 15 range, but again, to each a zone. And

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John Jantsch (10:26): to that point you just made do people, um, are you seeing anybody selling parts that, you know, it’s like, Hey, I, we I’ll just throw out an idea. We, we need a team of, you know, YouTube, you know, averages experts or social advertising experts. And we don’t have that. So we want to acquire a firm that just does that as kind of a part rather, you know, sort of an AC acquisition hire.

Amanda Dixon (10:49): Yeah, exactly. So we see buyers do that all the time, and that’s what strategic buyers do. You could be a really great, like e-com web dev shop and say, okay, we need performance marketing to drive eCommerce leads to our clients. We develop these great products, but we’re not able to drive traffic to them. And our clients are asking for that. So that’s really what strategic buyers are doing in this ecosystem. Sellers are not typically ever selling just a part of their business though, are really selling the whole thing.

John Jantsch (11:20): So talk to me a little bit about how hard it is. If you know, a very common model today is people are outsourcing a lot of the implementation fulfillment. So does that make it actually harder to sell because you don’t really own that part of it?

Amanda Dixon (11:33): Yes and no. So if your project based agency and cash is challenging to manage, and the way that you work through that is by outsourcing, keep doing it because bringing in house and then having cashflow issues are not being profitable because you’re overstaffed for projects is worse than having outsourced labor. If you retainer based, no, bring those people in house. There’s no reason to, you can scale up if you’ve got the, if you’ve got the retainers,

John Jantsch (12:01): Talk to me a little bit about the consultant versus agency model. I work with a lot of, of consultancies, or at least that’s kind of how they refer to themselves, who I think are, are strategic. They’re providing more strategy and not necessarily fulfillment is that, it, it, I, I do think a lot of times that is a harder model to sell because it is typically, you know, even if it’s a $5 million firm, it’s typically about the people that they’re buying or the people’s relationships or the people’s knowledge is that hard to sell than fulfillment engines.

Amanda Dixon (12:36): You know, it’s interesting the market shifts, right? Like every market does the agency M and a market shifts too. We’ve seen over the course of the last couple of years, large agencies realize they need a seat at the strategy table. Yes. To do the fulfillment. So large agencies and financial buyers are saying, okay, we need to bring on management consulting, whether it’s just around sustainability or diversity equity inclusion, or whether it’s around just branding, the strategy piece has become a very desirable because oftentimes strategy is backed by data. And, and so have yes. Having a seat of able when you’re in the C-suite, which those folks typically are, it, it is valuable. I wouldn’t say it’s harder. Uh, just the buyers are a little bit

John Jantsch (13:22): Different. Yeah. Well, that makes a lot of sense though, because I mean, one of the things that’s going on in the world of fulfillment is you probably know is it’s sort of a race to the bottom financially. Yeah. You know, I can get a website or somebody will promise to develop a WordPress for me for 500 bucks. I mean, I who’s to say exactly what it’s gonna be exactly. But I think it’s gotten tougher to sell hasn’t

Amanda Dixon (13:40): It? Exactly. Well, and look at what happened in the influencer agency space. Yeah. Influencer agencies 5, 6, 7 years ago, were making a killing. They were brand new. Yeah. Uh, you could be just a standalone influencer agency. Now with the rise of the influencer tech feels like a little bit of a race to the bottom. And some of those agencies are really struggling to, you know, remain profitable.

John Jantsch (14:01): Well, that happened 10 years ago, social media, only agents. Exactly. You know, and then all, all of the general agencies figured out Twitter’s not actually that hard. We could just do that for them. Can’t we, do you have a success story or two that you, I’m not sure how much you can divulge in terms of names and dollars, but do you want to talk about something that you put together maybe that could give an, an people an idea of the value of really going to somebody who specializes?

Amanda Dixon (14:29): Absolutely. Well, uh, there’s, there’s no question that whether it’s us or someone else, everyone going through this process needs to have an advisor on their side. There are a lot of idiosyncrasies that go into an M and a transaction. So the, the historical data, you know, and part of the trade organizations for M and a groups is that nine and 10 businesses that are listed, never sell. And our ratio of, of sale sales is exactly the opposite. We sell 90% of what we bring on, and that’s mostly because we’re, we’re hyper nation this space and really understand the business and the buyers. But the other side of that is, you know, you just need an advocate to guide you throughout the process. So success stories for us are, you know, abundant, we get to help people change their lives every day. Right. So, you know, as we look at, at our business and, and really the purpose behind that, we really stick to that core value in that, you know, everyone that we’re able to get across the finish line is forever grateful to us.

Amanda Dixon (15:25): It’s like getting married, having a baby and, you know, selling your business. Most of the most people tr trying, just do that, that once. Um, so yeah, I mean, success stories for us live in, in the stories of our clients and the happiness that they feel and the, you know, the phone calls and the text messages and the, you know, the email and the press about a, a close transaction and someone’s life changing. And the, you know, it, it’s not just the phone. It could be the key employees that are minted as millionaires at those, the time of those transactions, or, you know, they go on to a much larger ecosystem and continue to do great things. Those, those are all, you know, wonderful times of this business. So

John Jantsch (16:06): We’ve talked really, or, or at least I think all we’ve really talked about is the idea of, you know, having a advisor, but does that advisor come also with the, the legal aspects and the financial advisors and the cuz, uh, you know, somebody let’s say somebody has a successful transaction and they, they walk away with two and a half million dollars, you know, before their earn out or whatever. I mean, all of a sudden they’ve got, I hate to say their problems, but they’ve got different problems. Right. I mean, so are you really hiring a team with your organization or is it more like, oh, we tell people they need to get all those people.

Amanda Dixon (16:41): Yeah, exactly. Sorry. I was,

John Jantsch (16:43): Yeah. I, I tried to extend my question because I could tell you, you were struggling. Could you

Amanda Dixon (16:48): See me struggling? I’m muted for a minute. Sorry about that. Yeah. So we really try and do all of that in house. Folks still need to have their own counsel yeah. To go through the process. They need to, you know, the buyer produces closing documents, but at the end of the day, every seller needs to have a, you know, an attorney on their side who can help review those documents. It’s part of a law firm. We have an amazing house council who helps with that process and, you know, will help guide the due diligence process. But ultimately the, the sellers do need to have, you know, an attorney. Yeah. Outside of that, I mean, we’ve just got an amazing team of people that come from the finance industry, but then folks that don’t, um, people that come from the agency space, people that are entrepreneurs and, you know, our job is to handhold throughout this, what can be a very stressful, emotional process. And, you know, there’s various components to that from financial to, to legal and, and some of it’s just emotional therapy. All right.

John Jantsch (17:48): So one last question, cuz we’re gonna run outta time. Have you ever experienced a transaction where a founder sold the company to their existing team?

Amanda Dixon (17:56): No, that’s always that, that in some cases has been a scenario that people think they want to do, but then when they realize that there are other opportunities for their team, that could be better and could be yeah. They realize that that’s probably not the best option for anyone.

John Jantsch (18:12): Yeah. It probably, it would probably be rare to have, uh, in many cases, a team that’s even a, something they want.

Amanda Dixon (18:18): Right. Yes, exactly. So that, yeah, we find that, yeah. We find that a lot that, that folks that are, you know, senior leaders at the team don’t want to, you know, own it, they’re happy, you know, kind of in the real that they’re filling and excited to go join a larger ecosystem.

John Jantsch (18:32): So short of looking for the purple, uh, dinosaur, could you tell people where we could find you Amanda and your work? Yeah,

Amanda Dixon (18:39): Yeah, exactly. Yes. LinkedIn is a great place to reach me, Amanda Dixon and our website. We are barney.com.

John Jantsch (18:46): Awesome. Well, Amanda, thanks so much for stopping by. This was a great conversation and uh, hopefully we’ll run into you one of these days out there on the

Amanda Dixon (18:53): Road. Awesome. Thanks John. All

John Jantsch (18:56): Right. So that wraps up another episode. I wanna thank you so much for tuning in and you know, we love those reviews and comments. And just generally tell me what you think also did you know that you could offer the duct tape marketing system, our system to your client and build a complete marketing consulting coaching business, or maybe level up an agency with some additional services. That’s right. Check out the duct tape marketing consultant network. You can find it at ducttapemarketing.com and just scroll down a little and find that offer our system to your clients’ tab.

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How To Create A Brand Name For Your Company

How To Create A Brand Name For Your Company written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Rob Meyerson

In this episode of the Duct Tape Marketing Podcast, I interview Rob Meyerson. Rob is a namer, brand consultant, and principal and founder of Heirloom, an independent brand strategy, and identity firm. He also has a new book: Brand Naming: The Complete Guide to Creating a Name for Your Company, Product, or Service.

Key Takeaway:

A name is one of the first, longest-lasting, and most important decisions in defining the identity of your company, your product, or your service. Rob Meyerson is a professional namer and brand consultant. In this episode, Rob is sharing what makes a good (and bad) name, his process for identifying a name, and his best-practice methodologies.

Questions I ask Rob Meyerson:

  • [1:13] Was there a special process for coming up with your company name – Heirloom?
  • [3:52] You’ve worked with a lot of pretty big names in your career – would you say that this idea is equally as important for a small business as it might be for a division of a Fortune 500 company?
  • [5:20] Are there attributes from a general perspective that your brand name should have?
  • [6:55] How important do you feel it is for a name to evoke some sort of emotion?
  • [7:50] How do you measure if a brand re-name or re-focus is successful?
  • [9:41] Do you have any kind of favorite brand success stories?
  • [14:42] Is the risk versus reward worth it with made-up names or is it simpler to define what you do in your name?
  • [17:21] How does your brand naming process work?
  • [20:15] Given the fact that you mentioned that time will tell whether or not you chose a good name – is there a gut-wrenching moment where you all decide to move forward with a brand name?
  • [21:20] How important is it that the dot com name is available?
  • [22:46] Where can people find out more about your work and get a copy of your book?

More About Rob Meyerson:

More About The Certified Marketing Manager Program Powered By Duct Tape Marketing:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): This episode of the duct tape marketing podcast is brought to you by the Salesman Podcast, hosted by Will Barron brought to you by the HubSpot Podcast Network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host will Barron helps sales professionals learn how to find buyers and win big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn’t want to do that? Listen to the Salesman Podcast, wherever you get your podcast.

John Jantsch (00:47): Hello, welcome to another episode of the duct tape marketing podcast. This is John Jantsch. My guest today is Rob Meyerson. He’s a name brand consultant and principal and founder of heirloom an independent brand strategy and identity firm. He’s also the author of brand naming the complete guide to creating a name for your company, product or service. So welcome to show

Rob Meyerson (01:10): Rob. Thanks so much happy to

John Jantsch (01:12): Be here. Okay. So when you’re in the naming business, you put a target on your back for the name of your company. So I wonder if you’d, uh, kind of go through, was there, was there a special process for coming up with heirloom?

Rob Meyerson (01:26): Yeah, of course. I went through, um, my recommended naming process and took a little bit of my own medicine. And I’ll tell you, it was a really good learning experience because after doing that, I felt like I was that much more in touch with what my clients feel, the, the pain that they feel, frankly, in making that decision. So I, I knew early on, I didn’t want to just call it Myerson consulting or Rob Myerson branding. That is something that makes sense for a lot of people yeah. That go out on their own. But I, I liked the, the sort of sense of scale that a brand name could imply. And, and I had aspirations at the time at least of kind of growing into that. Yeah. Um, and I also just felt like as a namer, I should probably go through the process. So yeah.

Rob Meyerson (02:07): I developed hundreds of ideas. I put them through legal pre-screening hundreds of them were not available. there were a ton of agencies out there and almost every word or phrase, right. Or combination of words that you can imagine is some agency somewhere and so wanting to do it. Right. I, I, I killed a lot of great ideas, but I really liked heirloom because, uh, it, it speaks to how I think of brands, you know, an heirloom is something that has value for, for intangible reasons, right? It’s your father’s watch or something like that. So even though the watch might only be worth a hundred bucks, it’s priceless to you because of the story behind it. And I think that it’s a nice analogy for, for brands. It, it sort of adds intangible value to a product or a company.

John Jantsch (02:50): So the original name of my company I started 30 years ago was to your point, Jan communications, you know, very, uh, sexy sounding people thought I sold, uh, phones or long distance service or, and so in 2002 back when you could actually still get URLs, I came up with duct tape marketing, and I will tell you that the brand name has served me extremely well. I gave it about 10 minutes of thought. So I’m not going to be very good subject for you. I, I say that, but kiddingly, but I , it just struck me as the perfect metaphor for the clients I was serving and I’d served them for 10 years. So in a lot of ways, I’d probably been thinking about that idea, you know, for 10 years, which is probably, probably not giving myself credit for .

Rob Meyerson (03:31): Well, no, I mean, so many of the best creative ideas, not just names come from that sort of in the back of your mind population. That’s a lot in the book when I talk about how to, how to do this, how to have creative ideas, how to do that generation phase. So much of it is about how to stop focusing on this specific challenge and let it pop into your mind while you’re doing something

John Jantsch (03:52): Else. So you have in your career, worked with some pretty big names and certainly in consulting have worked with some pretty big names. What would you say that? So, so, so I, most of my listeners, many of my listeners are small business owners. Would you say that this idea is equally as important for a small business as it might be for, you know, a division of a fortune 500 company?

Rob Meyerson (04:13): Yes, I think so. The name is really your, your first and I think best opportunity to, to harness the power of language, which if you think about it for a few minutes is quite powerful. It impacts us in our person lives on a daily basis. It impacts our perceptions judge books by their covers, so to speak. And so, uh, if you want people to have certain impressions of your business or your product from the very get code, the first time they hear about it, then you should put a lot of thought into the name. There are aspects of the process that are more applicable to those big fortune 500 or big, you know, whether it’s B2B or B2C. I think there are things that maybe are weighted a little bit differently, but the overall importance and process is very

John Jantsch (04:54): Similar. Yeah. They may have a family of brands or they may have some, you know, some standards that they need to kind of adhere to. So yeah, the obviously, but it is amazing how often I will run across companies and they they’ve just kind of picked it maybe because they saw other people doing it or using it in their industry. And, and when you really start trying to do some positioning around their marketing and things, it’s like, people don’t even know what you do, you know, based on the name. So let me ask you that. I mean, are there attributes that, that while every case is unique, are there attributes that you say, well, generally speaking, it should have, you know, this or, or should feel like this.

Rob Meyerson (05:32): Yes. Uh, although I really like the way you phrased the question, because I think one of the, the big mistakes people make, uh, is thinking that there is some checklist that they need in order to have a perfect, the brand name. And there really is no such thing because it’s so context dependent, the way I like to frame it is to think about names through three different lenses, creative, which is pretty clear, you know, you want a name that’s memorable or distinctive catchy in some way, but also strategic. And this is where I think a lot of small businesses miss the mark. So think about what your competitors are named, think about what kind of meaning you’re trying to convey through the names. So it’s not just about being funky and creative. It’s also about yeah. What it means or doesn’t mean. And then lastly, technical, which is sort of the logistics, another place that people often make a mistake, is it gonna be legally available? Is it gonna cause you linguistic problems in other, you know, not just other countries, but even locally, if you have a Spanish speaking community in your, uh, city yeah.

John Jantsch (06:31): In your name means goat, dun some other language,

Rob Meyerson (06:35): Right? Yeah. Yeah. So checking and doing all, you know, checking all of those things is, is critical. So in the book I do list nine different things, three in each of those three categories, but I think it’s, it’s more important to sort of think just about those three areas, creative, strategic, and technical, and, and make sure that you’re doing your homework and considering all three, how important

John Jantsch (06:56): Do you feel it is for a name to evoke some sort of emotion?

Rob Meyerson (07:02): I think again, it depends. I know it’s a boring answer, but it can be extremely powerful. I mean, what, one of the most important things I think about for, for any name and almost any scenario is memorability. That’s a pretty universal trait of a good brand name. There, there are occasions where it matter as much, but generally if you’re naming a company or product, you just want it to stick in people’s mind minds like duct tape marketing. And, and one of the, I mean, one of the most powerful ways to make something memorable is to have people attach an emotion to it and it makes them laugh. It makes them smile. And it’s nostalgic. Those things really creates sort of hooks in into your memory, that, to do it another, you know, there are more superficial ways to do it, make it rhyme, right. Um, you know, use alliteration and any of those things could, could be a big help

John Jantsch (07:49): As you do this. You have, you know, you, you help a brand maybe re rename or refocus. Um, how do you measure if it was successful? You know, obviously there be the gut feeling like, oh, that sounds good. Or people seem to like it, you know, all our stakeholders are in, but, but ultimately what may successful.

Rob Meyerson (08:07): Well, yeah, that’s one of the hardest things about, about it, a naming project and about so many creative services. Yeah. I think one of the reasons it’s hard is because you have to give it time. And so I often go back to clients, you know, they, they may be ecstatic when it launches or frankly, sometimes they’ll have real doubts in reservations and they’ll push ahead, um, bravely, but either way, I like to go back six months or a year later and ask what the experience has been. And if it’s been successful and nine times outta 10, or even more than that, especially in those cases where people have the, those doubts, they’ll say, you know what? The doubts were unfounded a year later, we can’t imagine this having been called anything else. And that’s a pretty that that’s not necessarily me touting my, my brilliance. It’s, it’s sort of human nature. Yeah. That as you use a name for something day after day for a year, it just starts to feel so natural. And sometimes it’s really, really hard to see that on day one.

John Jantsch (09:01): Yeah. Sometimes maybe if the immediate reaction is like, I love it. It can be bad. It can fade. Right. as opposed to becoming

Rob Meyerson (09:10): Stronger. Yes. And often the, that reaction can be the result of it sounding like something else that’s already out there. Yeah, yeah, yeah, yeah. You know, it sounds like apple. And so I like it, but you know, really, should you sound like apple or should you, should you be something, uh, else

John Jantsch (09:26): I, I always, this is a silly analogy, but I was, I always used to love, you know, I’d get an album from an artist that I really liked and it was like that first song and I just loved it. I loved it of it, you know, like first play and then like, I couldn’t stand it a couple months later. And it was like the deep tracks that lasted with me, you know? And I think this a little bit of that. Do you have any, I know you have lots of, uh, stories in the book about brands and, and the process. Do you have any kind of favorite success stories? That’s, that’s part a of the question. And then of course these won’t be any of your clients, but do you have any bombs too?

Rob Meyerson (09:56): Yes. Uh, yes. And yes. Well, I’ll, I’ll go sort of historical, I guess. Cause, cause I have favorite brand names from, uh, literally centuries ago and, and some, um, more recent Kodak I think is just a great brand name. It’s one of these strange things where, and I’m, this is not necessarily the way to do it these days, but George Eastman liked the sound of K. He liked that strong K sound and he just wanted to make up a word that contained that and came up with Kodak and it’s, it works so well because it it’s lack of meaning is partly its strength in that it could work for just about anything. And adaptability is, is one of those factors that I mentioned in the book of a strong brand and, and, you know, it’s, it’s survived as much as that brand has addeds up and downs.

Rob Meyerson (10:40): That’s a name that is, is still very much a household name and they’ve done a good job protecting it as well. You know, a lot of names that old have become what’s called genericized, you know, zipper and escalator used to be brand names, but they became just everyday words. People lost couple Kool-Aid. Yes. Kleenex is, is at risk of that and bandaid. So that’s a great one. Uh, you know, more recently there’s a carbonated CBD beverage called recess. Mm-hmm and I just love that band. So that’s the opposite of Kodak and that it’s a real English word and I love the associations talk about out an emotional, uh, trigger there. You know, it just makes me think of the playground in third and fourth grade and the sort of fun of that. And I think the beverage is positioning itself as fun and, and relaxing and things like that.

John Jantsch (11:30): I actually kinda like those words that have, um, multiple meanings, you know, it’s like, they it’s like, okay, yeah, this is re recess, but it also, this might not be what they were after, but it’s, it’s kinda like the recesses of your mind or something, you know? I mean, so that may not have been what they’re after, but you know, I love, well,

Rob Meyerson (11:48): Well, it’s also, it’s, it’s also the break, whether it’s a break from school or a break, like court court goes to recess as well. Right. Yeah. And so that idea of just taking a little break is, is nice. Yeah. Yeah. Some of the horror stories out there, the one that I pick on the most honestly is, uh, trunk, which was a somewhat short-lived abbreviation, although it was the official name for Tribune online content. So the T R O N C . And I think the worst thing about it, and this is subjective, but it just sounds like something gross or best silly, you know, it’s unlike Kodak, it’s meaninglessness. I think it, it doesn’t work well for it. They took something that did have meaning Tribu online content a bit boring and, and just erase them meaning by coming up with this esoteric abbreviation. So I just think the combination of ugliness and, and lack of meaning is, is a real failure. A lot of the, the naming kind of failures, you may not even see because the issue with them is the legal aspect. Oh yeah. Occasionally you do see this where companies have to change their name because of a legal problem. And that’s, that’s one of the worst case scenarios and, and it’s, you know, the names may be great. Otherwise you may think, oh, that’s a, that’s a really cool creative name, but if they end up having to change it, that’s probably a lot worse than if they just had a sort of board.

John Jantsch (13:11): Yeah. That’s I know that’s happened to a few franchises, you know, where they, they were just a local mom and pop thing that wanted to go nationwide and all of a sudden it’s like, oops.

Rob Meyerson (13:19): yes, yes, yes. Back to your question about whether it’s important for local businesses.

John Jantsch (13:24): I think so.

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John Jantsch (14:21): So it seems like one of the riskiest plays is the made up word, you know, because it doesn’t mean anything. You have to invest a lot of energy in making it mean something, but it seems like the rewards sometimes is really big too. I, I mean, even if you use apple, I mean, apple means so as a word, but it certainly doesn’t mean anything to do with computers necessarily other than the bite that they tried to, uh, put into the logo. But, but talk to me a little bit about, you know, is the risk versus reward, you know, worth it there or should, is it really a lot, uh, simpler to just kind of say, everybody knows what we do now because the word marketing is in our name,

Rob Meyerson (14:57): Right? Yeah. Well, a couple of things to address there. One is you’ve pinpointed this distinction between what I call the naming approach, which is mostly like, how much does it have to do with the business or the brand or the, or the pro. So apple and Kodak as words have nothing to do with the underlying, uh, product. Right. But then there’s also the construct. And so apple is a real word. Kodak is a Madoff word. I think that there are risks and rewards either way. I, I think that tying it too closely to exactly what you do in the, in most cases at the company and a level has more risks

John Jantsch (15:34): Than rewards international business machines, for example,

Rob Meyerson (15:38): Yes. Or international house of pancakes. And they ran this big ad, flipping the P to B for burgers. And as much as that campaign may have worked for them, I still think that name has kind of trapped them into people thinking it’s just for breakfast.

John Jantsch (15:50): Yeah. Yeah. So, so let’s talk about we’ve started. Oh, oh, first I had to share my horse, not horror story, but one that I don’t like a lot of the utilities have renamed because they were true monopolistic utilities. And so they could call themselves Kansas city power and light. But now that they’ve joined forces and they’re no longer sort of the monopolistic utility, Kansas city power and light now ever G a V E R G Y. And I think it’s the worst name in the world.

Rob Meyerson (16:17): and, and it’s because of how it feels in your mouth when you say it. Right. It just, those sounds, yeah, it’s, it’s hard to quantify, but those, that combination sounds kind of like trunk. Yeah. Just doesn’t feel quite right. And, and I

John Jantsch (16:31): Feel like there’s one sort of naming practice that people do is they try to squish words together and make up a word rather than like a Kodak, which is totally meaningless, ever energy probably had something to do with like evergreen energy or something like that, that they stuck together’s

Rob Meyerson (16:44): Right. And what we talk about a lot in meaning is linguistic naturalness, which is a fancy way of saying, does it, does it feel like a real word? And I think Kodak it’s similar to Kodiak and, and you know, if you said it to a kid, they’d say, what does it mean? Because it sounds like a real word, whereas, right. Yeah. AGY it feels concocted. Yeah. And there was a lot of that also in, you know, well, it’s, it’s been around forever with things like jello and Windex, these different suffixes that were popular, but it really was at its heyday in kind of the nineties and early two thousands around, you know, dot com boom. 1.0 with Alta Vista and things like this. Yeah.

John Jantsch (17:22): All right. Let’s, let’s talk a little bit about, because you have a process for how you go about doing this, right. So let’s talk a little bit about the steps in kind of how brand naming works.

Rob Meyerson (17:31): Sure. So the first thing that we recommend doing is coming up with naming brief and anyone who’s done any kind of creative work will be familiar with the concept of a creative brief, but getting down on paper, exactly what you want this name to do, what kinds of names are inbounds and out of bounds. And then critically making sure that everyone involved has seen that brief and agreed on it. And in some cases signed off, once that’s done, then you, you get into kind of the quote fun part of just generating names and you come up with it may surprise people to hear that on a typical naming project will come up with hundreds or sometimes over a thousand ideas. Do you, do you use

John Jantsch (18:06): Any of these tools that are these AI generators that are there now to kind of start that process?

Rob Meyerson (18:10): I, I don’t, I know other neighbors do. I have used there, there are crowdsourcing tools as well, which I, I have used once or twice, but generally I’ll use a, a small team of professional neighbors who have a lot of experience and they’ll put hours and hours into this. And the reason we come up with so many is, is so that we still have some left at, to the next few steps, which are shortlisting. So pulling the, the best out of that long, long list and putting those through preliminary trademark screening and linguistic screening, which is to avoid some of the pitfalls that we’ve already talked about. Like finding out somebody else is using the name or finding out it means something gross. And another language once we get that, that shorter them, that’s gone through that. We present names. So this is in a consultant to client format, obviously, but even if you’re doing this inside your company or for your own company, you might wanna present to your colleagues or, you know, to your friends or family, that’s helping you make this decision. If that’s the case. And that act of presenting names is something that’s often really over the looked the, the gut way that people do. This is they’ll just say, Hey, what do you think of this name? Or they’ll email 10 ideas to their friend and say, pick the best one. Yeah. And that never works. right. You, you really have to put a lot of thought into providing the right context, priming your audience for this, the kind of decision that they’re about to make and how they should evaluate these different options.

John Jantsch (19:31): Maybe even like what’s the brand promise. I mean, just a lot of like context that that is gonna make it relevant or not. Yeah.

Rob Meyerson (19:38): And if you, you may, may have experienced this, but if you just say like, what do you think of these three ideas? Right. Usually it’ll be, uh, they’ll suck. I could come up with something better. Or, or even if they like one of ’em, they may not like it for the rightly. And then after that, you still have to do a deeper legal search, usually that you’ve done in that preliminary stage. And once you have that, those deeper legal, that, that sort of official legal opinion from a trademark attorney, that’s when you can make your final decision. And so that’s the last step, uh, is just narrowing it down to one.

John Jantsch (20:11): So given the fact that that you’ve sort of admitted that time will tell whether or not it was a good name, you know, do you, is there a lot of, kind of gut-wrenching about like, okay, we’re all in on this.

Rob Meyerson (20:22): Yeah. I mean, it depends on who’s making the decision. I do feel that it’s generally helpful to have one person who’s has ultimate responsibility for making the,

John Jantsch (20:32): Or nobody decides,

Rob Meyerson (20:33): Right. Or at least have an odd number. So there’s a tie breaker because what’ll kill, this is the, you know, trying to get unanimity. Everybody loves it. That that just doesn’t happen to your earlier

John Jantsch (20:43): Point. You get, you get energy out that

Rob Meyerson (20:45): Yeah, exactly. To your yes, exactly. Or you just get the most boring option on the list that doesn’t offend anybody, but nobody really likes that much. And yeah, I do think you can then look at these factors that generally speaking, make some names better than others that we started the conversation with. I just would reiterate that it’s not about checking every box and it’s not even necessarily that the best name will check the most boxes. It’s just a hand Andy way to compare names that otherwise seem good or like they could be great.

John Jantsch (21:17): Okay. Here’s a check box that used to be on the list. And maybe it’s not as important. I wanna ask you how, how important is it that the.com name is available? It used to be when we were all getting started in these URLs, it was really, really important, but now there’s all these.info dot, you know, all these other variations. Plus we don’t use the web. Like we used to. I mean, you know, it’s like we don’t need phone numbers. We Google it. Yeah. So, you know, how important is, is a match to the URL?

Rob Meyerson (21:44): Well, you said it it’s less and less important and you know, I’ll acknowledge that for some businesses. It it’s maybe more important than others. The, the best example I can think of is I help name a streaming service. And I think if you’re naming a streaming service, you want to be able to say it’s maybe more important, you know, go to hulu.com or something like that. Yeah. But for most business, the easy answer is to add it a Scriptor after the name, so such and such consulting or the name plus, you know, just whatever it is, restaurant, but yeah, for the reasons you mentioned, there are so many more top level domains. Now you can get.marketing.agency.coffee.motorcycles. You people don’t generally type in the exact domain they’ll search for it. And so I would say take the money that you might spend on getting the exact domain and put that towards and content that’s gonna drive people to your site. Yeah, yeah. For those reasons I would rather have people have a great name and a quote, unquote, imperfect domain than force the perfect domain and come up with a name that nobody can pronounce or something like. Right. Right.

John Jantsch (22:44): Well, Rob, thanks so much for stopping by the duct tape marketing podcast to talk about naming you and tell people where they can find a, up more about you and, and pick up a copy of brand naming.

Rob Meyerson (22:52): Sure. Well, brand naming is for sale on Amazon and elsewhere that books are sold. Um, if you just wanna learn more about it, you can go to brand naming book.com and, and you’ll see reviews and testimonials, and you can also buy it from there. And just to learn more about me, it’s Robmeyerson.com and EY E R. And so, and from there, you can find my agency heirloom. You can find out more about the book and some articles I’ve written about naming. If you wanna read those. So either of those sites will work well.

John Jantsch (23:20): Heirloom is the name of, uh, my favorite little tiny bakery in, in Kansas city, Missouri, a actually by the way. So I get a warm feeling every time I hear that. Yeah.

Rob Meyerson (23:28): An emotional, an emotional connection.

John Jantsch (23:30): That’s right. Well, Rob, thanks again for stopping by. And hopefully we’ll see you one of these days out there on the road.

Rob Meyerson (23:34): Thanks. I appreciate it.

John Jantsch (23:39): All right. That wraps up another episode of the duct tape marketing podcast. I wanna thank you so much for tuning in, feel free to share this show. Feel free to give us reviews. You know, we love those things. Also, did you know that we had created training, marketing training for your team? If you’ve got employees, if you’ve got a staff member that wants to learn a marketing system, how to install that marketing system in your business, check it out. It’s called the certified marketing manager program from duct tape marketing. You can find it at ducttapemarketing.com and just scroll down a little and find that tab that says training for your team.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and WorkBetterNow.

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Empowering Women And People Of Color In The Workplace

Empowering Women And People Of Color In The Workplace written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Kimberly Brown

In this episode of the Duct Tape Marketing Podcast, I interview Kimberly Brown. Kimberly is a career and leadership development expert a speaker and podcast host whose mission is to empower women and people of color in the workplace. Her personal and professional development company, Manifest Yourself, provides in-person and virtual workshops, training, and coaching to professionals looking to lead a dynamic career and life.

Key Takeaway:

Kimberly Brown’s mission is to empower women and people of color in the workplace. Her personal and professional development company provides in-person and virtual workshops, trainings, and coaching to professionals looking to lead a dynamic career and life.

In this episode, Kimberly shares how mentorships and sponsorships can help arm and propel women forward in a world full of challenges that women of color particularly face as they navigate their corporate careers and life.

Questions I ask Kimberly Brown:

  • [1:52] We’re finishing up the national mentoring month and getting ready to enter black history month as we’re recording this. Your work is focused on helping empower persons of color in the workplace – can you talk about the crossroad of these two monthly celebrations for you?
  • [2:57] What is inherently creating the disadvantage for both women and particularly women of color?
  • [4:22] Would you go as far as saying everyone needs a mentor?
  • [6:27] How do you identify a mentor?
  • [8:02] It’s become pretty popular in leadership circles to talk about coaching as a skill of a leader, how would you distinguish between mentoring and coaching?
  • [9:26] What are some tips for somebody to be successful as a mentor?
  • [11:35] Are there tangible benefits to being a mentor?
  • [12:53] Is there a mentorship format in a practical sense that you’ve seen work the best?
  • [16:00] Can your boss be your mentor?
  • [16:33] Do you think it is a necessity for black professionals particularly to have a mentor?
  • [17:27] Does the black professional have to navigate their career in a whole different way?
  • [19:37] Did you as a black professional feel an undue responsibility to help other black professionals?
  • [21:03] Where can people find out more about your work and perhaps pick up a copy of your book?

More About Kimberly Brown:

More About The Duct Tape Marketing Consultant Network:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): Today’s episode is brought to you in part by Success Story, hosted by Scott D Clary and brought to you by the HubSpot podcast network. Success Story is one of the most successful, useful podcasts in the world. They feature Q and A sessions with successful business leaders, keynote presentations and conversations on sales, marketing, business, startups and entrepreneurship. A recent episode had Terry Jones, the CEO of Travelocity and the chairman of kayak.com. Talking all about disrupting existing industries with technologies so much for us to, to think about and learn in that episode. So listen to this Success Story podcast, wherever you get your podcast.

John Jantsch (00:54): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch and my guest today is Kimberly A. Brown. She is a career in leadership development expert, a speaker and podcast host, whose mission is to empower women and people of color in the workplace. Her personal professional development company manifest yourself, provides in-person and virtual workshops, trainings, and coaching to professionals looking to lead a dynamic career and life. So Kimberly, welcome to the show.

Kimberly Brown (01:26): Thank you so much for having me.

John Jantsch (01:28): So we are just fi you and I are recording this in January of 2022. And upon when people listen, uh, to this, we are just finishing up national mentoring month and we are getting ready to enter black history months. So I feel like there’s a bit of a, of crossroads for you for you because you do a lot of teaching around mentoring. And, and as I stated in your profile, you certainly, uh, work to help empower persons of color in the workplace. So maybe talk a little bit about kind of the crossroad of those crossroads of those two ideas or those two. No, definitely monthly celebrations.

Kimberly Brown (02:01): Yes. I’d even go as far as to say that, I feel like Q1, I think from mentoring month black history month and women’s history month, they’re probably some of my busiest month because when we think about when we take the intersection of mentoring studies show that women and people of color, one of the reasons why it’s so hard for them to navigate the world of work sometimes is because lack of mentorship and sponsorship, not having those critical relationships in the place that help them move, how they need to move, whether it’s having the knowledge of the particular industry or the insider information to help them move through or how to navigate tough conversations with their boss, or like Carla Harris says that person who’s bringing their paper into the room when you’re not invited to the room that you’re eligible then for promotions or folks are having those conversations about you. I, I totally agree. There’s so much intersection there with all three of these months in Q1. yeah. For a lot

John Jantsch (02:52): Of the work that I may be asking you a question that is obvious, but I’d love to hear your kind of take on it. Why do you, why do you suppose both women and persons of color, particularly women of color, you know, have that disadvantage? What, what, what what’s sort of inherent in creating that disadvantage?

Kimberly Brown (03:08): So there are so many things I think we can obviously go down bias, unconscious and conscious bias in the workplace. We can talk about microaggressions. We can talk about racism. We can talk about out sexism. We can a hundred percent touch upon those things because those are all true and all valid. I think on the other side of that, I think that there’s a notion, especially for people of color in the workplace, that you kind of, you put your head down and you just work hard and the opportunity will come. That’s all you have to do in my book, I talk a lot about my father and he is a veteran. He worked his way up from a male sort all the way to postmaster general in the state of Connecticut. And he always told me, you know, Kimmy just like, put your head down, work hard and you’ll get there.

Kimberly Brown (03:47): But there’s an element of playing the game that I think is missing for a lot of women and people of color where they may not understand what is the game to be played and how do I play it in a way that is authentic and doesn feel, um, icky right in the workplace. Like sometimes you have to learn how to play those things. And especially if you are first gen or your parents haven’t operated, or your cousins, your brothers, your sisters, haven’t operated in some of these traditionally corporate atmospheres. You may have no idea. Yeah. How to play that game. And that’s where mentorship and sponsorship is so crucial.

John Jantsch (04:20): So would you go as far as saying everyone needs a

Kimberly Brown (04:24): Mentor? Yes. A hundred per 110%. I think I break down four different key relationships that any professional needs in the workplace in my book. But when we talk about mentorship and I think I’m gonna touch on sponsorship too, because I think that sometimes people think that it’s exactly the same thing, but it’s a little D I think mentors of the folks who’ve been there done that they’re able to help you in your role because they’ve most likely been in your role or they’re in a role you’d like to be in. So they’re literally showing you the ropes because it’s what they’ve done. And that is crucial to anyone at all times, to have someone who’s been there, done that who can show you the ropes, the next piece, I think that people also look for sponsors for is that connectivity connecting to different jobs, opportunities to people.

Kimberly Brown (05:07): And that’s where the word sponsorships are to come into play and sponsors like Carla Harris says, she’s a MD at, um, Morgan Stanley. That’s the person who could bring your paper into the room. Or I explain to my clients and say, that is the person who can literally pick you up from where you are and bring you to where you rightfully belong, because they have power and influence. I separate those two things because not every mentor has power and influence. When you need to determine where power is. I ask my clients to think about, well, who makes the final decision? Who can you go to in your organization? And they get to say yes or no, and it’s done. And if that person has to go to someone else or someone else or someone else, then they may have some power. But in an ideal world, you want the person who could say yes or no. If they say to hire you, they say to move you forward or to interview you, that person’s influence is high enough where it’s a no brainer.

John Jantsch (06:01): I think in some cases it’s probably pretty easy to identify a sponsor in some organizations, but I would think harder to identify somebody who could actually truly be a mentor. So how do you, how do you advise people go about five? You know? Cause I, I think sometimes people will go, oh, this person has power. I’ll just have them be my mentor. But there’s a skillset probably that is involved in being a mentor that goes beyond, you know, the scope of your power. So how do you identify that mentor?

Kimberly Brown (06:31): So when you’re thinking about finding a mentor, I think a there’s finding someone who’s doing something you’d like to do. Yeah. Where are they? Are they doing something that is of interest to you, a role that you’d like to have, but then I think you have to almost interview your mentors. Mm-hmm, not everyone is going to be a great fit for a multitude of reasons. When I’m coaching mentors on how to be great mentors. One of the things I say is like, you need to be accessible. How much time do you have, where you’re able to give back to this person? What are you looking to help that person achieve to do? Are you open to holding them accountable for certain things? Or are you looking to kind of just, you know, have some good conversations, all of that is fine, but it’s important for the mentor to understand what it is they want.

Kimberly Brown (07:13): And it’s important for the mentee to ask for what they need. So when you have these coffee chat conversations, invite a few people to have a brief coffee, 15 to 20 minutes to get to know them and see if they even have the time. Now you don’t necessarily have to say, will you be my mentor? Cause that sometimes can feel a little heavy, but you can ask, like, would you mind if I follow up with you periodically about my own career and ask for some insights and advice and do they have the time? And do you feel like it’s that fit for you? The relationship should feel, I don’t wanna use the word safe, but it should feel comfortable, yet challenging, comfortable, where you’re open to really sharing whatever it is you need to share. But challenging in that they are open to challenging the ways that you look at things, how you wanna do things and you feel that those are beneficial to your own growth.

John Jantsch (08:04): It it’s become pretty popular in leadership circles to talk about coaching as a skill of a leader, uh, how would you dis between mentoring and coaching?

Kimberly Brown (08:15): So coaching, the big difference is that it’s teaching you a fundamental skill mentoring sometimes could be more advice. It could be just like having conversations that make you feel better, helping you navigate and make some quick decisions. But coaching is physically teaching you how to do something. A tangible example I’d give to someone is when I was in higher education. So I was in higher ed for almost 10 years. In the final stage of interviews, you always had to do a presentation. Once you got to more senior roles, I had mentors who would be able to coach me and literally have me walk through that presentation. Give me feedback, review my deck in the workplace. I’m someone who always struggles with Excel. I don’t care how many YouTube videos you tell me to watch. I have people who will help me do that pivot table, help me look at the data and put it into a presentation that is tangible. Teaching me how to do something versus a mentor. You may call them more to talk about like talk you down off the cliff. When you feel like you’ve got all the nerves or they help you identify roles, but it’s not super tangible. Now a mentor can be a coach, but not every coach can be a mentor in the same way the sponsorship goes too. Yeah.

John Jantsch (09:24): All right. So let’s uh, flip the role to the mentor. We’ve been talking mostly about the mentee. I think I, I, what, what are some tips for somebody to be successful as a mentor, particularly? I’m sure there are a lot of people that are out there saying, I know I should do this. I know I can do this, but you know, it’s like, I’ve never done it before.

Kimberly Brown (09:41): So I would challenge people to think that you may be doing it already. Right? Many people in the workplace place feel that their manager is their mentor. And that may be the case for some, as much as it may not be for some others. But if you’re looking to be a mentor toward, as someone, I would first start to seek out opportunities where you are. So are you involved in professional associations? Are there any rising stars that you see in your workplace? That’s something I always tell people to look for. Is there someone in your workplace where you’re like, Ooh, I know that they will be the next me where I know that with a little, little tweaking here, I know I can help them. You can identify those folks that reach out and say, would you be open to me helping you in any way, shape or form?

Kimberly Brown (10:23): When I worked in corporate America, I was big on doing that. I just love to help people not make the mistakes that I did in all honesty. And if I saw someone who I knew I could help a little bit, I would just reach out and say, Hey, would you be willing to having some conversations? Is there any way I can help you in your career? But I think the biggest thing that I would share is that accessibility is that you need to make sure that your mentee has access to you in whatever medium feels great. Some people are good for a text or a phone call, some want to have a quarterly chat, but they need to have that access us in order to learn from you. So if you don’t have the bandwidth to give access, it’s a little bit harder to mentor.

Kimberly Brown (11:02): And then I would probably recommend that if your company has fireside chats or they have great employee resource groups where you’re able to do a, a talk that may be a great way to give back, you may not be open to or have the accessibility to have a whole bunch of mentees and try to make sure you don’t take on too many. I think when you’re in certain roles, especially I’ve seen so frequently women of color, if there’s not many women of color at certain levels in the organization, there’s one of you in how many people who want access, determine what is the best way for you to be able to give back in a way that feels good for you, but isn’t too overwhelming.

John Jantsch (11:38): So we’ve been talking about a lot of the benefits to the mentee. I mean, do you find that there are tangible benefits, particularly that person is thinking, oh, do I really have time to to devote to this, that mentor that might be thinking of that? Do you find that there are tangible benefits back to the mentor?

Kimberly Brown (11:54): I think we’d have to like clarify tangible, but I’d say that it’s always great to get back in an organization. Sure. It’s, it’s a great way to get back to younger talent. It’s a great way to pipeline talent. Great. For succession planning from an organization standpoint, you could say that, but I’d also just say in all honesty, it feels really good. Yeah. I tell my mentees, the only thing they have to give back to me is their success. Like, and not in a, like, you need to say that Kimberly Brown helped you get here. but in a you listened to the advice that I gave, you took the feedback and you executed at a high level and it helped you make your next move. That’s honestly, the reason why I’m in career leadership, the first time I saw someone get a job as a direct result of my coaching, I was hooked absolutely positively hooked.

John Jantsch (12:40): Yeah. I guess, I guess one of the benefits that I’m just using my personal experience is that particularly when you get in a leadership role and people keep telling you that, like you’re a big deal. , you know, sometimes you lose empathy for what it was like. Yes. You know, when you were trying to keeps you grounded. It does. It does. I really think that’s one of the, probably one of the benefits that I’ve seen. Is there a format I know you’ve talked about, do you have the time, what does the person need, but is there a format for doing this on a practical sense that you’ve seen, worked about? So meeting like monthly meetings or just very informal, or just call me when you need, I mean, is there a format that I I’m sure differs with every person, but is there a format you’ve seen that kind of seems to work pretty well?

Kimberly Brown (13:21): That’s a really, really great question. And I think it also differs between every single mentee and what their actual needs are. So I could see someone who is gunning for a promotion, right? They know that this is their year. They need to, to put all this work in to make sure they get promoted in the end of the year. It probably would be beneficial for that person to check in once a month, probably once a month, if there is a goal in mind. But I think the mentee and the mentor need to just really work out what that looks like, whether it’s quarterly meetings, monthly meetings, depending upon the goals, making sure that there’s a little bit of access. If there’s something really timely, I know I’ve called of my mentors. Like, Hey, I just got this opportunity. I have no idea what to do.

Kimberly Brown (14:00): Can you hop on a call this week? So I think it’s just having a little bit of flexibility, just defining what that means. If you’re fortunate enough, some companies, um, or organizations have formal mentoring programs. So they might outline that for you, that you talk once a month, you have a private community where you can with each other. But if you are just, I’m kind of developing your own mentoring relationship, it’s just figure out what works for you. But I would just say consistent cadence of meetings. So you know that you can hold the person accountable.

John Jantsch (14:28): And now a word from our sponsor confessions of a social media manager presented by a Gora pulse is a weekly interview show where they talk to social media managers across the globe about what it’s really like to do social media for the world’s biggest brands. It promises expert knowledge, mortifying mistakes, and raw insight into one of the fastest moving industries on the planet. It’s an essential for any current or aspiring social media managers. A Agora pulse is a social media scheduling tool that allows you to take control of your social media. Stay organized, save time and easily manage your social media with a Agora pulses inbox, publishing, reporting monitoring, and team collaboration tool. Listen now on Spotify, apple, and wherever else you like to listen to your podcast, just search confessions of a social media manager.

John Jantsch (15:21): And now word from our sponsor Wix E-commerce the industry leading e-commerce platform with future ready, customizable robust solutions for, for merchants who mean business. Wix e-commerce is the complete solution for entrepreneurs, omnichannel, retailers, and brands who wish to launch, run and scale their online stores successfully go to wix.com/ecommerce today and join over 700,000 active stores selling worldwide with Wix e-commerce.

John Jantsch (15:55): trick question, direct report. Be your mentor.

Kimberly Brown (15:58): Can your direct report? You mean like reverse mentoring?

John Jantsch (16:01): No, no, I, I guess I said that the wrong way. Can your boss be your mentor? I think so.

Kimberly Brown (16:05): yeah. I hundred percent think so. I think sometimes it can get a little bit tricky because one of the things, when I talk about the key relationships that you need in my book, I always say that you need internal and external to your company. Right? Right. So there’s a level of vulnerability that may not be appropriate for your boss, because remember your boss is doing your performance, appraisal. They all those salary decisions. There may be some things there that it may be better for you to have an external mentor or at least someone who’s external to your immediate team or department.

John Jantsch (16:36): All right. So you basically, we started out saying that everyone should have a mentor, but I suspect you have an opinion on the necessity, particularly for black professionals.

Kimberly Brown (16:47): I think it is more than mandatory. You need a mentor and you need a sponsor. Um, you need to have these Q relationships to help you navigate the world of work, to help you see blind spots. I, every professional you need insider information and by insider information, I mean the things that are happening behind the scenes in the workplace that you may not be privy to. And that’s where mentorship and sponsorship and just good relationships in general really helps you. It’s not enough to just do great work and put your head down the way we think it may be, but you, you gotta do a little, you gotta play the game, you gotta play the game. You need to have people in different places to give you all of the information that’s needed so that you can have a much smoother process as you’re navigating your career.

John Jantsch (17:29): Do you? And this is a tough question for me to, as an old white person to, to ask. So hopefully take it in the right, uh, spirit, but is, does the black professional have to navigate in a whole different way? I mean, do they, do they need to have a different plan?

John Jantsch (17:50): I think there needs to be a different level of awareness. And I first, let me just commend you. I appreciate you asking the question, asking the hard questions. Cause I think as non people of color in the workplace, we know that it’s the majority, right? So we need people to be self aware and ask the right questions. I think that, yes, I think there are a hundred percent, some nuances, a hundred percent things that will come up in the workplace because microaggressions bias. Those things happen every day. I wish I could look at my own career and say that things have never happened, but it a hundred percent has, and it impacts how you navigate the world of work. So I think it’s really crucial, um, that you have some of these things in place, but I think I’ll take your question one step further and just also add that as we’re talking about mentorship and sponsorship, not all of your mentors have to look like you. Yeah. I think there’s a misconception sometimes that, okay, I’m a black woman. I need to have black women mentors. Yeah. That mentor who I talked about earlier, who also coached me for my deck. That was a white male. Yeah. Um, an older white male. Mind you, I think he’s at least 30, 30 plus years older than me. Oh, I thought you were gonna say, I thought you were gonna call 30 older no, no, no, no.

Kimberly Brown (18:54): no, no, no. He was at least 30 plus years older than me and I credit my success in almost all of my interviews to that man to this day because he grilled me and fine tuned my decks and helped me almost more than any other person and then higher education as I was building my career. So I don’t think all of your mentors have to look like you. I think it’s great to have a well-rounded network, whether that’s race, ethnicity, gender levels, even seniority levels of seniority you need at all to make sure that you have connections where they need to be, and you don’t have as many blind spots.

John Jantsch (19:28): Well, I think we all benefit from diversity. I mean that really what you’re kind of talking about. I mean that, that, yes, actually seeing people outside of your industry completely can have a whole different view of yes of now. Now having said that, did you, as a black professional feel an undue responsibility to help other black

Kimberly Brown (19:44): Professionals a hundred percent? Yeah. A hundred percent. When I think about myself navigate the world of work, I think, well, me back up a little bit more. So I am born and raised in a very small town in Connecticut where I was the only minority K through 12. There were no other black people ever in my grade and barely a handful in my town. So I’m very used to being the only in many situations. And I know that’s not the case for everyone. I literally was raised that way for 18 plus years of my life. So it’s, I’m used to that, but for many professionals they may not be. So I definitely feel a sense of responsibility to give back and to assist and to help people not fall into any pitfalls that happen. I think making the transition into the world of work we’re talking about from college into you, your first job is one major transition where there’s so many things, but then all there are, is a bunch of transitions after that.

Kimberly Brown (20:39): Like your first leadership role, your first C-suite role, moving to a new industry, all of these first, it’s always great to mean. I’m someone where I’m always looking to see if I can help. I love finding those rising stars. And I know maybe some of my, my mentees are listening when I share this podcast, when it goes live, they know, and they’ll be able to say like, yeah, Kimberly saw me at a call and heard me say something and immediately slacked me and said, Hey, we should have a coffee chat. I wanna know how I can support you. I’ve always been that person.

John Jantsch (21:02): Awesome. Well, Kimberly, thanks so much for stopping by the duct tape marketing podcast. You wanna tell people where they can find out more about your work and uh, perhaps pick up a copy of your book.

Kimberly Brown (21:12): Yes. So you can go to Kimberly B online.com. My name is also Kimberly B online of every single social media platform. You can find me and the name of my book is next move, best move, transitioning into a career love available, wherever books are sold.

John Jantsch (21:27): Awesome. Well again, uh, thanks for stopping by was such, uh, great to chat with you and hopefully we’ll run into you one of these days when we’re back out there on the road again. Yes, please.

John Jantsch (21:36): All right. So that wraps up another episode. I wanna thank you so much for tuning in and you know, we love those reviews and comments. And just generally tell me what you think also did you know that you could for the duct tape marketing system, our system to your clients, and build a complete marketing consulting coaching business, or maybe level up an agency with some additional services. That’s right. Check out the duct tape marketing consultant network. You can find it at ducttapemarketing.com and just scroll down a little and find that offer our system to your client’s tab.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast NetworkWix, and AgoraPulse.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 

Wix is the industry-leading eCommerce platform with a  future-ready, customizable robust solution for merchants who mean business. Wix eCommerce is the complete solution for entrepreneurs, omnichannel retailers, and brands who wish to launch, run and scale their online stores successfully. Go to Wix.com/ecommerce today and join over 700,000 active stores selling worldwide with Wix eCommerce.

 

The show’s brought to you by Confessions of a Social Media Manager presented by Agorapulse. It’s a weekly interview show where they talk to social media managers across the globe about what it’s really like to do social media for the world’s biggest brands. It promises expert knowledge, reveals a few mistakes, and raw insights into one of the fastest-growing, moving industries on the planet. Listen now on Spotify, Apple, or wherever you like to listen to podcasts.

 

 

 

 

 

 

Empowering Women And People Of Color In The Workplace

The 5 Elements Of Your Core Story

The 5 Elements Of Your Core Story written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with John Jantsch

john-jantschIn this episode of the Duct Tape Marketing Podcast, I’m doing a solo show on creating your core messaging, and I walk through how to create your core story script.

Key Takeaway:

The development of your core messaging and your story is imperative to your overall marketing strategy. You can attract even more ideal customers through the story that you know they are telling themselves and by crafting your story that makes it clear how you can help them solve their problems. In this episode, I’m covering my exact 5 part framework that can help you develop your core story script.

Topics I cover:

  • [1:54] Why people want us to tell a story about the problem we can solve for them
  • [2:53] Breaking down the core story script
  • [3:18] The uses of your core story
  • [4:50 Defining the problem that exists today
  • [7:51] Example of how to explain the outside forces driving that problem
  • [8:32] Painting the picture of the reader’s world without the problem
  • [10:41] Explaining the solution that exists today
  • [10:47] Creating a firm call to action
  • [11:06] Recap of the five elements of your core story script
  • [11:32] How to brainstorm and begin writing your script
  • [13:39] How the Ultimate Marketing Engine can help you with this entire process

Resources I Mention:

More About The Certified Marketing Manager Program Powered By Duct Tape Marketing:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): Today’s episode is brought to you in part by Success Story, hosted by Scott D Clary and brought to you by the HubSpot podcast network. Success story is one of the most successful, useful podcasts in the world. They feature Q and a sessions with successful business leaders, keynote presentations and conversations on sales, marketing, business, startups and entrepreneurship. A recent episode had Terry Jones, the CEO of Travelocity and the chairman of of kayak.com. Talking all about disrupting existing industries with technologies so much for us to, to think about and learn in that episode. So listen to Success Story podcast, wherever you get your podcast.

John Jantsch (00:55): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch and I’m doing another solo show. I know I’ve been doing a lot of these lately, but I get such great feedback and let’s face it. I have a lot. I wanna say all right today. I want to not tell you a story. I wanna tell you about story all this month. I’m recording these in January of 2022. I’m talking about strategy. A lot of things that get seen as tactics need to have strategy behind them. So when I talk about core messaging and today I’m gonna talk about your core story. Ultimately, these play out, I suppose, as tactics when you use them, but the development of them and why you develop them. What you actually say in these to me is clearly strategy. So today I wanna talk about something.

John Jantsch (01:41): I call your core story script. So, you know, anybody who’s listened to me talk, know that I talk about the idea of solving problems that people don’t want, what we sell. They don’t want us to tell a story about what we sell. They want to tell a story about them. They want us to tell a story about the problem that we solve for them. Now, the idea of storytelling, it’s certainly not new. I, I’ve probably been talking about it in some fashion for 20 years. And, and at that point, maybe the idea was a little new. Now there’s entire sections in bookstores on storytelling in business, or, or certainly in marketing, uh, you’ve even got, you know, the whole story brand and the, you know, the Jo Joe Campbell myth and star wars story formula inside of, of the hero’s journey. I mean, these are all things that are thrown around and, and I just think they’re kind of trendy ways of saying people don’t care what we sell.

John Jantsch (02:34): They want their problem solved. So if you know the true problem that you solve for your client, then it’s a matter of actually using a story to lead them to the logical conclusion that that, that you’re at. So, all right, let’s talk about the core story, uh, script, and maybe kind of break it down a little bit. Uh workshoppy if you’ve bought the ultimate marketing engine, by the way, some of what I talk about, some of the tools, uh, actually come with the book. So if you, uh, head on over to the ultimate marketing engine.com or you buy the book inside the book, you’re gonna see a link to a resource site where any of the tools that I talk about in the book, you’re, you’re actually gonna be able to use, but course story’s gonna have a lot of uses. I think a great place is a video on your homepage, certainly is a presentation in, in some sort of at an industry trade show or in an email in a, in a welcome sequence.

John Jantsch (03:29): For example, for new subscribers, it’s just a great way to introduce yourself in every type of situation it’ll have lengths. There’ll be times when it’s more appropriate to you, give more detail and other times where you’re really just almost giving a talking logo. You’ll find more about that in my first book, duct tape marketing, but here’s the framework you’re first gonna define the problem that exists today. Then you’re gonna explain the outside forces, driving the problem, see a lot of the problems that our clients have. It’s not really their F fault necessarily. There’s a lot of things lined up against them. There’s the enemy out there against them. Then you’re gonna paint the picture of what the reader or listener’s world would be like. Maybe just get them to imagine if I could get rid of this problem. What would that mean to me? Next step is you’re going to explain that, Hey, you know what a solution does exist today.

John Jantsch (04:24): See, now that we have linked, now that we’ve defined the problem, now that we’ve made them understand that we understand we get them. Now you are going to actually get the invitation to say really, okay, how could I fix that? And then it’s really a matter of, kind of the last element is to say, would you like that fixed, you know, the call action, uh, piece. All right, so let’s break down each element. What is it? Five elements. Uh, we’ll kind of talk a little bit about, give you some examples, uh, give you some ways to think about it. So the first one define the problem. Now, if you’ve done any research, if you’ve interviewed your clients, if you’ve looked at your Google reviews, you’re probably gonna start seeing some of the things that people actually say about what, what your business does. And again, another plug for the book in the ultimate marketing, there’s a whole chapter on how to define what that problem is.

John Jantsch (05:12): But for example, to me, or in my world, uh, as a marketing consultant, one of the biggest problems that I solve is that marketing is, or at least seems complex and it’s changing every day. I mean, there’s everybody trying to sell a piece of the puzzle. So that idea that is nearly impossible to know, you know, where to go, what return to get, who to trust. There’s, you know, how do you have confidence in what everything you’re doing in a lot of ways, me selling marketing strategy is not what I do. What I do is sell clarity and confidence and, uh, control in a lot of ways. And so understanding that allows me to then explain the outside forces, draw me driving the problem, right? It’s not their fault.

John Jantsch (05:56): And now word from our sponsor: Wix E-commerce the industry leading e-commerce platform with future ready, customizable, robust solutions for merchants who mean business Wix e-commerce is the complete solution for entrepreneurs, omnichannel, retailers, and brands who wish to launch, run and scale their online stores successfully go to wix.com/e-commerce today and join over 700,000 active stores selling worldwide with w e-commerce in, in screenwriting talk, which a lot of this kind of idea of story.

John Jantsch (06:33): In fact, I, I recommend if, if you pick up some screen green writing books, uh, get kind of the formula down for some of these elements, um, you know, you might talk about revealing the forces of evil beyond their control that are conspiring to keep them in the dark. So I know that’s kind of goofy when you think about it, but I think we need to help prospects and ideal customers realize that they’re actually actually is an antagonist at play. Uh, again, for my agency, clients, that antagonist is often the fact that they did not get into business to be marketers yet right off the bat. They learned that nothing happens until they acquire customers. So marketing became job one, and they don’t really like it. So many business owners hope to abdicate their market, getting to anyone that promises results. I mean, that’s really why they get in trouble so often, even if they don’t understand what those results are, how they’re achieved, how they’d be measured.

John Jantsch (07:26): Now, this approach always causes problems. I hate to pick on SEO people, but I seem to do it all the time because SEO people add sales rep, web designers, social media experts, LinkedIn requests, automation, gurus buying for your, a business. I mean, these are the forces at evil, in many cases. And so talking about that, so in a way in this core story where people are like, yeah, that’s right, that that actually is happening to me too. So explaining look, when you got into business to do what you love, what you were trained for, then you quickly found out that marketing, what you love was more complicated than just putting up a website. But with the advent of one new marketing platform after another, who can keep up, let alone know whom to trust, to guide you through the maze of marketing jargon and tactic of the week. So that was me being in my telling story voice. So that’s the idea of, of really kind of explaining the, the antagonists. It, it helps it helps the reader go. Yeah, that’s what I’m experiencing too. Now that you’ve got them really bummed out, or at least listening, then you get to go to paint the picture of the reader’s world without the problem. I mean, this is your chance to describe what life would be like for your ideal customer. If they only understood how to make the problems go away.

John Jantsch (08:45): So if you know who your ideal customer is, and again, that’s something that we cover in pretty much everything I’ve written, but if you know who your ideal customer is, you know, what their dreams are, you know, what their, their demons are, you know, what their desires are because you’ve worked with them. You’ve heard them talk about these time and time again. Then you can actually talk about, you know, what would it be like if that, you know, went away? So, so I’ll give you an absurd example. Imagine logging into your email on Monday morning to find multiple requests for information and two signed agreements for new projects by noon, your marketing coordinator presents you with next month’s editorial themes and promotional ideas. When you check your email later that day, you find a report from your marketing consultant that shows you’ve received 13 new glowing reviews, and that not only is your organic traffic up again, but also the conversion rate on your ads has doubled compared to this period last year, there’s plenty of work left to do today, but now you’ve got a couple hours of uninterrupted time to work on that plan for a new client before Le for heading home to have dinner with the family.

John Jantsch (09:50): All right. So sounds kind of magical, doesn’t it? And that may be a really stupid example for, for your business. But the idea is to, to get somebody to see, gosh, what could my business, what could my life be without chaos, if that’s really what they’re experiencing, if that’s really the problem that you’re solving. So I know that example is over the top, but I think for the business owner, keeping struggling really to up, uh, to figure it all out and, and to reign in some sort of control, it actually sounds implausible. In fact, they, they can’t imagine how they would get there. They wanna get there, but they can’t imagine how they would get there. And that’s kind of the point because now you get to say, well, would you like to know how to get there? It actually can happen. So those are the elements.

John Jantsch (10:41): Obviously, then you wanna talk about your solution. This is the part you probably get. All right, this is the part. Most people get. You wanna talk about your solution. You want to have a firm called action. Here is what you need to do to make that problem go away. So think about those elements that I just described, the five elements of, of the core story script. Maybe make an outline with those five I’ll I’ll I’ll repeat ’em if you wanna grab a pen and hopefully you can do that. You’re not driving down the highway, define the problem that exists today. Explain the outside forces, driving the problem. It’s not your fault. Paint the picture of the reader’s world in the future. Without that problem, explain the solution that exists today and then call the reader to action. So take out a blank piece of paper, write those five things down the, write those five elements down, give yourself some writing space between them, and then start to brainstorm about what would go in that story.

John Jantsch (11:39): Now it doesn’t have to be a work of pros you’re you, you you’re welcome to struggle around and stumble around in this, but, but just get, get, start getting some of these statements, these phrases down it’ll come as you start telling people as you record a video, as you need to tighten it up, but don’t worry about that right now. Just blow it all out on onto a page or onto a document on, on a computer and just get it started, get, get the things coming out. If you’ve done some interviews with clients, maybe you’ve actually got some ideas of them saying what it is that you do of them saying how their world has been better. I mean, there’s nothing better than, than somebody being able to say I have 69% increase in leads or 37%, uh, increase in revenue. I mean, that can actually go into painting the picture of what it could look like, uh, for somebody else.

John Jantsch (12:34): Now there’s a heck of a lot of ways you can use this core story. You know, obviously for many people, it’s gonna be the first thing that starts to establish some level of trust, but you certainly can use it, share bits of it really pretty much anywhere that you, that you put content. It could actually, you can take elements of it and use it for you. Email subject line. You can take elements and write entire blog posts about them. You can make this story 10 pages long and then cut it back to, you know, half a page for when you’re just trying to put it into a document or trying to put it into, uh, uh, a webpage. So hopefully that helps with another element of your marketing strategy. Because again, this is a piece that you are going to use strategically to tell people.

John Jantsch (13:19): So when people ask you what you do for a living, you can actually define the problem for your ideal customer for making their world better. You can, you can say the whole thing in an elevator speech, typical elevator speech, uh, form, but you wanna make sure that you are using these elements. All right. So, as I said, this is, uh, straight out of the ultimate marketing engine. My latest book, five steps to ridiculously consistent growth of if this little nugget, this little 15 minutes that we spent together seems valuable to you. Then go get that book because I’ve built an entire workshop around every single one of these elements. And you get all the tools and forms. That’s theultimatemarketingengine.com. All right, this is John signing off. Love to hear from you. Tell me, uh, what your favorite episode is. It’s just John@ducttapemarketing.com. Take care.

John Jantsch (14:14): All right. That wraps up in the other episode of the duct tape marketing podcast. I wanna thank you so much for tuning in. Feel free to share this show. Feel free to give us reviews. You know, we love those things. Also, did you know that we had created training, marketing training for your team? If you’ve got employees, if you’ve got a staff member that wants to learn a marketing system, how to install the, that marketing system in your business, check it out. It’s called the certified marketing manager program from duct tape marketing. You can find it at ducttapemarketing.com and just scroll down a little and find that tab that says training for your team.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network, Wix, and AgoraPulse.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 

Wix is the industry-leading eCommerce platform with a  future-ready, customizable robust solution for merchants who mean business. Wix eCommerce is the complete solution for entrepreneurs, omnichannel retailers, and brands who wish to launch, run and scale their online stores successfully. Go to Wix.com/ecommerce today and join over 700,000 active stores selling worldwide with Wix eCommerce.

Standing Out In A Crowded Market

Standing Out In A Crowded Market written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Mike Michalowicz

Mike MichalowiczIn this episode of the Duct Tape Marketing Podcast, I interview Mike Michalowicz. Mike is a speaker and bestselling author, the creator of Profit First – which is used by hundreds of thousands of companies across the globe to drive profit. And we’re talking about his latest book called – Get Different: Marketing That Can’t Be Ignored!

Key Takeaway:

Many business owners are frustrated because they feel invisible in a crowded marketplace. They know they are better than their competitors, but when they focus on that fact, they get little in return. That’s because, to customers, better is not actually better. Different is better. And those who market differently, win.

In this episode, I talk with Mike about his latest marketing book, Get Different, where he offers a proven, method to position your business, service, or brand to get noticed, attract the best prospects, and convert those opportunities into sales.

Questions I ask Mike Michalowicz:

  • [2:52] Do all of your books tie together?
  • [4:57] Why’d you write this book?
  • [6:19] Can you describe the research that led you to some of the conclusions in this book?
  • [9:44] It’s always fun for consultants and authors to come up with acronyms for things – can you unpack and apply the D.A.D. acronym from your book?
  • [14:55] What’s the filter for different that matters?
  • [18:53] Can you tell people all about what you’ve got prepared for them if they get a copy of Get Different?

More About Mike Michalowicz:

More About The Duct Tape Marketing Consultant Network:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:01): Hey duct tape marketing listener. We know you’re always on the lookout for ways to more efficiently scale your business. That’s why I’m so excited to chat about. I digress another show on the HubSpot podcast network. Troy Sandra is the host of I digress, talks all about how you can eliminate complexity, complications and confusion from your business equation and create clarity to streamline strategy solutions that achieve scalable and sustainable success. Check out episode 24, start there 14 minutes or so strategy is power. You know, I love that idea. So listen, learn and grow with I digress on the HubSpot podcast network at hubspot.com/podcast network. Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch. My guest today is Mike Michalowicz He’s a speaker and bestselling author, the creator of profit first, which is used by hundreds of thousands of companies across the globe to drive profit. And he’s got a new book today called get different marketing that can’t be ignored. So Mike, welcome to the show,

Mike Michalowicz (01:22): John, as always, is this cool hanging out with you? Thank you for having,

John Jantsch (01:26): I tell people this all the time, Mike, you and I have known each other a long time. You’re like a little brother who has far surpassed me in terms of your impact.

Mike Michalowicz (01:33): I think the little brother part, for sure impact a question. I I’ll never listen to you. And I know this story, but I don’t know if listening to you. And I met for the first time face to face during a speaking tour with who knows, right? He may live and we did tour together and there was one day it was a professionally, perhaps one of the most impactful changing moments of my life was you said, you’d meet with me after one of the events, I was just talking about starting a membership organization. And it was the old pen and cocktail napkin paper, just writing down your thoughts. And I took it and earned it. I applied exactly what you told me and we grew proffers professionals. It was formed after the prototype. You laid out for duct tape, marketing and organization. You created

John Jantsch (02:22): Thank you. You took it and ran with it. You did a great job, obviously, and I admire your work. Do you talk about an arc of your books? Toilet paper entrepreneur was kind of like your first book to get out there, to write about what you’d been doing and your experience, but then it feels like you went on a pumpkin plan, profit first clockwork now even, you know, get different. Is there obviously I think you’re targeting the same market, but are you saying, okay, for this book, I’m going to take on this aspect of business. Now, this aspect, and now this, and really tie do these all kind of tie together in that fashion.

Mike Michalowicz (02:55): They do. And they’re all 30, the kind of formula behind it. So the overarching goal is to have a compendium of books for small business. I want to be the champion for, I call them the underdog entrepreneur, but the micro enterprise is a sub million dollar company. Like that’s my piece. So I want to, when you’re that size, it’s very hard to get professional consultants to come in and invest in the amount of time and effort necessary to move that business forward. We just can’t afford them. So I want to have the compendium of winning that business. One may have a marketing challenge. Business two may have a financial challenge. Maybe it’s an efficiency challenge. So I’m trying to write all these books. The sequence they come out is based upon two things. First and foremost is reader impact. I’m blessed to be in contact with readers regularly.

Mike Michalowicz (03:43): Now it wasn’t that way with my first couple of books, but now there’s regular stream. So I can ask and survey and see, you know, what do people need now? And one of the common themes was I was hearing from people I depend on my clients refer me business. And actually they’re mostly saying that a hundred percent of my leads come from client referrals, which is great. They recognize how good you are, but you can’t throttle that you don’t have control. How do you deliberately facilitate lead flow? So that was one thing. And the other thing is for me, is behind each book from your tutelage, I build an organization behind it. We found is that maybe 90% of the readers may 95% or the do it yourself, or if they want to read it and do it. But there is the faction that say, now that I know how to do it, I want to find the company that has this competency. So build the business. So I look for a partner early on now, and his name is Justin Wise. They have a marketing agency called the different company that they renamed a different company. And we’ve been working together on this project for two years. It’s culminating a book and all the insights and practical applications of this process. And I also know that a portion of readers will say, I want to go a step further and work with the different company and this company that I co-created

John Jantsch (04:53): Awesome. So I guess that’s some of the big idea. Why’d you write this book or this topic, and I know, and I also want to get into the research you did, but let’s start with,

Mike Michalowicz (05:04): Yeah, I think there are extraordinary books out there. Duct tape marketing being one of the defining books, my opinion that show you the how to, and the marketing plans, the strategy, like here’s what you do. And we need that. What I didn’t find is many books focusing on the milliseconds of marketing, the cognitive behavior that happens from the prospect’s standpoint. And so this book, one of the titles actually was going to be called the marketing milliseconds of how marketing happens in these fractional seconds. There’s three key elements that happen within literally one 10th of a second. First is recognition of something, most stuff, the vast jury jury’s ignored. So how do you get a ten second and retain attention? So we are subconsciously asking ourselves, should I stay engaged in this? Should I keep listening to podcasts? We just keep on asking ourselves as subconscious level and certain not serving. You’re losing, you’re dropping off. The last thing is subconsciously, should I take action with this? This is all happening in a flash of seconds. So this book is around managing those elements of mark.

John Jantsch (06:07): So I know that you are a bit of a, not necessarily scientific researcher, but you talked about, or you engaged a lot of people. You have a lot of conversations, you bring people in to try stuff in your laboratory, so to speak. Yeah. So what’s the, describe the research that led you to some of the conclusions in this book.

Mike Michalowicz (06:23): Yeah. We, we have a room here at our office. Actually, when you come, maybe if we can spend a little time, I’ll take you for a little tour, but we have a room. We call it the mad lab. It’s our version of a lab. And what we do is we take existing marketing and we’ll run tests on it against survey groups and audiences that don’t, they’re not told, you know, you’re being tested. We’re just asking, what do you, how do you respond to this and monitoring their behavior and looking for trends? And I’ll give you one example. I like to pick on large companies, we were talking about that off-air arch company called Arthur Anderson, Arthur Anderson. There is one there’s one called Anderson windows. It’s also an Arthur Anderson Anderson window, which is pretty big. It’s a pretty big franchise. And we had a marketing piece. We tested theirs and it failed the three key elements that identifying the book, differentiate to get attention, attract, to get engagement direct, to compel, to tell you when to do something and what this, this marketing was different.

Mike Michalowicz (07:19): They were sending out letters, handwritten letters saying, Hey, I’m your local rep or I’m the local business, or I’d love to do your windows. It was unique and different from the standard mail you get, but it didn’t fail to attract because the owner was a guy named or is named Larry someone. But the hand script was a female’s writing. It was very loopy. It was very clear. It wasn’t him. It lost the authenticity. So we’re read this and be like, this is a lie. This guy is marketing a lie. It’s a shame that, that when we do marketing, many companies only do one element and they don’t nail all of them. So our research of testing out other marketing, and then testing our own marketing techniques through our company, we had businesses do this. We found there’s three kind of check boxes. You need to nail each time for marketing.

John Jantsch (08:06): So you use those terms of differentiated attract direct, uh, which conveniently spells out the dad method. And so should we take a few minutes and tell some dad jokes? It was, What did the fish say when he ran into a concrete wall?

Mike Michalowicz (08:22): Y, ah, okay. That’s a good dad. Joke I got for you. When do you know a joke becomes a dad joke? I don’t know when it becomes a parent.

John Jantsch (08:36): All right, there, you have it. Folks we’re done here. And now let’s hear a word from our sponsor. HubSpot CRM platform is easy to adopt and there are really two reasons. Two features that make this possible, that contact timeline and the mobile app and mobile keyboard HubSpot’s timeline gives you the historical context. You need to get the work done and connect with customers because all of your customer data is in one place. It can serve as a single source of truth. In HubSpot, you can take an action, right from the contact timeline, make a call and roll a contact in the sequence, schedule a meeting. You’ve got it. And if you’re on the go, you just use the mobile app to make it all happen and keep everything up to date. You don’t have to spend a lot of time training your team. You can be sure that all the contact information is going into one system, making your team more efficient, look better adoption with a CRM leads to better data, richer insights, and a bigger impact on your customer experience. Learn more about how you can scale your company without scaling complexity@hubspot.com. All right. So obviously it’s always fun for consultants and authors to come up with acronyms for things, but maybe unpack those a little bit. You balloon it to them in your story about the research, but just to make, maybe apply.

Mike Michalowicz (09:56): Yeah. So the three applications, first of all, most marketing fails because we are copying the behavior or the marketing method of our contemporaries, or

John Jantsch (10:08): This is what everybody in our industry, whenever else talks,

Mike Michalowicz (10:11): Right? But the consumer mind has this thing called the reticular formation. It’s a part of our brain that achieves what’s called habituation. Habituation is a way to avoid stimuli. That’s not relevant. There’s a reason. Sirens have changed on a police cars and ambulances. They used to be high, low, high, low. Now they chirp and they beep they do that because we’ve become so habituated. So familiar with it. We ignore it. People walked in front of a speeding. Ambulance had been killed by an ambulance. So what we need to do with our marketing is realize that consumers become habituated. And the only way to get recognized is to change the chirps and beeps when everyone else is going high, low classic mark example, you forgot the email that starts off with Hey friend. I don’t know, John, if you got one of those in the first one I got, I was like, what is this?

Mike Michalowicz (10:56): I have a friend. That’s call me a friend. Like this is so friendly. This friend, I actually read it. The second one, I was like, okay, the last one was actually smarmy marketing. Yeah. So this next one I skim through. I was like, I was marketing. I’ve never read a Hey friend since, cause I know it’s marketing. I’ve become habituated to it. I don’t put conscious thought to it. So the only way to break this pattern is to do what the people are doing because that will get past this gatekeeper to the mind. And I think that

John Jantsch (11:23): That really today, one of the key ingredients for getting kind of through the clutter is we have to do something that makes people talk about us. And you’re right. That’s the differentiator. A mutual friend, Jay Baer has a great book called talk triggers. That’s really all about that idea of what can you do to get people talking? Everything else you do might be the same as everybody else. But you do this one thing,

Mike Michalowicz (11:45): One thing, it doesn’t in some people get confused with outrageous, oh, I have to wear a clown costume. A clown costume will work. But if it’s not congruent with your brand or who you are, it actually hurts you. So the next component, right? My,

John Jantsch (12:00): My attorney, my attorney shouldn’t wear a clown suit. Is that what you’re saying? Yeah.

Mike Michalowicz (12:05): With a squirting Daisy in your eye, Hey, sorry. Hey Joe, walk on the, because that attorney is not attractive. So the next component is this speaking to a need. I have a desire. Does it invoke curiosity? Does it entertain me? A clown actually could be perceived as a threat for some of us in this scenario. This is like a murderer. This is what a whack job does. So it has to be congruent with what your audience expects and needs. So what’s attractive to them. And they’re going to measure that very quickly. Differentiation gets attention, attraction, retains it. The last D stands for direct is to tell the audience now what to do with this knowledge and the key here is it needs to be reasonable. I think this is often overlooked. We have to give him specific, but it needs to be reasonable. If I’m selling a car as an example, and you’re looking for a new car, I say, Hey, John, give me a hundred thousand dollars deposit.

Mike Michalowicz (12:51): We’re gonna find your dream car like who are, you know, it’s unreasonable. But if you walk on the lot and I say, Hey, John, would you give me my, your me, your cell number. I love to text you pictures of our inventory so you can find, and we can hone in on your dream car. That sounds reasonable. Also though, we’ve had our first transaction and now I can move us for the ultimate transaction, which is you buying a car and me collecting a commission. So the direct is to give a specific and explicit direction, but a reasonable and safe one for the customer. Okay.

John Jantsch (13:22): So I have heard you saying, of course this is in the book and this is not going to be good news for some people, but that better is not better. So that’s going to be hard for some people swallow because I want to be the best at what I do and in my industry. And I think that you’re going to say what’s not bad to be better, but it’s better to be different.

Mike Michalowicz (13:41): Yeah, it is very different and better is invisible. When you think about say, we have businesses that compete directly with each other, we both have cleaning companies and my clean company, I say, we will always answer the phone on two rings. You say our company will always answer the phone in one ring. You are unequivocably better. But the question is, does the customer care even notice most betters are actually invisible to the customer. It’s the difference that get noticed if you’re the only cleaning company that shows up in full bio hazard gear, that will be remarkable. And that’s not a joke. That’s what happened in the computer industry. My first business was doing computer systems and I was better than the competition. I had the certification to prove it. I had the response times to prove it. Then the company came in and they kicked my till Sunday. It was geek squad who dressed as geeks with the tape on their glasses, the flood pants. And because they were willing to put themselves out in a new and different light and they were talk worthy as Joe bear and Brinks too. They were remarkable. They dominate the industry. By the way, Robert Stevens founded a company. I believe now after their sale to best buy, they are at a $1 billion collective valuation, 1 billion. My company didn’t sell for way less than that. I’ll say it’s sold for way less than that. So

John Jantsch (14:56): How do you, and you alluded to this, but I want to touch on it directly. I think when some people hear that we’re different, they’re like, okay, I’m going to be different for different sake. We’re going to be the guys that wear purple shirts or to drive purple cars or something. And I think you address it with attractive. Does that matter? Yes. Okay. Somebody looks at it and goes, that’s different. How do you, what’s the filter for different? That matters.

Mike Michalowicz (15:19): Yeah. So if you are the business owner, the great thing is you are the filter. It’s an amplification of who you naturally are. I’m a silly person. I like to be goofy. So you’ll see my websites and all the work I do every time puts me out there. There’s a silly component that is attractive, but I’ve got to be a little asterisk next to it. Next to that, to certain people, other people is repelling. They’re like, who is this goofball or idiot, but it does magnetize a certain audience. So the truth is we gotta be true to ourselves. If I love, you know, purple rain I played every morning. When I start my day, I’m the purple guy lean into that because there’s a community that is going to get you because you get it. It’s the artificial difference that don’t work. And I’ve had people that look at my website and said, wow, this was so different. As an example, I love it. I’m going to copy it. Is that okay? I’m going to go for it. It’s who you are. It’s not going to be attractive because there’s going to be in congruency. You’ll find who you are. You’re the most professional, be more professional. If you’re the most serious, be more serious, they’ll be the more of you.

John Jantsch (16:21): You, you made a point that I don’t think enough people, um, maybe would, would get just on what you said is it’s actually okay to be polarizing. In fact, it might actually be a good thing. I’m not saying you want to go out there and be a jerk and have a whole bunch of people hate you. But the fact that you are very much upfront about here’s who we are. And if that doesn’t work for you, that’s okay too, because we know there’s people out there that this does work for. And I think probably the worst thing is just being as vanilla as possible and trying to appeal to Everett.

Mike Michalowicz (16:47): Oh, it’s the worst. Yeah, don’t be a jerk, but some people see you as a jerk, even though you’re not being a jerk because you’re being, you, you look at any presidential candidate. Any president has been an absolute jerk to 50% of the popular nation. Okay. Are you aware? And it’s true for any organization. There’s a community that is going to rail against you. I actually argue to leverage this, how it can be an ideology, some of your willingness, or it could be another represent representative in this community that just has a different ideology themselves and puts it out there. So I very much have a nemesis. And what this does is it rallies me to be more outspoken and more of myself to attract more of my audience, that the conflict between the two different approaches. And even though there’s no overt conflict that this person does not know my name, I know their name, but it’s not where we’re in conflict. Our ideologies conflict, our Mar communities then are in conflict. This ideology is very light cigars with hundred dollar bills, make money and crush people. And my belief is embrace the community and use profits to be more an amplification and serve more. And those are different ideologies. And by having that conflict, both kind of fight each other and they both rally there’s reasons why when presidents have very different opinions, approaches, there’s more votes than ever the same can happen for our business.

John Jantsch (18:10): So you and I are in a growing club of authors putting out their books on September 21st, 2021. I’ve had you on, I’ve had Dory on, I’ve had chef hiking on the chefs, chefs releasing a book. The 21st Jonathan Fields is releasing a book on the 12th. And I think I’m trying to do my best to get everybody in the club on a, the, the podcast. So I think you’ve, you’ve checked you and I are recording this on the 20th. The book comes out on the 21st, but obviously go get it whenever you happen to listen to this. So tell people I know Mike, you always do on top of building campaign sites and communities. Quite frankly, you always tucked lots of goodies and extras and like behind the scenes stuff in your books too. So you want to tell people all about what you’ve got prepared for them. If they get a copy of get different. Thank you, John.

Mike Michalowicz (18:58): The site to go to is go get different.com. That’s the site specific for this book? I think what’s unique about it is I put resources on there that are all independent of book, including a hundred ways to immediately market your business differently. That costs nothing or cost very little, and you don’t need the book to do it. You can get started so that go get different.com I’ll show you you’ll find case studies, stuff that we’ve done with other businesses that maybe you can interpret and using your own.

John Jantsch (19:23): You do also a great job with the audio book to, uh, to add some different content to that. One of the things that I’ve started doing recently, and I’ll wrap this up, but is getting the audio book of a book I really get into. And I think, yeah, I really, I want to consume this book. I want to internalize it. I’ll get the audio book and the print book. And sometimes I will actually listen and read at the same time. And I feel first off, I feel like I can go a lot faster, but I also feel like it just drives the point home. So that’s my pitch. Go get Mike. So audio book and print book of get different, but it’s go get different.com. So you and I are swapping a, I’m going to speak at your conference. You’re going to speak at my conference coming up here this fall. And I had somebody actually asked me that they were like, why are we doing w I spoke at Ryan dices conference. So recently digital marketer and people are like, why don’t you guys competitors? And I sometimes don’t know how to respond because I’m on top of being friends, the world, the need for what we do is so immense that I can’t imagine thinking of each other as competitors. And I think that’s a lot of industries that are that way.

Mike Michalowicz (20:27): I love that because to me, I had a revelation. When I became an author. When I had a computer company, there was multiple people bidding. There was one person awarded the bid and you got it four years or sometimes a lifetime. It was very competitive. I wanted to destroy the competition as an author. There’s no competition. It’s contemporary. If someone discovers your book, John, your new one coming out, you know, directly marketing, I’m going to, if someone reads that and loves that book, what are they gonna do? They’re gonna explore more books on marketing and it will only facilitate more reading. Yeah, it’s the strangest environment for me at least. But the more successful your books are, the more successful my books are because all books get elevated. It really is the tide rising. All books go with the tide. Yeah. You find somebody who’s got a shelf or two of marketing books and there’ll be the easiest sale in the world for a marketing book, Zack, because they’re constantly consuming. Mike, always great catching up with you. And I’ve been telling a lot of guests as I sign off. We’ll hopefully we’ll see each other in real life when we start getting back out there on the road. But you and I are going to do that soon. So I appreciate your friendship and support and congrats. So with another great book, I’ll see you soon. My brother, my slightly older brother.

John Jantsch (21:39): All right. That wraps up another episode of the duct tape marketing podcast. I want to thank you so much for tuning in. Feel free to share this show. Feel free to give us reviews. You know, we love those things. Also, did you know that we had created training, marketing training for your team? If you’ve got employees, if you’ve got a staff member that wants to learn a marketing system, how to install that marketing system in your business, check it out. It’s called the certified marketing manager program from duct tape marketing. You can find it at duct tape, marketing.com and just scroll down a little and find that tab that says training for your team.

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