15 of the Best Podcasts for Entrepreneurs in 2021: Looking Ahead!

Being an entrepreneur is a tough, lonely life at times. We’re the ones who trade nights out with friends or Netflix binge-watching sessions for strategy meetings and business growth development. We often spend a lot of time on the road, and in our travels, so podcasts can be a great way to learn some new business strategies, get inspired, or hear the best hard-fought success stories out there. That’s why I hand-picked 15 of my best podcasts for entrepreneurs for 2018 here.

I love listening to podcasts. Often when I’m knee-deep in editing and formatting, I put on a podcast or two to inspire me while I catch all those typos and missing hyperlinks. It can be a great way to spend a few hours on the road too. You can often catch me listening to a few of my favorite podcasts on a long flight to a conference. The best podcasts make the time go by so much faster, right?

What makes a great podcast for business leaders?

A great podcast for entrepreneurs is defined by a simple principle — are you going to learn something meaningful that you can implement into your life and business strategy? Great podcasts not only entertain, they inform. They provide insights you can’t get anywhere else. When I become addicted to a podcast, it’s usually because the interviews are fresh. And, when the interviewers are curious, I know I’m going to learn something.

I’ve chosen these top podcasts for entrepreneurs with you all in mind. Not only do business owners need motivational and inspirational, we need strategies that we can actually use.

The Best Podcasts Let You In

The greatest podcasts — full stop — are the ones that aren’t afraid to go there. By ‘there’, I mean to let us into the struggles, the failures, the times in the entrepreneurial journey that aren’t so great. I’ve listened to hundreds of podcasts in my own personal journey as an entrepreneur. These are the best business podcasts that I personally bookmark, go back to, and listen again, and again. Some are geared towards the small business owner, some help you with your inner game, some share practical insights and strategies.

Making this list I was reminded of how vital it is to listen to other’s stories of failure and success. We all can’t get to meet the influencers and leaders of our day in real life, so podcasts are a great way to ‘sit at the table’ with these leaders. I love when I learn a new tidbit, strategy or insight from someone that I thought I knew. Podcasts can do all of that. I encourage all of you to take some time this week and just listen. Hey, you just might learn something!

Without any further ado, here are the best podcasts for entrepreneurs in 2018!

1.The Gary Vee Audio Experience

There is no holding back when it comes to the real deal advice, candor, and discussions you get with Gary Vaynerchuk. We’ve been a fan for many years, watching as he continues to grow his media empire.

This podcast is filled with informative strategies and advice from the master of ‘tell it like it is’ entrepreneurial advice. The future is audio, claims Gary Vee and you can tell he puts a lot of time and effort to bring business leaders the information and strategies that we need. You’ll get a mix of relaxed, informative talks as well as the feature where you can ask Gary anything in #AskGaryVee show episodes.

2. The Joe Rogan Experience

Whether you are already a fan of Joe Rogan or not, this is a great podcast. While some might not consider this a typical entrepreneurial podcast, I say this is one of the best around. With topics such that tackle the future of work and life as we know it, Joe Rogan doesn’t shy away from the controversial topics as well.

He also covers topics such as health, fitness, and is a big supporter of the cannabis movement. While this podcast does feature heavy hitters and celebrities, the discussions are frank, honest, and always entertaining.

Watch Joe Rogan interview author, director, and anthropologist Sebastian Junger. They discuss modern society, namely the cutoff existence we all find ourselves in, which can be lead to nation-wide depression. As the future of work changes, these kinds of discussions are so important:

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3. The Tim Ferris Show

With over 300 million downloads, best of iTunes accolades, the Tim Ferris Show isn’t going anywhere any time soon. Tim has interviewed thousands of business leaders as well as celebrities in his own style, full of gritty strategies and business truths.

Covering everything from Blockchain, to the inner game of the entrepreneur, Tim keeps the content fresh, inviting and definitely entertaining. If you are looking to up your business goals, this is a great place to visit and have a listen.

4. The Motivational Millennial Podcast

With a focus on the inner game of the entrepreneur, hosts Ivy LaClair and Blake Brandes speak with a myriad of leaders, from musicians to business leaders all with the goal to discussing our purpose on this planet.

If you need some insights on how to get your mindset geared towards success, this is a great podcast to spend some time with.

5. The Growth Now Movement

If you want to manifest greatness in your life and in your business, the Growth Now Movement podcast is definitely worth your time. With interviews from Fitness Gurus, business leaders, stand-up comedians, this edgy podcast delivers the hustle and strategies social impact leaders like you need to grow your business. Entertaining and educational, this is a podcast you won’t want to miss.

Check out this interview with stand-up comedian, actor, reality tv host, Bert Kreischer on storytelling (and how not to lose your virginity). Did I say this was entertaining?

6. Entrepreneurs on Fire with John Lee Dumas

Seven days a week, host John Lee Dumas releases another entrepreneurial gem, interviewing celebrities, business leaders in this interview-style podcast that has certainly caught fire over the past few years. Interviews with leaders such as Seth Godin, Tony Robbins, Tim Ferris, Barbara Corcoran and more share their strategies for growth, insights into their successes and failures and so much more.

Check out our very own CEO and Founder of Change Creator, Adam Force imparting some truth bombs on the Entrepreneurs on Fire.

7. Leadership and Loyalty with Dov Baron

Dov Baron is a master leader and inspirational speaker. We also featured Dov on our Best Leadership Podcast super list!

Dov is a one-of-a-kind motivational speaker that tells us, not what we want to hear, but what we need to. His frank candor and energy is refreshing and cuts through the noise online. Let’s face it, being a business leader is a tough life and Dov makes nothing sound easy, but what he does do is offer valuable business insights, tough-talking points we need to hear, and motivation in the form of practical tips we all need to implement.

8. Addicted to Success with Joel Brown

Joel Brown is a superhero in the Change Creator world. Not only is he our Issue #3 cover story, we consider him a dear friend and inspiration around here. With the Addicted to Success podcast, you can feel his immense energy, his natural curiosity, and interest in his subjects at every turn.

Joel interviews startup founders, business leaders, small business leaders, founders, motivational speakers, celebrities and more on his podcast. Joel’s interviews continue to be a leading source of motivation and real actionable business strategies along our own entrepreneurial journies here at Change Creator.

One of the insights he shared with us in our exclusive interview with Change Creator, way back when in Issue #3 was the principle of Time vs Energy. We’re all given the same amount of time in each day, it’s how we spend our energy that really matters and one listen to the Addicted to Success podcast shows how much energy and passion Joel puts into his podcasts.

Two of our favorite Addicted to Success podcasts from 2018:

Garrain Jones is a transformational leader and public speaker who is all about breaking through barriers. Here Joel and Garrain talk about living a courageous life, full of passion discussing the power of telling a great story, how that can expand your network and net worth.

Getting your impact story out there is vital if you want to succeed as a purpose-driven entrepreneur and in today’s world, there’s no better way than to actually get on a podcast! If you want to break through the digital noise and not only secure a spot on the top podcasts, but have a podcast that will truly inspire and breakthrough, then listen to this interview which clearly outlines the simple, effective steps you can take to get interviews.

9. Tony Loyd — Social Entrepreneur

The passion for social impact shines through in Tony Loyd’s podcast as he interviews some of the world’s greatest social entrepreneurs with wit, humor, and genuine interest. Listen to some of the most provocative, soul-changing business stories from the front lines of social impact in this podcast that is a definite must-have on our best entrepreneurial podcasts for 2018 list!

Tony Loyd also interviewed our fearless leader, Adam Force as well. Listen to his interview as the two fellow, mission-driven entrepreneurs and podcasters swap stories. How do you make a living doing something meaningful? They discuss Adam’s personal story and early businesses before Change Creator and the transformational journey that Adam had leading up to Change Creator. This interview was done just before Issue #4 and is packed with early insights on what motivated Adam to start and grow Change Creator from the beginning.

10. Perpetual Traffic Podcast

Here’s where we get to the nitty-gritty of marketing and building your business online. Learn tips from the pros on how to lower your ROI costs, delve successfully into the world of Facebook marketing, get more relevant traffic and more. A must for any business leader that wants to grow their online presence and make more money.

The weekly podcast is produced by Digital Marketer and hosted by Keith Krance, Ralph Burns (Dominate Web Media) and Molly Pittman (Digital Marketer). Not only do they share their personal growth hacking insights, they often interview real business owners and discuss the struggles, challenges, and nightmare scenarios they overcame in the world of digital marketing. Learn the secrets of how to create passive income, gain more followers, get more conversions, and organic traffic from real deal experts and business owners.

11. Your Kick-Ass Life Podcast with Andrea Owen

You are going to need to have a kick-ass life if you want to be a kick-ass entrepreneur. Andrea Owen isn’t afraid to dig deep into life, her own experiences, and story to share insights on how to live a kick-ass life. Geared toward the busy, hustler generation, Andrea’s thoughts on everything from the mental game, goal setting to technology are fresh and fun. Tips on things such as social blocking and productivity are helpful, I’ve learned a lot about time management and goal setting on this quirky podcast.

12. The School of Greatness Podcast with Lewis Howes

“You can ride a wave or you can start a wave.”

Former professional football player Lewis Howes is next on my list with The School of Greatness podcast. Not only does he seem to pull out great stories from all of his guests, this podcast is full of actionable advice that we all need to hear.

A great question-asker, Lewis seems to pull the best stories, insights and truth from his guests and it’s a pleasure to listen too. With interviews from professional athletes, the best business minds in the country, influencers and celebrities, there is something for every business owner, no matter how far or how long you’ve been on this journey.

Humble the Poet — A Lewis Howes Exclusive

Lewis Howes interview with spoken word poet, Humble the Poet is a great example of why I love this podcast so much. With sharp candor and fresh insights, Humble the Poet shares how we control our destiny — it is up to all of us to start our own wave and keep going. That’s what I love about this episode, watch here:

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13. The Smart Passive Income Podcast with Pat Flynn

Passive income is a dream. If you can make money in your sleep, you have a business, if not, you’re still just trading time for money. In this podcast, Pat Flynn breaks down the challenges of earning passive income while providing some proven strategies to earn money online. Here you’ll get into the more tactical information too, like how to write sales copy that works, how to earn more media exposure, and how to run a contest to build your email list. If you want to grow your online business, I strongly encourage you to bookmark this podcast and come back often.

14. Unemployable with Brian Clark

Brian Clark, founder of Copyblogger and 7 other companies hosts this podcast where he interviews business leaders and influencers to talk about the challenges and pitfalls of entrepreneurial life. With topics that cover the fundamentals, such as entrepreneurial habits, to insightful interviews from all parts of the business journey, Unemployable is a go-to podcast for any serious business owner. Listen to one of my favorites, about a partnership gone wrong, that worked out so good: Picking Up the Pieces when a Partnership Implodes, with Jordan Harbinger.

15. Change Creator Podcast with Adam Force

This list would not be complete without a shoutout to our very own leader of the Change Creator crew, Adam Force. The Change Creator podcast features the world’s most successful business leaders, marketing and branding professionals, celebrities, and influencers. It’s a great mix of practical insights and storytelling from the front lines.

With interviews and frank discussions from world leaders such as Nobel peace prize winner Muhammad Yunus, marketing guru, Seth Godin, motivational superstar, Jay Shetty, just to name a few, the Change Creator podcast is a fresh take on modern business, with a social impact twist.

In the Change Creator podcast, we get to see the intensely curious Adam Force delve deeper into the lives, challenges, and strategies from the most successful leaders on our planet all with the goal of helping others grow their business and their impact.

I have personally listened to most of these interviews, but I do have some favorites, of course. One of my personal favorites is when Adam interviewed social activist, Sonya Renee Taylor to discuss how she grew her business, The Body Is Not An Apology form a poem to a worldwide phenomenon. I also was deeply moved by his exclusive interview with Dr. Muhammad Yunus — Solving Big Social Problems with Small Steps which showcases a personal and professional high for sure.

Some of the other Change Creator podcasts that make it to my top ten list are:

Kelly Campbell

Kelly Campbell: How She Sold Her Second Company and Created a New Meaningful Business She Loves — Adam and Kelly share an honest, lively discussion on how she went from an agency owner to helping agency owners grow their businesses.

Jake Orak Follow-Up

Jake Orak: How do you lean into your social mission to differentiate your business? Here our first cover story, Jake Orak breaks down the real struggles and challenges he went through growing Ethnotek bags. It is a refreshing look into what can really happen when you are on the ground running a social impact business.

Jay Shetty

Jay Shetty: What is Storytelling and What Makes a Good Story? This podcast features the captivating and well-spoken Jay Shetty, an online phenomenon. Here he breaks down the strategies behind his viral videos and what’s led him to this massive success he’s found online.

Guy Kawasaki

Guy Kawasaki: Pulling Back the Curtain on Startup Success – Listeners get to sit at the table with one of the most successful entrepreneurs on the planet as Adam and Guy dig deep into what it really takes to grow a startup.

Mallika Dutt

How to Use Pop Culture to Tackle Human Rights with Mallika Dutt — This was one of the earlier podcasts but it still holds a special place in my heart as I was introduced to one of the fiercest rabble-rousers out there, Mallika Dutt. As a woman entrepreneur and leader, she shares her strategical approach to rapid growth and starting a movement that saved women’s lives with Breakthrough.

Seth Godin

Seth Godin: What it Takes to be a Great Leader That Impacts the World — You would never know that Adam had mere minutes to prepare for this interview with Seth Godin as their candor and discussion is hyper-focused and right on point. We’re still talking about the insights in this podcast around these parts, as Seth breaks down the role of leadership in these changing, exciting times.

Dov Baron

Dov Baron: How Do You Find Purpose and Build Your Personal Brand — Sometimes a podcast can come into your life and just knock your socks off! That’s what happened to me when I first listened to this exclusive Dov Baron interview full of passion and kick-me-in-the-face truths all entrepreneurs need to hear (even if we don’t want to).

Bustle

And finally to round off my top ten:

Interview with Bryan Goldberg and Kate Ward from Bustle: This is always going to be known as the interview that made me want to join Adam as a partner here at Change Creator. For several months, Adam and I talked and strategized about scaling this media company, but I was super hesitant to jump in and really take it on. Then, he shared this interview. The rest, as they say, is history. Bryan and Kate showed me the possibilities in growing a media company and from that moment on, it’s all I’ve wanted to do with my life. That’s the power of a great interview. Thanks guys!

 

FAQ: Frequently Asked Questions

What podcasts do successful people listen to?

Successful people surround themselves with inspirational people. They love to listen to podcasts for leaders, such as the Dov Baron podcast, or they like to listen to the popular ones such as The Tim Ferris Show, Masters of Scale, but we would also recommend the Rise Project.

What podcasts do CEOS listen to?

If you want to be the CEO of your company, you need to listen to the podcasts that leaders do. We recommend the Leadership and Loyalty Podcast with Dov Baron, Coaching for Leaders with Dave Stachowiak and Dose of Leadership with Richard Rierson.

How do I start a podcast for my business?

Before you start a podcast, think about what your audience is most interested in and go as niche as possible with your topic. Find smart, niche-related people to talk to and map out your first 10 podcast interviews. Invest in a decent microphone and editor. You can get up and running fairly quickly if you have a plan.

My Final Thoughts

And there you have it — 15 killer entrepreneurial podcasts you have to listen to this year and beyond. Listening to podcasts can have a huge effect on your life and on your business. I implore you to take some time and have a listen.

Do you have any awesome entrepreneurial podcasts I haven’t included? Comment below with your top picks and I just might add them to my list.

You might also enjoy:

23 of the Best Leadership Podcasts You’ll Love [New 2019 Picks!!]

Fresh E-commerce E-mail Ideas: There’s More to E-commerce Emails than Discounts

How happy are you with your email newsletter?

I recently surveyed a group of ethical business owners, and this was the first question.

To my surprise, not a single respondent gave their newsletter a 10 out of 10.

The best rating was a 7, and the overall result averaged at 5.

Let me be brutally honest: that’s not the way we’ll win the fight against the climate crisis, change shopping behaviour, make the new economy flourish, or achieve the Sustainable Development Goals.

No! 

If we want to make an impact, we need to send emails that we’re proud of.

Because here’s the thing:

  • Half the global population uses email, and that number is growing every year. There’s no better way to reach so many people at so little cost.
  • Just by sending great emails, you can make a difference in people’s lives — and grow your audience without spending big bucks on ads. (Listen to the Change Creator podcast episode with Sam Parr for a great example.)
  • Email lets you segment and personalise each reader’s journey to sustainability and adopting your products at scale — in a way that no other marketing tool can.

In this article, I’ll focus on that journey.

You’ll learn how your business can…

  • send emails that add value and engage your readers,
  • set up the sale in a way that resonates with conscious consumers, and
  • convert more people to a more sustainable way of life.

Why Should You Be Careful With Discount Codes in Your Emails?

Ever heard of “customer journey mapping”?

In copywriting, we like to map people’s journey along Eugene Schwartz’ Stages of Awareness:

  1. Unaware: This person has never heard of you, your product, or the problem you solve.
  2. Problem Aware: They sense they have a problem and may even be searching for a solution — but they haven’t found it yet. (Or they sense a desire but they’re not sure how to get there.)
  3. Solution Aware: They know what result they want to achieve, but they have no idea that your product/service can help them.
  4. Product Aware: They know what you sell, but they’re not sure it’s right for them.
  5. Most Aware: They know your product and that it’s perfect for them. Given the right deal, they’re ready to buy!

Emails are so powerful because with a bit of segmentation, you can help each reader along their journey:

Someone might be searching for a solution for their problem, find your website and sign up for your emails because you promise to help them with their problem. Over time, they discover how your product or service can solve their problem. They get to know your offer, and eventually they’ll be convinced that it’s perfect for them. Then, in that fateful email, you offer them a discount code — and the deal is closed.

However, let’s say someone finds your website and you offer them a discount code right from the start. A number of things might happen:

Scenario A

They’re already a fan of your product (most aware), so they’re delighted about the special offer. They sign up to your newsletter just for the code and place their order straightaway. Congratulations! You now have a new subscriber who’s hungry for more discount codes and trained to expect them.

Scenario B

They’re product aware. Depending on the cost of your products, they might just go ahead and sign up for that discount code. (After all, if the product’s not right for them, they’ll be able to return it.) Congratulations! You now have a new subscriber, and if your product has to be experienced to be believed, you also have a real chance of winning a new customer.

Scenario C

They’re unaware, problem aware or solution aware. In other words: not ready to buy from you. They may sign up to get the discount code, but it’s likely to sit in their inbox unused until it expires.

In summary, discount codes can train people to expect lower prices, place orders with the plan of returning the item, or fail to resonate altogether.

Those are just the reasons why ANY business should beware of overusing discount codes.

I’m writing this for Change Creator, so I’m guessing you care about the next point too:

For Change Creator Businesses, the Customer Journey is Intertwined with the Sustainability Journey

Those 5 stages of awareness Eugene Schwartz described describe a learning process that can apply to many things — from sales to changing our way of life.

And they’re particularly applicable to people’s journey into a more sustainable lifestyle:

  1. Unaware: This person has never heard of a particular issue. Imagine yourself before seeing the picture of a seahorse clutching a Q-tip, for example. Or think back to the time before the #metoo movement.
  2. Problem Aware: They sense they have a problem and may even be searching for a solution — but they haven’t found it yet. (Or they sense a desire but they’re not sure how to get there.) For example, they’d like to reduce the amount of waste they produce, but they have no idea how to get there.
  3. Solution Aware: Staying with the waste example, they know the term “zero waste”, and they’re already engaged in the community. But they have no idea that your product or service can help them reduce their waste even more.
  4. Product Aware: They know that you sell solid shampoo, but they’re not sure it’s right for them.
  5. Most Aware: They know your shampoo and that it’s perfect for them. Given the right deal, they’re ready to buy!

Looking at the journey in this way, it’s easy to see that a marketing strategy that relies on discounts only works with die-hard conscious consumers who already love your offer.

There are 3 problems with that:

  • Many change creator brands are still small or don’t even plan to grow into corporations. Meaning, there’s only a tiny number of people you’ll reach with that approach.
  • Die-hard conscious consumers make very considered purchases. While that means they’re less likely to be swayed by a discount, once they’ve fallen in love with you, they’re more likely to stay loyal — and buy at full price.
  • You’re limiting your impact by excluding the vast majority of people — instead of helping them take the next step.

Which brings me to the big question:

What If Brands Took Responsibility for Changing Buying Behaviour… Instead of Just Taking Advantage of It?

If we all worked together to make people’s journey into a future-proof way of life more accessible, we could turn conscious consumerism from a niche phenomenon into a mass movement.

Here are three practical ways your brand can help us create that movement:

  1. Offer at least one lead magnet that’s not directly related to selling your product

    For example, you could offer a guide that tells people how to use your product category (“How to Get Started with Solid Shampoo” — a great match for product-aware folks). Or you could build a calculator that helps them find out how much positive impact they could make with your offer (“How many times per week do you wash your hair? We’ll tell you how much plastic you could save with solid shampoo every year!” — a strong entry point for solution-aware readers.)
  2. Segment your emails according to people’s current position on their journey

    To find out where they are on their journey, you could offer a fun quiz, tag people based on the lead magnet they’ve downloaded, or simply ask a segmentation question in the first email.

    For example, in my first email to new subscribers, I offer different kinds of content to find out about their needs.
  3. Practice customer empathy by designing email sequences that will help each segment take the next step

    The easiest way to get started with this is by listening to your ideal customers. Buy people coffee and ask them about their way into becoming a conscious shopper. Hang out in Facebook groups and pay attention to people’s stories. Then use that insight to write emails that are related to what you’re selling — but not about the sale:
  • Write honestly about something that happened to you and find a way to link it to your product. A bit of educational storytelling goes a long way in adding value!
  • Share a piece of insider knowledge that you’ve gained “on the job” (legally). Your readers will feel like they’re part of an exclusive group, and they’ll want to show off their new insights — helping your story to touch more people’s lives, with no extra effort on your part.
  • What changes are happening in your industry that you can share with your readers? Everyone wants to be ahead of the game. Be the brand that allows your readers to feel special.
  • Share something that will create an aha! moment for your readers. Those lightbulb moments will speed them up as they fall in love with your offer and adopt a new way of life.
  • Share a collection of articles, videos and other content that inspired you this month. Not everything in your emails needs to be written by your brand. Just make sure you add that personal touch by explaining why you chose this collection. This will build your “know, like, and trust factor” — a crucial element in moving people through those stages of awareness.

Over to You

I’d love to know which of these ideas you’ll try out first. Let me know in the comments!

What We Can Learn about Creativity from Non-Profit Organizations

Every day there are more companies that at the time of hire give priority to the soft skills, according to data from a global study conducted by Adobe creativity is the soft skill most demanded by companies in 2019. Companies turn to creative professionals to stay competitive and at the forefront of their sector. According to data from the same Adobe study, companies that have invested in creativity have seen an increase in their productivity by 78% and have achieved an increase in customer satisfaction by 80%.

Faced with this great demand for creativity that the world is experiencing, companies have turned their eyes to industries such as art, advertising, and entertainment where creativity is an everyday thing in search of talent and good practices. But there is a sector that no one pays much attention to and in which creativity has been present for decades and has meant the differentiating factor between success or failure. We refer to the NGO sector.

NGOs work with a different mentality than traditional companies since their focus is on the execution of projects that generate impact and live in a constant battle to secure funds that allow them to continue executing more impact projects. Because of this, NGOs have to be very creative when using the economic and human resources available to them. This has caused a powerful creative ability to develop over the years in NGOs.

The question that arises is: what we can learn from NGOs in terms of creativity?

Understand the problems from within

The NGOs from their conception focus on solving social or environmental problems that afflict a certain sector or population. In order to generate effective and efficient solutions, NGOs do a lot of work in the field to understand these problems. Large companies can apply a similar approach to that of NGOs when generating new products and services, making their employees work in the field, knowing and generating direct relationships with customers so that they can have a deeper and first-hand understanding of the problems and context of its customers.

Think of the customer first

NGOs always put their beneficiaries as their first priority and are constantly looking for new ways to help them. This approach makes the creative process of NGOs much more empathic and allows them to generate more and better ideas since the goal of the process is to really generate something that brings value to the beneficiary. Traditional companies start their creative processes with the bias of generating products and services that are profitable for the company without considering the real problems and needs of customers.

Creativity is a skill that all human beings possess, if companies really want to take full advantage of this ability, they should not only look for creative professionals but also should encourage and create an environment for that creativity to emerge in all employees and expand within the entire organization.

Leading a Social Enterprise: Focused on Impact or Focused on Business?

Managing a social enterprise is not an easy task since unlike a traditional company, the social or environmental impact component that the social enterprise tries to address adds an extra layer of complexity to the management. It is for this reason that social entrepreneurs often feel confused and do not know how to lead their organizations.

One of the main challenges facing social entrepreneurs is to determine the best leadership approach for their organization, whether one focused on impact or one focused on business. Usually, these types of leadership do not go hand in hand and usually create tensions within the organization since those members who work with a business-focused style tend to minimize the importance of the impact and prioritize income generation, while Impact-focused members give priority to impact over income generation.

Which is the right leadership approach?

The truth is that the 2 approaches are necessary for a social enterprise to scale its impact and be successful since each one has advantages for the organization:

Focus on business

The focus on business makes the organization more attractive to investors, generates more economic resources and has the potential to scale much faster.

Focus on impact

The impact approach, on the other hand, gives the organization a better understanding of the problem they are trying to solve and allows them to generate new ideas to maximize and scale the impact of the organization.

The key is then to strike a balance between the 2 approaches so that the social enterprise takes full advantage of both.

To achieve the balance between the 2 leadership styles, social enterprises must:

Be guided by a clear mission

A clear and concise mission statement will allow the social entrepreneur to better guide their teams regardless of the approach they work with. In a paper Onyx and Maclean mention how several studies on the motivation of individuals working in nonprofit organizations have shown that volunteers, paid collaborators, managers and presidents perceive themselves as means to achieve a greater collective goal. This means that when all members of the organization understand the mission of the organization and how their work contributes to it, it is easier to deal with the tensions that may arise between the 2 approaches since all the team members will be aligned by the common factor of achieving the mission of the organization.

Establish impact and business indicators

Another key element to achieving the balance between the 2 approaches is to establish impact and business indicators that not only allow to measure performance but also help to communicate the accomplishment within the organization and demonstrate the contribution of each approach to the achievement of the major goal.

A good example of a social enterprise that has achieved a balance between the 2 leadership styles is SolarInti, an Argentine organization that provides energy and economic autonomy to rural and low-income families through ovens and high-performance solar devices. To scale the impact of the organization, its founder Pierre-Yves Herrouet understood that it was necessary to leverage the mission with a focus on business, so he incorporated a team of professionals with commercial experience who joined the organization. Today, the organization has a mixed team of collaborators, some focused on impact and others focused on business, but all the members of the organization, regardless of their approach, are committed to the mission and understand the scope of their work through the complete set of indicators with which SolarInti measures the performance of its projects which include environmental, health, product, participation, and service indicators, among others.

Finding the perfect balance between the 2 approaches is not something that happens overnight, social enterprises must allow themselves to experiment with different iterations of leadership approaches, starting with small projects that allow them to analyze how the internal teams of the organization react and can determine the challenges and opportunities of the approach.

Angela Henderson Interview: How to Identify New Opportunities in Ecommerce

Listen to our exclusive interview with Angela Henderson:

 

Subscribe to this show on Spotify  |  iTunes  |  Stitcher  |  Soundcloud

Angela Henderson’s business career began in 2010, a year after her son, Finlee, was born. She was disheartened when she saw that most toys for young children were battery operated, high-technology, and invariably made of plastic. Soon, Finlee and Me was launched, a successful ecommerce store featuring a wide variety of baby items that focused on fostering creativity and sparking the imagination. 

Conversation = Conversion

Finlee and Me had a custom-built site, Angela explains, and really focused on conversions. She adds that there are many people who feel their website ticks all the boxes when it comes to sales, but they’re really lacking the elements of conversion.

For me, I believe that conversation equals conversion.

In those early days, Angela was intent on having a conversional website in order to have the greatest chance of being profitable. She explains that you really only have six seconds from the time someone lands on your website to be able to tell them what you do and how you can solve their problem. She made use of her “conversation equals conversion” motto and began featuring blog articles that were relevant to her clientele whom she had taken the time to get to know. 

Building a Fanbase

Featuring insightful and informative articles helped Finlee and Me grow its Facebook fanbase to over 70,000. Their Instagram had over 20,000 followers and their newsletter database had over 50,000 client contacts. Angela attributes this success to the fact that these moms began to build up a trust and credibility in her as a direct result of her blog. Moreover, she had created a space where moms could safely be heard and feel connected.

Another way Angela promoted Finlee and Me was to feature the business at Pregnancy and Baby Expos. She recounts one particular strategy at an Expo that proved to be highly successful: Angela teamed up with ten other businesses who had a booth at the Expo and they all did a giveaway as a promotion. Each business’s entry form stated that it had teamed up with the other businesses and that by completing the entry form, the customer was agreeing to have their contact information shared among the businesses. In this way, Angela was able to gather information from not only those potential customers who stopped at her booth, but also from those who stopped only at the other businesses’ booths and she was able to grow her database of valuable clients a lot more.

A New Business Chapter

As time went on and Angela’s children got older, she began to disconnect from Finlee and Me and she decided to focus on consulting. It all began rather organically when she often found herself driving 30 minutes to meet someone for coffee so they could pick her brain about effective business strategies. She realized she could easily charge for the information she was imparting. Initially, it was often just one-to-one services but she soon found herself exhausted and stretched to her limits.

Many entrepreneurs will identify with this — it’s so easy to become tapped out when working in a one-to-one capacity. She soon switched to a one-to-many model, featuring a group coaching program as well as a Women in Business Retreat — a four-day, three-night retreat attended mostly by moms, many of whom have never been away from their kids for an extended period of time. With this in mind, the retreat makes topics like self-care a priority so that these women in business can take time for themselves while learning effective business leadership.

Know Your Worth

Lastly, something Angela likes to emphasize when talking to entrepreneurs is understanding their worth. She admits that she has no problem charging what she charges for her business coaching because her clients aren’t just paying for their time with her; they’re also paying for all the time (and money) Angela has spent travelling around the world learning from the best entrepreneurs. They’re paying for the connections they will make. And they’re paying for the business experience that Angela has garnered over the years. Angela is a business coach for women and teaches her clients that they, too, need to understand their worth. And that it’s important for them to charge based on their skillset and expertise, not just on the length of time spent with clients.

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Transcription of Interview (Transcribed by Otter.ai; there may be errors.)

Adam Force 0:00
Hey, what’s going on everybody? Welcome back to the Change Creator podcast show. This is your host, Adam Force. Excited here. We got some great weather going on in Miami now that we’re reaching the winter months. It’s my favorite time of year out here. So last week, guys, if you missed the last episode, it was with Michael O’Brien. He’s an entrepreneur, business professional author. He’s got all kinds of stuff going on. He has a very powerful story. And his story is it was a traumatic moment in his life that kind of shifted his whole life trajectory. And he’s on this mission to help all these people around the world have their last bad day.

And that’s the title of the episode: How to have your last bad day. So it’s an inspirational conversation, I think you’ll find his story very powerful. So check that out when you get a chance. And this week, we’re gonna be talking to Angela Henderson. She is the founder of a very successful ecommerce store, Finlee and Me. And she really has a lot of experience in the space. And since then she’s converted to start helping others with a consulting program. And she does these really cool retreats and she has a lot going on and a lot of experience. So I think you guys will find a lot of value from the conversation with Angela. So I’m excited to dive into to her world of knowledge in those things, you know, and I think you’re gonna get some really good ideas around the ecommerce stuff and, and everything else so. So hang in there. We’re going to get started in just a minute.

A big announcement for the October 1 time frame. This is the deadline we have here to open the doors, the doors are planning to be open for the Captivate Method on October 1. Alright, so keep your eyes out. If you’re not following us on Facebook, that’s the best place to be. This is where we really put a lot of our content and attention. So you go to our page Facebook page and then you can get involved. If you have a business idea, you have a business and you’re trying to really take your marketing to, you know, the next — I hate saying the next level, that’s kind of like what we’re talking about. You really want to enhance your marketing, like leaning into modern solutions, really building relationships with your audience. You get involved with our Facebook group, there’s just a couple of questions you’re asked there and we’ll give you access.

We got to make sure it’s the right fit for you, right. So yeah, you can find that link right on the Facebook page. So follow the page, and then you can go to the group. And that’s a great way to get more involved with what we’re doing. And you’ll learn more about the Captivate Method and stuff like that. So powerful stuff there. We’re very, very excited because we made lots of cool changes and updates based on our beta runs and everything since 2018. This is version 3.0. And we really made a lot of enhancements there so it’ll be a lot of fun. Okay, guys, we’re going to dive into this conversation and with Angela and see what she has to say from her experience as an entrepreneur in the ecommerce world and consulting world.

Hey, Angela, welcome to the Change Creator podcast show. How’s everything going today?

Angela Henderson 3:15
Everything’s awesome. How are you doing, Adam?

Adam Force 3:16
I’m doing pretty good. Pretty good. Bright and early here in in Miami. Well, it’s a later at night over in Australia, right?

Angela Henderson 3:24
Yeah, that’s correct. It’s almost 10 o’clock at night here in Brisbane, Australia. So a slight time difference but yeah, that we get into entrepreneurship for is to have these awesome conversations that they just happen whenever they naturally need to happen.

Adam Force 3:37
That’s it, the global community. I love it. Yeah, so I’d be curious to just to hear…I like to always tee things up and understand, you know, what’s going on in your world these days, the latest and greatest, what are you focused on? Like what’s happening?

Angela Henderson 3:51
I’d love to share that with you. So I’ve actually just come back for a seven-day business mastermind over in [unintelligible] with my own business mentor [unintelligible]. So I’m still kind of recovering from that jet lag. And just that level of enthusiasm being around really cool, like-minded people. And obviously being on the yacht in the middle of the Maldives, learning from some of the best was super exciting. What else is happening in my world?

I’m also running my sold out four-day, three-night Women in Business retreat here in Australia at the end of October. So that’s super exciting. And today, I worked with the state government here in Queensland, Australia, as one of their female business mentors. It was really great being able to give back to the community and help other businesses to really get clear on that clarity and strategy they need to move forward to gain those sustainable and profitable businesses. So that’s a little bit of what’s happening over here in the land of Australia.

Adam Force 4:45
Cool. So what led you to the consulting world? Like, where did that come from? Like, I know you mentioned you had a lot of work you did prior to getting into the consulting game. So what was the connection there?

Angela Henderson 4:59
Yes. So our son, Finlee, was born and about a year into [unintelligible] I just kind of started to see like all of these plastic toys, battery operated, high-technology…which again, we use technology every day such as yourself but for little kids, I thought there’s got to be something better, something brighter out there that can allow kids to work on fine motor skills, spark their imagination, their creativity, and just create those long, long lasting childhood memories we had back when we were growing up in the farms or doing whatever we used to do back out…you know, connecting with nature.

So I started my first business which is called Finlee and Me ecommerce platform. At one stage, we had about 1400 different products. And our core focus again there was educational component and focusing really on creating childhood memories through play, love, and travel. So the ecommerce business was great and then we also had a secondary monetary stream of income that came in which was through being an influencer and blogging over here in Australia, became one of their leading parenting bloggers.

Working with companies such as Netflix as one of their top 30 influencers here in Australia and New Zealand. [unintelligible] Yeah, that’s led into the consultant side of things. It’s seven years of being in that, if people wanted to pick my brain and from that, I just thought, Well, if I start charging people to pick my brain, I can have a secondary business and that’s how the consulting came about.

Adam Force 6:23
Yeah, yeah. That’s pretty cool. And I’d be curious to know what did you run your ecommerce business on? were you using any platforms like the Shopify world or big commerce or anything like that? Or were you just doing iy custom?

Angela Henderson 6:37
So yeah, so we had a custom-built site but we obviously then connected that with WooCommerce, so on WordPress, with WooCommerce, but the build is completely custom so that we really focus on that conversional website. There’s a lot of people out there that have websites and think that they check the box but one of the things that they’re lacking is the elements of conversion.

You really only have six seconds from the time someone lands on your website to be able to tell them what you do, how you can solve their problem, and how they can buy your product. So it was really important to me starting off that ecommerce platform that we had a conversional website, ready to rock and roll, so that we could have the greatest chance of being successful and being profitable.

Adam Force 7:16
Yeah, and one more question just in the ecommerce stream, just because I know there’s a lot of people in our audience that are working ecommerce businesses and I’m curious what you found to be successful for your space. I know every category is different for getting you know, people to understand who you are and become comfortable with buying your products. Was there any kind of strategy behind that? Was it just, you know, smart landing pages? I’m curious what you think helped with your conversions and sales.

Angela Henderson 7:50
For me, I believe that conversation equals conversion. So I was really big about making sure that I got in local markets. I also did…there’s a big pregnancy and baby Expo here in Australia where they go to all the major capital cities. I also ran that for the first few years of my business. Being able to get my products into as many people’s hands as I could, so that the more they talked about it with other moms and moms’ groups or their family members, etc. They were kind of like my mini marketing agency, you could say for me. So that was one tactic that I used was really [unintelligible]. Again, those conversations, equal conversions.

And another really big thing that worked for us was not just talking about the toys all the time. And those benefits…we really got to know my ideal client, which was typically you know, mom who had two young kids under the age of five, who had disposable income, was really big about education, and the mom was the one that was buying for their child. So what I did is I started writing blog articles that were relevant to moms so that they started to build up a trust and authority and credibility with me.

And once I had that trust talking about either postnatal depression or anxiety, or say, you know, breastfeeding versus bottle feeding — whatever it was that were topics that were relevant to the mom — the buyer — we started to see our community grow fairly quickly. So we started with [unintelligible] and we ended up at about 70,000 Facebook fans in our community, we had up to 20,000 people on Instagram and over 50,000 people in our newsletter database. And that was because I didn’t just focus on selling them the product, that I focused on creating that community element and really creating a space for moms to be heard and connected. Because in motherhood, it can be quite lonely. So yeah, that’s angle I took.

Adam Force 9:27
Yeah. And that’s, that’s awesome. I like to hear that you did the articles to create a first touch point that built trust. I think that’s super important. It’s a good point. You know, and everybody’s always looking to build their email database just to continue that conversation. So in that e commerce world, I’m curious, you know, what kind of tools were effective for you to build that? I think you said 50,000-person database. You know, you see a lot of ecommerce things they do, like, you know, give me your email and I’ll give you a discount code or something. Was there other strategies that you implemented to get people onto your list so you can continue those conversations?

Angela Henderson 10:06
Yeah, one of our biggest things was at a pregnancy and baby Expo, they had the QR readers. And so what happened is I would team up with other businesses that were there, we would do a giveaway together. And then we would cross pollinate the email list with permission of those people entering. So as part of entry, we would say, You’ve teamed up with these, say, 10 businesses and as part of that you are agreeing to being on you know, receiving emails from us, and we listed every single business. So then the fact is is not everyone would stop at my booth, and not everyone stopped at those other booths. So we then were able to capture a much larger database of the valuable clients, and we weren’t competing against each other.

So that was one way that we grew that list. The other way that I grew my list was through three-day and 14-day challenges. So one of the challenges that I did was 30 days/30 ways to connect to your child, because we know that parents are super busy [unintelligible] and they’re really looking for things that they can do with their kids and still connect with them on a daily basis. So I created a connection that they could do every day, right. But within that 30 day challenge, I also did a product of the day. So it was a way for me to add value, but at the same time use a 30 day challenge as an advertising hub.

And then at the end of that 30 day challenge, I gave them a 20% off discount coupon. And that worked extremely well, because they had 30 days of building that strong connection with me, we opened a Facebook community so that we could continue that dialogue. And then they were also getting the emails every day in the interactions. So we saw a significant amount of growth through our challenges.

Adam Force 11:38
And I’m sorry, you cut out a little bit. What was the challenge? That sounds really cool. And I think those challenges are actually really powerful tools for people when they’re executed properly. The challenge here was to What was it again — to connect with the mother and child? What was that?

Angela Henderson 11:53
Right. So what we found when we surveyed our audience is that parents are struggling to connect with their children because they’re just so busy. I kind of wanted to [unintelligible] that scenario. And what I thought, [unintelligible] it’s just an excuse. So everyone has 10 to 15 minutes a day to spend with their child at some stage. You could blow bubbles, you could read a book, you can draw them a bath, you can bake cookies, there’s a million different things. And so what I did was every single day, I gave them a [unintelligible] they could do that would take no more than 15 minutes every single day.

The requirement was you put your phones away, shut the TV off, go and do this with them, you know, be present and laugh with them. But then as part of that daily email that they would get the connection piece that they would do. But then the second thing is I would just have product of the day and would introduce a brand new product from our product range. So they just started to get comfortable with what we were offering in addition to the 30 Day Challenge. And then on the back of that challenge when I offer them the discount code in order to then increase our overall sales.

Adam Force 12:53
Makes sense. Yeah, I love that; it’s a good strategy. I think that should give a couple aha moments for people listening. So, yeah, I mean, because you know, people get stuck with how they should frame up some of these things. And it’s different for every category, obviously. So you know, your business might have its own twist, you know, for anybody listening here where you were working with the relationship between…

So you got to know your audience, get to know the disconnects, and kind of frame something up that would be helpful and valuable. And, you know, you make a high value content offer. And that’s basically what you had there. And it was helpful for people and you earn their trust and those types of things. So I think it’s super powerful and smart. And so, you know, you got over into the consulting gig, and are you still part of the ecommerce shops? Or did you totally detach from that now?

Angela Henderson 13:42
We’ve [unintelligible] probably about eight months ago, and it was just one of those things that always kind of knew I would continue really, really loving it or as my children got older, I would probably just start to disconnect and that’s what happened is, the consulting business came in. It was super exciting, something new. My children were older and so it seemed the best strategic avenue for me, was to wrap up Finlee and Me so that I wasn’t having that headspace and kind of dragging around and something that I wasn’t really enthusiastic about and focus on consulting.

Adam Force 14:11
Got it. Got it. So how did you get your first consulting gig? What did that look like?

Angela Henderson 14:20
But that was like for me, which really just blew my offer out into the world of Facebook and obviously also [unintelligible]. And so when I started in [unintelligible] I had an enormous amount of people that I was getting introduced to. And again, it was just like, [unintelligible] hop on a call and start to learn what your struggles are, what your goals are, and then started having conversations that didn’t even offer anything at the beginning. It was just really about me giving value back. And once I started to find out what was working, what was [unintelligible], what was people’s [unintelligible], I then cam up with an offer and at that stage I would [unintelligible] for a 30 minute call.

And through there at the end of that call I’m just talking to them about what I had on offer. At that stage, it was often just one to one services. And I got a few people on board. And then that kind of infiltrated, I got a few more people on board. Eventually, as many of you listeners might know is, you become tapped out in the one-to-one capacity. So I then opened up my 12 month group coaching program so that I could go to a one-to-many model. And that’s currently…those are my two main things that I offer, plus the Women in Business retreat now. So that’s how it all started was just serving, connecting, testing, learning [unintelligible] and coming up with a one-to-one offer, which then led into a one-to-many offer.

Adam Force 15:39
Yeah. And I want you know, people who are listening to understand that, you know, you don’t just wake up one day and say, I’m going to start this consulting gig and it’s going to take off, you know, because I put my — put an ad out there and let people know what’s going on and they’re just going to get — you’re just going to get clients. This is something that has been in development, you know, for you. I always think of the iceberg — like, people see the the tip of the iceberg, but they don’t see what’s below.

And it’s the time and energy that built up your credibility with the work that you did in the ecommerce space and everything else in your life that kind of worked its way up to make this happen for you in the consulting gig. And it seems like you learned as you went, like you were kind of pivoting and saying, Oh, now I can do this. And you kind of took opportunities as they presented themselves to you. And they were relevant at the time, but it doesn’t happen overnight, right?

Angela Henderson 16:29
Oh, gosh, it definitely doesn’t happen overnight. It’s something that I really appreciate you bringing up because I think there’s this assumption that everything just happens and [unintelligible] if everything just happened we would all be millionaires. It wouldn’t be hard, right? Like the struggle is real that we have to go through. And for me, if I kind of rewind, the question that you had said was around, how did I start off things, but even if I rewind a little bit, what happened was as I looked at my diary, and I had 16 Coffee dates is what had happened. People kept wanting to pick my brain. And then I was like, driving home one day and as like, you know, I don’t even drink coffee. I’m having to buy my own Diet Coke. You know, I was like this kind of sucks.

And then I was like, I’m driving 30 minutes there and 30 minutes back and anyone who knows me knows I was a big giver. Like, again, today I spent eight hours volunteering to work with eight businesses to help them out with the state government. Like I’m really big about giving back to community. But I was like, hold on a minute, like, if each of these coffee dates, and I don’t even drink coffee took me 16 hours. And I was like, hold on a minute, if I would have even charged a small fee for them to pick my brain, I was like, I could have a secondary business.

And that’s how it all came about was that just all of a sudden I was like driving home one day, I was like, hold on, I should try and test and start charging for this. Would people actually then buy it if I started to put a dollar figure attached to it? Or would they try and kind of use me for my expertise? And that’s when again I started to put that out there and people were like, Yeah, absolutely. You’ve got all this wealth of knowledge. We’re happy to pay you. Yeah, so that’s kind of you know, if I rewind a little bit, that’s where it came from was from really all the coffee dates, and I decided, well, let’s test this. Let’s make it a little bit more strategic and you know, really save this is viable?

Adam Force 18:03
Yeah, I mean, and that’s the cue. You know, you start getting all these requests for your time, people are asking you questions. And I always tell people like, what does ever someone ever come to you and ask for help with? I mean, it’s kind of a clue of what people see you as knowledgeable about, obviously. And here you are having your brain picked. And that’s 16 Coffee dates in your diary. So it’s like, you know, you can either look at that and see the opportunity. And some people might just be like, Oh, I’m not doing this anymore. It’s a waste of time. And they don’t actually capitalize on it. But you know, if you can see that opportunity and and then reframe it up, because you know, what, your time is probably the most — well, I won’t even say probably — it is the most valuable commodity that you have in life. It’s the only…you can’t get more of it, right? It’s like, you know, how do you value yourself? I mean, and people devalue themselves. They don’t put value against you know, their knowledge and time and they very well should. I mean, we live in an economic system. You need money. Money gives you options. It gives you control over your life. So there’s nothing wrong with capitalizing on that.

Angela Henderson 19:04
And I also think one of the things I do talk about is people understanding their worth. And when people come to me, either for my group coaching or my one-to-one, is I’ve got no problem charging what I charge because you’re not just getting me for two hours a month plus unlimited email access in our VIP groups, etc. You, like, I spend about $40,000 a year traveling around the world learning from some of the best entrepreneurs so that I’ve got that skill set to then pass on to my clients. I then spend endless hours going to local networking events, going [unintelligible] right? Like, this is how then…So if I make those connections, that means there’s opportunity for my coaching clients.

And so people…I think it’s really important that you’re not just paying for the coaching, you’re paying for connections, you’re paying for their ongoing training and learnings because not everyone is able to travel the world to learn from these people. They might…I wasn’t in the position at the beginning, but now I make it a priority. So again, it’s, you know, when you’re looking for a coach or you’re looking for that mentor, and they do put a price figure on it just like web developers do, or designers do, they didn’t just get that skill overnight. That took hours and hours of practice. And that’s why people charge or start to charge and know their worth because of what they have to assess, and what’s gone into that expertise and that skill set.

Adam Force 20:25
Yeah, I love that. And, it’s so true. And I think a lot of people who are looking for coaching misunderstand, like what’s really beneath the surface of what they’re paying for. There was a funny analogy, and I’m going to totally butcher it, but I’ll get the essence of it across here. Let’s just say there was this big piece of machinery and it wasn’t performing properly after all these years of being perfect and they couldn’t figure out what was going on. And they found this guy who has all this experience in fixing these things. So he comes over there. And he’s been doing this for let’s say 20 years and he comes over there. And he’s like, oh, and he takes a wrench and he taps it in like one spot. And it took him less than, like 30 seconds. And the guys like, here’s your bill for $10,000. He’s like, What are you talking about? $10,000. And he’s like, all you did is hit it with the wrench and it took you 30 seconds. He’s like, yeah, maybe all I did he goes is a $2 for the wrench and hitting it. And it was the rest of the money that $9,998 was for knowing where to hit it.

Angela Henderson 21:29
But it’s so true, right? And he had to learn that skill. He had to figure out what you know, what does that sound and what does that make, and why does it happen? He knew exactly what to do. But it’s 100% true that paying for years and years of teaching — and I know that some person said in this group I was in they’re like, Why should we…Why should you charge more than what, say, a lawyer charges? For example, you don’t have a formal education. I said, Well hold on a minute.

If I’m spending $40,000 a year to be in masterminds and go around the world and learn from the best… it might not be a piece of paper from Harvard University. But the knowledge that is there is just as equivalent to sitting in a classroom environment. I still have to sit through, say an eight hour conference. When I did Caitlin [unintelligible] course and we did the summit, it was two days’ worth of, you know, sitting there. It was my plane tickets from Australia to America, it was all of those things, right? And people…just because it’s not a degree on paper, doesn’t mean that it’s any less important than the degree from the University.

Adam Force 22:28
Absolutely not. No, I’m one of these people that combats you know, college and schooling and all these things, and it’s evolving. It’s changing over the years of what’s actually, you know, the best experience and people are going to pay for experience over classroom education. I mean, I would say what 60-70% of the teachers who are teaching, let’s say key topics like entrepreneurship in college, they’ve never even owned a business.

Angela Henderson 22:56
And a lot of universities here in Australia are now reaching out. Like, I was asked by the University of South Australia, which is in the city of Adelaide, down south here in Australia to come and work with some of their entrepreneur students [unintelligible] What does it look like? What is messaging, brand voice, you know, funnels, emails etc. And I was like, for a university to reach out I think that’s really that growth mindset that they’re looking to capitalize on it because they know that they’re not the experts in that when it comes to that field.

Adam Force 23:28
No, no, and they’re not they’re not. And school is, you know, traditionally to teach you how to get a job and do certain things a certain way and it frames up a mindset that is very opposite of what an entrepreneur’s mindset is. It’s very, very different.

Angela Henderson 23:46
Totally. I couldn’t agree more.

Adam Force 23:48
Yeah, it’s a 180. And that’s been a hard thing for me because I worked in corporate for, you know, 15 years or so and then to start my own businesses and do things on…the from, you know, grassroots starting point, it’s a whole other way of thinking about not just business, but thinking about money and like hard work and what that means and all that kind of stuff. It’s just, I don’t know, you have these like blueprints in your brain from years of just, you know, being told what to believe. And that stuff’s great for a job, but it just does not work for entrepreneurship.

Angela Henderson 24:22
No, because I mean, in entrepreneurship, we are testing every single day; we are testing what’s working on an ad, we’re testing what a product resonates with our audience. We’re testing with email subject headers work better, like it’s an ongoing investigation, entrepreneurship, and just when you think you’ve got something worked out, the algorithms were changed or the market or the dollar will change whatever, like, you can’t learn that in a book. You have to be adaptable at all times.

Adam Force 24:49
Absolutely. Absolutely. So I just you know, as we get a little bit closer to the end of the talk here, I want to make sure we touch on your retreats because they sound pretty cool and I’d like to learn a little bit more about what you’re doing there and why did you decide to do these retreats and what is in it for the people that attend when they do that?

Angela Henderson 25:13
Yeah, sure. So I initially did a mastermind with Chris Ducker over in the Philippines three years ago and the way Chris had his, you know, seven day retreat laid out, I thought it was super interesting. He flew in amazing speakers from around the world. You know, Peter Shankman, he had Jada Zellner there, like just to name a few. And what happened [unintelligible], like so many amazing people were there. And what I noticed there is that it was an intimate group of 50 really solid, like-minded, enthusiastic, growth mindset individuals, and there is no division between speaker and attendee. The speakers were in the pool with us having mojitos, playing, you know, beach volleyball. And it was just this really great dynamic and I thought one day I’d really like to test that.

And then as I started to grow the consulting business over the last couple years what I realized was, there’s not a lot of conferences in Australia, there really isn’t. That’s why I pay as much money as I do to go overseas because we just…there’s a few great entrepreneurs…I mean, there’s lots of great entrepreneurs, let’s get that straight. But there’s not a lot that are leading the way from a conference perspective. And I didn’t want to go big. I’m really big about human-to-human marketing and really high touch point — maybe, you know, being able to walk down the street and give someone a hug, give them a handshake and know who they are.

So I wasn’t looking at creating a conference that had 200 people, 500 people or 1000. That just wasn’t it. So I wanted to create an intimate retreat with 50 people. My target market is women in business. And so I created it around a four-day, three-night women in business retreat. And then I also…my ideal client is mothers; a lot of moms haven’t even been away from their kids. And so I wanted to give them the experience that when they come, you know, their breakfast is cooked, their morning and afternoon teas are cooked, their dinners are cooked, their nighttime meals are cooked. Like, everything is absolutely done for them because it’s not just about learning when you’re there; it’s about the connections that you make both short- and long-term.

But it’s equally about giving those entrepreneurs, and specifically those moms, too, who don’t get a lot of sleep and rest, to be able to have self-care, and equally to be able to work on their business for four days versus working in their business as so many entrepreneurs just do, especially in those startup phases. And it’s high touch point. So I’ve got two different creative sessions because I also think people, even though we’re super creative, as entrepreneurs, naturally like we stopped doing arts and crafts at a particular age. We stopped just allowing ourselves just to have a creative energy and flow. So I’ve got two high creative sessions that happen there. I also rent a boat on one of the nights and we’ve got this, you know, theme party that we have.

And then there’s downtime and then there’s time with the speakers and then we also break into mini masterminds, so that everyone has an opportunity to work on a specific one to two problems over the days to get insight and help from those experts, but equally their peers to be able to help move them forward. And then the last day is all about mindset and preparing them for the next 12 months and equally allowing them to plan out the next 12 months, which a lot of businesses, you know, “I don’t have time to do that,” they’re kind of flying by the seat of their pants. So that’s why I really wanted the four days and three nights so that we can make it a really immersion type experience and experience that again, just didn’t focus on learning, but allowing the self care and creativeness and all those fun things to flow.

Adam Force 28:28
I love it. That sounds really cool. I mean, it makes me start thinking if one of my favorite places is Costa Rica, and my wife and I go there all the time. And I’m just like, man, I would love to, like rent out just an amazing spot, like near the beach and just do these, like incredible masterminds where everyone’s got their defense down and likw, we’re just in a really good environment and you can just kind of, kind of really have those epiphanies, you know, it sets up that setting.

Angela Henderson 28:54
It does and you should see like some of the aha moments like it’s funny. One of the touch points that I do is I’ve actually not…It was yesterday, actually here in Australia, I rang all 50 attendees that are coming. So I spent two hours literally picking up the phone and calling every single person. Now, not everyone picked up the phone because God forbid you get on the phone and speak to people if you don’t recognize the number that’s coming up. But I had some really great conversations with those attendees that I did get through to. And one of the things that came through is, I can’t wait to learn from the speakers. And I said to them, I said, you might want to be surprised because the majority of aha moments probably won’t come from the speakers.

And they go, Well, what do you mean, you guys are the experts and I said, trust the process, allow it to happen, because what happens is, is when you’re able to let your guard down and do those experiences, creativity just kind of happens and people get to just be in the moment and be present. And the aha moments aren’t what they expect that they’re going to be. So I would say if you did something in Costa Rica, something similar would happen. Like, when we were at Chris Ducker’s event, it was when we were in the pool, drinking mojitos and playing beach volleyball, right, is when the moments like, Oh yeah, I could do that. And then you’re like, Okay, you have great and then you just carried on; it was really quite magical when those moments would come.

Adam Force 30:07
Yeah, I love that. You know, and people talk about like shower thinking and stuff like that. It’s the moments, you know, where you’re just walking and or inactivity and you’re not thinking about the situation where these epiphanies will most likely happen. And I love your pool moment. That’s cool.

Angela Henderson 30:26
Yes, well, let me know if you do a Costa Rica, because I’m always about connecting with new people. So if you do do that, keep me posted. I’m looking at actually doing a mastermind over in Colombia next year with — I could never say his name correctly — Ron Reich. Looking at the Colombia one next year. So [unintelligible] I could be a first person signing up.

Adam Force 30:51
Awesome. Yeah, well, definitely. I mean, I think when we get in the right place at the right time, we’re going to do stuff like that. Hopefully in like 2021 most likely would be a good year for that. So we’ll definitely keep you in mind as we get to those steps and we’ll close out this — I got my new closing question I want to ask that I’ve been asking people like Blake Mycoskie and Nasreen and stuff like that. And this is just a chance to really say like you’ve had all this experience, you’re pursuing things you want to pursue. And so if there was one, if you had the world’s ear right now, right, and you were able to tell them a very important message, what would that one message be that you would want to share with people?

Angela Henderson 31:32
Sure, my message would be is eight people take their lives every single day here in Australia, it’s almost 3000 people every single year that die in Australia due to suicide. And for me the message that I would want to get across to people, whether or not it’s you, a family member or friend, or etc, is if you broke your leg, you’d go to the hospital, if you had a heart attack, you would go to the hospital. If you broke your arm, you would go to hospital. If you needed glasses, you would go to the eye doctor and get the glasses. If you are feeling down or anxious or suicidal, or any or that go to the doctor and get the help that you need because that health is just as much there as it is for those that need the heart of you know, heart surgeons, or the eye doctors etc. and that there are people ready to help you

It might not feel like it. If you’re friend and you don’t know what to do, you could suggest taking them to the doctor, going with them. Here in Australia, we have a thing called a mental health care plan where you can get 10 psychology sessions for free. If you go to your regular family doctor and get your mental health care plan. There are different avenues that are available in any country to be able to help you with your mental health because eight people every single day which is much higher in the United States and Canada just because your population so much bigger — eight people a day is eight people too many.

Adam Force 32:49
Amazing. Yeah, that is a staggering number. And it’s a whole other interview to talk about why they feel that way. Listen, thanks a lot, Angela, appreciate everything you’re doing and sharing your insights around the retreats, the consulting and the ecommerce. Really great stuff. Keep up the good work. Appreciate your time.

Angela Henderson 33:10
No worries. Have an awesome day, Adam.

Adam Force 33:12
You, too.

Announcer 33:13
That’s all for this episode. Your next step is to join the Change Creator revolution by downloading our interactive digital magazine app for premium content, exclusive interviews and more ways to stay on top of your game available now on iTunes and Google Play or visit changecreatormag.com. We’ll see you next time where money and meaning intersect right here at the Change Creator podcast.

Transcribed by https://otter.ai

Martin Ochwat: Scaling E-commerce For Long Term Success and Social Impact

Listen to our exclusive interview with Martin Ochwat:

 

Subscribe to this show on Spotify  |  iTunes  |  Stitcher  |  Soundcloud

Martin Ochwat is an expert in growth marketing. In our interview with him, he imparts some sage advice every social entrepreneur should hear and introduces us to Moop, his zero plastic waste personal care product company set to launch in January 2020.

Martin’s career in growth marketing really took off when he worked for the mobile gaming company Machine Zone, manufacturer of some top-grossing mobile apps. He found himself on the marketing team, managing close to $100 million US just on Facebook ads alone. It made them one of the largest advertisers on Facebook at the time.

This experience taught him exactly how to drive traffic on the web and how to work through the algorithms and find the optimal way to get users to whatever product the business is selling. He was immersed in the ins and outs of digital marketing. By the time he left two short years later, he was able to work with some engineers and automate most of the advertising, essentially handing the management of their huge marketing budget to a machine.

We essentially had a machine just managing tens of millions of dollars a year.

Here’s a summary of the growth marketing advice Martin shared with us:

  1. Advertise on Facebook. It is still one of the most powerful advertising channels. Martin highly recommends advertising on Facebook, especially for B2C businesses, because it’s quick and easy to get started and you can build an audience and a following in no time — excellent features if you’re just getting started. He calls it a must-do.
  2. Do enough testing when running ads on Facebook (or any channel). One of the biggest mistakes people make, Mark asserts, is not testing ads enough before running them. He uses his experience at Machine Zone as a comparison: They would run over 10,000 new ads per day, testing dozens of different images, videos, and new ad formats. Mark points out that you can often get really cheap traffic through a new ad format.
  3. Keep in mind that when you’re just starting out, testing is a means of paying to learn. Martin assures us that it’s something we all go through. And eventually, those learnings will pay off and your ad cost will decrease or your sales will increase.
  4. Use lots of videos. Regardless of the platform you’re using, the part of the ad that people look at the most is the image or video. You get far more engagement when you use video so be sure to put most of your time into testing and using lots of videos.  
  5. Focus on being authentic. You’ll have fewer issues running your ads if you are more compliant and authentic since these days, Facebook is a lot stricter on their platform. Martin warns that you don’t want to get into the fake news style of advertising, especially if you’re a social entrepreneur.
  6. There’s nothing wrong with looking to close the sale right away. In fact, probably 90% of businesses in ecommerce are doing just that, Martin admits. If you’re launching a new business, you certainly want to get sales in order to prove out your concept. Just remember that at some point, you need to shift your focus to long-term, sustainable revenue. This is where advertising through emails or Facebook Messenger can be very effective.
  7. Build retention and lifetime value into your business model. Look for ways that you can build more value and add more value for the customer. Some examples include offering subscriptions, a loyalty program, or a special offer for customers who refer a friend. Your customers will stick around longer as a result.
  8. The business with the highest lifetime value within a niche is the one that wins. This is a quote Martin heard once and it has stuck with him. Basically, you can out-market others in your space by increasing the lifetime value of your customers because you’ll be able to spend more money on marketing and on product.

Moop: The Future of No Plastic Waste

In Q1 of next year, Martin plans to launch Moop, a D2C brand featuring a zero waste toiletries kit containing deodorant, shampoo, and toothpaste. Currently, Martin and his team are making sure their products are top notch. They’re running beta tests and sending out free samples to get feedback on the product.

Since they want to build a business for the long term, Martin says they’re investing in branding, good packaging, and formulation. He acknowledges that this takes time (the brand has been in the works since January 2019), but it lets you start out with a much stronger business on day one. It results in better customer experience and better retention.

Moop is currently pre launch, but you can joint their waitlist at getmoop.com.

We also recommend:

Transcription of Interview (Transcribed by Otter.ai; there may be errors.)

Adam Force 0:00
Hey, what’s up everybody? Welcome back to the Change Creator podcast show. This is your host Adam Force. So if you missed last week’s episode, it was with Stephen Carl and we talked about supersizing your digital ecommerce conversions and impact, some really great nuggets in there. So check that out if you haven’t already. And this week we are going to be having a really great conversation for all of you out there trying to step up your marketing game in the ecommerce world.

Ecommerce or not, right. This is going to be very helpful and his name is Martin. And I’m not sure how to pronounce that…Ochwat. So I probably just butchered that and I’m sorry, Martin. But he’s a super cool guy and he has quite a background. So he’s a growth marketer, and a serial entrepreneur. He’s built several seven figure ecommerce businesses from the ground up. And right now, he’s working on a zero plastic waste company called Moop. And we’ll talk a little bit more about that with Martin. I mean, this guy has done…he’s managed over 100 million dollars annually with you know, Facebook marketing ads and done some incredible work. So he knows a lot about that kind of paid marketing and just getting conversions, building leads, building long term sales, right?

So we’re going to dive into all of that and see what he’s learned from all that data and experience so that you guys can benefit from it. So stay tuned and check that out. And if you haven’t already guys, swing by changecreator.com. We have a lot of new content posted up there of different kinds. So really focused on the tools that we’re trying to give you clarity on what might be best for your business, but also different guides and articles in the social impact space that will be relevant for you as entrepreneurs. And we have our download: Three Proven Skills That Every Entrepreneur Must Have to Grow an Impact Business, some really powerful nuggets in there. And you know, I mentioned it on the last podcast, but check that out, I would swing through there, it’s right on the homepage, I think you’re going to find a lot of value in it. So if you haven’t already grabbed that, definitely get your copy.

These skills rise to the top, whether it’s from based on our experience or talking to some of the biggest experts around the world, right. This is always like tried and true proven skills that you really do need to have. So you want to start focusing in on that stuff. And if you’re not following us on Facebook, stop by check us out. We do most of our focuses on Facebook, to connect through social media. And once you’re on the page, if you want to dig a little deeper, you just go to our Facebook group, there’s a button there on the page, and it’s called The Profitable Digital Impact Entrepreneur and we have a lot of good conversation going on in that group. So really good little community of people who are really focused on building profitable businesses that make a difference in the world. So yeah, check us out there. And without further ado, we are going to get this conversation rocking and rolling. So let’s see what Martin has to say.

Announcer 3:15
Okay, show me the heat.

Adam Force 3:20
Hey, Martin, welcome to the Change Creator podcast show. How you doing today?

Martin Ochwat 3:24
I’m doing awesome. Thanks for having me, Adam.

Adam Force 3:26
Yeah, absolutely. So you are a marketing and digital growth kind of guy. And, you know, I’m excited to tap into your experience. I think this is a important topic for people in our audience. You know, especially as we’re trying to scale impact, we need to actually scale the growth of the business financially and in other ways. So I would love to just hear what’s your latest project? What do you have going on? What’s going on in your world these days?

Martin Ochwat 3:53
Sure. So I’ve been a growth marketer for five plus years now — work in various roles ranging from gaming, ecommerce, you know, doing contracting consulting for other mid sized startups. And most recently, I’m working on a D2C brand called Moop. So we’re doing zero plastic waste personal care products, and really trying to reinvent products people use every day such as toothpaste, deodorant, and shampoo, but ones that are good for both your body and great for the planet.

Adam Force 4:26
Yeah, sweet. So I’ll just…I’m just going to piggyback off that real quick, because I’m super interested in that. And then we’ll get into some of the other marketing stuff. So when you approach a company like that, you know, when I think about those types of ideas, and I see someone like yourself doing it, I start thinking, well, if we’re going to start a company like that, we want zero waste products, like where does it begin to start finding out Well, how do I start manufacturing these type of products or finding out how to create these types of products so that I can build a business with this idea.

Martin Ochwat 5:00
Yeah, that’s a great question. I think it’s a one I get asked a lot. So I think when you’re starting in this space, like, obviously step one is trying to learn the market in and out. Llike if you’re going to be starting a, you know, eco friendly company, you should probably try to live a more eco friendly life yourself, whether that’s trying out different products or different ways where you can reduce your impact day to day. But then once you have an idea and you know, you want to start building products, often a big bottleneck is you know, how do you source manufacturers and build it?

The good news is I’ve — and my friends, too — there’s usually people out there that are just experts at this. You can find them on different sites like Upwork and Fiverr. Basically, if you know…say you want to make a deodorant in the United States, you can find someone on Upwork where you send them the specs. You say, hey, I want to make a natural deodorant. Has to be U.S.-based. Has to be a great formula. And for not a lot of money, they can come back to you with a list of 30 to 50 different factories along with their contact information. And at that point, you kind of just hit the phones and email and try to vet who is the best one for your brand.

Adam Force 6:17
That’s pretty interesting. I never thought really, that going through a service like Upwork would find people who have those skill sets and…What kind of a…So if you’re doing a job posting on Upwork for something like that, I mean, what do you call those people that you’re trying to reach out to, like, what category does that fall into?

Martin Ochwat 6:36
Yeah, it’s kind of a, I guess, market research category. Say, you know, looking to find list of 30 plus factories in this space. And you know, I’ve gotten searches done for as low as like $50. So it really isn’t a high cost of entry. And I think it’s something a lot of people overlook, and they just get stuck at Oh, I don’t know how to find the factories to contact. So, you know, I’ll find a different idea. But it really is accessible. You just need to know where to look and get that information.

Adam Force 7:08
Yeah, that’s interesting. And I like it because you can give specs and then obviously you don’t have to spend your own time. Say you throw a couple dollars out there and somebody can start digging around who’s good at doing that research because you know, you can get sucked into this vortex or black hole on sites like Alibaba trying to figure out what’s what and next thing you know, you’re, I don’t know, what do you do? Go fly to China and check out factories? So it’s like, you know, I think I always found that to be very overwhelming.

And, you know, we try to create, for example, swag, we have some key taglines for our audience, and we want to have swag for that like t shirts, mugs and stuff. And it’s hard to find, you know, print on demand solutions for you know, organic t shirts and different things like that. So it gets a little bit difficult. So, kind of leads me to a question on you know, what made you start this particular company? I mean, there’s the obvious cause on plastic pollution, but what got you, like amped up on that category?

Martin Ochwat 8:07
Yeah, so I think there’s kind of a few factors that lead to this. So before starting this company, I had a few other smaller ecommerce businesses — mostly drop shipping. And I spent about two years being a digital nomad, visiting up to 30 countries with my good friend and also my girlfriend. And, you know, during the time we were looking for, you know, an impactful business to start not just, you know, selling everyday products like sunglasses, for example, but we wanted something with a mission behind it. And we just kept seeing this thread come up of, you know, there’s a lot of pollution in the world.

We would see it ourselves when we visit countries like, you know, go to the islands in Philippines and you see a lot of waste and trash there. And I think another thing that really inspired us was living in Europe for a couple of months. Europe is way ahead of the United States and North America in terms of the environment and sustainability. And we saw a lot of companies and entrepreneurs starting out there in this space with really cool products. And so that kind of inspired….the combination of that inspired us to, you know, try and bring this back home to North America and really build an ecommerce brand with a mission behind it that we can get really excited about.

Adam Force 9:28
Yeah, I love that. And I hear so many times that it’s travel experience that inspires these ideas to do something and I’ve had the same experience where I’m out in these very remote areas of Costa Rica and you just feel like you know, there’s no way there would ever be any trash and then you can walk down the beach and you’ll see it’s not little shells. And sometimes it’s like little pieces of plastic that wash up from the ocean and it just drives you crazy.

It’s like, how can this be, you know? So yeah, I get that feeling of You know, you want to step up and try to do something. So it’s exciting to see that you’re taking those steps. But maybe you could take us back before this. And you know, you have experience as a growth marketer. And I’d like to hear a little bit more about that. So maybe you can rewind a bit and tell us how you got into that and some of the, you know, accomplishments or experiences you’ve had there.

Martin Ochwat 10:23
Yeah, definitely. So my career in growth marketing really started off when I got an opportunity to work in Silicon Valley. So I worked at a mobile gaming company called Machine Zone. They used to make top — or they still do but — they make top grossing mobile apps: Game of War, Mobile Strike. And at that time, I landed on the marketing team, started running Facebook ads with my boss and between the two of us we would manage close to 100 million US dollars per year just on Facebook, which made us one the largest advertisers on Facebook at the time. So it was really there where I got to learn the ins and outs of how do you drive traffic on the web at scale to both desktop and mostly mobile in our case, and then how do you work through these algorithms and, you know, find the most optimal way to get users to whatever product you’re selling. So I think that’s really what took off my career. And I learned, you know, going really deep the ins and outs of digital marketing.

Adam Force 11:29
Hmm, interesting. So I guess what were some…what are some of the…I guess you managed like Facebook ad budgets, like didn’t you have a massive Facebook ad budget that you were managing and stuff like that?

Martin Ochwat 11:42
Yeah, we managed close to 100 million a year in Facebook. And by the time I left, two years later, I actually worked with a few engineers to automate most of that. So we essentially had a machine just managing hundreds like 10s of millions of dollars a year.

Adam Force 12:00
That sounds pretty sweet. I’m all about automation, what kind of technology was that proprietary technology? Or is that something people can get their hands on?

Martin Ochwat 12:08
So the good news is a lot of the technology we worked on back in the day is now publicly available to people on Facebook. So this was back in, you know, 2014/2015. Features like, let’s say you’re running Facebook ads, one of the features they have now is split testing — if you want to split test two campaigns and see which one does better. Or if you want to just upload a you know, five different images and see which one works the best. Facebook has a lot of these features built in where they’ll just tell you, you know, hey, here’s the best performing image and it’ll automatically run it for you. Yeah, so I guess that’s the benefit now is from a lot of our learnings, I think Facebook had a lot of learnings, too, as we were one of their top clients. You get a lot of these tools for free.

Adam Force 12:54
Nice, nice and do you still find Facebook to be a powerful marketing asset?

Martin Ochwat 12:59
Yeah. Facebook is I think one of the most powerful channels still, especially for in the B2C side and a lot in the B2B I hear as well. The one challenge with Facebook today is it’s becoming more expensive as, you know, more advertisers are on it, the platform starts to saturate. But in terms of getting started, it’s super easy, super quick, and you can build an audience and a following, you know, in no time, so I’d highly recommend it. If you haven’t tried Facebook for your business, it’s a must-do.

Adam Force 13:33
Yeah, yeah, that’s where we put a lot of our energy. You know, we’re a smaller team and we can only focus on so many platforms. I found that trying to do every platform gets very distracting and I’d rather be a master of one than like, okay at many. And so I’m curious if you have any insights for people who are, you know, in the first five years of business, you know. They have smaller budgets and they’re trying to scale up their page or run their ads and get some conversions. Like, is there anything that stands out to you that might be beneficial for people to understand?

Martin Ochwat 14:07
Yeah, so I think the biggest thing I see is people are not doing enough testing when running ads on Facebook or really any channel. To give you an idea: at Machine Zone, we would run over 10,000 new ads per day. And that’s…I wouldn’t expect a small business to do that. But that goes to show how much testing we’re doing every single day with our creatives, you know, testing dozens of different images, videos, new ad formats.

Whenever a new ad format comes out, you can often get really cheap traffic through that ad format, whether it’s you know, Instagram Live or IGTV as just like an organic channel. Definitely test new formats. And then testing audiences, right? If you’re not, if you haven’t tested at least 100 audiences on Facebook, you know, you have a lot of opportunity there. So I think if you continue to take the testing mindset and just tweaking a lot of levers, you can get way, way better results that way.

Adam Force 15:09
Right. And I think a major barrier for people to get over — and this included us, I would say, two years ago as we were getting into bigger spend on a monthly basis, or even just the daily spend, right — and that was that when you have a new let’s say, product, and you’re testing to see, you know, maybe you want to get people into a sales funnel, and you have like a free offer, like a lead magnet, or you have like a webinar or whatever it is, in your testing creative and you’re testing if this funnel converts, there’s a decent amount of money spent in the testing environment where you may not be converting and getting a ton of sales, but you’re getting…you’re basically paying for data so that you can learn and then you start optimizing for sales. Is that… I mean, is that like a Is that how you guys felt about it? That sometimes you’re just paying for the data?

Martin Ochwat 15:57
Absolutely. Yes, starting out and when you’re doing testing you’re really paying to learn. And that’s something everyone goes through. I mean, a good way to look at it is if you already have some campaigns running, maybe you set aside five or 10% of your total budget. And that’s a constantly learning and testing budget. And that way, you know, once those learnings pay off, and eventually they will, you know, you could see, like, huge differences in your performance, like your ad cost might drop 25%, or you’re scaling up 30% more. And that’s only possible because of your previous testing learnings.

Adam Force 16:35
Yeah, that’s interesting. And the one challenge that we have found is that there’s so many variables to test. You can test the copy. You can test the images. You can test the audiences. You can test the, you know, the different interests that you’re aligning people to or maybe the lookalike audience or a custom audience.

And so I’m wondering with all the testing that you’ve experienced, are there certain variables that tend to have the most impact? Like, let’s say, the image you use or the copy you use? You know, if I was going to spend $1,000 testing 20 images, is that a smarter first test versus you know, 20 trying to test the copy, like, you know what I’m trying to say?

Martin Ochwat 17:17
Absolutely. So whichever platform you’re running on, you kind of have to look at it and see what, like, logically, what parts of your ad are people looking at the most, and on a Facebook or Instagram it’s definitely the image or video. So I would dedicate most of your time testing new creative content, and especially you know, in 2019 entering 2020, video is showing great results, you know. You get way more engagement, way…you have retargeting capabilities with video so if you’re not testing a lot of videos, even if they’re just scrappy, you know, slideshow style videos, you’re definitely leaving money on the table.

Adam Force 17:59
Yeah. Yeah, I love that retargeting type of funnel option that we have there. It’s pretty sweet. And to your point, like, you know, I think a lot of people have their guards up when they’re seeing yet another, you know, offer for something because you’re not necessarily on Facebook like looking for those things so it’s a little bit more passive for them. And do you find that more genuine authentic kinda like? I don’t know, it’s I’ve heard that that stuff does better for some people, but I’ve also heard that you want to make it like it’s almost like a news type thing because news gets the most attention.

Martin Ochwat 18:38
Yeah, so you really want to stand out I think and try to always be testing different angles. That’s an important part of it. Yeah. Being like these days, Facebook is a lot more strict on their platform. So being more compliant and authentic, you’ll have less issues running your ads versus you know, you don’t want to be getting into like fake news style of advertising especially if you’re like a social entrepreneur. But I like your point of testing a lot of angles, you know. You can make it seem more like, you know, eye catching wow like news style headlines and then you can try authentic headlines and see sort of what resonates with your audience.

Adam Force 19:18
Yeah and it just comes right back to the testing. Because everyone’s audiences different. I think there might be some common denominators just from a Facebook you know audience in general meaning like the kind of headspace someone’s in and just, you know, if they’re gonna…if it looks really salesy, and like that car salesman kind of feel people will probably stay away. But I think that granular testing is really the only way to find out what works best with your specific audience. That’s all really helpful feedback. And yeah, we’ve been really playing around a lot with the Facebook stuff, too. So definitely good results, but I do see it getting more expensive.

One of the questions I’d love to hear from you is you had a nice focus for a while with several ecommerce businesses, and as you’re building those businesses, you know, especially in those first few years, you know, I see a lot of people in ecommerce…it’s different than having a coaching business or selling digital courses and stuff like that. So when you have ecommerce, I go to these websites, and I’ll scout them out, and I see that they’re always trying to just make the sale. And then you go on Facebook, and it’s product promotion, product promotion, product promotion.

And you know, I’ve always found that you get a lot more value if you get somebody you know, onto your email list so you can keep talking to them because they may not buy right away, but then you can continue that conversation. What kind of strategy…I mean, does that align to how you saw a good approach? Like what was the approach from an ecommerce mindset that was helpful for you guys?

Martin Ochwat 20:48
Absolutely. So I think you’re totally right. Probably 90% of businesses I’ve seen in ecommerce are just looking to close the sale right away. And you know, that strategy starting out is not the worst strategy, right? If you’re launching a new business, you want to get sales to prove out the concept. But at some point, you need to shift your focus to how do you create long term sustainable revenue, right? It’s, yeah, if people just do one purchase and they never come back again, you know, eventually that business is not going to work. You’re just going to run out of people to sell your products to.

So capturing things like their email address, very helpful. You can continue to you know, send them emails until they unsubscribe or you just find they don’t interact anymore. Yeah, things like Facebook Messenger. I was probably one of the first advertisers on Facebook Messenger. We made a killing doing promotions through that. It’s a lot more strict now but there’s a lot of retargeting opportunities or, you know, it’s another way you can interact with customers where they have open rates of over 50% on your messages, which is still pretty insane.

And then the third thing I’d add is trying to build retention and lifetime value into your business model. So whether that’s offering subscriptions, you know, offering some sort of loyalty program for customers that have bought a few times, or even referral programs where they refer their friends, and both of them get some sort of special offer. These are all ways you can build more value, add more value for the customers, and as a result they’ll continue to stay customers for longer.

Adam Force 22:29
Yep, I love that. And that’s the thing we always talk to our audience. You know, in our program, we have a program where we do some educational stuff and coaching and we always talk about stop looking for the short term ROI and look for the long term ROI and think long term because you’re going to have new business, but then a huge part of that revenue to scale the business is the renewal business. So getting that business to repeat and grow and continue is going to be a major miss if you don’t have that renewal strategy. So that’s a big part. So it’s nice to kind of hear you back stuff up.

Martin Ochwat 23:01
Absolutely, yeah. And the other thing I’d add is I heard a good quote once. Usually the business with the highest lifetime value within a niche is the one that wins. And the reason for that is if you can increase the lifetime value of your customers, you can spend more money on marketing, you can spend more money on product and at the end of the day, you’ll be able to outmarket others in your space.

Adam Force 23:27
Exactly. That’s a great point. And, you know, having that long term strategy allows you to optimize the value of a lead. So to your point, that means you could spend more. So if you’re getting 100 people as let’s say it’s 100 leads, and you just get…there’s only one person out of 10 that’s ready to buy, instead of just selling them and you get them on your list and then you can get maybe four out of 10 to buy. So now that pool of 100 people you get more, right? You get you just quadrupled your sales for that particular spend.

Martin Ochwat 23:57
Yeah, that’s definitely the right way to look at it. So if you can focus on that, you’re going to have a great long term business.

Adam Force 24:03
Love it. Love it. So tell me now a little bit now that we’re going to…let’s just shift over to your latest zero plastic waste business. Where exactly are you in getting that off the ground? Is it up and running? So I didn’t see a link or anything like that yet?

Martin Ochwat 24:17
Yeah, so we’re pre launch right now. We have a waitlist you can join at www.getmoop.coom. We have a few thousand people on the list now. So really what we’re doing pre launch is making sure our products are top notch. We’re running beta tests, you know, just sending out free samples of products to people and getting genuine feedback. And we’re looking to launch in Q1 next year. So, yeah.

Adam Force 24:45
That’s exciting. How many products are you starting out with? Like, is he going to try to just sell one type of product to get rolling or a whole suite? What are you trying to do?

Martin Ochwat 24:54
So really, our our starting point is we’re trying to make your zero waste toiletries kit. And that starts with a deodorant, shampoo, and toothpaste. So those are our three core products. We’ll be adding other complimentary products as well down the line, but we really want to tackle products that you have to use every day like most people are using, you know, anyway, and how can we just make them less waste so that they’re both good for you and the planet?

Adam Force 25:23
Yeah, I love that man. These are like always business ideas that I historically used to think of and my skill sets were never really in this kind of ecommerce space. And I was like, man, I really just don’t know how to get these products like created, son of a bitch.

Martin Ochwat 25:39
Now you know, you know the secrets of Upwork and Fiverr.

Adam Force 25:42
Yeah, well, you know, and it just takes time, right? Like, you don’t want to rush the process. I feel like you do want to take your time to do the due diligence, take your time to get samples. You know, test the market with your stuff and prepare an actual launch of the business and, you know, that takes a while. Like how long have you been in process? Like just getting this off the ground at this point?

Martin Ochwat 26:04
Yeah, so in our case, we really started working on this in January. So it’s been almost a year now. And like you said, we want to build a business for the long term. So we’re investing in branding, good packaging, so much sampling and formulation, and just getting customer feedback. So all of that takes time. But it lets you get out the gate with a much stronger business on day one. And so that’ll give you a better customer experience and better retention.

Adam Force 26:35
Very cool. Very cool. So I’m curious…obviously, you’re going to be applying now all these strategies you have for Facebook and all that kind of stuff with your new ecommerce shop. What have you found is a good you know, we call it a high value content offer, which is you know, someone comes to your website, and if you want to start a conversation with them, you give them you know, some one step closer to solving whatever problem they’re looking to solve and that might be to buy a zero waste product. And so how do you get them on your email list?

You know, a lot of these ecommerce places will have, you know, a pop up that comes up and it’s like a discount code or free shipping and you know, things like that. You know, ecommerce again, it’s a little different than a coaching or digital courses and all that kind of stuff. So I’m curious if you have…and obviously you guys haven’t put this together just yet. But you know, in your mind, like when it comes to an ecommerce space, do you have any thoughts on you know, what might be a good idea to get people on the list?

Martin Ochwat 27:34
Yeah, so I totally agree. Most businesses just do like a pop up after 30 seconds: get 10% or 20% off for joining our list. I mean, the reason they do that is it does work but it doesn’t really build you know, a great relationship with the customer and might make…they may see you as like a more of a discount brand. I think if you build a strategy more around content where you know, a lot of customers are going to find you on social probably on Facebook or Instagram.

If you can share helpful posts and stories there to get them warmed up. Have you know a blog or podcast or video series where you have a bit more content, and you can still do that pop up on your homepage, but it doesn’t have to be a discount. If you, you know, you make it cheeky or interesting and say, Hey, we just…we’ll just give you like the best content free of charge, like live a low waste lifestyle in five easy steps. A lot of the time, that is enough to get people to sign up via email. And, you know, you don’t have to discount your brand on day one. So that’s what I’d recommend.

Adam Force 28:44
So that would be like a lifestyle checklist like five, five ways to do this. And like, you know, just simple things. And I like what you’re saying because you’re right, you have to warm them up. And if you want to build trust, you need to have a certain conversation with them. And I think that the people that become real advocates, they’re the ones that do invest in understanding like your stance on the cause or your story and all that type of information. And as they do absorb that, they become real buyers who will renew and really love what you do, right?

Martin Ochwat 29:13
Absolutely. Yeah, those are…you want to look for brand advocates, I think starting out especially. And if you can build a small community of people that just love your product, and they share it with their friends and family and stay engaged, like that’s kind of your beachhead market, and you can really expand your business from there.

Adam Force 29:32
Beautiful. Yeah, I love that. So I think we’re coming up to the end of our time here, and I just want to be respectful of your time. And I appreciate all the great stuff and I’m excited to see…so the brand name is get Moop. Right? So that’s going to be the new company name.

Martin Ochwat 29:50
Yeah, so our name is Moop. And yeah, it stands for Mindful of Our Planet.

Adam Force 29:56
Cool, cool. Cool. Well, I’m excited to see where you go with that. We’ll keep an eye out and it’s www.getmoop.com. So if you guys want to get signed up to see where that goes and be notified about the updates, you guys can just pop over there and check it out. Martin, thank you so much for your time. Very much appreciate it.

Martin Ochwat 30:16
Yeah. Thank you, Adam. It’s been a pleasure speaking with you today.

Adam Force 30:20
Awesome. We will stay in touch and talk soon.

Martin Ochwat 30:23
All right, take care.

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Transcribed by https://otter.ai

 

How Technology Adds Value to Your Business

If you want to run a business in this century, you have to embrace electronics and technology as it grows and becomes vital in the operations of businesses around the globe. Your business is no different. Commonly, companies are using technology to execute a good chunk of their tasks. As a result of this job automation, productivity is higher and more efficient. Unlike human beings, electronics can deliver continuous results for your business without getting tired. The question most people ask is, how should they develop their businesses using technology and electronics to be successful? Here is how: 

1. Faster and More Comprehensive Communication 

In any business, communication is vital for success. The availability of internet and devices that use it like laptops and mobile phones have brought about radical improvements in communication. As a business owner, one of your most important responsibilities is to ensure that you use the available communication resources to lead, guide, and direct those that report to you. Once that is done, things move faster. The invention of the “cloud” enables people to communicate and work on a project even if they are in different locations. As a topic for another day, working remotely has become extremely popular among many companies, and allows for a better balance between work and life at home. In the medical industry, technology has allowed surgeons to use virtual operating theaters to oversee surgical operations. As time goes by, the processing speeds of these machines will likely increase and we will see more and more jobs moving toward job automation or virtual assistance. Therefore, because of this expected rise in communication technologies, one must prepare his or her business to keep up.

Platforms such as Google Docs and Slack have allowed companies to move further into the world of remote work. These and other similar platforms are not all brand new, but have recently been integrated more fully to allow for a better balance between projects, team communication, and being there for our families. It seems that these days, the bigger the company, the more useful and integral these apps and sites are to company and personal success.

Recently, I read about Slack being used heavily in many different companies, but especially within Cole Haan. They’re developing footwear that breaks the boundaries of traditional, professional, comfortable, and modern—and needed a tool to be able to keep up with their fast-paced production. So Slack was the easy choice. For Cole Haan and many other innovative companies, the innovative and obvious choice is a platform such as Slack for convenience, speed, and reliability.

2. Improving Client Satisfaction 

A client is vital for the success of any business; therefore, it is the responsibility of the management to ensure that the valued customers are always happy and feel that they are being taken care of. Customers expect regular updates when there is a new item in or out of stock. Nobody likes to prepare to purchase a product and find out that it’s not available. For this reason, many companies have electronic inventory systems that they use to interact with clients. If you have multiple stores, you can generally use this same system to check the inventory of your various stores. The number of people gaining access to the internet is rising everyday. Being able to reach everyone at once is a challenge that most businesses find difficult and overwhelming. Therefore, you can opt to create a streaming platform to ensure that you reach the potential clients who cannot access your store. With rising demand and expectations from our customers, companies like yours and mine will only be able to fully satisfy our clients if we integrate new technology into our business. 

Aside from selling a company’s product, technology is now the largest means of communication with fans or supporters. Instagram and Facebook, for example, have taken over the world and are now the platform of choice for representing a brand. As an avid baseball fan, the best example of this is the Major League Baseball Instagram account. The constant posting and interacting with fans is what keeps people engaged and what makes a sometimes boring game so much more exciting. Responding to disgruntled fans and those who wish to purchase merchandise on their accounts has made them a prime example of how tech (and the apps available) has changed customer interaction.

3. Ability to monitor Employees and Business Productivity 

Manually monitoring business and its employees is a considerable challenge. It can be even harder if you try to do it all yourself. However, thanks to technology, managers make use of business productivity software to get updates on the progress of a project. Since this new technology adds the ability for your employees to learn new skills and perform at their highest level, your company can be more productive. The moment you encourage your employees to learn how to operate new electronic equipment, you create a culture of progress. This culture enhances learning and encourages employees to improve. These improvements, whether they be personal or work related, will always had depth and useful skills to your team. Finally, always remember to reward your staff members when they perform well on a task or bring something new to the table. You may never know how far your support can go.

4. Saving on Labor 

As technology continues to grow, some business operations will become automated. Machines can communicate with one another and execute tasks using artificial intelligence, and can do so flawlessly. As a result, a company may not need to employ more people since these machines can do a lot of the menial and time-consuming jobs. One important concept that we must remember is that it is essential to find someone skilled and knowledgeable enough to monitor the operations of the equipment. The use of more technology does not mean that management can sit idly by. Machines can break, technology can complicate itself, and will always require some sort of oversight to ensure that all is running smoothly. Since the firm saves on labor costs because of job automation, the resources that could have been used to pay the workforce can be used to improve another sector of the business. 

Many healthcare and service companies have integrated the “self-serve” method of appointment scheduling and customer contact. More and more lately, you’ll be directed to an online portal to schedule your appointment. Even better, you’re able to schedule a home repairman through an application such as Square Appointments. What’s fairly new now, I believe will become commonplace as these menial tasks are dissolved.

Because of its simplicity and reliability, these and other platforms have penetrated nearly every industry! From the development of Excel and Mircrosoft Office years ago to customer interaction platforms, technology is simplifying the way business are run. There are so many more opportunities these days to expand and better your company, just through the use of technology. We’d all be crazy to not experiment with it!

5. Connecting Teams Virtually in the Company 

No matter your location, technology enables you to connect with the employees in your organization through the employee portal. There are dozens of these platforms out there, which allow for amazing collaboration and organization on projects. Allowing employees to communicate while they undertake a project is a spectacular idea because they are then able to exchange ideas easily, coordinate plans, and correct one another if needed. Additionally, experts may also be added to the portal to assist employees in case they have a pressing issue that needs urgent attention. These management portals or platforms are widely available and can make the difference in your company, especially with multiple locations or employees working remotely.

6. Getting Rid of Redundant Tasks 

Technology adds automation to tasks that you keep spending time on to do over and over again. For most people and businesses, this repetition is meaningless. The employee isn’t challenged, and therefore won’t grow to be more productive or beneficial to the company. This is the opposite of what every manager wants. If you want to send a courtesy email to your clients, you don’t need to write the same thing to every new client. You can opt to use a service company to send an email automatically to new subscribers. In many businesses, this is the epitome of job automation. The amount of time this saves will be dramatic. If you aren’t already using an email service to take care of this redundant task, consider making this your first action item in next week’s meeting. You’ll be amazed by the time you save.

There are many examples of companies and industries that are embracing technology and seeing the results in their workplaces. I previously mentioned the healthcare industry as one that’s begun to adopt technology into the workspace, but it hasn’t always been that way. I think we can all agree that the healthcare industry has been one of the slower to trust technology with the tasks that have been completed by humans for so many years. This could be because of usability issues, or even patient confidentiality. But now, things could change. The credibility and trust that these companies have built is changing the world’s willingness to adapt. Sooner or later, technology will have a prevalence we never expected!

If you are a business owner or management in a company, technology and electronics are some things that you cannot avoid if you want to succeed. The world is moving steadily in this direction and will continue to leave companies behind if they don’t decide to embrace these advances. While there is a lot to consider when implementing new technology, the above tips clearly explain how technology can help to improve business processes. Now, it’s just a matter of figuring out what works for you!