TRANSKRIPTIO 🔗
WEBVTT
00:00:04.227 --> 00:00:07.733
Welcome to Side Hustle City and thanks for joining us.
00:00:07.733 --> 00:00:17.689
Our goal is to help you connect to real people who found success turning their side hustle into a main hustle, and we hope you can too.
00:00:17.689 --> 00:00:19.332
I'm Adam Kaler.
00:00:19.332 --> 00:00:21.687
I'm joined by Kyle Stevie, my co-host.
00:00:21.687 --> 00:00:23.144
Let's get started.
00:00:23.144 --> 00:00:24.461
All right.
00:00:24.461 --> 00:00:30.596
Welcome back everybody to the Side Hustle City podcast Today's special guest, philip F Smith.
00:00:30.596 --> 00:00:32.301
I, like you, got the middle initial in there.
00:00:32.301 --> 00:00:34.085
There's a lot of Philip Smiths out there, I'm sure.
00:00:35.569 --> 00:00:35.890
There are.
00:00:35.890 --> 00:00:36.752
It's funny.
00:00:37.200 --> 00:00:38.526
Well, welcome to the podcast, Phil.
00:00:38.526 --> 00:00:40.033
It's great to have you here.
00:00:40.033 --> 00:00:46.993
I can't wait to talk to you about some of this growth marketing work you're doing and partnerships with Kevin Harrington.
00:00:46.993 --> 00:00:48.405
People know him from Shark Tank.
00:00:48.405 --> 00:00:54.448
You got a bunch of other folks that you're working with now, so I'd love to just understand your story.
00:00:54.448 --> 00:00:55.371
What led you into this?
00:00:56.880 --> 00:00:58.487
Yeah, well, you know, appreciate you having me on.
00:00:58.487 --> 00:01:00.246
It's always fun to talk shop.
00:01:00.246 --> 00:01:04.629
So you know how I got into the entrepreneurial world.
00:01:04.629 --> 00:01:11.367
It was just way back in the day I was doing that typical 9 to 5, and it's 1998.
00:01:11.367 --> 00:01:21.662
And I had an offer to start up my own business and I also had an offer for the job and it just didn't make sense to me not to take the chance to start my own business.
00:01:21.662 --> 00:01:26.789
And that was a web hosting company, again back in 98, we sold it in 2005.
00:01:26.789 --> 00:01:37.243
I've sold 5 companies since, now, been part of 9 acquisitions, and the main reason why is I sold one of my companies to an investment fund and I did a bunch of deals with them.
00:01:37.405 --> 00:01:44.045
So always put yourself in the same right room with the right people, especially if they have money, those are fun people to hang out with.
00:01:44.045 --> 00:01:45.927
So I did that.
00:01:45.927 --> 00:01:49.614
What I'm doing today, everything is lead generation-based.
00:01:49.614 --> 00:01:54.388
It's all about generating leads, owning the data and monetizing it.
00:01:54.388 --> 00:02:00.992
And when I say monetize it, you could sell the leads, I could do affiliate marketing, I could sell my own services.
00:02:00.992 --> 00:02:03.704
But that's the world that we live in.
00:02:03.704 --> 00:02:05.790
It's all about teaching companies.
00:02:05.790 --> 00:02:17.527
Obviously, we do it for ourselves too, but we also help companies generate leads for themselves, and it's just so they understand how to monetize, of course, their own leads, also their own customer base, cause a lot of companies don't even do that.
00:02:17.527 --> 00:02:21.789
So, anyway, that's the nutshell, what I concentrate on every day.
00:02:22.181 --> 00:02:30.471
So for you, you didn't have a lead generation person to help you start your businesses, so you had to figure this thing out on your way.
00:02:30.471 --> 00:02:38.762
But take us through some of the steps of actually launching a lead generation business as someone who does lead generation for other people.
00:02:40.024 --> 00:02:42.867
So it's funny April of 2014,.
00:02:42.867 --> 00:02:50.366
I was doing some consulting and I helped a company to get out of their business I'm sorry, get out of their business.
00:02:50.366 --> 00:03:00.711
Going backwards, I changed everything around as a digital marketing company within six months, turned the whole company around and sold it and the guy kind of the owner, kind of screwed me over a little bit, but it's fine.
00:03:00.711 --> 00:03:03.890
You kind of get used to that after a while, unfortunately.
00:03:03.890 --> 00:03:06.086
But people always try to take advantage of you.
00:03:06.086 --> 00:03:10.550
So, but what happened was, because of that happened, I said you know what?
00:03:10.550 --> 00:03:12.788
I'm going to fire all my clients.
00:03:12.788 --> 00:03:17.507
I really don't want to do this anymore anyway and I want to jump in as lead generation business.
00:03:17.507 --> 00:03:29.311
The problem was, like you just said, I had no one to go to to teach me anything, so I had to figure it out and I knew that I couldn't just start a lead generation business today without knowing anything.
00:03:29.311 --> 00:03:31.036
And how do I even start?
00:03:31.036 --> 00:03:35.792
So I said to myself I got to learn this business inside and out, from the inside out.
00:03:35.792 --> 00:03:40.930
So what I did was I learned how to do lead brokering.
00:03:40.930 --> 00:03:48.986
So I literally found lead buyers, I found lead sellers, I brokered a deal, I made my cut and I was like, wow, that was pretty easy.
00:03:48.986 --> 00:03:50.912
Now, sales has always been easy for me.
00:03:50.912 --> 00:03:53.387
I've always been one of those people I could just figure stuff out.
00:03:53.387 --> 00:03:59.352
I teach myself Always very important, especially today with how everything changes so fast.
00:03:59.352 --> 00:04:02.068
So what happened was you fast forward.
00:04:02.068 --> 00:04:08.371
As I started learning the business I do lead brokering 10, 20 grand a month I was like, all right, this is cool.
00:04:08.371 --> 00:04:10.075
But I said you know what?
00:04:10.075 --> 00:04:13.508
I started getting some bad deals done.
00:04:13.508 --> 00:04:18.404
So what I mean by that is companies started selling me bad leads and of course, I take the hit on it.
00:04:18.404 --> 00:04:20.692
I'm the bad guy because I'm the
Load full transcript
broker in the middle.
00:04:20.692 --> 00:04:22.502
So I said to myself, you know what?
00:04:22.502 --> 00:04:23.764
How do I eliminate these guys?
00:04:23.764 --> 00:04:25.026
How do I just do this myself?
00:04:25.026 --> 00:04:28.994
So, just learning as I go, and basically a fast forward.
00:04:29.053 --> 00:04:37.867
From April of 14, when I started, to October of 14, I ran my first Facebook ad ever and I started generating leads for $18.
00:04:37.867 --> 00:04:39.353
They were for the business loan space.
00:04:39.353 --> 00:04:43.067
So I was generating business loan leads for $18 and selling them for $60.
00:04:43.067 --> 00:04:47.706
And I was like, wow, this is cool, but I knew it wouldn't last forever.
00:04:47.706 --> 00:04:49.730
You always have to think 10 steps down the road.
00:04:49.730 --> 00:04:54.581
You can't just start a business, and even if you are successful, you can't just assume it's going to last forever.
00:04:54.581 --> 00:05:01.165
I always just assume everything's going to crash and burn and I need a plan B, and I got to think about what's going to happen in 6 to 12 months from now.
00:05:01.165 --> 00:05:05.372
So I knew my lead cost is not going to stay at $18.
00:05:05.372 --> 00:05:06.894
And I was right.
00:05:06.894 --> 00:05:14.557
In a year from there, in September of 2015, the lead cost went up to $70.
00:05:14.596 --> 00:05:23.504
So, from $18 to $70 in a year, and at that point in time, though, it was fine, because I knew it was going to happen, and I started learning how to monetize my leads in other ways.
00:05:23.504 --> 00:05:26.026
So, for example, I took a business loan lead in.
00:05:26.026 --> 00:05:33.564
I sold it to a business loan lender, but not every single lead qualified for a business loan.
00:05:33.564 --> 00:05:36.370
So, for example, I got a lot of startups.
00:05:36.370 --> 00:05:38.786
They didn't have any revenue, they had bad credit.
00:05:38.786 --> 00:05:39.971
What do I do with them?
00:05:39.971 --> 00:05:44.927
Well, I started selling them to credit repair buyers, and then I started buyers.
00:05:44.987 --> 00:05:45.990
Ah, beautiful, yes.
00:05:46.160 --> 00:05:52.389
I found a company that took in leads for credit monitoring right, for your business, your business credit monitoring.
00:05:52.389 --> 00:05:59.548
Then I added in companies that provided services to startups to help them get off the ground and get lending down the road.
00:05:59.548 --> 00:06:03.911
It was a unique service I'd never heard of, but they were buying leads for me.
00:06:03.911 --> 00:06:19.288
So I started to figure out how do I take one lead, filter it out in their revenue, their credit score, how long they've been in business right, and all these different filters, and I basically sent them, sometimes in three or four different directions, right.
00:06:19.288 --> 00:06:29.331
So then I had companies come to me, like a company called LoanMe, and what they did was they bought leads between $4,000
a month in revenue and $10,000 a month in revenue.
00:06:29.331 --> 00:06:32.641
They had companies over $10,000 a month in revenue.
00:06:32.641 --> 00:06:37.173
So I basically had like eight different lead buyers and eight different filters.
00:06:37.173 --> 00:06:44.026
So what I'm getting at is my overall lead cost was actually only like $8.
00:06:44.026 --> 00:06:45.307
Wow, right.
00:06:45.807 --> 00:06:53.697
My high quality leads were $70, like I said before, the ones that filtered out to actual business loan lead they were $70.
00:06:53.697 --> 00:07:00.463
Right, because it was only like 10% of the leads I generated qualified for a business loan.
00:07:00.463 --> 00:07:01.725
So my $8 lead was just for a blanket.
00:07:01.725 --> 00:07:04.992
Everybody bad credit, good credit, no revenue.
00:07:04.992 --> 00:07:06.322
A lot of revenue didn't matter.
00:07:06.322 --> 00:07:13.266
That was an $8 lead, but the business loan leads that filtered out were actually $70 at September of 2015.
00:07:13.266 --> 00:07:16.973
But the way I looked at it was I have an $8 lead.
00:07:16.973 --> 00:07:20.165
At the end of the day, how do I monetize all these leads?
00:07:20.165 --> 00:07:27.781
So that's what I started learning and then eventually, two years later, I started selling courses.
00:07:27.781 --> 00:07:32.903
I looked at you know guys selling courses out there and I'm like you know I could do this I mean how do you not create a course?
00:07:33.343 --> 00:07:37.473
so I created a course and I created a sales video.
00:07:37.473 --> 00:07:45.269
Obviously I researched all these other people that were doing it and understood how they do it, what software they're using, how long are are these webinars, what price points they're using.
00:07:45.269 --> 00:07:47.112
So I started just researching the industry.
00:07:47.112 --> 00:08:05.312
So I came out with a 997 course because everyone else had one and I basically put it out there and as only promoting this to my business loan leads, I was selling a $1,000 course on how to start their own business and literally within 24 hours got my first sale.
00:08:05.312 --> 00:08:08.845
My first month I did 30 grand.
00:08:08.845 --> 00:08:11.269
That was September, I think of 17.
00:08:11.269 --> 00:08:13.093
By the end of the year I did like 300 grand.
00:08:13.254 --> 00:08:13.494
Wow.
00:08:13.660 --> 00:08:15.264
Right, so that's just pure profit.
00:08:15.264 --> 00:08:18.351
Right Because I'm just promoting it to my existing lead base.
00:08:18.351 --> 00:08:20.944
So it was an amazing thing.
00:08:20.944 --> 00:08:31.709
And then in 2018, january, I ended up partnering with Kevin Harrington, who was on the first couple of seasons of Shark Tank, because, just to use his brand, I'm like I need to attach myself to a bigger brand, get myself out there.
00:08:31.709 --> 00:08:37.662
So I did that, obviously, and I've been working with him ever since, still work with him today, and that really helped me out.
00:08:37.782 --> 00:08:48.174
So what I always tell companies or anybody that's trying to start a business, or even if you're already in business, if you're trying to get into a business, I love the data space because it's scalable, it's automated.
00:08:48.174 --> 00:08:51.187
I'm still a one employee company, just so you know, still a one employee company.
00:08:51.187 --> 00:08:56.327
Done multiple eight figures, made the Inc 5000 list five times, probably six times this year.
00:08:56.327 --> 00:08:59.823
I've had a lot of success and I'm still a one employee company.
00:08:59.823 --> 00:09:13.581
I still use freelancers, still use consultants, of course, but that's the scalability of lead generation, that's the automation of lead generation, and that's why I love this business so much because I can work from home, stay, you know, be around my kids more and be able to scale a business.
00:09:13.721 --> 00:09:15.144
You know it's hilarious about this.
00:09:15.144 --> 00:09:25.211
Last week I just won a B2B lender and we're doing all their pay-per-click ads for them and they said one of the problems they were doing it in-house.
00:09:25.211 --> 00:09:26.865
Right, they're doing all their pay-per-click in-house.
00:09:26.865 --> 00:09:33.581
They're saying, oh, 50% of our leads are people that don't qualify, right, yeah, so you just gave me an idea.
00:09:33.581 --> 00:09:38.945
It's like hey, are you guys selling those bad leads to credit repair people?
00:09:38.945 --> 00:09:40.385
That's brilliant.
00:09:40.385 --> 00:09:42.587
Like they, I don't think they're thinking of that.
00:09:42.648 --> 00:09:54.897
But for people for reference, a lot of people don't know because they've never taken one of these loans or worked with one of these companies, like an on deck or one of these other companies there's a bunch of them out there.
00:09:54.897 --> 00:10:06.511
Uh, they, they essentially will work with businesses on the short term, you know, six months, I think on deck does right, and there's a preset amount you would have to pay back.
00:10:06.511 --> 00:10:08.129
So you kind of know upfront.
00:10:08.129 --> 00:10:09.818
I don't even think they really tell you the interest rate.
00:10:09.818 --> 00:10:15.207
They're just like look, if you learn, if you borrow 10 grand, you're going to end up paying us back 11 grand in six months or whatever.
00:10:15.207 --> 00:10:20.395
It is Right, and the default rates on these are actually pretty low from what I understand.
00:10:20.395 --> 00:10:22.967
Yeah, it should be less than 20%.
00:10:23.220 --> 00:10:25.886
Less than 20%, and there's a what's the like.
00:10:25.886 --> 00:10:27.971
There's a lending tree of this industry.
00:10:27.971 --> 00:10:32.427
It's like I can't remember what the name of it is, but Lendio.
00:10:32.427 --> 00:10:35.010
Yeah, buddy of mine runs one in another city.
00:10:35.010 --> 00:10:42.192
So these are like franchises, so you can like buy a franchise for one of
these things and essentially do kind of what you were doing.
00:10:42.192 --> 00:10:43.422
But I mean you sound like you're.
00:10:43.422 --> 00:10:44.985
I mean this was back in the day.
00:10:44.985 --> 00:10:48.352
I mean you're talking 2015, 2016.
00:10:48.352 --> 00:10:50.765
I mean you were doing this way before.
00:10:50.765 --> 00:10:53.341
A lot of these other people were doing it and it's a great bit.
00:10:53.341 --> 00:10:58.980
From what I understand, the margins are excellent If you loan to one of these, one of these lenders.
00:10:58.980 --> 00:11:02.730
Right, if you're an investor and you loan to one of these, the returns are really good.
00:11:02.730 --> 00:11:15.605
And I never knew about this industry until recently and I'm actually working with you know another guy who's who's on the other side of that Like they're at the hey, let me find lenders for these, for these companies, but that's a great business to be in.
00:11:16.787 --> 00:11:17.908
Yeah, you're 100% right.
00:11:17.908 --> 00:11:22.091
You have the syndication side, so you invest in them, right, which I do.
00:11:22.091 --> 00:11:25.335
You can usually make about 50% on your money, which is amazing.
00:11:25.335 --> 00:11:26.836
Not going to make that in the stock market, right?
00:11:26.836 --> 00:11:43.589
No, so I have something called Loan Broker Network, which actually we have over 10,000 people that have come in where we teach them the loan broker industry, we teach them lead generation and through our network, we do $20 million a month in lending and it's amazing, that's through us and our partners.
00:11:43.589 --> 00:11:45.730
And so, yeah, you're 100% right.
00:11:45.770 --> 00:11:48.734
There's a lot of different ways to make money in the lending industry.
00:11:48.734 --> 00:11:49.774
It's never going to go anywhere.
00:11:49.774 --> 00:11:51.937
It's good in the bad economy.
00:11:51.937 --> 00:11:58.503
It's good with the good economy.
00:11:58.503 --> 00:11:59.927
Everyone needs money at all times.
00:11:59.927 --> 00:12:01.652
We also provide marketing services now.
00:12:01.652 --> 00:12:05.162
So what we do is we generate business leads and we pivoted our marketing strategies.
00:12:05.724 --> 00:12:08.897
But exactly what you just said you're trying to generate.
00:12:08.897 --> 00:12:11.664
Companies would always come to me and say, phil, I just want the best leads.
00:12:11.664 --> 00:12:13.912
I'm like, no, you're thinking about this wrong.
00:12:13.912 --> 00:12:18.028
You want every lead and you want to monetize them as many different ways.
00:12:18.028 --> 00:12:19.792
Then your premium leads become free.
00:12:19.792 --> 00:12:21.342
Brilliant, right, that's the strategy.
00:12:21.342 --> 00:12:28.447
So I'll give you a funnel idea that we're running right now that literally just started this recently and it's already crushing it.
00:12:28.447 --> 00:12:29.921
So I'll give you exactly what we're doing.
00:12:30.321 --> 00:12:34.427
This
is a you know, literally a easily $20 million business.
00:12:34.427 --> 00:12:38.714
I'm going to give you on a silver platter Anybody listening, feel free to go do it yourself.
00:12:38.714 --> 00:12:39.335
All right, you ready.
00:12:39.335 --> 00:12:44.510
What you do is when you run, let's say, facebook ads, you want to put out an offer.
00:12:44.510 --> 00:12:46.846
That is a hot offer right now.
00:12:46.846 --> 00:12:48.888
It's trending, whatever it is.
00:12:48.888 --> 00:12:50.145
So AI is that?
00:12:50.145 --> 00:12:57.793
What we did was we put out an ad right now that say, get access to our free automated marketing software.
00:12:57.793 --> 00:12:59.544
So, literally, get access to it for free.
00:12:59.544 --> 00:13:03.346
With AI built in, you can build out your AI for your business.
00:13:03.346 --> 00:13:09.653
So you have the automated marketing CRM a need out there plus AI.
00:13:09.653 --> 00:13:11.145
So that's a free offer.
00:13:11.145 --> 00:13:12.404
You're going to generate leads.
00:13:12.404 --> 00:13:15.557
Right now, we're at $5 a lead, which is ridiculous.
00:13:15.557 --> 00:13:16.059
That's crazy.
00:13:16.421 --> 00:13:19.071
Especially today with Facebook, le to five bucks.
00:13:19.071 --> 00:13:24.226
When they fill out that form the initial form I ask them are you incorporated or not?
00:13:24.226 --> 00:13:40.442
If they're not incorporated, I'm going to send them off to a, to a ink file I forget ink files, new name, but ink fileile gives people sets of a corporation Usually make about $125 a client or a customer that I send to them.
00:13:40.442 --> 00:13:44.332
So if they say no, then I want to push them over to there.
00:13:44.332 --> 00:13:50.296
If they say no, I'm not incorporated, I ask them if they're interested in a personal loan.
00:13:50.296 --> 00:13:52.663
We have someone that does unsecured personal loans.
00:13:52.663 --> 00:13:58.013
If they say yes, I ask them for the credit score secured personal loans.
00:13:58.013 --> 00:14:00.057
If they say yes, I ask them for the credit score.
00:14:00.057 --> 00:14:03.282
If they're over 680, I'll send them there.
00:14:03.282 --> 00:14:05.591
If they're over 720, I ask someone else that can get credit cards stacking for them.
00:14:05.591 --> 00:14:07.538
Get a bunch of credit cards at 0% interest, but they need a 720.
00:14:07.538 --> 00:14:09.745
So right now, I just told you about three different buyers.
00:14:10.426 --> 00:14:14.283
Now, if they say, yes, I am incorporated, cool, you want a business loan?
00:14:14.283 --> 00:14:16.047
Now, that's different buyers.
00:14:16.047 --> 00:14:17.009
What's your revenue?
00:14:17.009 --> 00:14:17.451
What's this?
00:14:17.451 --> 00:14:17.912
What's that?
00:14:17.912 --> 00:14:21.149
You still ask them the credit score question because I can still send them off to the other people.
00:14:21.860 --> 00:14:24.869
Then I ask them what marketing services are you interested in?
00:14:24.869 --> 00:14:27.846
Right, you just want our free CRM.
00:14:27.846 --> 00:14:29.010
Or do you want SEO?
00:14:29.010 --> 00:14:30.807
You want to be interviewed on TV?
00:14:30.807 --> 00:14:32.421
We provide that service.
00:14:32.421 --> 00:14:35.384
You want a shark on your board of advisors?
00:14:35.384 --> 00:14:38.106
Kevin will go on someone's board of advisors if it makes sense.
00:14:38.106 --> 00:14:40.668
So consulting services, et cetera.
00:14:40.668 --> 00:14:47.275
Then from there they go through a funnel where they watch a video that gives them access to that free CRM.
00:14:47.275 --> 00:14:51.342
It's 100% true, we're not lying.
00:14:51.342 --> 00:15:01.475
For $1,000 plus that course comes with a free group weekly call to answer any questions they have with their business.
00:15:01.475 --> 00:15:04.048
So they're marketing questions, lending questions.
00:15:04.048 --> 00:15:11.732
So what this sell is Kevin Harrington's team that's done $6 billion in sales is going to help you grow your business.
00:15:11.732 --> 00:15:12.774
It costs $1,000.
00:15:12.774 --> 00:15:19.274
We give you a course and a free weekly call and Kevin will be on once a month to answer questions, just for a thousand bucks.
00:15:19.875 --> 00:15:24.974
The reason why that thousand dollars is important, because that pays for the leads, right?
00:15:24.974 --> 00:15:29.947
So think about it $5 lead, I only need to convert half a percent to be breakeven.
00:15:29.947 --> 00:15:33.942
Now I get free leads and then I'm selling them off doing affiliate marketing.
00:15:33.942 --> 00:15:36.086
Plus, we have our own services that we can sell.
00:15:36.086 --> 00:15:39.374
We build out a custom AI for companies and stuff like that too.
00:15:39.374 --> 00:15:41.647
So now we have that coming in right.
00:15:41.647 --> 00:15:46.485
So now we can literally go to 1,000 leads a day very easily, and now it's just free.
00:15:46.485 --> 00:15:48.486
And then we just offer whatever we offer.
00:15:48.486 --> 00:15:50.206
We can upsell through our calls, whatever.
00:15:50.639 --> 00:16:02.730
So there's your strategy on pick in whatever industry you want to be in, whatever is a hot, free offer that you can do, just getting the cheap data, monetize them through the form, get all the information you can.
00:16:02.730 --> 00:16:03.371
That makes sense.
00:16:03.371 --> 00:16:14.623
And then, you know, provide some sort of course, because the reason why the course is important there's no fulfillment Right, I have to go do something, right?
00:16:14.623 --> 00:16:15.546
So and again, I like to stay a small company.
00:16:15.546 --> 00:16:16.610
So sell a course with a weekly call Guess what?
00:16:16.610 --> 00:16:19.038
I already do a weekly call, so it doesn't matter to me.
00:16:19.038 --> 00:16:19.480
You know what I mean.
00:16:19.480 --> 00:16:22.609
So I'm selling something I'm already doing and I'm giving a course, it doesn't matter.
00:16:22.830 --> 00:16:24.364
And of
course, yes, I have.
00:16:24.364 --> 00:16:27.030
You know, kevin Harrington, we started working with Damon John recently.
00:16:27.030 --> 00:16:29.623
So yeah, we have that now, obviously to help sell it.
00:16:29.623 --> 00:16:34.048
But, to be honest, you don't need to sell this stuff, you know.
00:16:34.048 --> 00:16:35.791
As long as you know what you're doing, that's good enough.
00:16:35.791 --> 00:16:39.135
But obviously I've been working with them for a long time, so I use them.
00:16:39.135 --> 00:16:42.508
But but yeah, I mean that that's your strategy in a nutshell.
00:16:42.508 --> 00:16:50.061
You obviously got to piece it together and figure it out, but it's that's the power of building something out that's scalable and automated.
00:16:50.380 --> 00:16:52.804
Yeah, and just think about I mean, there's a lot of these companies.
00:16:52.804 --> 00:16:54.248
I didn't realize how many there were.
00:16:54.248 --> 00:17:04.472
My wife sometimes you know for her her spa she'll use on deck Right, so she has an on deck loan out right now and then also she can use her POS system.
00:17:04.472 --> 00:17:07.586
The accounting system that's tied into her POS was Square.
00:17:07.586 --> 00:17:11.540
Square Capital offers her money all the time there is.
00:17:11.621 --> 00:17:14.463
Soon as you go to one of these websites, you are going to get destroyed with Facebook ads.
00:17:14.463 --> 00:17:16.885
As soon as you go to one of these websites, you are going to get destroyed with Facebook ads.
00:17:16.885 --> 00:17:23.032
As soon as I started working with this client, I've got I don't know how many now that I get on Facebook.
00:17:23.032 --> 00:17:27.136
Every time I open Facebook it's like the first thing I see, so I'm getting hit with tons of those.
00:17:27.136 --> 00:17:35.969
I probably need to clear my cash and everything so that I can reset my Facebook ads that I'm getting.
00:17:35.969 --> 00:17:38.555
But you mentioned Facebook ads that I'm getting.
00:17:38.555 --> 00:17:40.539
But you mentioned Facebook ads and I know my client in particular.
00:17:40.539 --> 00:17:48.691
They're spending between $20,000 and $50,000 depending on what's going on every month in Facebook and Google ads.
00:17:48.711 --> 00:18:01.832
Right, but they're small compared to some of these other companies out here that could be spending a quarter mil a month or more just trying to go out here and find leads, or they have to go to a third party group and they have to buy those leads to try to get something.
00:18:01.832 --> 00:18:07.240
Your strategy is very interesting and it's almost like it reminds me of the Native Americans, right?
00:18:07.240 --> 00:18:11.010
If they killed a buffalo, they didn't just eat the meat, right, they used every piece of it.
00:18:11.010 --> 00:18:12.361
I mean, this is what.
00:18:12.361 --> 00:18:21.134
This is kind of what you're doing out here, and it's smart because every form that that you know, whatever that ad is you're doing, it goes back to a form.
00:18:21.134 --> 00:18:23.367
You get the information from the people.
00:18:23.367 --> 00:18:27.960
People are throwing those leads away if they don't think they qualify.
00:18:27.960 --> 00:18:29.743
Right, I mean, this is.
00:18:29.743 --> 00:18:36.529
It's wild to me that they're doing that, and you've come up with this strategy and you've got all these partnerships.
00:18:38.121 --> 00:18:46.250
Yeah, and like you said before this interview, you said people don't know what they don't know right, and that's the thing with anybody in any case, and they just don't understand it.
00:18:46.299 --> 00:18:47.323
They don't understand the concept.
00:18:47.323 --> 00:18:52.865
A lot of people think they're doing something wrong by trying to sell their customer base or their leads something else.
00:18:52.865 --> 00:19:01.008
It's almost like spammy or scammy, but it's not as long as you're giving them like we don't just offer people something they don't ask for, you know.
00:19:01.008 --> 00:19:05.288
So if they say, yes, I'm interested in this, then I'm going to have someone call them for Kevin stuff.
00:19:05.288 --> 00:19:13.003
If it's a day with a shark event, you know, if it's SEO services, if it's whatever, we're just going to say all right, you asked for this, here you go.
00:19:13.003 --> 00:19:13.785
You know what I mean.
00:19:13.785 --> 00:19:20.991
So if they don't have a company that's incorporated, then we're going to say, hey, since your company's not incorporated, would you like to get one done?
00:19:20.991 --> 00:19:23.815
It's actually free, you just got to pay your state fees, right?
00:19:23.815 --> 00:19:24.976
That's the company's offer.
00:19:24.976 --> 00:19:33.259
So we just offer whatever they say on a form and we put the stuff in front of them.
00:19:33.259 --> 00:19:46.612
Obviously, we'll answer questions and do stuff and we'll do what we say we're going to do, but of course, now you have a captive audience once a week that's listening to you.
00:19:46.612 --> 00:19:49.326
You're proving that you know what you're doing.
00:19:49.326 --> 00:19:50.269
What are they going to do?
00:19:50.269 --> 00:19:51.121
They're going to work with you.
00:19:51.121 --> 00:19:53.007
They're going to give you more money, right?
00:19:53.007 --> 00:19:54.290
They're going to want you to help them.
00:19:54.290 --> 00:20:00.181
So it's the best.
00:20:00.181 --> 00:20:01.688
It's almost like you know, people build out Facebook groups for that reason.
00:20:01.688 --> 00:20:03.535
Oh, you know, we communicate with them through there, which is great because that's ongoing.
00:20:03.535 --> 00:20:05.923
It's 24 seven and we certainly have support channels and whatever.
00:20:05.923 --> 00:20:12.303
But that extra weekly call where you actually physically see somebody and you can talk to them, whatever.
00:20:12.303 --> 00:20:13.644
I mean that's a game changer.
00:20:13.644 --> 00:20:20.343
So these are
things that we do and we give a lot of these ideas to companies and it kind of goes over their head or they're like to kind of head spinning.
00:20:20.383 --> 00:20:39.103
I literally had a meeting today with someone that would build that AI, for in the lending industry, they're a large broker and I said to them and you can say this to any broker lender that you deal with you can say listen, guys, I can show you how to double your revenue in a year.
00:20:39.103 --> 00:20:41.990
And they're going to be like how do I double my revenue in a year?
00:20:41.990 --> 00:20:45.673
Yeah, and you say all these leads that you're generating.
00:20:45.673 --> 00:20:47.099
You're generating for lending.
00:20:47.099 --> 00:20:51.420
When you come to work every day, you care about closing deals, right, yeah, that's all we care about.
00:20:51.420 --> 00:20:58.950
Okay, good, but you have businesses that are generating a decent amount of revenue, because it's the only way you're going to get them approved.
00:20:58.950 --> 00:21:04.781
If they do in at least 100 to 120 grand a year in revenue, oh yeah, so they have money to spend.
00:21:04.781 --> 00:21:06.404
They need to grow.
00:21:06.404 --> 00:21:08.828
They're probably using their money to grow.
00:21:08.828 --> 00:21:12.075
What if you provide them with marketing services?
00:21:12.075 --> 00:21:14.923
Website.
00:21:15.625 --> 00:21:16.770
Basic website.
00:21:16.770 --> 00:21:19.520
Their websites probably looks like garbage anyway.
00:21:19.520 --> 00:21:24.041
Uh, you know we do websites, so it's like I, I'd see some of these websites and I'm like I can't believe you.
00:21:24.041 --> 00:21:26.109
You actually went to market with this website.
00:21:26.109 --> 00:21:28.839
Uh, in none of them the seo is terrible.
00:21:28.839 --> 00:21:31.165
The on-page search is always bad.
00:21:31.165 --> 00:21:32.127
I, I don't.
00:21:32.127 --> 00:21:34.942
I honestly I don't know how people even find in half their sites.
00:21:34.942 --> 00:21:36.445
They don't have a Google business account.
00:21:36.445 --> 00:21:38.932
It's, it's just, it's, they're a mess.
00:21:38.932 --> 00:21:49.807
And even the local ones, like the local, the local search, local search is non-existent with these people and it's, it's wild that they're operating like this.
00:21:49.807 --> 00:21:54.467
But every one of them, I mean they're ready to go pay for ads and their website is junk.
00:21:55.851 --> 00:22:01.761
Yep, and that's the thing I see.
00:22:01.761 --> 00:22:05.318
I used to own consulting business, which I sold in 2010 to that investment fund when I mentioned before, and that's how I got into the fund.
00:22:05.318 --> 00:22:13.688
But when I would walk into a company selling consulting services back in a day, I would show them a big like pie chart from New York.
00:22:13.688 --> 00:22:26.536
So pizza is a big thing and I say, listen, here's your pizza pie, right, and you need you have eight slices, and these eight slices are basically eight different things that you need your funnel to work, your funnel.
00:22:26.536 --> 00:22:29.951
When you, if you only got four pieces when you ordered a pizza pie, what would you do?
00:22:29.951 --> 00:22:31.198
You probably give it back.
00:22:31.298 --> 00:22:32.843
Like something that's going on here, yeah.
00:22:33.344 --> 00:22:34.025
That's your funnel.
00:22:34.025 --> 00:22:39.586
If all eight pieces are not here, it's not going to work.
00:22:39.586 --> 00:22:43.297
All right, everything has to work together, right?
00:22:43.297 --> 00:22:48.289
So that's what I would go in and sell them and say, listen, sure, I can help you drive in leads, great.
00:22:48.289 --> 00:22:50.523
But it's going to collapse when it hits this point.
00:22:50.523 --> 00:22:57.166
Even if you are good at generating leads, let's just say your sales process sucks, you know, let's just say your sales process sucks.
00:22:57.166 --> 00:22:59.432
Let's just say your conversions suck, or whatever it is.
00:22:59.539 --> 00:23:01.808
And I learned a lot of companies cannot sell their own product.
00:23:01.808 --> 00:23:10.391
I mean, I've learned that over the years, so that was how I used to sell it back in the day, but for today, it's all about monetizing the data.
00:23:10.391 --> 00:23:18.422
And when I talked to that company today and I said, listen, guys, you're doing funding, great, you're making a lot of money, wonderful.
00:23:18.422 --> 00:23:21.223
But think about all the business that's in these leads.
00:23:21.223 --> 00:23:23.365
They generate like 8,000 leads a month fresh.
00:23:23.365 --> 00:23:25.666
They have over a million records to date.
00:23:25.666 --> 00:23:36.153
So we're building an AI for them to contact those million records that they won't even touch because it's too much, but AI obviously will just do that for them all day long and build out the conversation.
00:23:36.153 --> 00:23:39.035
So that's obviously what we're starting with.
00:23:39.174 --> 00:23:43.837
But I'm like you guys can easily double your revenue just by starting simple marketing services.
00:23:43.837 --> 00:23:46.689
And the great thing about it you can outsource everything.
00:23:46.689 --> 00:23:51.612
So they could just hire a salesperson, project manager, take these leads you already have.
00:23:51.612 --> 00:24:01.492
It's not like you have to go generate more leads and bring them through, offer the services, outsource it to any one of the 20 companies out there easily.
00:24:01.492 --> 00:24:11.144
That do all the outsourcing for all these types of services Like Vendasta is one just as an example and they'll do all the back end for you and you just project, manage it and sell it.
00:24:11.144 --> 00:24:14.531
You know, and make whatever you make on it and build that up.
00:24:15.240 --> 00:24:17.327
I mean, it's just, it's it's work.
00:24:17.327 --> 00:24:18.344
I'm not saying it doesn't.
00:24:18.344 --> 00:24:19.106
It's easy.
00:24:19.106 --> 00:24:21.689
You know it's an easy concept, but you still have to execute.
00:24:21.689 --> 00:24:24.229
But when you have free leads, how do you not make money with free leads?
00:24:24.229 --> 00:24:26.002
Right, so that that's the concept.
00:24:26.002 --> 00:24:28.130
With them, you already have the data, you already have the leads.
00:24:28.130 --> 00:24:29.625
You're just selling another service.
00:24:29.625 --> 00:24:32.669
And two, they need money and they need marketing.
00:24:32.669 --> 00:24:33.388
I mean, that's it.
00:24:33.388 --> 00:24:36.451
Of course they need more than that, but those are the two number one things that they need.
00:24:36.451 --> 00:24:39.433
If you ask me, because without those two things, how do you grow?
00:24:40.315 --> 00:24:40.795
That's right.
00:24:40.795 --> 00:24:41.675
I mean, what do you do?
00:24:41.675 --> 00:24:42.856
And people don't.
00:24:42.856 --> 00:24:45.670
They're terrible at sales, they're terrible at nurturing leads.
00:24:45.670 --> 00:24:53.127
They don't know what a sales funnel even looks like, or what software they need in order to build out a funnel, what the processes are.
00:24:53.127 --> 00:24:57.875
And, speaking of that, we talked about Google, we talked about Facebook.
00:24:57.875 --> 00:25:08.036
We haven't talked about YouTube, and I know that's getting to be much more popular when it comes to running ads, if your business can actually run ads on there.
00:25:08.036 --> 00:25:18.973
But what are some of the technologies, like a YouTube on the come up or places that you see are outside of Google and Facebook yeah, great places to start generating some leads from.
00:25:19.905 --> 00:25:20.386
To be honest.
00:25:20.386 --> 00:25:22.976
I mean we only do a volume.
00:25:22.976 --> 00:25:28.973
So Facebook's number one in terms of volume, youtube's number two and then Google's number three.
00:25:28.973 --> 00:25:31.492
So, youtube, you can definitely get good volume.
00:25:31.492 --> 00:25:34.851
It's going to cost you more money for the leads, but they are going to be higher quality.
00:25:34.851 --> 00:25:36.430
Google is going to be less.
00:25:36.430 --> 00:25:40.691
It is going to be higher quality but less volume and you're also going to pay for it.
00:25:40.691 --> 00:25:46.432
So, for example, one of our campaigns where we do all three uh, facebook will come in at like eight to 10 bucks.
00:25:46.432 --> 00:25:48.930
Uh, youtube could be like 18 to 20,.
00:25:49.791 --> 00:25:52.106
Uh, google is similar, maybe a little higher.
00:25:52.106 --> 00:25:54.493
It just depends if it's display or or whatever.
00:25:54.493 --> 00:26:03.728
Um, but you know, similar to YouTube, but YouTube will convert at like sometimes double, even triple than Facebook, you know.
00:26:03.728 --> 00:26:07.896
So, with the same exact ad running to a very similar audience.
00:26:07.896 --> 00:26:10.915
But you know the difference is and it depends on how you run YouTube.
00:26:10.915 --> 00:26:16.011
But you know Facebook is just straight display, right, so you're scrolling through.
00:26:16.011 --> 00:26:19.247
You have to have like an ugly ad or something that stands out.
00:26:19.247 --> 00:26:22.096
You know we put exotic cars and you have a Lambo and all that fun stuff.
00:26:22.096 --> 00:26:28.872
But you know we put that out there just to get attention and it works, of course, but you know it's like they're just scrolling through.
00:26:28.872 --> 00:26:30.717
Maybe I like it, maybe I don't.
00:26:31.244 --> 00:26:33.313
Google YouTube is more intent based.
00:26:33.313 --> 00:26:41.299
Right, they're either searching for it or it can definitely do really well in terms of targeting.
00:26:41.299 --> 00:26:47.811
But your targeting is going to be based on a lot of what they're searching for and what their history is right, where Facebook is kind of the complete opposite.
00:26:47.811 --> 00:26:48.755
You're kind of just guessing.
00:26:48.755 --> 00:26:54.696
So on Facebook, we just target business owners, business owners behaviors, and that's it, and it works.
00:26:54.696 --> 00:26:56.791
Right At the end of the day, it works.
00:26:56.791 --> 00:27:00.229
It's just not as high quality, but we do get a lot of data from it.
00:27:00.229 --> 00:27:00.650
It works.
00:27:00.650 --> 00:27:02.311
It's just not as high quality, but we do get a lot of data from it.
00:27:02.332 --> 00:27:13.166
Youtube less data, higher quality, but it's still profitable obviously, and when you mentioned you had said, hey look, I just get you know, you essentially give information away.
00:27:13.166 --> 00:27:13.886
I do the same thing with my agency.
00:27:13.886 --> 00:27:15.348
I'm like, yeah, sure, I mean you guys could do this yourself.
00:27:15.348 --> 00:27:16.150
Here's what you have to do.
00:27:16.150 --> 00:27:20.295
I just tell them they never want to do it themselves, right, they never want to do it.
00:27:20.295 --> 00:27:21.496
It's just too much work.
00:27:21.496 --> 00:27:23.999
I will literally lay it out for them.
00:27:23.999 --> 00:27:25.945
I'll say, look, I you know, if you guys want to do this.
00:27:26.046 --> 00:27:27.491
You set up your Google business.
00:27:27.491 --> 00:27:29.819
Here's how you do some on-page SEO.
00:27:29.819 --> 00:27:31.086
You know, you got to name all your images.
00:27:31.086 --> 00:27:32.748
You got to put titles and descriptions on them.
00:27:32.748 --> 00:27:35.090
You got to, you know, blog on a consistent basis.
00:27:35.090 --> 00:27:37.693
You got to get a list of long tail keywords.
00:27:37.693 --> 00:27:39.255
Those are going to be your blog topics.
00:27:39.255 --> 00:27:40.115
I put it all out there.
00:27:40.115 --> 00:27:40.916
Right, they don't want to do it.
00:27:40.916 --> 00:27:42.679
They just they don't have time to do it.
00:27:42.679 --> 00:27:45.807
People are they need to work on their business, not in their business.
00:27:45.807 --> 00:27:47.112
Right, and and?
00:27:47.112 --> 00:27:48.655
Is that your experience?
00:27:48.655 --> 00:27:55.853
And I mean you've been in the digital agency world, so I mean it sounds like you've got all this information, but it's like, who's going to do all that?
00:27:55.853 --> 00:27:57.454
Right, like all the stuff we've talked about.
00:27:57.454 --> 00:27:58.497
They don't know.
00:27:58.497 --> 00:28:00.920
They don't even know how to set up a Facebook ad account.
00:28:03.684 --> 00:28:04.472
Right, you're 100% right.
00:28:04.472 --> 00:28:08.713
And when I was doing consulting I would say, hey, listen, for a lot cheaper I'll just show you what to do.
00:28:08.713 --> 00:28:10.652
And you kind of just come up with me for questions.
00:28:10.652 --> 00:28:31.006
But here's the thing Go, even taking your I wasn't sure exactly what different businesses you have, but if you have an agency, you can take the model I just literally just said to drive in those leads at a cheap price, put them into a course where you guys run your own weekly call just to give them advice and help and whatever, and then back all those into your agency.
00:28:31.006 --> 00:28:32.731
So we're just going to tell you what to do.
00:28:32.731 --> 00:28:34.096
Put a course here, like you just said.
00:28:34.096 --> 00:28:34.786
You give it to them anyway.
00:28:34.786 --> 00:28:36.729
Here's exactly how you build everything out.
00:28:36.729 --> 00:28:37.789
Here's exactly what you do.
00:28:37.789 --> 00:28:44.559
I don't know if you do this already or not, but back that into a weekly call, say, hey, we'll even support you every week.
00:28:44.559 --> 00:28:46.229
Come on, be wherever you are, it doesn't matter.
00:28:46.229 --> 00:28:48.625
You know it costs a thousand bucks, whatever you want to charge.
00:28:48.625 --> 00:28:57.510
And just, I'd ever see, I never charge, I always charge what I need to for the, how much the leads cost and what my conversion rate is.
00:28:57.990 --> 00:29:04.009
So we literally one day because Facebook ads went crazy early this year, right, so you know, everything tripled.
00:29:04.009 --> 00:29:08.369
For us it was nuts, but what we did was all we did was just triple our prices.
00:29:08.369 --> 00:29:26.823
And we came out, we changed our services a little bit, but we did triple our prices, just to change because of Facebook screwed us up and it literally everything just worked out so and then, when everything came back down we went back down to a thousand dollars we said, hey guys, we're ending this service.
00:29:26.823 --> 00:29:39.605
We got this new service and because our lead cost, just you know, plummeted over the last like month, so anyway, uh, it's just funny, but, um, it's just crazy how we just literally price our stuff based on what we need to price.
00:29:39.605 --> 00:29:40.026
That you know.
00:29:40.046 --> 00:29:42.750
That's what it is yeah, that's it.
00:29:42.750 --> 00:29:44.791
That's what I tell a lot of companies.
00:29:44.791 --> 00:29:46.013
Just price it what you need to.
00:29:46.273 --> 00:29:50.700
Yeah, are you using like a Kajabi or something to do your courses?
00:29:50.700 --> 00:29:51.361
What do you prefer?
00:29:53.184 --> 00:29:53.746
So we only use WordPress?
00:29:53.746 --> 00:29:55.470
I'm pretty sure we use LearnDash.
00:29:55.470 --> 00:29:59.317
Is the actual software on WordPress that we use to manage everything?
00:29:59.317 --> 00:30:04.670
I'm pretty sure it's LearnDash, and yeah, that's it.
00:30:04.670 --> 00:30:05.652
I only do WordPress.
00:30:05.652 --> 00:30:09.798
I don't use ClickFunnels or Kajabi or anything else.
00:30:10.944 --> 00:30:11.326
LearnDash?
00:30:11.326 --> 00:30:12.650
I haven't even heard of that and I do.
00:30:12.650 --> 00:30:14.335
That's all we do is WordPress.
00:30:14.335 --> 00:30:17.029
I mean, people try to use all these other platforms.
00:30:17.029 --> 00:30:20.597
I'm like, look, you're going to get stuck in this gated wall, walled garden.
00:30:20.597 --> 00:30:22.201
You might as well just use wordpress.
00:30:22.201 --> 00:30:23.282
You could do whatever you want with it.
00:30:23.282 --> 00:30:26.770
You have complete access over, you know, to control over everything.
00:30:26.770 --> 00:30:28.936
You know like a like a shopify or something.
00:30:28.936 --> 00:30:52.010
Everybody wants to put everything on shopify and I'm like, oh man, yeah, I mean, they've got great plugins and things like that, but you're gonna be stuck in their system, you know, and it's just what it is.
00:30:52.030 --> 00:30:57.073
and if you got wordpress, I mean what is like 60% of the websites on the web or using WordPress or something like that so, yeah, it's crazy.
00:30:57.073 --> 00:31:03.214
It's funny because it didn't make sense to me, Like when we started doing this stuff in 2017, we started building up courses.
00:31:03.214 --> 00:31:04.095
I looked at ClickFunnels.
00:31:04.095 --> 00:31:05.455
I'm like this is so limited.
00:31:05.455 --> 00:31:06.756
Like why would anybody use this?
00:31:06.756 --> 00:31:08.977
But it's for people who are just starting right.
00:31:08.977 --> 00:31:10.336
I mean, that's really, I guess, the concept.
00:31:10.336 --> 00:31:12.258
But you know, ClickFunnels is now.
00:31:12.258 --> 00:31:23.181
You know, it's normal to have a ClickFunnels type service where, when they first started, obviously it wasn't really around, so you really had to know what you were doing in order to build stuff out.
00:31:23.181 --> 00:31:26.582
So there's always someone who needs that type of stuff.
00:31:27.042 --> 00:31:36.748
But, yeah, even the CRM industry automated software- all that stuff just came so far over the last six years.
00:31:36.748 --> 00:31:40.037
Oh, and you could patch your own system together with different things.
00:31:40.037 --> 00:31:46.203
I mean it's like you don't have to spend all that money on a salesforce or you know any of these other softwares that are out
there.
00:31:46.203 --> 00:31:46.866
I mean you could patch.
00:31:46.866 --> 00:31:48.556
You could patch some stuff together, you know.
00:31:48.556 --> 00:31:56.326
I mean it's it's not super difficult but everybody wants like the hub spot solution or something you know and it's right and we tried them out.
00:31:56.467 --> 00:31:57.788
There's like three grand a month.
00:31:57.788 --> 00:32:01.794
When we started using it I was like why are we doing this?
00:32:01.794 --> 00:32:06.480
Just didn't make sense to spend all that money for something that you can do for way less.
00:32:06.480 --> 00:32:12.333
And of course, you have to know what you're doing and most people don't, and it is what it is.
00:32:12.333 --> 00:32:14.161
But with Zapier you can obviously connect anything to anything if needed.
00:32:14.161 --> 00:32:16.406
I hate Zapier, so we try not to use it.
00:32:16.406 --> 00:32:23.940
I like to use API, as I said, but cause it does break a lot or at least it did for us or not break, but it just like stopped.
00:32:23.940 --> 00:32:28.560
It just stopped working and then you just have to oh, I have to read my guys Like I just have to restart it.
00:32:28.560 --> 00:32:30.530
I'm like why do we have to keep restarting?
00:32:31.272 --> 00:32:33.969
all the time so it can reconnect.
00:32:33.969 --> 00:32:34.750
Yeah, it's just.
00:32:34.750 --> 00:32:36.135
Yeah, it's going to lose its connection.
00:32:36.135 --> 00:32:42.195
Well, I you know, and I'm sitting here looking at your logo behind you on your thing and I'm like, wow, you know somebody who does logos.
00:32:42.195 --> 00:32:54.440
I really appreciate the simplicity of it and the fact that you've highlighted with those those lines, those horizontal lines there PFS, because you know, philip ends in a P and F is your middle initial and Smith super smart.
00:32:54.440 --> 00:32:58.076
I don't know how many people would pick up on it, but I appreciate it.
00:32:58.076 --> 00:33:02.606
It looks really cool on it, but I appreciate it.
00:33:02.606 --> 00:33:03.028
It looks really cool.
00:33:03.028 --> 00:33:17.391
And also people, uh, if you want to go check out his website and you want to go check out what he does and learn a lot more, uh, you know, from a five-time Inc 5,000 honoree and a guy who's working with uh people from shark tank, it's a Philip F Smithcom, right?
00:33:17.391 --> 00:33:19.615
Yep, is that the uh?
00:33:19.615 --> 00:33:20.217
Is that the?
00:33:20.217 --> 00:33:21.684
Is that the site you want to cause?
00:33:21.684 --> 00:33:23.431
You have a couple of websites out there, correct?
00:33:23.570 --> 00:33:26.411
Yeah, it's fine that, that that one just is the easiest one.
00:33:26.853 --> 00:33:30.548
And you get home and how do you get people on, like these television stations and everything?
00:33:30.548 --> 00:33:31.289
I mean, that's another.
00:33:31.289 --> 00:33:38.957
Another thing we didn't even bring up is, uh, you know, helping people to get
on, you know, Fox business or whatever it is.
00:33:42.005 --> 00:33:42.145
Yeah.
00:33:42.145 --> 00:33:47.617
So it's funny, someone approached me by the end of 2022 about getting on TV and I'm like, wow, that's a really cool service.
00:33:47.617 --> 00:33:48.647
I'm like sure, I'll do it.
00:33:48.647 --> 00:33:51.016
So I went through the process, just to go through the process with them.
00:33:51.016 --> 00:33:52.787
I said, well, why can't we do this?
00:33:52.787 --> 00:33:54.068
So it took us a few months.
00:33:54.068 --> 00:33:57.353
We connected with pretty much every major city.
00:33:57.353 --> 00:34:10.617
We have over 60 cities now and we can get you on ABC, nbc, cbs, fox, even Bloomberg, some others, nasdaq, and it just depends on where you're at what you want to do.
00:34:10.617 --> 00:34:16.438
Then we added on Kevin Harrington, so you can be interviewed by Kevin or with Kevin on TV.
00:34:16.438 --> 00:34:18.788
Yeah, it's just a cool service.
00:34:18.847 --> 00:34:20.791
So, obviously's not.
00:34:20.791 --> 00:34:26.851
You know, I always tell people it's not really about being on TV and what you get by being on on the show.
00:34:26.851 --> 00:34:35.005
It's more about using that content and your online marketing, because that's going to elevate you very quickly and utilize that in your online marketing.
00:34:35.005 --> 00:34:39.907
And, obviously, your brand building, because building your brand obviously is very important and everybody should start that right away.
00:34:39.907 --> 00:34:49.318
So, but that, that literally somebody just approached me about it and the way I think and I'm sure, same thing with you you just say, well, how can I make money with that?
00:34:49.318 --> 00:34:51.211
So I'm like I could build this out.
00:34:51.211 --> 00:34:53.371
There's nothing proprietary about this.
00:34:53.371 --> 00:35:03.349
It's just literally putting the effort in to build the network, and what we learned real quick was that we only really need access like five people to get access to everybody.
00:35:03.690 --> 00:35:06.257
We didn't know that at first, of course, but we started learning.
00:35:06.806 --> 00:35:21.451
And then we realized that there's just networks out there that once you get into a network, they give you 25 cities, this one gives you another 20 cities and whatever, so anyway, so yeah, it's just a cool service because I mean, we just literally can elevate you from here to here instantly.
00:35:21.451 --> 00:35:27.257
And TV, still from a branding perspective, is way better than YouTube and Instagram and anything you do online.
00:35:27.257 --> 00:35:32.302
People just look at you differently when they see that you've been on an NBC show or whatever.
00:35:32.884 --> 00:35:35.331
Oh, yeah, then some influencer's channel or whatever.
00:35:35.331 --> 00:35:41.536
Yeah, oh for sure, because it's still got that cachet of well, it's ABC, it's CBSbs.
00:35:41.536 --> 00:35:41.896
He must have.
00:35:41.896 --> 00:35:46.577
You know, they must really, you know, want him and there's something, he's got something here.
00:35:46.577 --> 00:35:49.532
If they want to put him on the show, so, yeah, what is the?
00:35:49.532 --> 00:36:01.115
So I'm really interested in that actually because, uh, you know, I'm, I'm part of this whole cincinnati startup ecosystem here and you've got a lot of people with good ideas and I feel like they struggle to get that kind of media exposure.
00:36:01.115 --> 00:36:04.813
What kind of investment are people looking at in order to get that?
00:36:04.813 --> 00:36:06.746
Are there different packages that you sell?
00:36:06.746 --> 00:36:07.530
Like, how does that work?
00:36:08.233 --> 00:36:13.311
It depends on the location, but let's just say an average of anywhere between two and four grand.
00:36:13.311 --> 00:36:14.172
That's it.
00:36:14.172 --> 00:36:15.876
Yeah, it's not a lot of money.
00:36:16.144 --> 00:36:16.927
No, that seems great.
00:36:16.947 --> 00:36:18.389
We also just don't charge a lot of money.
00:36:18.389 --> 00:36:20.835
I'm always like let's drive the price down.
00:36:20.835 --> 00:36:22.137
That's how I've always been.
00:36:22.137 --> 00:36:23.190
I don't like to overcharge.
00:36:23.606 --> 00:36:31.652
If you want Kevin on, yeah, that's 15 grand, which is still great, if you ask me, because, again, you can use the content forever.
00:36:31.652 --> 00:36:38.150
How do you not make a profit off content if you can use it forever when you have a brand, these brands, attached to it?
00:36:38.150 --> 00:36:45.628
But yeah, on average, two to four grand.
00:36:45.628 --> 00:36:47.737
If you want to be in, like New York City, it's going to be over 10 easily, but you don't really need to be.
00:36:47.737 --> 00:36:50.827
That's why I tell people like you can be anywhere, it doesn't matter, and you can even do it from on Zoom.
00:36:50.827 --> 00:36:51.951
You don't have to be in person.
00:36:51.951 --> 00:37:02.186
So I've done in person, I've done Zoom, I've done all of it.
00:37:02.186 --> 00:37:12.456
Then what I do is I take the content, just like you know, you would take a podcast and just cut it up right into these 10, 20 second segments and just keep putting that stuff online and it just makes you, you know, look better yeah, and you tie all that into your social media efforts and, yeah, you're going from there.
00:37:12.538 --> 00:37:16.994
And next thing, you know, you got, you know, months worth of content off of one show.
00:37:16.994 --> 00:37:25.693
So that's how long do these interviews usually last that you get these people on like say it was like a fox business or something it depends.
00:37:25.873 --> 00:37:30.389
They're typically going to be no more on again.
00:37:30.469 --> 00:37:41.657
On average, no more than five minutes okay, oh man, that's a lot of time to yeah, you pre-submit your question, you already know what your questions are going to be, so you're prepared
and whatever.
00:37:41.657 --> 00:37:43.952
And some of them are live, some of them aren't.
00:37:43.952 --> 00:37:47.315
I always recommend not doing live if someone's brand new and they're nervous.
00:37:47.315 --> 00:37:51.994
But my first one that I did last year I did in Connecticut.
00:37:51.994 --> 00:37:56.505
It was on NBC and I didn't know it was going to be live until I got there and I'm like, oh, it's live.
00:37:56.505 --> 00:37:58.186
I I'm not.
00:37:58.186 --> 00:38:00.688
Even though I do this stuff a lot, I still get nervous.
00:38:00.688 --> 00:38:02.688
I'm not a great speaker.
00:38:02.688 --> 00:38:05.389
Even though I do my own events, my own events, I'm fine.
00:38:05.389 --> 00:38:08.472
But, um, I usually need some tequila, to be honest.
00:38:08.492 --> 00:38:10.793
You're a long Island guy, this comes natural to you guys.
00:38:10.793 --> 00:38:11.972
You're fine, you'll be all right.
00:38:12.514 --> 00:38:13.813
But uh, yeah, I.
00:38:13.813 --> 00:38:15.775
I do get nervous, though, but your power through it.
00:38:15.775 --> 00:38:15.974
You know.
00:38:15.974 --> 00:38:16.536
You know it is.
00:38:16.536 --> 00:38:17.735
You got to get out of your comfort zone.
00:38:17.735 --> 00:38:18.737
It doesn't matter what it is.
00:38:18.737 --> 00:38:21.137
Get out of your comfort zone and just move forward.
00:38:21.137 --> 00:38:22.599
It's the only way you're going to advance your career.
00:38:23.239 --> 00:38:24.278
That's 100% true.
00:38:24.278 --> 00:38:25.300
That's 100% true.
00:38:25.300 --> 00:38:26.079
Stop being scared.
00:38:26.079 --> 00:38:27.380
Work with somebody.
00:38:27.420 --> 00:38:32.003
I mean, from just what I understand about you, I mean working with you, working with your services.
00:38:32.003 --> 00:38:48.302
I mean this could save people years of just grinding and trying to get out there and trying to promote their business, especially if it's a startup.
00:38:48.302 --> 00:38:48.905
And you know, we kind of learned that the hard way when we did ours.
00:38:48.905 --> 00:38:49.476
Now I would just save the time.
00:38:49.476 --> 00:38:52.954
Just go to somebody like you and say, look, I need help, help me with this, help me with you know, run some ads for me.
00:38:52.954 --> 00:38:54.197
Help me with my lead generation.
00:38:54.197 --> 00:38:55.666
Hey, can you help me build a funnel?
00:38:55.666 --> 00:38:58.168
Yeah, I'll take a look at this course you got going on.
00:38:58.168 --> 00:38:58.788
I mean, just do that.
00:38:58.788 --> 00:39:00.088
Yeah, I'll take a look at this course you got going on.
00:39:00.088 --> 00:39:00.530
I mean, just do that.
00:39:00.530 --> 00:39:00.909
Like you know.
00:39:00.909 --> 00:39:02.530
Stop trying to figure everything out yourself.
00:39:02.530 --> 00:39:03.771
That's the whole thing.
00:39:03.771 --> 00:39:05.052
I think that's a problem people have.
00:39:05.052 --> 00:39:11.117
They think they have to figure stuff out themselves in order to save money, but then they end up blowing a bunch of their time away.
00:39:11.117 --> 00:39:13.980
So that's what it is.
00:39:14.000 --> 00:39:16.382
Well, phil man, this has been great.
00:39:16.382 --> 00:39:18.925
I love meeting people like you.
00:39:18.925 --> 00:39:19.887
I mean, we're kind of in the same industry.
00:39:19.887 --> 00:39:22.653
I mean, some of the services you offer sound like.
00:39:22.653 --> 00:39:25.018
I mean these are things that I'm going to be sending people your way for.
00:39:25.018 --> 00:39:29.637
So I mean this has been a great time and I really appreciate you being on the show.
00:39:29.637 --> 00:39:37.652
And again, guys, if you want to check out Phil's philipfsmithcom, check out his website and all the services he offers.
00:39:37.652 --> 00:39:41.896
I mean it's a ridiculous amount of accolades you've been able to accumulate over the years too, by the way.
00:39:41.896 --> 00:39:44.257
So congratulations on everything you do.
00:39:45.378 --> 00:39:45.940
I appreciate it.
00:39:45.940 --> 00:39:47.320
Thank you for having me man, it's been fun.
00:39:47.621 --> 00:39:48.481
Yeah, have a good one.
00:39:48.481 --> 00:39:51.614
Thanks for joining us on this week's episode of Side Hustle City.
00:39:51.614 --> 00:39:53.431
Well, you've heard from our guests.
00:39:53.431 --> 00:39:55.047
Now let's hear from you.
00:39:55.047 --> 00:39:57.952
Join our community on Facebook, side Hustle City.
00:39:57.952 --> 00:40:07.632
It's a group where people share ideas, share their inspirational stories and motivate each other to be successful and turn their side hustle into their main hustle.
00:40:07.632 --> 00:40:10.931
We'll see you there and we'll see you next week on the show.
00:40:10.931 --> 00:40:11.744
Thank you.