Author: Young and Profiting (YAP) with Hala Taha

  • Kat Norton: Niche to Riches, How I Made Millions Teaching Excel on TikTok | E316

    AI transcript
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    0:01:13 I started selling my first Excel course, and two months later, it was bringing in more
    0:01:15 revenue than my day job.
    0:01:20 I love dancing, I love helping people, and I love Excel, so I was like, what would happen
    0:01:23 if I put all of that inside of one video?
    0:01:26 And that polarity is what really helped the videos take off.
    0:01:30 Excel’s kind of sneaky, where like most people don’t understand the capabilities that it
    0:01:31 has.
    0:01:33 But really, like, it is a machine.
    0:01:36 Our biggest revenue driver is webinars.
    0:01:39 What’s your best strategies to invite people to the webinar?
    0:01:40 So we do the majority of it through…
    0:02:01 Young and Profiters, welcome back to the show, and today we have a super inspiring episode
    0:02:07 because my guest today has achieved success and a resulting lifestyle that many of us
    0:02:10 young entrepreneurs out there could only dream about.
    0:02:17 Cat Norton, aka Miss Excel, generated $2 million annually in her business by the time she was
    0:02:19 just 29 years old.
    0:02:24 She bought her first home, and she has a hugely satisfying career and fulfilling career while
    0:02:28 only working just four hours a day.
    0:02:29 So what was her secret?
    0:02:35 It was combining two of her biggest passions with social media savvy and a contagious energy.
    0:02:40 In today’s episode, we’ll learn about how Cat transformed her love and passion for dancing
    0:02:46 and spreadsheets together to then turn into a viral sensation on TikTok and parlay that
    0:02:50 into a successful online business and course sales.
    0:02:52 And we’re going to get her insights on how you can do it too.
    0:02:56 I’m going to pick her brain on how she went viral on TikTok and Instagram.
    0:03:00 We’re going to learn how she promotes her courses and strategies through webinars and
    0:03:01 so much more.
    0:03:02 I can’t wait to get into it.
    0:03:07 Without further ado, here’s my conversation with Miss Excel, Cat Norton.
    0:03:10 Cat, welcome to Young and Profiting Podcast.
    0:03:12 Thank you so much for having me.
    0:03:14 I’m really excited for this conversation.
    0:03:20 So your story is one that a lot of entrepreneurs would envy, but I came to find out that your
    0:03:25 story actually started with $100,000 in student debt and a job in corporate America that you
    0:03:28 weren’t quite satisfied with.
    0:03:31 So can you walk us through your early career journey and where you thought you were headed
    0:03:33 at that time?
    0:03:34 Absolutely.
    0:03:40 So I graduated college back in 2016 with my MBA and I went right into the corporate path.
    0:03:47 I was at a consulting firm and really quickly from when I got there, I realized that I had
    0:03:51 some enhanced Excel skills because people started just directing questions toward me
    0:03:53 of, “Hey, how do I do this?”
    0:03:58 So for fun on the side, when I was on the bench for a week in consulting terms, it’s
    0:04:04 when you don’t have a client for a week, I built out the most fun, engaging Excel
    0:04:07 training for fun just on my computer.
    0:04:12 And a managing director looked over my shoulder and was like, “What are you doing over there?”
    0:04:16 And I was like, “Oh, you know, I kept tabs on everyone’s Excel questions and I started
    0:04:18 building out this class just for fun.”
    0:04:22 And they totally backed me and had me flying around the US right when I started as a new
    0:04:26 consultant on the side of my job hosting these Excel trainings.
    0:04:29 So I did that for five years before I actually made the business.
    0:04:34 Or so it’s a passion project and a way to really help people at the company I was at.
    0:04:40 It’s awesome that you got to learn and hone your craft as an Excel trainer on somebody
    0:04:41 else’s dime.
    0:04:43 So you ended up becoming an entrepreneur.
    0:04:44 We actually have something in common.
    0:04:49 We’re both COVID entrepreneurs who started our businesses in 2020.
    0:04:51 What changed for you during the lockdown?
    0:04:54 Why did you decide, “Okay, I want to try to step out on my own now?”
    0:04:59 It really brought down the amount of travel I was doing, which gave me a lot more time
    0:05:00 to reflect.
    0:05:04 So before this, with my consulting job every week, I was traveling to a new client in a
    0:05:07 new state and I did that for years.
    0:05:11 So I was just running, running, running, not really analyzing my life and what I wanted
    0:05:17 and I was a very creative being, but I wasn’t really pursuing anything too creative.
    0:05:22 And that is when I found myself back in my childhood bedroom of my parents’ house, no
    0:05:24 longer traveling, just working remotely.
    0:05:29 So I had a lot more time on my hands because I would spend a lot of hours per week traveling
    0:05:34 and that’s why I started doing a ton of inner work because I knew the version of myself
    0:05:37 that I was at that time was not my highest self.
    0:05:41 And I was like, “Okay, there’s definitely some things I need to work on here.”
    0:05:48 So I dove deep into inner child work, shadow work, meditation, Dr. Joe Dispenza’s work
    0:05:54 and really throughout that, over a two month period, every single day, I was just finding
    0:05:57 ways to keep working on myself, leveling up.
    0:06:02 And I’ll never forget, it was about two months into that, had no business.
    0:06:07 I was in my childhood bedroom, I came running out one day and I was like, “Mom, I’m going
    0:06:11 to be rich and famous soon, so I need you to prepare your nervous system for that.”
    0:06:15 And I was like dead serious and she was like, “What?”
    0:06:18 Like, “Okay, Kathleen, go clean your room.”
    0:06:23 But every cell in my body already knew I was on some other timeline even though my current
    0:06:26 reality looked nothing like it at all.
    0:06:30 And then within a few weeks from there, I got the intuitive hit from Ms. Excel.
    0:06:33 I remember downloading the TikTok app for the first time.
    0:06:37 I was so against it, I was like, “Oh, I’m not going to waste time on TikTok this early
    0:06:38 pandemic days.
    0:06:41 It’s like I’m going to read a book.”
    0:06:46 And then I opened it up and I started looking and was like, “Oh, it’s kind of weird.
    0:06:48 There’s no Excel on TikTok.
    0:06:53 Do people not like Microsoft Excel here or could this be something?”
    0:06:55 And I had no idea how to use that at all.
    0:07:00 I watched a few YouTube videos and was like, “Okay, figure out the buttons here.”
    0:07:06 And I had a vision of what the video would look like right when the idea had come up
    0:07:10 where I saw the Excel screen above my head, but me dancing below it.
    0:07:15 And it was to that Drake song, the Tuzi slide, you know, left, right foot slide, to the left
    0:07:17 and the right function in Excel.
    0:07:21 So that’s really where I was like, “Okay, I want to see this vision come to life.
    0:07:22 I’m such a creative.
    0:07:26 I want to get this out of my brain and into something.”
    0:07:30 And I watched the video back and I was like, “Oh, this is actually pretty cool.
    0:07:31 Maybe I’ll make an account.
    0:07:32 Maybe I’ll post it.”
    0:07:34 And that’s really where it all began.
    0:07:39 So basically, you had this viral idea that you said you downloaded it and a lot of it
    0:07:41 had to do with your mindset work.
    0:07:43 Can you actually go a little deeper on that?
    0:07:45 You mentioned Joe just spends up.
    0:07:49 What kind of inner work did you actually do and how did your mindset change before you
    0:07:52 actually started posting on social media?
    0:07:55 There are three main tools that I use, and I always like to preface this with these are
    0:07:58 the ones that I use, but there are so many out there.
    0:08:01 It’s really just a matter of finding one that resonates with you.
    0:08:04 For me, I was diving into the work of Dr. Joe Dispenza.
    0:08:08 I’ve been to a few of his retreats now, but at the time I was just reading his book, Breaking
    0:08:11 the Habit of Being Yourself.
    0:08:16 And that for me brought my scientific logical brain on board with law of attraction, manifestation,
    0:08:18 how all of that works.
    0:08:23 Because naturally, I’ve always been a bit of a mystic with that stuff, but there was
    0:08:27 still this conscious part of my mind that was having a little trouble grasping like,
    0:08:28 “Oh, think positive.
    0:08:29 Good things will happen.”
    0:08:31 I need a little bit of that science.
    0:08:33 So for me, that book opened up a ton.
    0:08:38 And then I was also doing Kundalini yoga, which is powerful yogic technology with breakfast
    0:08:40 work and mantra.
    0:08:43 So that was keeping my energy in a really good spot.
    0:08:48 And then I started doing Lacy Phillips has a program called Tubi Magnetic.
    0:08:52 And it’s a really structured way to do inner child work and shadow work.
    0:08:56 So for me, Capricorn, I like my structure out here.
    0:09:01 So I had a very structured way where I knew every day I was going in and working on certain
    0:09:02 parts of my brain.
    0:09:06 And then over time, due to neuroplasticity, I was able to go in and change some of the
    0:09:10 neural pathways that were creating my current reality.
    0:09:14 Because I wasn’t as much of a fan of where I was and knew there was somewhere else I
    0:09:15 wanted to go.
    0:09:20 So for me, that was my little trifecta to get my conscious mind on board, to have a
    0:09:25 yoga practice, and to be just overhauling a lot of the patterns and limiting beliefs
    0:09:27 that were keeping me in place.
    0:09:32 So basically, you didn’t realize that you could really break out and become something
    0:09:33 more.
    0:09:38 And after doing this mindset work, you’ve actually got confidence to go out and do it.
    0:09:43 So did you have any previous social media experience before you first started posting
    0:09:44 on TikTok?
    0:09:46 None at all.
    0:09:51 So if you looked at my personal pages, you’d be like, “Okay, this girl is not an influencer.”
    0:09:54 So I was really just learning by the seat of my pants.
    0:09:58 I would read the comments people had, and I’m like, “Okay, what do they like?
    0:09:59 What do they not like?”
    0:10:03 But also for me, it really came down to authenticity.
    0:10:07 So I love dancing, I love helping people, and I love Excel.
    0:10:12 So I was like, “What would happen if I put all of that inside of one video, right?”
    0:10:14 So for me, it was just an authentic expression.
    0:10:15 It was cool.
    0:10:19 It was something I had never seen anybody do before in terms of the Excel space especially,
    0:10:24 but also in a lot of learning spaces, integrating dance, which is more native to the TikTok
    0:10:27 app, but then layering in the educational piece.
    0:10:32 And that polarity is what really helped the videos take off because if I just posted Excel
    0:10:36 tip videos, people would have been like, “Cool, I don’t use Excel,” and moved on.
    0:10:40 But so many people were commenting because they were like, “What the heck is this girl
    0:10:41 doing?
    0:10:42 She is dancing.
    0:10:45 She’s doing the Susie slide, left to right function.
    0:10:47 What is going on here?”
    0:10:49 And that’s really what helped it go through the algorithm.
    0:10:51 And I want to laser in on something you said.
    0:10:54 We’ll go deeper on it later, but you talked about polarity.
    0:11:01 So the fact that you combined two things that are really uncommon together, dance and Excel,
    0:11:02 it gets people talking.
    0:11:06 It gets people complaining, “Why are you dancing talking about Excel?”
    0:11:10 Or some people will love it, and it gets people talking, which really drives everything up
    0:11:11 in the algorithm.
    0:11:15 Do you have anything else to say about polarity and how important it is for social media?
    0:11:20 I think it’s a combination of polarity, because obviously you want a healthy polarity, right?
    0:11:22 You don’t just want to say things to create polarity.
    0:11:26 It needs to be something that’s actually authentic to you.
    0:11:30 So I think it’s important to make sure that your mental health is in a great spot to be
    0:11:33 able to receive what comes with polarity.
    0:11:34 Right?
    0:11:39 Because a lot of times when a video goes viral, negative comments are the majority of the
    0:11:43 ones in there, because it’s being shown to people, it’s being shared, and that’s just
    0:11:44 the nature of the planet, right?
    0:11:48 We live on a polarity planet, there’s always positive and negative forces.
    0:11:54 So it comes to making sure that your nervous system is able to hold the energy of what
    0:11:57 is going to come through from creating the polarity in that content.
    0:11:59 So for me, that was my biggest work.
    0:12:04 I was constantly working on myself, because easily some people get some negative comments
    0:12:05 and it’ll take them out.
    0:12:07 They’ll be like, “I don’t want to post anymore.
    0:12:11 People think this,” or you start having certain limiting beliefs that then are adjusting the
    0:12:13 actions you’ll take.
    0:12:17 So instead of following your intuition, you’re following the actions that’ll please the most
    0:12:19 people or things like that.
    0:12:22 So it’s really important to keep coming back to yourself, come back to that intuition,
    0:12:27 and know that the polarity is going to trigger some people, and that’s okay.
    0:12:30 That was a big lesson for me as a former people pleaser.
    0:12:31 I had to let that go.
    0:12:34 So you’re really big on TikTok.
    0:12:35 LinkedIn is my main platform.
    0:12:39 I’m an influencer on LinkedIn, and you got me thinking.
    0:12:43 One of my biggest viral posts was this post that had a lot of polarity, and I never really
    0:12:45 put those words around it until right now.
    0:12:52 But basically I was wearing a hot pink jumpsuit, and on the photograph it said, “I’m a female
    0:12:54 CEO with female crossed out.”
    0:12:58 And so there was a lot of polarity because I was wearing a hot pink jumpsuit, but I crossed
    0:12:59 out female.
    0:13:02 So like everybody was talking about it, and now I know why.
    0:13:03 It went viral.
    0:13:06 So how soon did things take off for you?
    0:13:08 Did you go viral right away?
    0:13:09 Did it take months, years?
    0:13:11 What was it like for you?
    0:13:16 The whole thing happened pretty quickly, and I do attribute a lot of that to the energetics
    0:13:20 that happened behind the scene where I was able to actually show up fully authentically
    0:13:26 in what I wanted to create, and was ready to receive the attention back, where normally
    0:13:28 I grew up with an anxiety disorder.
    0:13:30 I hated having any attention on me.
    0:13:35 I had to do a lot of overhauling to get to a spot where I wasn’t going to subconsciously
    0:13:38 limit what was able to come into my field.
    0:13:42 So it was by the fourth video to that DMX song, “X gon’ give it to ya.”
    0:13:47 I did the X lookup function, and that one, it was so good.
    0:13:52 That one got 100,000 views right away, and I was like, “Oh my gosh,” because this at
    0:13:56 the time was my secret TikTok account because I sold a corporate job.
    0:13:58 I wasn’t really sure what I was allowed to do.
    0:14:03 So for me, I wasn’t like, “Hey everybody, like my video.”
    0:14:07 Only my mother and my boyfriend knew about this secret account, Miss Excel.
    0:14:12 So for me, when that video hit, it got shown to all these people I work with.
    0:14:13 It got shown to all these people I know.
    0:14:15 I’m getting all these messages like, “Is this you?”
    0:14:18 And I’m like, “Oh, maybe it’s me.”
    0:14:25 And then within three weeks of that, I had my first video go viral on TikTok.
    0:14:29 And next thing you know, I looked down at my phone, and within a couple days, I had
    0:14:31 100,000 followers.
    0:14:34 And that’s where I was like, “Whoa, now what do I do?”
    0:14:37 Because everything was going on in the news, too, at this time.
    0:14:42 This was like June, July of 2020, that TikTok’s getting banned, all the things.
    0:14:45 So I was like, “Well, I got a hedge mark risk out here.
    0:14:47 I’m going to create an Instagram account.”
    0:14:50 So I created an Instagram, started posting on there.
    0:14:54 And then within a few months, both accounts had gone viral various times, and we had a
    0:14:57 few 100,000 followers across the different platforms.
    0:14:59 That’s so amazing.
    0:15:05 It’s so rare to have somebody who just skyrockets on social media right away.
    0:15:10 You just alluded to the fact that you came on with really good energy, and energy is
    0:15:11 really magnetic.
    0:15:14 So can you talk to us about the importance of ensuring that you have the right type of
    0:15:17 energy when you go film your videos?
    0:15:20 I view content as simply an energy exchange.
    0:15:26 My energy is coming through to you on your phone or vice versa, and you are the recipient
    0:15:27 of that energy, right?
    0:15:30 So my job as a creator is I want my energy through the roof.
    0:15:35 I want it in its most heightened, sparkly, magnetic state, because, one, that’s what’s
    0:15:36 going to stop someone.
    0:15:38 Think about a bunch of people walking down the street.
    0:15:43 If there is someone that is magnetic and pure joy and happiness, and that was something
    0:15:47 I worked on myself, too, to get myself to that place, that’s the type of person and
    0:15:50 that’s the type of energy where you’re going to stop and be like, “Whoa, what’s that person
    0:15:51 doing?”
    0:15:55 Why do I feel like attracted to them, not in a sexual way, but in an energetic way?
    0:15:56 It’s magnetism.
    0:16:01 So that’s something I was learning early on is practices I can do behind the scenes,
    0:16:06 and a lot of that was where the Kundalini Yoga came into play, doing different yoga technologies
    0:16:11 and breath work and things where my aura would become bigger, my energy would become bigger,
    0:16:13 and that way it would stop you on the phone.
    0:16:17 So whether it was the polarity of the video, like, “I’m looking at Excel and a girl dancing
    0:16:21 at once, what is this?” or just the energy behind it, right?
    0:16:24 Like if I looked really bored or like I was having a bad time, I wouldn’t want to hang
    0:16:25 out.
    0:16:28 It’s kind of like creating a little room with someone when you’re watching a piece of content
    0:16:29 and you’re like entering their room.
    0:16:31 It’s like, “Do I want to go in that person’s room?”
    0:16:35 You want to make sure the energy is there, you’re inviting, and you’re actually providing
    0:16:36 value.
    0:16:39 So that was something, too, where I’d spend a lot of time researching the tips and tricks,
    0:16:44 making sure that one, people were learning, but two, also that we were having that entertainment
    0:16:49 factor because each video too can bring someone’s energy up or down.
    0:16:53 So if you’re watching dark things that are going to bring down your frequency, bring down
    0:16:58 your vibration, that’s something that’s going to create more negative feelings in the body.
    0:17:01 My job is, I’m trying to lift that up on the planet.
    0:17:02 I want to make you smile.
    0:17:03 I want to make you laugh.
    0:17:06 I want to brighten your day in any possible way that I can.
    0:17:11 So that’s where with my content, I need to make sure that I’m in a good spot before I
    0:17:18 go and actually make that peace because that energy translates every single time.
    0:17:20 So I love actionable advice on the podcast.
    0:17:25 Most of our listeners, they’re entrepreneurs, they might be creating content.
    0:17:26 We’re on video right now.
    0:17:28 What is something that we can do right now?
    0:17:32 Because you heard me when we got on camera, I was a little upset because I have a new
    0:17:36 makeup artist and she put way too much makeup on my face and I was like, “Oh, I don’t feel
    0:17:37 like myself.
    0:17:40 What would I do to get my energy up in a situation like that?”
    0:17:45 Well, first off, I think you did an incredible job of one expressing that because so many
    0:17:47 people internalize that.
    0:17:51 So you just opened it up to the room, you were like, “Hey guys, this is how I’m feeling.”
    0:17:55 And that openness is automatically releasing any type of shame you’re feeling around that
    0:17:56 emotion.
    0:17:58 So I had this a lot going on with acne.
    0:18:02 I was trying so hard to hide my acne for years and years and makeup and things.
    0:18:07 And the second I started talking about it, it releases the shadow aspect of it.
    0:18:09 So then it just releases that electromagnetic charge.
    0:18:10 So you did an amazing job.
    0:18:13 You literally came out and you’re like, “Yo, guys, this is how I’m feeling.”
    0:18:14 Right?
    0:18:19 And then we were able to hype you the F up because your perception of that reality was
    0:18:21 different than our perception of that reality.
    0:18:23 We’re like, “Oh my gosh, she’s dropped that gorgeous look at her.”
    0:18:26 And then that was your perception of the reality.
    0:18:30 So we were able to merge that a little bit and get your vibration back up.
    0:18:32 And now you’re so sparkly and magnetic as always.
    0:18:36 So it’s really cool what you did was so on point.
    0:18:37 Yeah.
    0:18:38 I love that.
    0:18:42 I love putting some real life situations into perspectives.
    0:18:43 Okay.
    0:18:48 So let’s talk about the different ways that you can trend on TikTok.
    0:18:50 You talked about polarity.
    0:18:53 You also talked about craftsmanship, creativity, and authenticity.
    0:18:57 Can you break down those things and how they can help us do well on TikTok and Instagram
    0:19:01 and all the other short form video content out there?
    0:19:05 When it comes to authenticity, I do think that’s one of the biggest ones because I see
    0:19:11 a lot of people trying to fit themselves into a certain box that’s not their box.
    0:19:13 It’s not the box that feels good for them.
    0:19:14 It’s not what they actually want to do.
    0:19:19 I remember when TikTok back in like 2020 with it, everyone was like, “Oh, if I go on
    0:19:21 TikTok, I have to dance.”
    0:19:23 You absolutely do not have to dance.
    0:19:26 And obviously we see that now in all the content that’s out there now.
    0:19:32 But at the time for me, I was just dancing because I genuinely love to dance.
    0:19:36 That is when I’m so sparkly and magnetic and I will do that behind the scenes to hype
    0:19:37 myself up.
    0:19:40 So for me, it was a very authentic expression.
    0:19:45 I do think too, when it comes to actually creating that polarity, I like combining different
    0:19:46 things.
    0:19:50 I like having a unique spin on something that you haven’t seen before.
    0:19:54 So I think when it comes to creating that authentically for you, what I like to do is
    0:19:56 just literally make a list.
    0:19:57 This is how I got started out.
    0:19:58 I made a list of like, what do I like?
    0:20:01 Because I remember this was back when I was at my corporate job.
    0:20:05 I was just very much the dull version of myself.
    0:20:09 And I was really contorting to be the way that I needed to be to fit in the corporate
    0:20:10 box.
    0:20:13 And I was doing securitization reviews for banks.
    0:20:15 I had a marketing degree.
    0:20:18 I always constantly felt like I was just not in the right room.
    0:20:20 I was like, “Oh, finance.”
    0:20:26 So it was one of those things where I needed to get clear on who I was and what I genuinely
    0:20:29 authentically wanted to do and create.
    0:20:33 So I literally made a list of what lights me up and what do I love.
    0:20:37 And then you could take a step back and look at that list and be like, “Okay, is there
    0:20:40 a way to branch these things together?”
    0:20:44 And then if you feel like you have limiting beliefs popping up being like, “Well, you
    0:20:45 don’t have time for that.
    0:20:46 You can’t do that.
    0:20:47 People think you’re weird.
    0:20:48 You’re going to get fired.”
    0:20:51 All the things, those are the biggest blessing, right?
    0:20:56 Because that is when it is shining a flashlight on the limiting beliefs that are holding us
    0:21:01 in place from getting to where we intuitively and authentically want to go.
    0:21:06 So I think a big part of it is I view whenever I catch a limiting belief, I’m like, “Hell
    0:21:07 yes.”
    0:21:09 Because now I see it.
    0:21:11 The biggest thing is having the gift of awareness.
    0:21:13 And that’s the thing with the Kundalini Yoga technology.
    0:21:15 It’s the Yoga of Awareness.
    0:21:20 So I was constantly doing things to bring awareness to my own self because a lot of us go through
    0:21:24 life trying to, and I did this for the longest time, just hide ourselves, hide our flaws,
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    0:21:27 And I was like, “You know what?
    0:21:32 I need to bring my own self-awareness to where my quote-unquote flaws are, if they’re even
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    0:21:34 People view everything different.
    0:21:36 It’s all perception.
    0:21:42 And be able to not stand in my own way when it comes to getting those goals, when it comes
    0:21:46 to reaching what I actually want to do and what timeline I want to be on.
    0:21:51 So I think it’s all just a game of authenticity, polarity, awareness, and just doing things
    0:21:54 in your own way.
    0:21:58 Let’s hold that thought and take a quick break with our sponsors.
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    0:26:14 At what point did you decide, okay, I’m going to start monetizing this thing?
    0:26:18 At what point did you decide to put out a course and start making sales?
    0:26:20 That was in October of 2020.
    0:26:26 So at this point, I had a few hundred thousand followers on TikTok, on Instagram, and a business
    0:26:32 coach slid into my DMs, as he should, and was like, hey, notice you have a few hundred
    0:26:37 thousand followers, no lead magnet, no link in your bio, no mailing list, no product, what
    0:26:39 to do it over here.
    0:26:42 And I was brand new to the digital marketing space.
    0:26:44 I did not know any of these things.
    0:26:46 So I did a one-off session.
    0:26:51 I ended up doing the class, like I had the Mailchimp, the Linktree, the little automation
    0:26:53 going, and I started growing a mailing list.
    0:26:55 And that happened pretty quickly.
    0:27:01 And by November of 2020, so about a month later, is that Black Friday is when I started
    0:27:03 selling my first Excel course.
    0:27:06 So this course, I took two weeks off from my day job.
    0:27:10 So at this point, I’m still working 50 hours a week at my day job.
    0:27:13 Took two weeks off on vacation in my living room.
    0:27:14 Yeah.
    0:27:18 And I built the most fun, engaging Excel course I could possibly think of because if you see
    0:27:21 my content, your girl could not have a boring Excel course after that.
    0:27:24 I was like, this needs to be really cool and fun.
    0:27:25 So I built the whole course.
    0:27:27 I taught myself video editing.
    0:27:30 I edited every single video. It was over a hundred videos.
    0:27:33 And I started selling it Black Friday.
    0:27:39 And two months later, by January, it was bringing in more revenue per month than my day job
    0:27:40 was per month.
    0:27:45 And I was like, well, my Excel takes me like 10 hours a week and my day job takes me 40
    0:27:46 to 50.
    0:27:49 I would be dangerous with those hours back in my week.
    0:27:52 I would be able to just go off and really scale this thing.
    0:27:57 So to everybody’s discontent, I was like, I’m going to quit my study.
    0:28:00 Because she’s stable day job in order to make TikTok content courses.
    0:28:03 And everyone was like, what?
    0:28:06 But for me, it’s really just a game.
    0:28:08 This is how I view entrepreneurship.
    0:28:10 It is just taking the bet on you.
    0:28:15 And I knew as long as I made that promise to myself, I am not going to give up on me.
    0:28:18 There is no risk as long as I’m not giving up.
    0:28:22 I will 100% be successful because I will not stop until I get there.
    0:28:26 And I just went into it with that mentality with all the people who were like, what are
    0:28:27 you doing?
    0:28:30 And, you know, trying to like explain to your 30% team that you’re quitting.
    0:28:32 Oh, what company are you going to?
    0:28:33 My company.
    0:28:34 What do you mean?
    0:28:37 Have you seen me on TikTok, Steve?
    0:28:38 It’s a very interesting time.
    0:28:43 But really taking that bet on me is what opened everything up because from there I was able
    0:28:47 to create nine more courses, started doing webinars and start bundling them together.
    0:28:51 And once I got that price point higher, that’s when we scaled into a seven figure company.
    0:28:52 Yeah, that’s awesome.
    0:28:56 And I’m sure it was easy to quit your cushy job considering you were already making more
    0:28:58 money in your side hustle.
    0:28:59 I was the same way.
    0:29:02 I was making way more money in my side hustle at one point than my corporate job.
    0:29:07 And I was like, okay, it’s definitely time to release these golden handcuffs.
    0:29:12 So something that you did that was really smart is that you went really niche.
    0:29:15 You dominated Excel training.
    0:29:17 There was a gap open on TikTok.
    0:29:19 Nobody was talking about it.
    0:29:21 You did it in a really fun, engaging way.
    0:29:28 And you basically dominated that Excel space, which is a niche of a niche, right?
    0:29:29 So it’s very, very niche.
    0:29:33 And I do want to point out to everybody listening because I teach a lot about entrepreneurship
    0:29:40 and social media is that it’s so much easier to dominate a small niche and then go broad.
    0:29:42 So a lot of people try to go broad.
    0:29:47 They might launch a general entrepreneurship show out of nowhere when it’s way better to
    0:29:53 just laser in on one aspect and dominate that and compete there and then broaden out.
    0:29:57 So do you ever think about how you’re going to broaden out your brand now that you’ve
    0:29:59 really dominated Excel?
    0:30:02 So we’ve done a little bit of it in the last year and a half.
    0:30:07 So I went from just Excel courses, and now we teach across the Microsoft Office Suite.
    0:30:09 So PowerPoint, Word, Outlook, OneNote.
    0:30:11 We also do Google Sheets.
    0:30:14 I also teach AI and kids courses.
    0:30:18 So that’s really where we started going out more inside of the course space.
    0:30:20 And then I’m always listening, right?
    0:30:21 I’m listening to our audience.
    0:30:22 I’m like, what do they want?
    0:30:23 What do they need?
    0:30:28 And then where does that line up with my talents and what I’m able to bring to the marketplace?
    0:30:32 But yeah, when we scaled out to the other Microsoft Office products, that’s where we
    0:30:34 went from six figures to seven figures.
    0:30:37 We needed that higher price point because it’s interesting.
    0:30:41 So Excel courses are actually one of the top selling courses.
    0:30:43 It is a really popular course topic.
    0:30:45 I didn’t know that, getting into it.
    0:30:49 And what we brought to the Excel space, too, is different from what I’ve been there before.
    0:30:52 Because a lot of people looked at it, and they’re like, oh, there were already a bunch
    0:30:54 of Excel YouTubers and bloggers.
    0:30:57 That was the space when I first came into it.
    0:31:01 No one was really doing short form content on Excel.
    0:31:04 So that’s where I came in with the differentiator, because a lot of people, too, look at even
    0:31:07 like niche industries, and they’re like, oh, there’s so many people in there.
    0:31:08 I can’t get in there.
    0:31:12 There’s been people that have been teaching Excel since before I was born, but I was like,
    0:31:16 I’m going to bring my own authentic spin to this and really make this topic fun because
    0:31:18 it doesn’t have to suck.
    0:31:22 A lot of people look at Excel, and they’re like, oh, and if you’re hanging out with me,
    0:31:24 you best not be having those feelings.
    0:31:27 I’m going to make sure you are having a good time.
    0:31:31 And you’re actually learning things that are going to save you hours in your week.
    0:31:33 And that is my big thing with it.
    0:31:36 Not only we’re going to make this functional, but we’re going to have a good time together
    0:31:39 because life is short, and we should all be having a good time.
    0:31:42 And I would never want someone to sit through a course that was really boring.
    0:31:47 And I can imagine in the future that you actually help people launch courses or explain how
    0:31:52 to go viral on TikTok because you learned a whole set of skills, putting your expertise
    0:31:56 out to the world, and you could probably help other people put their expertise out to the
    0:31:57 world as well.
    0:32:01 Yeah, that’s something I do think about a lot, potentially, for down the line.
    0:32:07 I feel like there’s something really big coming on the Miss Excel side, and so I’ve been putting
    0:32:11 my eggs in that basket, but I do think down the line, I’ve gotten pretty good at course
    0:32:14 creation and webinars and selling.
    0:32:17 So I do think that’s something I can help people with down the line.
    0:32:20 Yeah, and I definitely want to pick your brain on that.
    0:32:21 But first, let’s talk about spreadsheets.
    0:32:26 So I figured this is primarily an audio podcast.
    0:32:30 We’re not going to be able to get too nitty gritty in terms of spreadsheet tutorials.
    0:32:35 But of course, you can go to Miss Excel’s channels and learn all that stuff yourself.
    0:32:39 But I do want to just talk about the fact that spreadsheets sometimes get a bad rap.
    0:32:42 People are always talking about, “We got to get out of spreadsheets.
    0:32:45 We got to get out of spreadsheets and an air table out of spreadsheets, and then click
    0:32:49 up out of spreadsheets and in whatever tool is out there.”
    0:32:51 So what is your perspective?
    0:32:55 What is Excel good for and what is Excel not so good for?
    0:32:59 I think Excel is incredible for data analysis.
    0:33:04 When you want some answers and you want to know those answers are accurate, Excel is
    0:33:06 the way to go.
    0:33:09 And it’s also great for bringing data together.
    0:33:14 So much of business is really going in and analyzing the data, analyzing what’s happened,
    0:33:18 analyzing what you’re doing, moving forward, and even just simple tasks from an entrepreneurial
    0:33:23 perspective, cleaning your mailing list, analyzing your mailing list, doing the uploads, the
    0:33:27 CSV files, things like having those Excel schools really, really help.
    0:33:34 What I do see more of in the entrepreneurial space is moving into other platforms for more
    0:33:36 collaboration type efforts.
    0:33:39 So I’ve even seen that with Google Sheets too.
    0:33:46 A lot of people do that for more simple collaboration, but I would say the hardcore data analysis
    0:33:50 side, when you need to pull all that data out, pull out your customer data and start
    0:33:54 looking at what people are buying, what they’re doing, and really getting to those answers.
    0:33:56 That’s where Excel really stands strong.
    0:34:01 And when you say data entry, the first thing that comes to my mind is, “Oh, all this manual
    0:34:06 data entry,” but talk to us about the ways that we can use Excel to automate some common
    0:34:08 repetitive tasks.
    0:34:11 Exporting from systems, first of all.
    0:34:15 Exporting all that data and then functions that you can use, like the lookup functions.
    0:34:18 Those are great ones for combining those different data sets together.
    0:34:22 And then when it comes to the automation space, that’s where learning VBA and macros and ways
    0:34:27 to create basically little tiny programs like automations, that you can hit a button and
    0:34:31 it’ll do the same things you may need done to your spreadsheet each time.
    0:34:36 Are great ways to automate and save time too, but I really think a lot of it comes down
    0:34:40 to just knowing Excel’s kind of sneaky.
    0:34:43 Most people don’t understand the capabilities that it has.
    0:34:44 It is like a Ferrari.
    0:34:47 There’s so much you can do with it, and a lot of people treat it like, you know, it’s
    0:34:48 like a Camry.
    0:34:53 They’re like, “Oh, I’m just going to put the data in there and change the color to yellow.
    0:34:54 Cool.”
    0:34:56 But it is a machine.
    0:35:01 So I try to inspire people too to actually open up the HUD, take a look and see how much
    0:35:06 time you can be saving because so many people actually use it and waste time with it versus
    0:35:07 saving time with it.
    0:35:09 And that’s where I come in.
    0:35:12 Does Google Sheets and Excel have generally the same capabilities?
    0:35:13 Yeah.
    0:35:18 I would say they’re pretty similar, but Excel is definitely better for the data analysis
    0:35:19 side of things.
    0:35:23 I would say Google is a little bit stronger in the collaborative features, like if you
    0:35:26 all need to be working on the same spreadsheet at the same time.
    0:35:30 But if it’s something where you’re going in and you’re analyzing stuff and you’re pulling
    0:35:32 down different things, Excel’s where it’s at.
    0:35:38 We use Google Sheets specifically all the time at Yap Media, and I made a joke the other
    0:35:42 day to my business partner, “Man, we just made 50k from a row on a spreadsheet.”
    0:35:47 You know, like we make so much money off just using Google Sheets.
    0:35:52 It really is honestly what powers our business is using Sheets.
    0:35:53 So it’s so important.
    0:35:58 I would love my employees to take some of your trainings and level it up.
    0:36:04 Is there anything that we can do for our daily lives, little known hacks that we can use
    0:36:08 Excel for even for our own personal lives outside of business?
    0:36:14 I typically use it in my own personal life for different tracking type things and then
    0:36:16 also from the sense of templates.
    0:36:21 So if you ever need to do similar tasks time and time again or also with SOPs, I’m trying
    0:36:23 to think from more of the entrepreneurial perspective.
    0:36:27 If you have SOPs for people on your team, where, you know, if there’s certain data points
    0:36:31 or certain forms that you collect each time, for us, for example, every time we host our
    0:36:36 webinars, there are certain metrics we want every single time to be pulled.
    0:36:42 So having those places where you keep it consistent and you’re able to analyze it not only on
    0:36:44 a narrow level, but on the broad level.
    0:36:47 So you have monthly different sheets for different things you’re pulling in, but then
    0:36:50 you also tie it together on a dashboard.
    0:36:52 We have a dashboard course for that too.
    0:36:56 So we are always talking about able to have that bird’s eye view when it comes to your
    0:37:01 data and be able to zoom out and make those strategic business decisions because it really
    0:37:04 depends to where in your business you are.
    0:37:07 If you are a CEO, like you want to be looking at that bird’s eye view.
    0:37:10 If you’re a data analyst, you want to be getting into the nitty-gritty of the number.
    0:37:16 So it’s a matter of merging those two worlds so the data can actually be used to make those
    0:37:17 decisions.
    0:37:20 So like we talked about, this is an entrepreneurship podcast.
    0:37:25 A lot of people have their own courses and you’ve done a phenomenal job promoting, creating
    0:37:27 courses, selling your courses.
    0:37:30 So let’s walk through some of your strategy there.
    0:37:33 Can you talk to us about how you promote your courses today?
    0:37:38 What are the things that you’re doing to drive people to your platform to buy your courses?
    0:37:41 Our biggest revenue driver is webinars.
    0:37:48 So I host typically every month, every couple of months, live sessions where I for 45 minutes
    0:37:50 am teaching a full-blown Excel class.
    0:37:54 We’re either going into data cleaning, pivot tables, lookup functions.
    0:37:59 I have a little intro and then I go in and I teach a full-blown class because I want
    0:38:03 them to get a taste of what I can do and how I can actually break these concepts down.
    0:38:06 And on the other side of that, people are like, “Oh my gosh, what?
    0:38:08 I just learned all these things.”
    0:38:12 And then we give them an incredible deal to keep learning with us and a massive discount
    0:38:14 and gift with purchases.
    0:38:18 And I actually first learned this from, I was on Boss Babes webinar back in January
    0:38:19 of 2021.
    0:38:24 That’s how I found out about webinar jam, was through Natalie and Danielle.
    0:38:28 And really from there, we do the webinar and then we have a closed-down sequence that goes
    0:38:31 through and we also get a lot of sales on the back end.
    0:38:35 And another huge driver of our webinars has been our affiliate program.
    0:38:40 So we came up with an affiliate program where we do a 50/50 split, meaning if someone brings
    0:38:46 in a lead to us, whether we have Morning Brew, we work with some of the huge Excel creators
    0:38:50 where they get their own events, and then we have tons of people, if they’re smaller
    0:38:55 creators, going into our webinars where if you send us that lead and they make a sale,
    0:38:58 you get 50% of the revenue.
    0:39:04 So that’s something where we have creators making $10, $15,000 a month to up to like $70,000
    0:39:07 a month with us in commissions.
    0:39:11 So that’s something where I wanted to create something like, you know, an affiliate program
    0:39:15 with our courses, because there’s so many creators out there not making money and it
    0:39:16 really upsets me.
    0:39:18 They have huge followings and I’m like, what’s happening?
    0:39:22 Because I feel like that’s where I was and a lot of people don’t have topics that are
    0:39:26 as conducive to courses and they’re just doing more brand deals and stuff where I was like,
    0:39:30 okay, I want to make something where they can make good money out of this too.
    0:39:32 And they could quit their jobs too.
    0:39:36 Like a lot of these Excel creators have like 8 million followers and no products.
    0:39:38 So I was like, okay, let’s get in there.
    0:39:39 We already built it.
    0:39:40 We have a team of 17.
    0:39:42 We’re running the backend.
    0:39:45 Let’s create something where all they need to do is push a link and then everything’s
    0:39:47 taking care of for them on the backend.
    0:39:51 So that’s been a huge revenue generator for us too is bringing in all those affiliates.
    0:39:53 And it’s a huge revenue generator for them.
    0:39:54 So it’s been a win-win.
    0:39:57 Yeah, I love that strategy of affiliates.
    0:40:02 That’s one that I’ve never heard of before specifically driving people to your webinar
    0:40:05 and then if it converts, they get a portion of the sale.
    0:40:09 So I kind of want to like distill some of the things that you had mentioned.
    0:40:11 Webinars are really important to me.
    0:40:13 I use it to sell my LinkedIn courses.
    0:40:18 I’m actually putting out a webinar about using webinars to launch info products or sell
    0:40:21 info products sponsored by Teachable.
    0:40:25 And so I’d love to get some of your perspective about this topic specifically.
    0:40:31 So first of all, you mentioned that you retarget folks after the webinars over.
    0:40:35 You said after the webinars over, there’s also sales that are happening afterwards.
    0:40:39 So a lot of people don’t realize that when people are signing up to Zoom webinar, you
    0:40:40 get to collect email.
    0:40:45 So one of my favorite things about webinars and Zoom webinars is the fact that people
    0:40:50 have to give you their email and it really helps to accelerate and grow your email list.
    0:40:54 And then you can retarget those people on email afterwards, but talk to us about your
    0:40:58 retargeting strategy after the webinars over what happens.
    0:41:02 Our full process is on the front end, we’re getting the name, the email, and sometimes
    0:41:04 we have an optional for phone number.
    0:41:06 So we also have a text campaign that’s going out too.
    0:41:09 We use those more so on the show upside.
    0:41:13 So on the front end, you’re getting a five email drip for a show up sequence.
    0:41:15 You have extra tickets, invite other people.
    0:41:18 And then we also, right before the webinar, you get a little text.
    0:41:22 If you signed up with your number, like, hey, reminder, it’s on there.
    0:41:26 We also integrate with ad event to be able to give them little calendar links and they
    0:41:30 can hit a button and boom, the events on their Google calendar, their Outlook calendar and
    0:41:31 whatnot.
    0:41:36 From there, after the webinar, once we hang up, we have all the email sequences going
    0:41:37 out.
    0:41:39 So people get gifts for attending live.
    0:41:40 So we have those going out.
    0:41:43 We have people who get gifts with purchases from their purchases.
    0:41:49 And then we also have our traditional closed down sequence, which we do a six email sequence
    0:41:54 and it goes through and gives them, you know, the discount code again, the replay link.
    0:41:58 And then throughout those emails, we’re also just integrating different testimonials and
    0:42:01 things that’ll go and work through to the base with the sale.
    0:42:05 And then we have the last call on the bottom there too.
    0:42:06 Got it.
    0:42:09 Can you walk us through some examples of what you mean by gift for attending the first session?
    0:42:10 Yeah.
    0:42:13 So we have lots of presents when you come to our bed.
    0:42:14 I never heard that before.
    0:42:15 That’s why I’m like, tell me more.
    0:42:16 Yeah.
    0:42:17 So that helped with our show up.
    0:42:23 So we essentially advertise that anyone who attends in person, well, in person virtually,
    0:42:29 you know, our live event, you get a practice file that I worked through in the class or
    0:42:33 you get an extra little bonus for coming live because the conversion of the people who come
    0:42:37 live is obviously much higher than the people who watch the replay or the people who don’t
    0:42:38 watch at all.
    0:42:42 So our goal is to get you in the room, one, because you’re going to have the best experience
    0:42:45 and actually learn the materials and dedicate that time to you.
    0:42:50 And then two, it helps us from a marketing perspective and a business perspective.
    0:42:53 So we add in bonuses for attending live.
    0:42:55 And then we have tracking on that on the back end.
    0:42:57 So right when we hang up, we send them those.
    0:43:00 Give me an example, like a free download or something.
    0:43:01 Yeah.
    0:43:02 Yeah.
    0:43:04 So it’s really, it’s more so free downloads, I’d say, in the broader entrepreneurial space.
    0:43:06 For us, it’s an Excel workbook.
    0:43:11 So you get a workbook to do further practice of the lessons that you learned today, because
    0:43:15 I typically do not give out the spreadsheet that I’m working with, because it’s a huge
    0:43:20 file with macros and we gamify the Excel experience in order to make things really entertaining.
    0:43:24 We’ve built escape rooms inside our spreadsheet and there, you know, as we’re clicking and
    0:43:28 doing it together, different rooms are unlocking and so they’re very big files.
    0:43:33 So for our audience, we typically say, you’re not missing anything, sit back, relax, just
    0:43:34 watch what’s on the screen.
    0:43:38 But if you came here live, not to worry, we’ll get extra practice.
    0:43:40 And that’s something that gets a lot more people in the room.
    0:43:42 And then we also do big gift with purchases.
    0:43:47 So for people who purchase on the live, they get a gift with purchase.
    0:43:50 So that’s something we have tracked on the back end too.
    0:43:54 So when we hang up, our team sends out all the different presents into the inbox.
    0:43:56 I love these ideas.
    0:43:59 These are such good ideas that I’ve really never heard before.
    0:44:03 I’ve interviewed a lot of webinar experts like Jason Flatline and Russell Brunson.
    0:44:06 So it’s cool to get your unique perspective.
    0:44:10 So one of the things that I know that can scare people with webinars is providing too
    0:44:12 much education.
    0:44:16 If you teach them too much, oftentimes they feel overwhelmed and then they’re like, well,
    0:44:17 I learned so much.
    0:44:18 Why bother getting the course?
    0:44:20 I have so much to implement just with today.
    0:44:21 This is overwhelming.
    0:44:22 This is a lot of work.
    0:44:23 It can scare people away.
    0:44:28 So what is too much and too little education for your webinar?
    0:44:30 How do you think about that?
    0:44:36 I look at our course and in a free webinar, I’ll give away maybe 5% of that course.
    0:44:40 So if you take a look at it, our courses are roughly about 12 hours long.
    0:44:46 Excel has so many different topics that I typically go to a core three because we realized
    0:44:49 we did have a lot of people just always coming to our free classes because I was switching
    0:44:50 them up all the time.
    0:44:55 So now we keep it into three different topics where you don’t really get the other topic.
    0:44:59 So having that repetitive nature, if you are doing tons of webinars does help.
    0:45:03 We do have tons of our existing course members who joined our free webinars and it’s honestly,
    0:45:07 it is a really big blessing too because they’ll type in the chat, like, yeah, I love my courses
    0:45:08 so much.
    0:45:11 It definitely does help with sales too.
    0:45:16 But one, I try not to be afraid of doing that because there’s always just so much more you
    0:45:20 can teach and things in the courses, but niching down into one topic is what we do.
    0:45:24 I don’t just teach, here’s a little pivot tables, here’s a little lookup, here’s all
    0:45:28 the different things because then someone might look at the course outline and be like,
    0:45:31 I just learned all that, but they don’t realize you can go deeper.
    0:45:32 So I niche it down.
    0:45:37 So we just did, for example, data cleaning one, we have a lookup one coming up.
    0:45:39 That’s something we niche it down.
    0:45:43 So you’re saying you have three core topics that you rotate because people like to attend
    0:45:46 multiple webinars before they actually make their choice.
    0:45:47 That’s what I found.
    0:45:51 People might attend my webinars two, three times and then they make a purchase.
    0:45:56 Some people need more warming up, but they’re just not ready or they need to be sold more.
    0:46:01 What kind of psychology and words are you using during your webinar to try to draw people
    0:46:06 in, get them engaged, get them bought into wanting to take this course?
    0:46:10 I think for me, it might be a little different than what other people do, but I just go from
    0:46:16 a place of love because I feel like, especially in the Excel space, it can seem really cold
    0:46:17 and really sterile.
    0:46:19 That’s not me as a person.
    0:46:22 So I go in there and just blast them.
    0:46:25 I’m like, you are going to feel like your hand is being held because I know this experience
    0:46:28 of learning Excel can feel really overwhelming.
    0:46:33 And I’ll go through and just make sure that they understand once you’re in our ecosystem,
    0:46:36 once you are in the Miss Excel family, you are taken care of.
    0:46:40 And I make sure that everyone I hire is incredibly heart-centered and love-filled and just great
    0:46:42 human beings.
    0:46:46 So that way I know they’re being taken care of when they’re in our courses because that’s
    0:46:50 something that worries a lot of people is when you’re teaching a topic that feels really
    0:46:55 overwhelming, they might need that extra hand-holding to be able to feel comfortable.
    0:46:58 So I always try to bridge that gap because that’s something especially in my space that’s
    0:46:59 really missing.
    0:47:03 If you’re maybe like a love coach or something, that might not be something that’s missing.
    0:47:07 But for us in our space, I’ve found that that’s something really authentic to me and something
    0:47:08 that works really well.
    0:47:11 And then also I always speak to their pain points.
    0:47:16 So I know what’s going on in their minds and I know how our product is the solution to
    0:47:17 it.
    0:47:18 So I bridge that gap.
    0:47:19 A lot of people feel overwhelmed.
    0:47:22 They feel anxiety and things around it.
    0:47:26 And then our course members are saving hours in the week, getting promotions, getting raises,
    0:47:28 feeling confident at work.
    0:47:33 So making that messaging match up with what we’re delivering and what their pain points
    0:47:35 are is really big too.
    0:47:38 We’ll be right back after a quick break from our sponsors.
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    0:52:45 Walk us through how you would communicate pain points and flip it on its head.
    0:52:47 What would you say in the webinar?
    0:52:52 If you open up your spreadsheet and you feel really overwhelmed, do you feel like the person
    0:52:56 next to you knows so much more than you do and you might get passed up for the promotion
    0:53:02 or things in that realm is what I’ll focus on where it’s like the overwhelm, the anxiety,
    0:53:07 and then I explain, I have testimonials, we have 24,000 students and I show them our course
    0:53:10 members and what they’re actually doing and I have their words.
    0:53:15 I got the promotion, I got the raise, I showed my boss these tips and tricks and now they
    0:53:20 want to bring on the courses for our whole team and that’s really where I’ll bring up
    0:53:23 those points and then I’ll bring up these points and merge them together.
    0:53:28 We do it through different slides, so we have a slide presentation that goes with it.
    0:53:31 Do you talk about your own personal story in the webinar at all?
    0:53:35 Do you intro with your own story, how Excel changed your life?
    0:53:36 How do you intro everything?
    0:53:39 I think it was, I forget who talks about it, it’s like the hero’s journey.
    0:53:44 You essentially have, yeah, in the beginning, so I mean, I really do have a journey with
    0:53:45 the product.
    0:53:49 I talk about how my MBA program, our professor on the first day actually told me to drop
    0:53:55 the class and told me I shouldn’t be studying data because I didn’t have the prerequisite
    0:53:56 courses.
    0:54:00 That was the first moment where I was like, you know what, I’m going to put in 110% every
    0:54:04 day, I want to stay, I want to try my best, ends up the whole class is in Excel, whole
    0:54:08 major is in Excel, so really in efforts past this class, that is how I ended up falling
    0:54:10 in love with it.
    0:54:13 And then when I got into corporate, I talked about the first presentation I gave in our
    0:54:17 New York office where I thought like 10 people would come and it was the most packed training
    0:54:19 room I’ve ever seen.
    0:54:23 People carrying in chairs from the kitchen, they ran out of seats and I was like, why
    0:54:26 do so many people care about learning Excel?
    0:54:29 And that’s why I had my revelation about how being efficient Excel can help you X, Y,
    0:54:34 Z, you know, and then it flows into the whole value promise.
    0:54:35 I love that.
    0:54:37 And how do you keep people engaged in the webinar?
    0:54:41 What are you doing to get them to chat, to communicate and why is that so important throughout
    0:54:42 the webinar?
    0:54:44 They’re always chatting in the chat.
    0:54:48 So we typically had two to 3000 people on each live event.
    0:54:52 So the chat is constantly like the second I get on, I’m asking them where they’re from,
    0:54:53 you know, it’s going so fast.
    0:54:56 I like read as many as I can, but it’s too much.
    0:55:02 And then as we go through the training, I don’t actually look in the chat until after
    0:55:08 I’m done teaching the Excel part, because I am full screen Excel on the screen and I’m
    0:55:10 in a flow state in my teaching zone.
    0:55:14 And sometimes there’s some people being negative Nancy’s in the chat or like little things
    0:55:18 where I don’t want that to ever throw off my energy and giving them that attention.
    0:55:20 So I will go through the Excel class.
    0:55:25 We do have my boyfriend Mike, he’s my CFO, he’s also my bouncer in the chats.
    0:55:27 So things get weird.
    0:55:32 We got Mike in there and my team is in there too as a backup for me, but we just keep me
    0:55:36 in my high vibe bubble so I can make sure I’m performing at top capacity.
    0:55:41 And then once we get to the pitch, that’s where I can then visually see the chat and
    0:55:42 our slides.
    0:55:48 And we just added things actually in our last set that were pretty cool, where I intentionally
    0:55:51 ask them if I can pitch, which is something we’ve never done before where it’s like, guys,
    0:55:53 if something really excited, can I show you?
    0:55:57 And then we also ask them, can you let me know in the chat how you like the session?
    0:56:01 Those are two things we actually just added, and it’s awesome for testimonials because
    0:56:04 a lot of times people are putting it in there, but it’s more scattered.
    0:56:09 Now I have thousands of people moving really quickly of all the different feedback.
    0:56:13 So those two we integrated, and then I stay on an extra 30 minutes and I will answer any
    0:56:16 questions they have literally as long as they need.
    0:56:20 And something too with the chat that actually works really well, it kind of turns into almost
    0:56:24 like auction vibes at the end, because all of people will be like, Nancy, be like, wait,
    0:56:26 I’m getting my credit card.
    0:56:27 Don’t shut it down.
    0:56:28 I want the gift with purchase.
    0:56:29 I’m like, okay, we got Nancy in the chat.
    0:56:30 Anybody else?
    0:56:31 Let me know your name.
    0:56:32 I will keep it open for you.
    0:56:36 And they’re like, wait, me, and then more people start going through.
    0:56:40 So I usually stay on an extra 20 minutes where people are just like, but wait, I want it
    0:56:41 too.
    0:56:46 And that, you know, drags on longer, but we’re having fun, we’re having fun out there.
    0:56:47 That’s amazing.
    0:56:49 I love that you pointed out a couple of really cool things.
    0:56:54 So asking for permission for you to sell, you’re probably saying like, hey, if I accomplish
    0:56:58 XYZ, do I have permission to tell you about this new thing?
    0:57:01 And then people are like more open to buy.
    0:57:05 And the other thing that I love to do on webinars is get people to say yes, yes, I want them
    0:57:07 to say yes throughout the whole webinar.
    0:57:11 So at the end, when you’re selling, they feel like they’re in the mode of saying yes.
    0:57:12 Right.
    0:57:14 And I feel like that’s a strategy too.
    0:57:19 So let’s talk about how you actually bring people to the webinar.
    0:57:21 What’s your best strategies to invite people to the webinar?
    0:57:25 You talked about affiliates, but what are you doing personally to get them to the webinar?
    0:57:29 We do the majority of it through our organic channels and our mailing list.
    0:57:30 So mailing list is number one.
    0:57:31 Mailing list is the goal.
    0:57:34 We do a five email drip to the mailing list.
    0:57:36 We also have a newsletter that goes out every week.
    0:57:39 So we have it like inside of our newsletter as well.
    0:57:41 And then we also do a little bit of paid ads.
    0:57:45 That’s something we’ve been ramping up over time, but we do have paid ads.
    0:57:50 And then the affiliate programs, the other really big one and social content.
    0:57:52 And I do like stories.
    0:57:53 It’s so interesting.
    0:57:55 My audience likes very specific stories.
    0:58:00 It has to be like me far away doing something and a bunch of words on the screen.
    0:58:03 And those will blast through the algorithm.
    0:58:06 And then anything else just doesn’t, but I’m able to slip in the promotions on the bottom
    0:58:07 of those posts.
    0:58:10 So I let them in of like behind the scenes of what I’m actually like doing in my life
    0:58:13 because I’m probably like the worst influencer.
    0:58:18 I never post what I’m doing online, most people do not know where, what country I’m in, what
    0:58:19 I’m doing.
    0:58:24 I keep a very DL, but during webinar promotion, I open up the door and I’m just like, Hey,
    0:58:28 we’re working on this behind the scenes and like kind of let them into that stuff.
    0:58:33 And what’s the best way that you found to actually get people to go from TikTok or Instagram
    0:58:36 to your actual website to purchase your course?
    0:58:38 Is it a link in bio?
    0:58:39 Is it many chat automations?
    0:58:40 What are you doing?
    0:58:41 We do it all.
    0:58:44 So we usually do many chat into the webinar.
    0:58:47 So we have like a funnel, they comment, level up, they get the link to the webinar.
    0:58:49 And then I sell them on the webinar.
    0:58:53 We don’t do as much direct to course sales unless it’s the Black Friday sale or something
    0:58:54 like that.
    0:58:57 And then we also always have the link in bio for that too.
    0:58:59 So I would say those are the main ones.
    0:59:03 Sometimes we’ll repost a viral piece of content with the call to action on it and that’ll
    0:59:05 make it through the algorithm pretty far too.
    0:59:06 Cool.
    0:59:11 So your main strategy is social posts to webinar, email to webinar, and then everybody gets
    0:59:13 converted on one big webinar.
    0:59:14 Yeah.
    0:59:15 I love it.
    0:59:18 So what other revenue streams do you have outside of your courses?
    0:59:22 In addition to the courses, we also have the B2B side of the business.
    0:59:25 So that’s what my partner, Mike, he’s our CFO.
    0:59:29 He runs that and we have a sales team now that goes out and sells the companies.
    0:59:34 So we work with over 300 organizations now from like Kraft Heinz, Enterprise Rent-A-Car.
    0:59:39 We work with all different schools, organizations, and we do a couple of different things there.
    0:59:43 For some of them, they do bulk course purchases.
    0:59:46 So we’ll either integrate with their learning management system or if they just want like
    0:59:51 a small group, like five to 10, we give them discounts and we put them in the courses there.
    0:59:55 And then we also do live custom one hour sessions.
    1:00:00 So those are either with me or the demand for me got so high that I hired another trainer.
    1:00:05 So we have a sort of a miss excel trainer who I trained up and she’s incredible.
    1:00:09 And so a lot of times too, we’ll book her out on jobs depending on what the client wants.
    1:00:14 And then we’re also working on something this quarter where it’s essentially going to be
    1:00:18 a simulive experience because I realized, for example, I do trainings for one of the
    1:00:23 big four accounting firms and they like pre-produced events.
    1:00:25 It’d be like 17,000 people on it once.
    1:00:26 They don’t want me on a live.
    1:00:28 They want to pre-produce it.
    1:00:33 They got the videographers, everybody’s on camera and or on the Zoom meeting while I’m
    1:00:34 recording it.
    1:00:35 And that’s where I had a brain blast.
    1:00:40 I was like, whoa, like they want to have the ability to have this video pre-recorded.
    1:00:41 We know it’s perfect.
    1:00:42 We know everything’s lined up.
    1:00:45 And then they’re the ones who hit the go button.
    1:00:50 So we’re working on our end to create a really cool experience that I honestly don’t think
    1:00:54 the corporate space has seen before, where we’re integrating some things that we do in
    1:00:55 our courses.
    1:01:00 So for example, our courses, I refilmed my entire Excel one recently, where we leverage
    1:01:03 AI to make them so cool and engaging.
    1:01:05 I build worlds inside of Excel.
    1:01:09 For example, with the Miss Excel Zoo, it is a zoo built inside of a spreadsheet where
    1:01:11 I’m full blown dressed as a zookeeper.
    1:01:15 With AI, I’m inside the zoo in my spreadsheet and we’re working on the animal data.
    1:01:18 We have a kitchen one where we run a restaurant.
    1:01:19 I’m in a chef outfit.
    1:01:23 I’m literally recording it in my room here on a blank background, but I’m inside of
    1:01:25 this kitchen world and we have that data.
    1:01:30 So I’m now able to, if it’s pre-recorded, to be able to integrate those aspects to create
    1:01:33 really cool simulated live experiences.
    1:01:38 And then we’re someone on our team is running the Q&A live on the chat, but then I don’t
    1:01:39 have to physically be there.
    1:01:43 And then we could really scale this up because the demand for me has been really high.
    1:01:47 So that’s something where we’re looking to alleviate some of my time, but then also just
    1:01:49 make the corporate experience so much cooler.
    1:01:51 Yeah, it sounds so fun.
    1:01:53 You are so freaking creative.
    1:01:59 You really are a true creative mind and you make what other people probably think is boring
    1:02:00 so fun.
    1:02:03 And I feel like that’s really one of your secret sauces.
    1:02:10 In terms of how you bundle your packages and sell your courses, the price points, do you
    1:02:11 have any thoughts?
    1:02:13 You’ve been doing this for a while now.
    1:02:16 How do you feel like people should sell their courses most effectively in terms of how they
    1:02:18 bundle and price it?
    1:02:26 For us, we did not pass the six figure mark until we got to the around $1,000 price mark
    1:02:29 with creating more courses and then bundling them together.
    1:02:35 For us, what works really well is I give them the most no-brainer deal where you are getting
    1:02:38 nine courses for the price of one and a half.
    1:02:41 So when you’re on a live webinar or when you’re getting that discount code plus gift with
    1:02:47 purchases and things like that, I make it the most no-brainer situation for them.
    1:02:51 And that has helped a lot with driving up our sales and getting to those higher price
    1:02:57 points because our Excel courses start around $297 for a regular Excel course and then we
    1:03:02 go up to a little over $1,000 to get our complete Microsoft Office suite, where you get lifetime
    1:03:07 access to all the training, video supplies, all the things, and they’re continually updated.
    1:03:12 So I kind of equate what our product is, is the Netflix of Microsoft Office.
    1:03:16 And that’s how I get a lot of people to draw the connection because they’re like, “Wait,
    1:03:18 I can watch whenever I want anywhere anytime.”
    1:03:22 I’m like, “Yes, you have access to all of that in your back pocket.
    1:03:23 Everything’s clearly labeled.
    1:03:27 It’s like having me back there like, “Oh, what did Kat say about a VLOOKUP?
    1:03:30 There she is, five to 10 minutes less than boom.”
    1:03:32 So that’s something that’s really helped us, too.
    1:03:34 I love all your tips that you shared.
    1:03:39 I’m sure a lot of entrepreneurs that are tuning in are like, “How can I sell my expertise
    1:03:41 like Kat?”
    1:03:46 And some of them might be thinking, “Am I really a good enough expert to sell my expertise?
    1:03:47 Like, am I ready?
    1:03:52 What would you say qualifies somebody to be ready to do something like you did and start
    1:03:54 selling their expertise?”
    1:03:56 You’re ready before you think you’re ready.
    1:03:57 That’s the biggest thing.
    1:04:03 A lot of times people will stand in their own way and you know more than you think you know.
    1:04:07 And especially if you are a teacher and you’re teaching something, you’re a really quick learner.
    1:04:11 So if you feel like there are any gaps, I would say fill in the gaps with what you need to
    1:04:13 do to get yourself to that level.
    1:04:17 But a lot of the time you know already what you need to know, and it’s a matter of breaking
    1:04:22 any subconscious patterns that are keeping you in that place where that’s telling you
    1:04:23 that you’re not the expert.
    1:04:26 Because it’s very easy to get intimidated by other people, especially if they have a
    1:04:32 big audience, great website, they must be so official, like dig into those people.
    1:04:37 I do a whole thing too, where instead of viewing, I don’t view anybody as competition, I view
    1:04:41 them as expanders, where I can look at them and I’ll find a way that I can relate to that
    1:04:45 person and be like, “Oh, like they did this for four years.
    1:04:46 I did this for four years.”
    1:04:51 Like little things where then you can create that connection to them, be like if they could
    1:04:52 do it, I can do it too.
    1:04:57 So using anyone that’s intimidating you as a way to expand your own subconscious, use
    1:05:00 it as a tool to further your own development.
    1:05:05 And then also just having that confidence in yourself, because there are so many people
    1:05:08 that will go out there and just pitch their stuff.
    1:05:11 I’ve seen this time and time again, they don’t even have experience in the thing.
    1:05:14 Like some people are just really good at sales.
    1:05:18 If there’s people out there doing that, trust me, if you’re to the point where you can make
    1:05:21 a course on something, you know your stuff.
    1:05:23 I know that authenticity is really important.
    1:05:29 And I think why people are drawn to you is because you really do have a super deep expertise
    1:05:32 in Excel and you really can teach a lot of different things.
    1:05:37 So what advice do you have to other folks who want to become better experts?
    1:05:41 What should they do to become a top expert in their field?
    1:05:46 So I think it depends on what the field is, but I’m always a big fan of continued education,
    1:05:47 obviously courses.
    1:05:51 I’m in the course of business, so I love taking courses and learning things.
    1:05:55 And then also, similar to what I said with expansion, finding people out there who are
    1:05:58 doing what you want to do.
    1:05:59 And that’s something to work.
    1:06:01 It’s like the four-minute mile thing.
    1:06:04 Like when people saw other people could do it, they could do it.
    1:06:05 Same thing here.
    1:06:09 If you feel like you can’t get to that next level, there’s something in your way.
    1:06:13 Like finding people who are there in order to expand your own mind.
    1:06:17 And then take a look at what they’re doing and start living and making decisions from
    1:06:18 that place.
    1:06:20 That’s something that’s been really big for me, too.
    1:06:25 We hired a lot of people in the last eight-ish months.
    1:06:28 We added like 10 more people to our team.
    1:06:31 And I had this moment, I was listening to, it was a podcast episode, actually, with my
    1:06:35 business coach, James Wedmore and Natalie Ellis.
    1:06:40 And I was listening to that and they were talking about how they figured out when they
    1:06:45 were spending too much time on certain tasks that needed to be outsourced.
    1:06:49 For me, it was just like listening to a podcast episode, I was like, boom, wait, that’s me
    1:06:50 right now.
    1:06:51 I need to hire people.
    1:06:52 I’m the one holding myself in place.
    1:06:54 I’m the one, the bottleneck here.
    1:06:57 From there, it just became super clear of what to do.
    1:06:59 And then it’s following your intuition.
    1:07:06 What I found for myself is that when I actually teach other people, it reinforces it in my
    1:07:07 brain.
    1:07:12 And even if I’m teaching something that is kind of new, if I teach it two, three times,
    1:07:14 suddenly it’s like, I know it like the back of my hands.
    1:07:19 I’m the expert on this specific topic, even if I learned it two weeks ago and I just taught
    1:07:20 it a bunch of times recently, right?
    1:07:25 So I feel like don’t be afraid to just learn something and teach it right away.
    1:07:30 And you’ll actually get it reinforced and it will become part of your nomenclature like
    1:07:32 just automatically if you do that.
    1:07:33 Okay.
    1:07:39 So last question for you, I found out that you only work three to four hours a day, which
    1:07:40 is incredible.
    1:07:43 I don’t know if this is true or not, but this is what I read in my research.
    1:07:48 You work just a few hours a day, walk us through what your typical day looks like and why you’ve
    1:07:51 decided that you’re going to have this four hour workday.
    1:07:56 It’s even less now because I’ve outsourced pretty much like 90% of the stuff I had to
    1:07:57 do.
    1:08:01 I can work when I feel creative and when I want to do something.
    1:08:04 And that was something when designing this business, I was not going to put myself back
    1:08:07 in the same spot where I was working 50, 60 hours a week.
    1:08:11 I did a little hustle in the beginning, got this thing off the ground, but I was like,
    1:08:16 I’m not going to build something that’s entrapping me and I want to enjoy the journey.
    1:08:20 I want to live my life as I’m growing this because Ms. Excel is a direct reflection of
    1:08:21 my own energy.
    1:08:26 So if I’m feeling contracted, if I’m feeling like I’m being forced to do something, it’s
    1:08:28 not good energy for the business.
    1:08:33 So really, it was a game of just hiring out certain things that I was doing where they
    1:08:38 could do it so much faster than me too, things that their experts in and having the team
    1:08:40 to back it up helped a lot.
    1:08:44 But typically, our day-to-day looks totally different depending on what we’re doing.
    1:08:48 We spent the summer living in Europe and just traveling and maybe we got on a team meeting
    1:08:51 once a week, but the business is a well-oiled machine now.
    1:08:53 We have systems in place.
    1:08:55 We have an incredible team.
    1:08:58 Being running smoothly, it doesn’t require much from me.
    1:09:03 Where I come into play is more of strategy, visionary, partnerships.
    1:09:05 Where are we taking this train?
    1:09:07 And that’s something I take really seriously.
    1:09:12 So even if it looks like on the outside, I’m not traditionally working sitting at a desk.
    1:09:17 When I’m off-roading through the desert, riding on their quad, that puts me in a creative
    1:09:21 flow state because my body is relaxed and I’ll start getting tons of ideas and then
    1:09:22 I write them down.
    1:09:27 I learn the way to work my body and to work my nervous system to be able to make myself
    1:09:32 into a place where I can get the creative downloads because in the end, I am the one
    1:09:36 making the decisions and being the visionary and it’s really important that I need to work
    1:09:37 my intuition.
    1:09:41 So typically, our day-to-day, I’ve been really into the biohacking space, so I’m getting
    1:09:44 all crazy with optimizing my body and my health.
    1:09:49 So I’m waking up, going out on the balcony, looking at the sunrise, helping with my circadian
    1:09:54 rhythm, eating clean food and I just say yes to things that feel like a hell yes, like
    1:09:57 this podcast talking to you and like, “Hell, yes.”
    1:10:01 So things like that, things that light me up are the things I’m going to do.
    1:10:05 And then sometimes webinar weeks, for example, I’m hustling during a webinar week.
    1:10:12 I’m running six or seven 90-minute events where during those, it takes a ton of my energy.
    1:10:16 If I was sitting there then doing all the emails myself and doing everything, that would
    1:10:19 be really hard for me to spin it back around and do it again.
    1:10:23 So that’s where I’m like, “Okay, I need to outsource that so I can hang up the webinar.”
    1:10:28 And I have another one in an hour, I’m like laying on my PEMF mat with negative ions wrapped
    1:10:29 in a crystal blanket.
    1:10:31 Doing some meditation.
    1:10:34 I got to do things to bring my nervous system back.
    1:10:35 Yeah.
    1:10:38 I love my PEMF mat, a higher dose.
    1:10:39 Higher dose?
    1:10:40 I love that.
    1:10:43 Yes, it’s the best every day.
    1:10:44 Okay.
    1:10:48 So one thing that I found out is that you’re actually editing your own videos still.
    1:10:52 Is that true because you were talking about outsourcing, but are you still editing your
    1:10:53 own videos?
    1:10:54 No.
    1:10:55 Not anymore.
    1:10:56 Okay.
    1:11:00 No, we have a couple editors on deck now, one that does social, one that does courses.
    1:11:02 We built like a full course studio in the house now.
    1:11:03 So we have like a TikTok studio.
    1:11:05 I got rid of all my guest rooms.
    1:11:06 Amazing.
    1:11:07 Yeah.
    1:11:08 And like I built studios and offices.
    1:11:10 So I’m like, “I want to utilize every room of this house.”
    1:11:14 We bought our dream house in Sedona and I was like, “I want to just make sure we’re fully
    1:11:16 utilizing this space.”
    1:11:21 So we have course studio, we got TikTok studio, and then office down below now.
    1:11:22 Amazing.
    1:11:24 Well, congratulations on all your success.
    1:11:27 I end my show with two questions that I ask all of my guests.
    1:11:32 The first one is, what is one actionable thing our young and profitors can do today to become
    1:11:34 more profitable tomorrow?
    1:11:37 Taking messy action is what needs to be done.
    1:11:41 So it’s one of those things where I would not have a business right now.
    1:11:46 If I did not step past any perfectionist tendencies like in waiting for the right time and all
    1:11:48 the things, all I did was take messy action.
    1:11:51 That is all I continue to do.
    1:11:53 Don’t be scared to fall flat on your face.
    1:11:54 Most people are not even watching.
    1:11:55 You pick yourself back up.
    1:11:56 You’re good.
    1:11:57 I love that advice.
    1:12:01 And what would you say is your secret to profiting in life?
    1:12:07 I would say the biggest secret is continually working on myself because I will only call
    1:12:13 in the amount of abundance and the amount of opportunity that my nervous system can hold.
    1:12:18 So I can actually tell in my body when I’m reaching that threshold, my eyes will start
    1:12:19 twitching.
    1:12:20 I’ll start having little bits of anxiety.
    1:12:25 I can tell I’m reaching that limit where the amount I’m taking on, the amount of opportunities,
    1:12:27 and I won’t receive any more than that.
    1:12:31 My whole business pretty much has been inbound leads.
    1:12:35 So all our corporate clients, all opportunities, all the things, the partnerships, they come
    1:12:36 inbound.
    1:12:39 So if my energy is repelling that, I’m like, “Ah, too much.”
    1:12:41 They won’t come through.
    1:12:46 So my job as an entrepreneur and CEO of the company is to keep working on me so that I
    1:12:50 can grow the biggest business I can and the most profitable and most impactful business
    1:12:54 I can because I can hold that opportunity.
    1:12:57 So that’s something I’m always just working on myself.
    1:13:02 Well, I’ve just thought of a new course idea, manifestation for entrepreneurs, you really
    1:13:03 got it down.
    1:13:04 Yeah.
    1:13:05 So I love that, Kat.
    1:13:07 It was such an awesome conversation that we had today.
    1:13:09 I feel like it was really actionable.
    1:13:10 I feel like your story is so inspiring.
    1:13:12 Thank you so much for spending time with us today.
    1:13:14 Thank you for having me.
    1:13:15 This was awesome.
    1:13:16 Yeah, it was super fun.
    1:13:22 Thank you so much for having me.
    1:13:26 Thank you so much for having me.
    1:13:27 Thank you.
    1:13:28 Thank you.
    1:13:29 Thank you.
    1:13:30 Thank you.
    1:13:31 Thank you.

    When the COVID-19 pandemic hit, Kat Norton discovered TikTok and found it odd that there was no Excel content on the platform. She decided to start posting dance-infused tutorials, and her videos went viral. She then launched multiple Excel courses that quickly generated more income than her corporate salary. This allowed her to leave her job and turn Miss Excel into a multimillion-dollar business. In today’s episode, Kat shares how she transformed her love for dancing and spreadsheets into a viral sensation and a lucrative business. She also breaks down her strategies to go viral, monetize her passion, and build a sustainable business.

    In this episode, Hala and Kat will discuss: 

    (00:00) Introduction to Kat Norton, Miss Excel

    (02:07) Kat’s Early Career and Corporate Journey

    (03:41) The Birth of Miss Excel During the Pandemic

    (05:19) Going Viral on TikTok and Instagram

    (06:33) Mindset and Inner Work for Success

    (08:52) Authenticity and Polarity in Social Media

    (20:53) Monetizing Miss Excel and Course Creation

    (29:54) Excel vs. Google Sheets: Strengths and Uses

    (32:15) Promoting Courses Through Webinars

    (33:15) Affiliate Program Success

    (35:10) Webinar Retargeting Strategies

    (36:50) Engaging Webinar Techniques

    (39:14) Effective Course Selling

    (47:06) Driving Webinar Attendance

    (49:02) Expanding Revenue Streams

    (57:23) Balancing Work and Creativity

    Kat Norton is the founder and CEO of Miss Excel, the viral brand that transformed Excel tutorials into engaging, must-watch content for over a million followers. Since launching in 2020, Kat’s courses have empowered thousands while rapidly scaling her business to multimillion-dollar success. She has been recognized by Forbes as a Top Social Media Influencer of 2021 and featured in top media outlets, including Forbes, CNBC, and Bloomberg. Today, her business generates over $2 million annually, enabling her to work just a few hours daily while traveling the world.

    Connect with Kat:

    Kat’s Website: https://www.miss-excel.com/ 

    Kat’s LinkedIn: https://www.linkedin.com/in/kat-norton-7187aa58/ 

    Kat’s Instagram: https://www.instagram.com/miss.excel/ 

    Kat’s TikTok: https://www.tiktok.com/@miss.excel 

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    Resources Mentioned:

    Breaking The Habit of Being Yourself: How to Lose Your Mind and Create a New One by Dr. Joe Dispenza: https://www.amazon.com/Breaking-Habit-Being-Yourself-Create/dp/1401938094 

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  • YAPClassic: Ken Okazaki, How to Create High-Converting Videos with Just Your Phone

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:10 As always, you can find all of our incredible deals in the show notes.
    0:01:21 Oh man, young and profitors.
    0:01:25 If you’re trying to figure out how to market yourself through online video, you’re going
    0:01:28 to want to tune into this YAP classic.
    0:01:32 Today we’re taking it back to episode 230 from June 2023 and it’s an interview that
    0:01:36 I did with marketing megastar Ken Okazaki.
    0:01:40 It’s an absolute masterclass in how to post high-performing video content.
    0:01:44 Ken is kind of the guy behind all the guys.
    0:01:50 Like he is the mastermind behind so many popular influencers that you know and love.
    0:01:53 Ken has been producing videos since he was a teenager.
    0:01:57 And now he’s the head of Oz Media Global, where he helps his clients generate millions
    0:02:00 of dollars from video marketing.
    0:02:04 In this episode, Ken shares how to optimize video content to gain more views, leads and
    0:02:05 sales.
    0:02:11 He breaks down his seven-figure video funnel framework and also his famous toilet strategy.
    0:02:14 And I shit you not, you’re going to want to stay tuned for that one.
    0:02:18 So let’s stop procrastinating when it comes to online videos.
    0:02:26 Take that plunge right now and start your education with the one and only Ken Okazaki.
    0:02:28 So Ken, thank you so much for being here.
    0:02:31 I definitely want to jump right into your story.
    0:02:35 Through my research, I discovered that when you were 17, you left your home in Japan and
    0:02:38 traveled to several different countries.
    0:02:42 So tell us about that journey and how you first got interested into video marketing and
    0:02:44 what led you to your career today.
    0:02:46 Wow, you did do your research.
    0:02:51 So 17 years old, this actually started when I was eight years old.
    0:02:55 And I’m going to compress this as much as I possibly can to honor everybody’s time.
    0:02:59 But there was a time I was sitting in the back of the classroom and I realized the teacher
    0:03:02 was teaching the same thing that was being taught a week ago.
    0:03:03 And I went to my dad.
    0:03:05 I said, dad, why do they keep teaching the same stuff?
    0:03:07 And he says, well, maybe someone in the class didn’t get it.
    0:03:10 And at that moment, I realized that they’re teaching everything to the pace of the slowest
    0:03:11 person.
    0:03:13 And I started feeling claustrophobic.
    0:03:15 I started feeling stressed about it.
    0:03:17 And I said, how much more of this is there?
    0:03:20 And he explained, you’re in elementary school, you know, then there’s junior high.
    0:03:21 And I was like, then I’m done.
    0:03:22 Right.
    0:03:23 And he goes, well, then there’s high school.
    0:03:24 I said, and then I’m done.
    0:03:25 Right.
    0:03:26 And he goes, well, you know, then there’s college.
    0:03:29 And at that point, I was like, there’s got to be another way.
    0:03:34 So long story short, he got me enrolled in American curriculum in Japan.
    0:03:35 I’m Japanese.
    0:03:36 I live in Japan.
    0:03:39 I’ve never lived in the States, even though I sound kind of American.
    0:03:42 It’s because I got enrolled in an American school.
    0:03:46 So this allowed me, because it was a correspondence course to go at my own pace.
    0:03:49 So by 17, I’d finished everything.
    0:03:51 And I told my parents, I want to leave home.
    0:03:55 And I literally did that thing where you take a globe and you spin it, you close your eyes
    0:03:58 and you pop your finger down it, ended up in India.
    0:04:01 I told my parents, I’m leaving home, I’m going to India.
    0:04:03 And I did that.
    0:04:07 And it was 11 years of, you know, after leaving home going to India that I traveled to multiple
    0:04:12 countries, got married, had kids 11 years before I came back home to Japan.
    0:04:13 Wow.
    0:04:16 So that’s how we got started, the backstory.
    0:04:17 That’s amazing.
    0:04:20 And then what first got you intrigued with video marketing?
    0:04:22 How did you first start dabbling in video marketing?
    0:04:24 Yeah, really good.
    0:04:26 After India, I was trying to figure out, hey, what’s next?
    0:04:32 And I had a friend who was commissioned to create a documentary series in Uganda.
    0:04:34 And he asked me, hey, I need some help.
    0:04:35 You know how to like operate a camera and stuff, right?
    0:04:37 And I was like, sure.
    0:04:41 And I thought Uganda sounds like the next great stop for me.
    0:04:46 So I went and borrowed a camera and just started playing with it, figuring out the settings.
    0:04:50 And this is 1999 actually, so that shows you how old I am.
    0:04:54 So I just figured it out because I wanted to get on this guy’s team and make documentaries
    0:04:55 in Uganda.
    0:04:58 So from there, I just always had a camera in my hand.
    0:05:00 It was just second nature to me.
    0:05:02 We got to fly Air Force One with the president.
    0:05:03 We got to go silverback gorillas.
    0:05:09 I went into war zones with the Congo at the time when there was a civil war going on.
    0:05:14 So that was a lot of excitement and adrenaline kind of stuff I was looking for at that time.
    0:05:15 That’s how it all started.
    0:05:16 I love that.
    0:05:20 And so also from our research, we found out that you used to put on really big events
    0:05:23 with your dad for people like Tony Robbins.
    0:05:26 And you actually completed Tony Robbins’ platinum partnership.
    0:05:28 Tony hopefully is coming on the show soon.
    0:05:31 He asked to come on my show, but we still haven’t booked it yet.
    0:05:32 Excellent.
    0:05:37 And I’d love to understand, did you learn anything from Tony Robbins or did he inspire
    0:05:38 you in any way?
    0:05:39 Let me just get this straight.
    0:05:42 So Tony Robbins is asking you to come on this show, yet here I am beforehand.
    0:05:45 So that’s a pretty big deal, right?
    0:05:48 Tony Robbins asked to come on my show.
    0:05:49 Amazing.
    0:05:53 And then we’ve been trying to book it, and it hasn’t happened, but I’m like, hey, he
    0:05:54 wants to come on.
    0:05:55 We’re just…
    0:05:56 He’s got a busy schedule.
    0:05:57 Yeah.
    0:06:00 But I’ve seen the caliber of guests that come on your show, so I’m not at all surprised
    0:06:05 if in just a few short months you’ll have a U.S. president on here.
    0:06:06 Aw, thanks, Ken.
    0:06:08 That’s where I think this is going.
    0:06:11 But about the events, I used to do large-scale events in Japan.
    0:06:13 Tony Robbins is one of the speakers we hired at one point.
    0:06:18 I did work with other partners, but people like Jordan Belfer, Les Brown, Nick Vujicic,
    0:06:24 Robert Kiyosaki, these are the kind of people that if you hire them and you get them to be
    0:06:29 the main draw of your event, you can put two to 8,000 people in a stadium.
    0:06:32 And that’s what we do every other month, and that was the business we did.
    0:06:34 And we did it primarily with video marketing.
    0:06:40 So that’s why I got really confident what I do is I had the experience of putting butts
    0:06:45 in seats by telling a compelling story with video on social media.
    0:06:46 I love that.
    0:06:48 So let’s get into the meat and potatoes of this interview.
    0:06:52 We have the Video Marketing Guy, guys, on this podcast.
    0:06:58 We all know how important video is, but to really give us some foundational knowledge
    0:07:02 in terms of why video helps us convert more sales.
    0:07:06 Why is video the best marketing tactic to actually convert leads?
    0:07:09 Yeah, I’ll answer that a little slightly differently.
    0:07:13 I don’t know if it is the best for everybody in every situation.
    0:07:18 I’ve seen situations where people are running ad campaigns and they split test a video against
    0:07:19 an image.
    0:07:21 They split it against just text.
    0:07:23 And I’ve seen it not perform the best.
    0:07:27 So I’m not the guy who’s going to be shouting off the rooftop saying, “Everybody needs to
    0:07:28 do video all the time.”
    0:07:32 I think video is a great tool among a whole arsenal.
    0:07:34 You need paid ads, right?
    0:07:35 Sometimes it’s text.
    0:07:38 Sometimes there’s a book people will be more attracted to than a video.
    0:07:43 So I think video is great to have in your arsenal, but don’t make it the sole focus
    0:07:46 and shut your eyes off to all the other great things that are out there.
    0:07:52 Blogging is still, by the way, extremely effective for getting SEO and ranking on Google.
    0:07:56 So now that I’ve made that disclaimer, I think the great thing about video, there’s this
    0:07:58 thing about being human.
    0:08:03 I think AI is getting pretty close to catching up, but when you can look someone in the eye
    0:08:07 and you see the whites of their eye and you feel the passion they have in their voice,
    0:08:13 that is something that a trained copywriter may be able to attain after a lot of experience.
    0:08:17 But anybody who’s passionate about what they do personally on the other side can feel it.
    0:08:22 And that’s why there’s this shortened gap of time from when someone starts making video
    0:08:27 to when they can start effectively communicating not just the words that they’re saying, but
    0:08:29 what they’re feeling to the viewer.
    0:08:31 And that’s the magical thing about video.
    0:08:32 I love that.
    0:08:36 And I’m happy that you made that distinguishing factor because it’s true.
    0:08:37 Everybody can…
    0:08:41 Like there’s different things that work for everyone in different scenarios, and so you’ve
    0:08:44 got to make sure that you use the right tool in your toolbox.
    0:08:50 So speaking of having to sort of how people are on a spectrum when it comes to their video
    0:08:51 skills.
    0:08:52 You talk about this in your book.
    0:08:56 You say that they’re either a dabbler, a part-timer, a pro, or a rock star.
    0:09:01 So talk to us about from all the way to a dabbler to a rock star, what are the elements
    0:09:02 of each person?
    0:09:03 Yeah.
    0:09:07 Well, a dabbler is the one who’s going to see somebody else, maybe a friend or an associate
    0:09:11 on social media, and they’re going to pick up their phone and say, “I can do that.”
    0:09:13 And they shoot a few videos, they get exhausted, and they…
    0:09:17 What happens is they put in the effort, but they don’t do it consistently enough that
    0:09:19 it becomes a habit and they start getting traction.
    0:09:24 So they’ve got no money as a result of it, 99.99% of the time.
    0:09:25 It’s not going to go anywhere.
    0:09:29 Then at the next level, you’ve got people who actually do this consistently, but they’re
    0:09:33 not at the point where they can get people to the point of a sale, like maybe you don’t
    0:09:37 have a product, you don’t have a business setup, and you’re going to reach some success,
    0:09:38 and we’ll call that bonus money.
    0:09:42 Every now and then, somebody might pop up and they’ll Google you and find what you’ve
    0:09:45 got to offer, and they’ll buy it, but it’s not consistent.
    0:09:51 And anything above that, what’s happening is consistency, systems, and processes so
    0:09:54 that it’s no longer when you feel like it.
    0:09:57 You’re treating it like an occupation, a career, a job.
    0:10:02 If you don’t show up, things don’t happen, and that’s when success builds on success,
    0:10:06 and that’s when people start realizing, “Hey, this person is a pillar in this vertical,
    0:10:11 in this niche, in this industry, and the more they hear you, the more they want to hear
    0:10:12 about you.”
    0:10:16 I’m not going to go into too much detail here for the sake of time, but the rock stars
    0:10:21 are the people who, in a nutshell, you’re no longer pushing your content.
    0:10:24 Your audience is pulling the content from you.
    0:10:27 The demand for it is greater than your effort to push it out there.
    0:10:29 You’re getting more people to share it.
    0:10:31 You’re getting people requesting to be on your show.
    0:10:35 You’re getting so much engagement that you’ll never run out of ideas because you can just
    0:10:39 lick at the comments and use that for your content ideas.
    0:10:45 And that’s that feeling of getting pulled, and once you reach that, there’s a lot of
    0:10:51 people who just realize that there is this, I guess, it’s like the flywheel type of feeling,
    0:10:54 and that’s flow, and that’s where I want all my clients to get.
    0:10:55 I love that.
    0:10:58 I hope that we all get to that place with our videos.
    0:11:03 Let’s talk about how we can look pro without necessarily having pro equipment.
    0:11:07 I know that you’re a big advocate of using our iPhone and that we shouldn’t really make
    0:11:09 an excuse when it comes to equipment.
    0:11:10 So can you talk to us about that?
    0:11:11 Yeah.
    0:11:12 It was like I chased Jarvis.
    0:11:16 He’s the one who said that phrase, “The best camera is the one you’ve got with you,” right?
    0:11:18 And we’ve all got phones.
    0:11:21 Real quick, one of the things women always ask me is, “How can I look thinner?”
    0:11:26 And the simplest way is to just raise your phone if it’s like here, just at a slightly
    0:11:30 higher level than your eyes, what’s going to happen is going to taper your whole figure
    0:11:34 down to more like a V where your eyes are going to pop a little bit bigger, your forehead’s
    0:11:38 going to look hopefully ought too big.
    0:11:44 But what happens is you get that really nice pointy jaw line and everything as it goes
    0:11:46 further down looks a little bit slimmer.
    0:11:48 And it’s just this working the angles, right?
    0:11:49 Yeah.
    0:11:52 Ideally, most people are going to want to be exactly at eye level.
    0:11:57 And there’s this experiment I did where I sat people across from a diner table with me
    0:11:58 and had conversations with them.
    0:12:00 And then I met people in person.
    0:12:06 And the thing is that people consistently told me they felt more connected to me when they’re
    0:12:07 sitting across.
    0:12:11 And I realized what’s happening is the length of your legs are canceled out.
    0:12:14 And you’re much more likely to be seeing exactly eye to eye with someone.
    0:12:18 Because when you’re standing, the height difference really makes you feel either short or tall,
    0:12:20 inferior, superior, child, parent.
    0:12:25 There’s these relationships that our psychological brains have already embedded in there.
    0:12:29 But when you get the camera exactly at your eye level, then there’s that phrase, “Sing
    0:12:30 eye to eye.”
    0:12:34 And people no longer feel threatened by you or they don’t feel superior to you.
    0:12:37 They feel like they could have a one-on-one conversation with you.
    0:12:39 And right now, I’m looking at your camera setup.
    0:12:40 You’re exactly eye to eye.
    0:12:44 My camera is slightly higher simply because the way my room is set up, I can’t get it
    0:12:46 lower.
    0:12:48 But ideally, if you got a phone, then you don’t know where to start.
    0:12:49 Get it right at eye level.
    0:12:51 A lot of people have it low.
    0:12:55 That’s what I call the nose hairs on, where people are literally seeing your nose hairs.
    0:12:57 Not the most attractive angle.
    0:13:00 So I think one really simple thing is just figure out your angles.
    0:13:02 Do you want to look a little bit more petite, slim?
    0:13:05 Do you want to look eye to eye like you’re having a conversation?
    0:13:09 Or do you want to be a little bit more dominant looking, a bit of a bigger father figure?
    0:13:11 Then you bring it a little bit lower.
    0:13:12 Not too low.
    0:13:14 You get stuck in the nose hairs on.
    0:13:15 Yeah.
    0:13:16 This is really great.
    0:13:17 And I don’t remember who told me this.
    0:13:22 But to your point, when you’re looking up in your video, you actually look like you’re
    0:13:23 less authoritative.
    0:13:27 If it’s slightly lower, you look more authoritative, but like you said, you don’t want to have
    0:13:29 people look in your nose.
    0:13:31 And here’s one small trick.
    0:13:35 I’ve had so many female clients and they’re deathly afraid of showing a tiny bit of a
    0:13:38 double chin, which I do sympathize with them.
    0:13:41 And there’s this, I call it the chicken move.
    0:13:45 And this is something that I learned because I watched it behind the scenes of Tom Cruise
    0:13:47 at one of his debuts.
    0:13:50 And from the front, they’re about to take the group photo, right?
    0:13:51 And he’s standing there.
    0:13:55 What he does is he cranes his chin out as far as he can toward the camera.
    0:13:58 And I realized that when he was sitting natural, he had a tiny bit of a double chin.
    0:14:01 And I only installed this because there was a side angle and someone shot a view from
    0:14:05 this like three to what, and it goes like this.
    0:14:09 But then here’s the thing from the front that actually you can’t really tell, right?
    0:14:12 And if you’re looking right at the camera and you’re deathly afraid of the double chin,
    0:14:15 you just kind of stick your head for like a chicken.
    0:14:16 The turtle move.
    0:14:18 Yeah, or a turtle.
    0:14:21 And then I started seeing it everywhere in Hollywood photo shoots.
    0:14:26 If you look from the side angle, all the women are doing that right before the photo or before
    0:14:27 like a close-up shot.
    0:14:28 I thought that is so brilliant.
    0:14:30 Nobody even knows it happens because they’re not looking for it.
    0:14:36 So it’s just a hack, especially because I know women are very conscious about how they
    0:14:37 look and they should be.
    0:14:39 It’s just a little trick that might help you.
    0:14:41 Yeah, I love that.
    0:14:43 And I know that you have this phrase, love the lens.
    0:14:44 Yes.
    0:14:46 What does that mean to you?
    0:14:48 Right now I’m looking right at the camera.
    0:14:49 I’m looking right at you.
    0:14:53 And hopefully the viewer can see that I’m looking right at the camera.
    0:14:55 If I were to look just a little bit off, then it feels different.
    0:14:58 Right now I’m looking at the monitor where you are.
    0:15:00 And I’ve tested conversions on this.
    0:15:04 And when you’re looking right at the camera, and even if it’s the difference of looking
    0:15:10 right at the camera here or at your own face, the conversions on the video will change.
    0:15:14 I don’t know if you’ve heard of someone named Alex Hormozzi, but I audited his stuff on
    0:15:16 Instagram and on TikTok.
    0:15:19 And we look for the things that the algorithms can’t find because we manage a lot of people
    0:15:22 in social media and we want to make sure we’re giving good advice.
    0:15:23 I don’t make predictions.
    0:15:27 I look at data and I look at how can we use that to help them move forward, right?
    0:15:32 And we look for patterns in the top performing videos and the bottom performing videos.
    0:15:33 And we look for the commonalities.
    0:15:38 And one of the commonalities that we found is when he’s looking off camera, those are
    0:15:42 like 80% of the videos that were in the bottom 10% here, he’s looking off camera.
    0:15:46 And 80% of the videos in the top 10%, he’s looking straight into the camera.
    0:15:50 And when I saw that, I was like, where else can we see this pattern?
    0:15:52 And most people, it’s the same thing.
    0:15:56 So loving the lens is disciplining yourself to look at the little black dot.
    0:15:58 I call it black circle confidence.
    0:16:01 That black circle is your audience.
    0:16:04 It’s not looking at your own faces vanity, right?
    0:16:08 So if you can get to that level, then, then without effort, you’re going to be getting
    0:16:09 more engagement.
    0:16:11 People will feel like they’re more connected to you on video.
    0:16:12 Yeah.
    0:16:15 And it makes sense because eye contact works in real life.
    0:16:16 Of course, it’s going to work online.
    0:16:20 The same things with human behavior transfer online or offline.
    0:16:21 So makes sense.
    0:16:23 How about having movement in your video?
    0:16:24 What is the importance of that?
    0:16:25 Yeah.
    0:16:31 I took this from an evolutionary perspective where as hunter-gatherers, when we’re looking
    0:16:35 for the prey, right, anything that moves is where our attention will go.
    0:16:37 It could be danger or it could be food.
    0:16:42 And our brains are tuned to snap to where the movement is.
    0:16:44 And there are simple ways you can do this in your videos.
    0:16:47 When I start my videos, a lot of times, I start with, hey guys, how’s it going?
    0:16:49 I put my hand real close to the camera.
    0:16:53 Every 15 seconds or so, if you’re holding your phone, I just pivot about 90 degrees,
    0:16:56 which is the whole background, but I’m still in the frame.
    0:17:01 A lot of videos that are really successful are the ones where there’s a monologue of
    0:17:05 some inspirational quote, but then you just see someone doing something like laying bricks
    0:17:09 or cutting lawns, but that movement is what keeps you engaged.
    0:17:14 So whatever you do, keep resetting people’s attention with movement.
    0:17:17 For example, in this podcast, I’m going to guess that there’s going to be cuts.
    0:17:19 There’s going to show your face, my face, that’s movement, right?
    0:17:22 But if you’re not going to be editing, you could do things like moving closer to the
    0:17:26 camera, further from the camera, using hand gestures, there’s all kinds of ways you can
    0:17:27 do that.
    0:17:28 Yeah.
    0:17:31 And I see lots of influencers walking with their phone outside and things like that.
    0:17:35 So this really helps me because I’m thinking about a lot of my videos, I’m sitting down
    0:17:38 on a couch, I should probably be moving around.
    0:17:45 Well, what you do well, I’ve been researching you too, is you can either do the movement
    0:17:49 with your hands and with the camera and get that uploaded right away, or you can send
    0:17:52 it to an editor and they do the movement with titles, with emojis, with little animations
    0:17:53 on screen.
    0:17:54 All of that is movement.
    0:18:00 So if you’re not at the level where you can edit like that, then use practical movement.
    0:18:02 But if you have an editor, then they can do that for you.
    0:18:03 Okay.
    0:18:04 That makes sense.
    0:18:07 And then in terms of lighting, using your iPhone, what do we need to know?
    0:18:09 Well, there’s two things you got to know.
    0:18:10 Number one, avoid direct sunlight.
    0:18:13 It’s going to make you like 10 years older.
    0:18:15 If that’s what you’re going for, then go for it.
    0:18:21 Most people are not, but the most important thing is to just hold your camera up, look
    0:18:27 at your face, and turn around 360 wherever you’re at, and then you’ll very quickly see
    0:18:30 where there’s more light coming from in front than behind.
    0:18:33 And that’s really the most basic tip you can keep that will be effective everywhere.
    0:18:37 So you go into a hotel room, you want to make sure that you’re facing the big window
    0:18:40 and you’re not having it as your background, because that’s going to make you either look
    0:18:44 like a silhouette or make the background look like it’s totally white.
    0:18:45 So face the light.
    0:18:50 And if you got that, then I think that everything else falls into place pretty quickly.
    0:18:54 Let’s hold that thought and take a quick break with our sponsors.
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    0:23:51 So fun fact, and I’ve heard you talk about this a few times, 80% of men and 69% of women
    0:23:55 use their phone while on the toilet, and you’ve taken this data and created something called
    0:23:56 the toilet strategy.
    0:24:00 So what is the toilet strategy and what does this data tell us about how we should be conducting
    0:24:01 video marketing?
    0:24:06 Yeah, I don’t know about you, but I happen to use my phone in the toilet.
    0:24:11 And when I realized that there’s that huge percentage, because that’s kind of like literally
    0:24:12 your downtime, right?
    0:24:15 So that’s when you’re like, you know, you’re checking messages, looking at social media,
    0:24:17 and there’s a couple of things going on here.
    0:24:20 And right now it may seem obvious, but when I first presented this at a conference, there
    0:24:23 was like, oh my, you know, smack my head, like, that’s so obvious, why didn’t I think
    0:24:24 of it?
    0:24:29 But when your audience is in the toilet, you have to, well, put it this way, tune your
    0:24:31 videos as if you’re speaking to someone on the toilet.
    0:24:32 So there’s a couple of things going on.
    0:24:36 Number one, you want to make sure there’s captions on every single word, because when
    0:24:40 you’re in a public bathroom, it’s very rare that you’re going to want the speakers blaring
    0:24:41 while you’re in there, right?
    0:24:42 So immediately someone’s going to mute.
    0:24:46 If they can’t hear you or read you, then they’re going to skip off, right?
    0:24:47 So that’s rule number one.
    0:24:49 Rule number two about the toilet strategy is the length.
    0:24:53 There are so many times on, uh, where I’ve seen a video and I thought this is great.
    0:24:56 And then what we’ve done is eye tracking tests.
    0:24:58 The first thing we look at is the title to see if we want to stop the second one is the
    0:24:59 person’s eyes.
    0:25:05 The third place we look, believe it or not, is the play bar to see how long it is.
    0:25:07 And that’s through eye tracking data.
    0:25:11 And if the video is too long, like you probably want to spend five minutes in the bathroom
    0:25:12 max.
    0:25:15 If it’s a 20 minute video, what happens is this is a great video, but I don’t have
    0:25:20 20 minutes to see safer later, which by the way, nobody ever goes to the safer later video
    0:25:21 and actually watches them.
    0:25:25 It’s, it is a black hole where things go in and never come back out.
    0:25:27 So you never want to get safer later.
    0:25:28 There’s the length.
    0:25:30 You want to keep it two minutes max nowadays.
    0:25:31 It’s under a minute.
    0:25:32 It keeps getting shorter.
    0:25:35 The third thing is really the big title on top.
    0:25:40 Now that’s kind of changed because nowadays with the way TikTok format videos have really
    0:25:43 taken over the algorithm chooses what shows up.
    0:25:45 It’s not what you subscribe to.
    0:25:50 So it doesn’t matter quite as much, but I think it’s quite effective on some platforms
    0:25:55 where the thumbnail is going to be much more prominent than the actual video itself.
    0:25:56 For example, YouTube.
    0:25:57 Yeah.
    0:25:59 Let’s take it to LinkedIn for a second.
    0:26:00 So you may not know this.
    0:26:02 I’m one of the biggest influencers on LinkedIn.
    0:26:03 I do know it.
    0:26:04 You are everywhere.
    0:26:05 Oh, thank you.
    0:26:11 And I have a LinkedIn masterclass and one of the things that I discovered when I was preparing
    0:26:17 this masterclass is that a lot of people are watching videos with the sound off.
    0:26:22 And I realized that on LinkedIn, especially everyone has a job.
    0:26:25 Everyone is college graduate, serious professional.
    0:26:30 But the most engaging times on that platform is 10 a.m. and everyone’s time zone.
    0:26:32 So they’re watching videos at work.
    0:26:36 And I was like, duh, everyone’s watching videos at work.
    0:26:41 That’s why any video that’s either super long or needs sound performs terrible on that platform.
    0:26:43 It needs to look really different.
    0:26:47 Pattern disruption needs to be engaging with the sound off and be short.
    0:26:51 Otherwise, videos do not work on that platform unless they’re LinkedIn live and people are
    0:26:53 treating them like an event.
    0:26:54 That’s right.
    0:26:59 So I would love to understand your perspective on the importance of engaging video with the
    0:27:00 sound off.
    0:27:05 I think that people have been fighting for, let’s say fighting against it for so long
    0:27:08 because radio came up before TV, right?
    0:27:13 There are silent films also where, but they had to have an orchestra right in there.
    0:27:15 So sound has always been such a big part of it.
    0:27:20 But sound is something that is most enjoyed as a group setting.
    0:27:24 Now everything is going to individual entertainment where every single person, I have six kids,
    0:27:25 by the way.
    0:27:26 Oh, wow.
    0:27:29 When I grew up, and it was movie night, we all sat together around the one tiny TV.
    0:27:31 Like that was the whole family.
    0:27:33 Now it’s like, let’s movie night, everybody’s just like, well, I’m watching this series and
    0:27:34 I’m watching that series.
    0:27:35 I’m on a phone.
    0:27:36 I’m on my iPad.
    0:27:37 We’re on the TV.
    0:27:40 It’s like an individual experience.
    0:27:43 And just like at work, you’re not going to get a group of coworkers to sit around and
    0:27:45 watch a program.
    0:27:49 Everybody’s like at the cubicle, in the bathroom, in the hall, you know, on there getting a
    0:27:50 cup of coffee.
    0:27:52 It’s an individual experience.
    0:27:55 And as an individual experience, sound is becoming less and less prominent.
    0:27:59 Now I know a podcast experience is completely different and we’re not, that’s a completely
    0:28:00 different category.
    0:28:05 But when it comes to the decoupling of the visual experience and the audio experience,
    0:28:09 the main reason is because it’s becoming an individual experience where sound radiates
    0:28:14 in all directions, whereas light can be directed just toward your eyes.
    0:28:15 Yeah.
    0:28:18 And so I think the moral of the story is that, especially on a platform like LinkedIn, I
    0:28:21 don’t know if Instagram is necessarily the same.
    0:28:25 You’ve got to make sure that your videos are engaging with and without the sound on.
    0:28:28 It’s got to make sense with captions, whatever it is.
    0:28:29 Very true.
    0:28:32 You finish the edit, then watch it back without sound.
    0:28:35 And if it’s not fun, then fix it.
    0:28:36 That’s the quick hack around that.
    0:28:38 If you’re not enjoying it without sound, then fix it.
    0:28:39 Totally.
    0:28:40 And that’s such a big hack.
    0:28:41 Okay.
    0:28:42 You already told me about the timing of videos.
    0:28:47 I think it’s a good time to transition into your seven figure video marketing funnel.
    0:28:49 So first of all, define video marketing funnel.
    0:28:50 What does that even mean?
    0:28:53 So a lot of people have looked at courses, right?
    0:28:57 Like somebody teaches you, here’s how to make money and here’s how to get clients.
    0:29:00 And I’ve gone through a lot of them myself and almost all the time, there’s going to
    0:29:04 be some form of like, okay, you got excited to click funnels or high level or, you know,
    0:29:06 whatever other platform there is.
    0:29:08 And there are a lot of great ones out there.
    0:29:13 And I’ve surveyed a whole bunch of people who actually went through courses.
    0:29:16 And one of the frustrations is that every course or coaching program tells them they
    0:29:21 got to sign up to this 300 to 500 or they’re buying thousands of dollars of SaaS products.
    0:29:26 And I thought, what if I run an experiment on myself where all we’re doing is using free
    0:29:32 tools, social media, the phone in your pocket and just a payment system, Stripe or PayPal
    0:29:33 or something.
    0:29:36 Can I actually convert leads and sales with that?
    0:29:39 And I did an experiment and that was the premise of the book.
    0:29:44 I scale something to over seven figures where all I did was shoot videos on social media,
    0:29:49 engaged with my audience through the videos, directed people to a payment page and then
    0:29:52 actually started coaching them on zoom.
    0:29:56 And this is something that a lot of people don’t realize that like, if you don’t get
    0:30:00 that messaging right, if you don’t understand how to connect with the audience, forget these
    0:30:03 complicated funnels and tripwires and automations and SAPs.
    0:30:07 That comes later because what you’re doing is you’re taking something that works and
    0:30:11 interaction with your audience, something that works, that turns to money and systematizing
    0:30:12 it.
    0:30:16 But a lot of people go and create the system first and then try to connect with their audience.
    0:30:20 And then they realize, wait, we built this domino tower in the wrong direction.
    0:30:21 It’s a sad story I’ve seen over and over.
    0:30:25 So that’s the concept is use what you have.
    0:30:29 Don’t get into the tech and the craziness unless this is your third or fourth or fifth
    0:30:31 time around then and go for it because you’ve done this.
    0:30:36 If it’s your first time around, use your phone, use free social media, get clients.
    0:30:41 And unless those three tick boxes are marked, then don’t go and buy fancy software.
    0:30:42 Yeah, I love this approach.
    0:30:43 I give the same advice.
    0:30:48 I see a lot of people who are creating products and they don’t even know if people want these
    0:30:52 products and they go down this whole rabbit hole, investing all this money, and then they
    0:30:53 have no demand.
    0:30:54 Right?
    0:30:55 So that’s a problem.
    0:30:59 I just actually interviewed the president of Shopify and we were talking about how things
    0:31:04 are changing now where creators are sort of flipping the script on how businesses are
    0:31:05 made.
    0:31:09 They’re building an audience first, figuring out what they want, and then selling to them
    0:31:11 rather than building something and then finding the audience.
    0:31:12 Right?
    0:31:16 So I feel like this really fits nicely with what you’re teaching.
    0:31:21 And just to clarify, so you’re not suggesting that these videos are paid ads against them,
    0:31:22 you’re just saying organically.
    0:31:23 Organically, yes.
    0:31:28 Now, when it comes to paid ads, here’s how I feel about it and this is what I do with
    0:31:29 my clients.
    0:31:33 And by the way, I have turned away a lot of clients or potential clients who said, “Hey,
    0:31:34 I’ve got this stack of cash.
    0:31:36 Could you build this thing for me?”
    0:31:37 And I say, “Well, what have you sold so far?”
    0:31:38 And they said, “Nothing.
    0:31:39 It’s brand new.”
    0:31:40 I said, “What have you done in the past?”
    0:31:41 And they say, “Nothing.”
    0:31:44 I said, “I think you’re too early because I don’t want to have a one-year relationship
    0:31:48 with a client and then not get them results because I don’t have anything to build on
    0:31:49 with them.”
    0:31:51 So, you know, they say, “Well, you’re the expert.
    0:31:55 I’m like an expert at blowing up what’s working, not at inventing something from scratch
    0:31:56 for you.”
    0:31:58 Yeah, you need product market fits, sir.
    0:31:59 Exactly.
    0:32:01 But let’s get back to the thing about ads.
    0:32:02 Here’s what we do.
    0:32:04 You’ve got a lot of videos that have gotten hundreds of thousands of views.
    0:32:06 I feel that I’ve gotten millions.
    0:32:12 And those videos have been tested organically and they’ve been proven to convert better
    0:32:13 than anything else.
    0:32:17 So what I tell my clients and what we do is we just push them out organically on social
    0:32:18 media.
    0:32:23 We come back a month later, see what the highest performers are, and then turn those into ads.
    0:32:29 We don’t invent an ad from scratch because we want the most return on our ad spend.
    0:32:32 So you’re going to get the most reach with the videos that do well organically.
    0:32:36 So we go organic first, then convert them to ads, and it’s that simple.
    0:32:37 That makes so much sense.
    0:32:40 So put the money behind the things that get the high engagement because you know they work.
    0:32:42 That have already been proven to work.
    0:32:43 Yeah.
    0:32:44 That makes a lot of sense.
    0:32:45 Okay.
    0:32:48 So let’s get into how we create this video funnel.
    0:32:51 First step is coming up with a hockey puck title.
    0:32:56 So what are hockey puck titles and why do we need to actually plan our content around
    0:32:59 a title rather than do it the opposite way?
    0:33:01 Really good question.
    0:33:04 Hockey puck title, when I was a kid, I was really into hockey, ice hockey.
    0:33:07 And Wayne Gretzky said that famous quote, “I don’t go to where the puck is.
    0:33:09 I go to where it’s going to be.”
    0:33:13 And when it comes to the title, it’s no longer thinking about like, “I’m going to create
    0:33:16 some content and then figure out how to get people there.”
    0:33:19 It says like, “No, I’m going to figure out how to get people’s attention, and then I’ll
    0:33:20 put a tail end on it.”
    0:33:23 And for me, the tail end is really the content.
    0:33:26 So hockey puck title is about composing great titles.
    0:33:30 It’s about researching and figuring out what words are going to rank, what kind of triggers
    0:33:31 your audience.
    0:33:34 When I say trigger, I don’t mean that in a negative way, but what’s going to get them
    0:33:36 engaged psychologically.
    0:33:38 And once you have a list of titles, you can talk to that.
    0:33:43 For example, Hala, if I asked you, if there’s a title that says the two biggest mistakes
    0:33:49 that first-time podcasters make that’s costing them thousands, I bet you could riff on that
    0:33:54 for five minutes or an hour straight if you wanted to because that’s your expertise.
    0:33:58 So we go into what’s people’s expertise, and then we make the eye-catching titles that
    0:34:02 they can talk, speak to, or fill the space on.
    0:34:03 Yeah.
    0:34:06 And so this is relevant to YouTube, like you said.
    0:34:09 It’d also be relevant for live streams, LinkedIn, live streams of titles.
    0:34:13 Now Instagram, TikTok, you don’t really have titles.
    0:34:16 So instead of a title, you just use that as your opening statement.
    0:34:20 And if that doesn’t get people’s attention, then you’re doing something wrong.
    0:34:24 So the title can be the opening statement, which other people would call the hook.
    0:34:28 The actual visual title, it can be in the thumbnail, but just think of it as the first
    0:34:31 information that hits your viewer.
    0:34:32 Yeah.
    0:34:36 And that example that you gave in that hook, you did some things that I know.
    0:34:37 I noticed, right?
    0:34:38 I’m a marketer too.
    0:34:41 So use the superlative, the best, the worst.
    0:34:42 Use numbers.
    0:34:45 For some reason, people love numbers and hooks.
    0:34:46 And you made it relevant to me.
    0:34:50 It was about podcasters, and you even give monetary value, which also will pique people’s
    0:34:51 interest.
    0:34:53 The more numbers you can stuff in a hook, the better.
    0:34:57 So let’s move on to Hilda, which is your framework for building a video.
    0:34:59 What else do we need to know about hooks?
    0:35:02 Let me tell you one real quick thing though about the title.
    0:35:03 Yeah.
    0:35:04 It’s the shortcut.
    0:35:07 The left brain, right brain theory, everybody’s got their opinions on that.
    0:35:12 But I’ll tell you what has effectively worked is you want to engage both sides.
    0:35:13 You want big numbers.
    0:35:18 And for some reason, even if it’s zero with .20 zeros, that’s a big number.
    0:35:20 Psychological is going to look big, right?
    0:35:22 And you want an emotional word.
    0:35:27 And if you put an emotional, expressive word and a big number together, then you got to
    0:35:29 wrap the context around that.
    0:35:31 So I try to think of that first.
    0:35:35 When you’re hitting the left brain, right brain, and whether the person is leading one
    0:35:39 way or the other, what mood they are in that time of the day, hopefully it’s going to be
    0:35:41 the biggest dragnet to get the most attention to your content.
    0:35:45 Give us an example of doing that strategy.
    0:35:48 Emotional word might be something like I quit, right?
    0:35:49 That’s an emotional, like a statement, right?
    0:35:54 And then a big number would be something, you give me a number and I’ll make up something
    0:35:55 to go with that.
    0:35:56 10 billion.
    0:35:57 10 billion.
    0:35:58 Okay.
    0:36:01 So I say my path from zero to 10 billion dollars, I quit.
    0:36:04 I’m just like, what the heck does that mean?
    0:36:05 Now you’re laughing.
    0:36:06 You might actually click that, right?
    0:36:07 Yeah.
    0:36:11 Now it’s got to be contextual to who you are as a person.
    0:36:13 Don’t make up stuff that has nothing to do with you.
    0:36:18 And if it was for me, 10 billion, I would, oh, I might like pick up a camera and say 10
    0:36:20 billion pixels, I quit.
    0:36:24 Like I might make some content on like, where are we going to go as far as, you know, like
    0:36:27 the resolution and it doesn’t really matter at this point.
    0:36:29 That could be something you talk about.
    0:36:32 We’ll be right back after a quick break from our sponsors.
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    0:41:31 So for hooks, lately I’ve been using chatGBT for anything that I have to come up with some
    0:41:32 sort of title.
    0:41:35 And like say this in 10 different ways, right?
    0:41:37 Have you been using chatGBT for that kind of thing?
    0:41:42 We have this one-on-one coaching with our clients because a lot of agencies, they actually
    0:41:43 provide all the tools.
    0:41:45 They say just send us the video and we’ll do everything else for you.
    0:41:46 Send us the podcasts.
    0:41:47 We’ll do everything.
    0:41:48 Or we’ll give you all the gear.
    0:41:53 The gap in the market is actually someone to show up and live direct and coach people.
    0:41:56 A lot of people, they don’t create it because they don’t have the time, their schedule’s
    0:42:01 too full or they get set up and then their hour turns into 15 minutes because of all the
    0:42:03 other stuff they have to take care of.
    0:42:04 But the accountability.
    0:42:09 So our coaches actually now using some AI, using their own experience as marketers will
    0:42:12 create all of the content plans and that’s the hook.
    0:42:16 Whether it’s a question yes and that they can answer, whether it’s finish the sentence,
    0:42:21 whether it’s a framework, I have a few frameworks like what I just showed you, the number and
    0:42:25 the emotional word, there’s 100 others, but we’ll get them all planned out.
    0:42:28 And then we’ll have a conversation for an hour and shoot anywhere from 10 to 30 videos
    0:42:29 within that hour.
    0:42:30 And that’s the short form content.
    0:42:34 So the hooks nowadays using chat GPT does help us get there faster.
    0:42:36 So we’re no longer starting from zero.
    0:42:40 We’re starting from maybe 60 or 70 and then our coaches will finish the rest.
    0:42:41 Yeah.
    0:42:42 I love that.
    0:42:44 So let’s talk about the acronym Hilda.
    0:42:45 So this is how you break down your video steps.
    0:42:50 We already covered hooks and I’m sure in your book you probably have like you said so many
    0:42:52 different formulas for hooks.
    0:42:54 I’ll run you through this as quickly as I can.
    0:42:55 Okay.
    0:42:56 Yeah.
    0:42:57 So medium format content, this works really well.
    0:43:01 Medium format is anywhere from 10 to 12 minutes and that’s my definition.
    0:43:05 Start with a hook, introduce yourself, lead their anticipation into something you’re going
    0:43:09 to deliver, and then finally ask them to do something at the end.
    0:43:12 Hilda, hook, intro, lead, deliver, ask hook.
    0:43:15 We explained that a bit earlier, but you’ve got about, for the time I wrote the book,
    0:43:20 I think it was about seven seconds now, especially in the short form videos that are less than
    0:43:21 a minute.
    0:43:22 You got about three seconds.
    0:43:25 And I can show you the numbers behind that, the data we have based that on.
    0:43:26 Introduce yourself.
    0:43:30 Now it’s not as necessary as it used to be, but if you must, if you feel like you must
    0:43:33 say, “Hey, my name is Ken Okazaki and I’m blah, blah, blah, blah, blah.”
    0:43:37 Always put that after the fact that they’re bought into what you’re about to say.
    0:43:40 But the truth is nowadays, if they want to know who you are, they’ll just tap your little
    0:43:43 profile, you know, face, and they could see that.
    0:43:47 If you’re going to say it, keep it short, first name, we help what you do five seconds
    0:43:48 or less.
    0:43:50 And that sounds cruel, but it’s real.
    0:43:54 The longer you talk about yourself, I’m sure you’ve looked at those engagement graphs
    0:43:55 on YouTube, right?
    0:43:58 That’s where people drop off is when you’re talking about yourself.
    0:43:59 But some people have got it.
    0:44:01 So I say, if you must, make sure you hook them in, right?
    0:44:02 Lead.
    0:44:03 This is where you start telling a story.
    0:44:05 This is where you start giving context.
    0:44:08 Like I read this newspaper article the other day and it got me thinking about this.
    0:44:12 I was talking to my friend or the way I discovered this, the importance of what I’m about to
    0:44:13 share.
    0:44:18 You’re just setting up the big reveal and that’s what you’re going to deliver next.
    0:44:21 So this is where you actually spend the most time because the moment you release the tension
    0:44:24 when you deliver something and release the dopamine.
    0:44:26 So D can also be for dopamine.
    0:44:28 That’s when people feel satisfied, satiate.
    0:44:31 And you got to build this tension, release it.
    0:44:35 It’s a classic Frank Capola strategy and video directing.
    0:44:40 And then at the end, and this is a, there was a marriage counselor who was asked by this
    0:44:44 woman, just like every time I asked my husband anything, he always says, no, I want to buy
    0:44:45 a dress.
    0:44:46 No, I want to go on vacation.
    0:44:47 No, I want to buy this vacuum cleaner.
    0:44:48 No.
    0:44:49 And he says, well, here’s what you got to do.
    0:44:55 You got to one day light some candles, cook them an amazing meal, put on your, your sexiest
    0:44:57 negligee, give a mind blowing sex.
    0:44:59 And then afterwards ask him, she goes, what?
    0:45:01 He goes, just try it.
    0:45:02 Did it absolutely work.
    0:45:06 I’m like, and then she goes back and says, why did that work?
    0:45:08 He goes, he’s got so much dopamine running through his brain.
    0:45:10 It’s so easy to get a yes.
    0:45:14 So I thought, well, if we get that level of dopamine, and I’m not sure if we can match
    0:45:19 what she did for her husband, but we want to get some dopamine going where they feel
    0:45:24 like they had an aha moment, right then is when you want to flip it and say, hey, would
    0:45:28 you please join my group or download this or click a certain link?
    0:45:30 And it’s the timing that’s so important.
    0:45:31 This is so interesting.
    0:45:34 So I want to, I want to ask some probing questions on each part.
    0:45:37 So for the intro, based on what you said, it sounds like if it’s a cold audience, you
    0:45:42 probably should, if it’s paid cold, probably should introduce yourself to show some sort
    0:45:43 of social proof, right?
    0:45:48 And if it’s warm or like on your own social media, maybe don’t do that because mostly
    0:45:53 it’s going to be your followers seeing it unless it goes viral and then they’ll click
    0:45:54 on your profile if they want to learn more.
    0:45:56 Does that sound right?
    0:45:59 It’s really hard for me to cover every situation because right now, like for example, I’m a
    0:46:02 guest on your podcast, there’s YouTube videos, there’s super short form.
    0:46:04 But generally, yes, I think that’s a good guideline.
    0:46:05 Okay, cool.
    0:46:09 Something that I thought was interesting is that you suggested don’t use your last name
    0:46:11 from my understanding.
    0:46:13 Why just first name in the intros?
    0:46:15 You want people to feel friendly toward you.
    0:46:19 And like, when I speak to you, I’ll probably just say Hala, you know, and you might say
    0:46:20 Ken.
    0:46:23 And while we’re having this conversation, we’re not consistently using full names because
    0:46:25 we feel comfortable with each other.
    0:46:30 And what we’re doing is assuming rapport, we’re not assuming formality.
    0:46:34 And when you assume rapport, the other person’s more likely to get on board and assume report
    0:46:35 back with you.
    0:46:39 And then later on, they might feel more open to sending you a DM and say, “Hey, I checked
    0:46:40 out your video.
    0:46:41 Would love to learn more.”
    0:46:45 It’s more likely to happen because they feel more rapport because that’s how you started
    0:46:46 the conversation with them.
    0:46:48 Oh, that’s so interesting.
    0:46:51 I always say good branding is making people feel like you’re an old friend.
    0:46:53 So that makes a lot of sense to me.
    0:46:55 I think we’re on the same page.
    0:46:56 Yeah.
    0:47:02 Okay, so let’s talk about this step in terms of leading their anticipation.
    0:47:03 This is where a lot of people get stuck.
    0:47:05 Why do people get stuck in this part?
    0:47:09 And can you give us some real tangible examples of how you can do this?
    0:47:13 This part is more art than science because there are a million ways we can do it.
    0:47:15 So let’s give a live example.
    0:47:19 Let’s say the thing I want to teach someone is, well, with the Go-Box Studio, what you
    0:47:24 have, there’s this cool feature where you can draw right over the video screen.
    0:47:29 And a lot of people first saw that when I actually invented that process, couldn’t get
    0:47:30 a patent too bad.
    0:47:33 But there’s tons of people were asking me, “How do you do that?”
    0:47:38 So I made a quick video about it and then leading up to showing the exact steps one,
    0:47:43 two, and three, I talked about all the frustrations of the processes I tried.
    0:47:46 I was like, “I really wanted to get this effect while I was drawing on the screen.”
    0:47:50 So one was I actually bought this piece of glass and I had it lit like a lightboard,
    0:47:53 but it was big and clunky and I couldn’t take it anywhere with me.
    0:47:55 And it took a lot of time to build.
    0:47:59 And then I tried this and I tell them about all the failures and people are bought into
    0:48:00 this journey.
    0:48:02 And then when I teach them how to do it, they’re just like, “Oh my God, compared to all the
    0:48:05 effort that you went through, thank you so much for this cool hack.”
    0:48:10 They gave more weight and gravitas and more value to what I actually taught them because
    0:48:13 I gave them a bit of the journey to how we got there.
    0:48:17 So that could be like a little bit of an origin story on something.
    0:48:18 That’s one way.
    0:48:24 One of the favorite ways that I see work effectively is how, because most of my clients are business
    0:48:30 coaches, is they tell a story of the before and after of the transformation their client
    0:48:34 had and then explain the process for how they do it.
    0:48:38 You might say something, I worked with this man, he’s 55 years old, he’s got three beautiful
    0:48:44 kids and a wife, but the wife was constantly stressed because he was never home and the
    0:48:47 kids were not, he wasn’t going to see the kids grow up.
    0:48:49 He was making good money, but his health was deteriorating.
    0:48:53 He barely saw his wife and he never got to keep his promises for vacations.
    0:48:57 He came to me saying, “I got to get this fixed, but I don’t want to sacrifice my income.”
    0:49:01 So what I did is, and he teaches that one, two, three steps, now people are bought into
    0:49:05 the steps because they might be that 50-year-old person who has their life out of balance and
    0:49:06 they have money, but no time.
    0:49:13 So those are some examples of how can you give context, tell a story, or paint a picture
    0:49:15 that sets up what you’re about to share.
    0:49:17 This is so good, Ken.
    0:49:18 You are so brilliant.
    0:49:22 I’ve had video marketers on the podcast before, but by far I feel like you are giving the
    0:49:23 best advice.
    0:49:25 Thank you.
    0:49:26 You really know your stuff.
    0:49:27 You really, really know your stuff.
    0:49:30 So let’s talk about delivering value.
    0:49:34 One thing that I just want to stress to my listeners is, from my understanding, what
    0:49:38 you say in your hook is the value that you’re promising, right?
    0:49:41 So you need to make sure you deliver on your hook.
    0:49:45 Otherwise, people are going to leave your video and be like, “I watched this for no
    0:49:46 reason.”
    0:49:47 Clickbait, right?
    0:49:48 That’s what clickbait is.
    0:49:49 It is.
    0:49:54 So talk to us about how we can frame up delivering our value and what we need to know about that.
    0:49:55 Yeah.
    0:49:56 Let me paint a quick picture for you.
    0:49:58 Say you’re a drug dealer.
    0:50:01 And social media, by the way, I see the closest analogy.
    0:50:05 It’s like a farm, and you got to plow the land on the farm.
    0:50:09 And the person who owns the farm is Facebook, Instagram, TikTok, YouTube.
    0:50:12 They own the farm and you are leasing a plot.
    0:50:17 Now what’s going on is when you create content, then the product is your content.
    0:50:19 And they use that and they sell it.
    0:50:24 The only thing on social media, the university across all platforms that is a universal currency
    0:50:25 is time.
    0:50:27 People buy time.
    0:50:29 The advertisers buy it from the farmer.
    0:50:34 And you’re just the person who’s volunteering to create, to work their farm for them, which
    0:50:37 is amazing that they convinced us to do this.
    0:50:42 So now that we’ve got this analogy where time is a monetizable product, it actually is money.
    0:50:46 It’s bought and sold every single day, millions of times, billions of dollars.
    0:50:51 And when you understand this, then what you got to think is like, well, if I am buying
    0:50:54 and selling time, and that’s the currency of social media, when someone watches a video,
    0:50:59 let’s say they spend three minutes, they pay you three units of time.
    0:51:00 And what are you getting in return?
    0:51:04 What you got to give them is a dopamine hit, because otherwise they will not get addicted.
    0:51:05 They won’t come back.
    0:51:08 They won’t feel like they got their money’s worth.
    0:51:12 So if you say, hey, get over here, you know, spend three minutes with me and I’m going
    0:51:16 to give you a dopamine hit, they come, they pay their three minutes and you don’t give
    0:51:17 it.
    0:51:18 Two things are going to happen.
    0:51:20 Number one, they’re going to feel like, hey, you are scumbag.
    0:51:24 And number two, I’m never coming back and I might even tell people to avoid you.
    0:51:28 And that’s what happens when the promise doesn’t meet the delivery.
    0:51:31 So what you want to do is give them a dopamine hit.
    0:51:34 And I think another way to say this is aha moment.
    0:51:37 If you could get people like right now, I see you’re nodding.
    0:51:38 I love that.
    0:51:40 When I see people nodding, I’m like, that’s, we’re on the same page.
    0:51:42 They’re having an aha moment here.
    0:51:44 And that transaction was successful.
    0:51:45 Very likely they’ll come back.
    0:51:48 So you just got to deliver what you say you’re going to deliver.
    0:51:53 If you say I’m going to teach you the most mind blowing strategy to use chat GPT that
    0:51:56 will earn me $12,000 in the next 30 days.
    0:51:58 And then you actually show screenshots and demonstrate it.
    0:51:59 That is a good fit.
    0:52:03 But if you say it and then give some general advice without showing anything that’s actually
    0:52:08 believable, not a high chance that people will continue coming back, they’ll be disappointed.
    0:52:11 That’s the kind of the match you’re looking for there.
    0:52:12 Yeah.
    0:52:16 So the dopamine is actually what gets people coming back and addicted to our videos and
    0:52:17 gets you super fans.
    0:52:18 Okay.
    0:52:21 So the last step is asking for the right thing.
    0:52:24 How do we know what that right thing is?
    0:52:29 A lot of people spend a lot of time talking about how, you know, really ballooning up
    0:52:31 there, whatever their free thing is.
    0:52:35 And a lot of times it’s, you know, it’s a PDF, maybe it’s a book or something, right?
    0:52:38 All I say is there’s three columns.
    0:52:40 There’s who, what, how.
    0:52:45 And it’s just like, hey, if you’re a business coach and you’re looking to do a what, which
    0:52:53 is use video more effectively in your business and you want the X thing cheat sheet or free
    0:52:56 download or the 30 minute course on something.
    0:53:00 And then I would usually, instead of saying click below for the link, because nowadays
    0:53:06 people don’t like clicking link, I’d say comment X below or share this with a friend.
    0:53:09 These are things that people are more likely to do.
    0:53:13 And besides clicking a link, clicking links is, I don’t know, I think everybody has a
    0:53:18 little bit of a phobia that they’re going to get shot down a rabbit hole or something.
    0:53:23 So I usually get them to comment something that way they’re initiating their reach out
    0:53:24 to me.
    0:53:28 I use that comment as a starting point for what we call the smooth segue, where we segue
    0:53:31 people from viewing to engaging.
    0:53:35 And then you’ll retarget them in the DMs or something like that sounds like I have a conversation
    0:53:38 with them, you know, I just chat and say, Hey, thanks for the comment.
    0:53:40 I think you’re looking for X resource.
    0:53:41 Is that right?
    0:53:42 And they say yes.
    0:53:43 I send it to them.
    0:53:47 Then I’ll probe a little bit into whether I can help them with my business.
    0:53:51 We’ll be right back after a quick break from our sponsors.
    0:53:52 Got it.
    0:54:00 Okay, so moving along your framework, the next piece is the missing link.
    0:54:04 So in your book, you write you’ve got to offer something that’s priceless to your viewer,
    0:54:05 free for you to give.
    0:54:08 That is the missing link between where they are.
    0:54:10 So tell us more about this concept.
    0:54:12 Yeah, between where they are and where they want to be.
    0:54:19 So a lot of times, like if I said to you all of that, you can absolutely earn enough money
    0:54:22 to have a 500 foot yacht.
    0:54:26 Now you might get a picture of yourself cruising this yacht, you know, hanging out with Elon
    0:54:27 Musk and everything.
    0:54:31 And I’m exaggerating here for demonstration purposes.
    0:54:34 But then a lot of people will start dreaming about that.
    0:54:38 But it’s really hard for people to actually identify what are the steps to get there.
    0:54:42 And then I might say, but the thing you’re missing is the right connections to the people
    0:54:46 who can make that happen, the vehicle, which is going to be your business.
    0:54:50 And I’m not sure what I’m making stuff up here, I’m going a little bit farfetched here,
    0:54:55 but you paint the picture of what’s possible and then remind them of where they’re at and
    0:54:58 then talk about the few steps that are in between.
    0:55:02 Now that the thing they never knew they ever always needed can be, for example, a software
    0:55:03 tool.
    0:55:07 It can be a free training or something that you can give infinitely for free without cost
    0:55:08 to give money.
    0:55:09 And that’s what’s important.
    0:55:14 Otherwise, it’s very hard to manage a free marketing with physical products.
    0:55:16 And there are people who have figured that out.
    0:55:21 So an example I gave before was I give them new information.
    0:55:23 And this is back when this is before TikTok really blew up.
    0:55:24 I wrote this book.
    0:55:28 So just for context, I used to say, with the toilet strategy, I said, you know what, when
    0:55:32 60 to 70% of people are sitting on the toilet when they watch video number one, yes, number
    0:55:33 two.
    0:55:36 And I found that if you have captions on the video, then it’s going to make the engagement
    0:55:38 go much higher.
    0:55:39 And I give some stats around that.
    0:55:43 And number three, and you want to put out these videos every single day in order to
    0:55:45 build on that engagement.
    0:55:49 Now they’re everybody’s thinking, I need to create videos with titles on top, captions,
    0:55:51 and I need to make them every day.
    0:55:54 And then I say, I’ve made a free tutorial that will show you how to use some free tools
    0:55:58 and shoot this on your phone and get it done in under three minutes for one minute video.
    0:55:59 Would you like it right now?
    0:56:02 So I gave them information about where they want to be.
    0:56:06 And then they get excited, but they don’t realize that there’s a free tool that’s going
    0:56:07 to help them do it.
    0:56:10 Now everybody wants to download this tool, and I give it to them for free.
    0:56:13 Now you could just go to TikTok and that’ll do it for you pretty much.
    0:56:18 But that’s an example of something that worked pretty well, and give them the information
    0:56:22 and then reveal that there’s a gap and then offered it to them for free.
    0:56:28 So if I was embarking on a video market strategy, I think I would start to think about all of
    0:56:34 my customer pain points and then start to think of many free solutions that I could create.
    0:56:39 I think you call them micro solutions that I could create for free, or it might cost
    0:56:42 me a little money, but I could be able to give it away for free.
    0:56:46 And then you would want to then upsell them to some higher ticket offer once they’re hooked
    0:56:48 in and they got some value from you.
    0:56:49 Exactly.
    0:56:52 Or you just nurture them in your emails until at some point when they’re ready, they’ll
    0:56:53 come to you.
    0:56:56 Just keep writing them in your example.
    0:57:01 What I would do is I would look for research data, like specific data that’s a little bit
    0:57:04 obscure, but that you can apply to what you do.
    0:57:08 You could say something like, did you know that videos that have this certain type of
    0:57:11 animation in the beginning get higher conversions than others?
    0:57:15 Or did you know that there’s four words I use toward the end of all of my call to actions
    0:57:17 that makes the ads convert better?
    0:57:18 I’m not sure what that’s going to be.
    0:57:21 Did you know that when I wear the certain combination of colors, you know, or have this
    0:57:25 kind of guess, or there’s a question I ask whenever I get stuck in a podcast that will
    0:57:29 get the show back on track, then everybody’s just like, what is that question?
    0:57:33 And you say, just DM me question down below, or comment question down below and I’ll send
    0:57:38 you the free three step PDF for all the questions I ask to keep my podcast interviews on track.
    0:57:39 People will go for that.
    0:57:40 They will eat it up.
    0:57:41 I love that.
    0:57:45 And I love that you’re saying, don’t put a link because I’m doing this kind of stuff
    0:57:48 all the time and I find the same thing.
    0:57:52 When you just give somebody an action like comment, it’s less salesy, I guess, and people
    0:57:54 get scared of the sales language.
    0:57:58 Here’s what’s important is you give them a specific word to comment.
    0:58:02 And if you say, you know, like if it’s a three step process, you say comment three below.
    0:58:05 If it’s a conversion process, say comment, conversion below.
    0:58:08 Now it’s meaningful and it’s intentional.
    0:58:14 And when you DM them, then there’s no question about why they commented something like you
    0:58:15 could jump right into that conversation.
    0:58:19 Hey, great, it looks like you’re trying to come raise conversions and you’re looking
    0:58:20 for my tool.
    0:58:21 Is that right?
    0:58:22 Yes.
    0:58:23 Great.
    0:58:24 Here it is for free.
    0:58:25 And then you could start probing a bit.
    0:58:26 Okay.
    0:58:27 So let’s talk about smooth segues.
    0:58:29 This is the last part of your funnel.
    0:58:32 What do we need to know about this part of the process?
    0:58:37 This is where you take people from passively viewing to actively engaging.
    0:58:42 And we’re segueing from someone doom-scrolling, randomly fighting your video.
    0:58:47 And just like we described earlier, they’re going to engage with you, but the conversation
    0:58:49 has what I call three stoplights, right?
    0:58:50 Three hills, right?
    0:58:53 The first one is permission to share.
    0:58:57 So first they’re going to have asked for something and you’re going to say, hey, confirm that
    0:58:58 they actually want it.
    0:59:01 Some people just randomly comment stuff and they’re not really engaging, right?
    0:59:04 And you don’t go further until they say, yes, I want it.
    0:59:05 Say, great, you give it to them.
    0:59:08 Now it’s a bit of an uphill to get there.
    0:59:10 Like you’re making a bit of effort.
    0:59:13 Like, hey, Hala, thanks so much for the comment on the video.
    0:59:14 Get them to respond.
    0:59:15 Right?
    0:59:16 If they don’t respond, then it’s a dead conversation.
    0:59:18 I saw you commented three.
    0:59:21 I think you want my three step resources to achieve play.
    0:59:22 Is that right?
    0:59:23 Yes.
    0:59:24 So you take number one.
    0:59:30 Number two is you want to share some examples of other people who are in the same boat as
    0:59:31 a person you’re having a conversation with.
    0:59:33 Hey, I worked with so-and-so and I had these kind of results.
    0:59:36 Would you like to see a case study on that?
    0:59:39 Now they’re starting to buy into the vision of what’s possible for them, but you’re doing
    0:59:40 it indirectly with someone else.
    0:59:42 If they say, yes, you send them some information.
    0:59:48 And the third one is really getting permission to actually send them a way to have what I
    0:59:52 want to conversation with if that is what your sales process is.
    0:59:53 And that might be with your sales team.
    0:59:56 It might be with somebody else who’s prospecting.
    1:00:01 But you got to have a conversation flow that follows these three frameworks, because if
    1:00:04 you don’t get permission at these three steps, a lot of people skip ahead and they, you know,
    1:00:11 you’ve seen these DM pitches and man, that just nothing clogs up my, I call it constipation.
    1:00:15 What you’re doing is clogging up their system with big chunks of lumpy text and it’s like,
    1:00:16 come on.
    1:00:17 And it’s copy pasted.
    1:00:19 It’s not at all authentic.
    1:00:23 So you want to break it up into small bits, have conversations, make sure that they’re
    1:00:28 engaging back and then just remember what those three checkpoints are and you’re good
    1:00:29 to go.
    1:00:30 This is such great advice.
    1:00:35 I’m actually really excited to dig deeper into your work and see what I can leverage
    1:00:37 for my business.
    1:00:41 So I know that we discussed different iPhone hacks and that’s great for people who are
    1:00:45 on a budget, but in terms of people who have more budgets to spend and really want to level
    1:00:48 up, they’re on the go video marketing.
    1:00:52 I know you have go box studio, I just want to share a story in terms of how I found out
    1:00:53 about it.
    1:01:00 I was at a podcast conference and I see this like really cool suitcase looking thing with
    1:01:03 two lights and a fancy camera.
    1:01:07 And one of my friends was actually manning the booth and he helped build the studio.
    1:01:11 And I walk up to him, his name’s Jeanade and I’m like, what is this?
    1:01:17 This is the solution that I’ve been looking for as an influencer because historically to
    1:01:22 record my podcast, if I was going to conferences and things like this, it was like lugging
    1:01:28 around two mics, lights, stands for my mics, a computer.
    1:01:33 It was just too much work and I would often avoid it, which meant that I would like have
    1:01:37 breaks in my schedule and it would be really tough to travel as a podcaster and having a
    1:01:38 number one show.
    1:01:40 I can’t just like not put out an episode, right?
    1:01:43 So I loved it and I was like, sign me up.
    1:01:47 I want to be an ambassador, whatever I can do because I knew that this was a pain point
    1:01:51 that a lot of people, especially business influencers, were probably experiencing.
    1:01:56 So I’d love to understand the genesis of this and more about this product.
    1:02:01 I’ve been creating digital media for my clients for several years since 2016.
    1:02:06 And somebody who is in a lot of the same circles as me, he reached out to me.
    1:02:10 His name is Alex Hormozzi and he said, can I hear you’re the guy who’s good at video?
    1:02:14 And I said, yeah, I’ve heard that once or twice and he says, could you create something
    1:02:16 for me where I can take my stuff on the go?
    1:02:20 I’ve got a great studio set up at home, but I’m about to go on vacation, I need something
    1:02:21 to take with me.
    1:02:26 At first I said, no, he’s a very persuasive guy and that’s probably why he makes a hundred
    1:02:28 million dollars.
    1:02:34 And he got me to build him a prototype and I sent it over.
    1:02:35 He loved it.
    1:02:38 And this is about 18 months ago when he first started his YouTube channel.
    1:02:42 I think it was already going, but not really as regularly as it is now.
    1:02:43 He loved it.
    1:02:44 He started using it.
    1:02:48 He was shooting his YouTube videos with it and then he snapped a photo on Instagram and
    1:02:51 he’s put it in his story and he got about 5,000 comments.
    1:02:53 Most of them are saying, where can I buy one of these?
    1:02:58 So he calls me up and he says, Ken, I think you should make a business out of this.
    1:03:02 And at that point I had no intention of starting a hardware business, but he planted that seed
    1:03:06 and then I started making more iterations on this, sending it to my clients.
    1:03:09 The kind of people who are sending us videos and a lot of times the videos without due
    1:03:14 respect were shit and we had to go and, you know, like get very creative about making
    1:03:15 them look good.
    1:03:20 But once we started sending these kits, they started sending us amazing 4k crisp video,
    1:03:22 much like the quality you’re seeing with me right now.
    1:03:23 So we just kept iterating.
    1:03:28 Our clients gave us suggestions, ideas, requests, and we just kept adding or subtracting things
    1:03:30 to make it what it is.
    1:03:36 And in October, 2022, I’ve been working on this for almost a year and I had to decide
    1:03:40 is this a hobby or is this business?
    1:03:44 So I didn’t want to guess for the rest of my life if this was going to take off.
    1:03:50 So I went and rented a sponsored booth at an event in San Diego, was targeted at agency
    1:03:55 owners and our booth was completely packed the whole time.
    1:03:57 Everybody around us was complaining that they had no foot traffic.
    1:04:00 We had a crowd constantly.
    1:04:06 We had sold, I think, 25 of these units and that’s like a quarter million dollars.
    1:04:08 And I was like, okay, I think it’s a business.
    1:04:12 So I went back and started restructuring things and thinking about how can I get this to more
    1:04:14 people and help more people with this tool?
    1:04:19 Yeah, it’s an amazing tool and I’m very excited to have my own Go-Box studio.
    1:04:20 So thank you.
    1:04:21 Okay.
    1:04:27 So as we close out this interview, I thought it’d be really fun to do something quick fire.
    1:04:31 So it turns out your video marketing funnel could be used as a diagnostic tool.
    1:04:35 And so I’m going to list out some common problems that people face and you tell me where the
    1:04:38 issue is in the funnel and what we can do about it.
    1:04:39 Okay?
    1:04:40 Oh boy.
    1:04:41 You’re putting me on the spot.
    1:04:42 Let’s see.
    1:04:43 Let’s go for it.
    1:04:44 Oh, you’re going to crush it.
    1:04:45 Come on.
    1:04:46 Views are low.
    1:04:47 Well, that could be a whole number of things.
    1:04:51 But the first thing I would look at is what’s the opening statement?
    1:04:52 What’s going to get people in?
    1:04:54 I’d look at the thumbnail, the hooks.
    1:04:57 As a view, just three seconds counts as a view on most platforms.
    1:05:00 So if they can’t keep them for three seconds, a lot of times it’s a title, it’s a thumbnail.
    1:05:02 And that’s the first thing I’d go into tweaking.
    1:05:07 So I would look historically at what did the best among your previous stuff and then look
    1:05:11 at how can we use more of that and then expand on it.
    1:05:12 Love it.
    1:05:14 Retention is poor.
    1:05:16 So that usually means that your hook sucks.
    1:05:20 Like you didn’t promise them something later on to give them a reason to stay.
    1:05:24 Watch Mr. Beast. He always talks about what is going to happen as a result of watching
    1:05:27 his roughly 10-minute episodes.
    1:05:31 So that’s pretty important is he set them up for a reward at the end, then they’ll stick
    1:05:32 through.
    1:05:33 Low engagements.
    1:05:35 They don’t comment and like.
    1:05:36 Yeah.
    1:05:39 No compelling reason to engage.
    1:05:41 Maybe you didn’t even tell them to.
    1:05:43 So there’s two ways.
    1:05:44 Outrageous content.
    1:05:46 That’s humor or something shocking.
    1:05:48 People love sharing that.
    1:05:51 I don’t suggest doing that too much otherwise you could go down a rabbit hole there, a dark
    1:05:55 rabbit hole, but just remind people why they should comment.
    1:05:59 Hey, comment, agree down below if you think that this is something you agree with.
    1:06:01 And if it’s something important you share, then they will.
    1:06:03 No converting customers.
    1:06:07 That’s your smooth segue, you know, like you got to take people from passive viewing
    1:06:09 to active engagement.
    1:06:12 And then that’s the segue point that would get people to convert.
    1:06:13 Amazing.
    1:06:16 Well, Ken, you dropped so many gems.
    1:06:19 I think everybody’s going to have a page of notes after this interview.
    1:06:21 Thank you so much for your time.
    1:06:23 We asked two questions to all of our guests at the end of the show.
    1:06:29 The first one is, what is one actionable thing our young and profitors can do today to become
    1:06:31 more profiting tomorrow?
    1:06:33 Pick up your phone, shoot a video, upload it.
    1:06:38 Don’t even look at it because it’s the compounding effect of doing it daily.
    1:06:39 That gets good.
    1:06:41 I say it’s not quality or quantity.
    1:06:43 It’s quantity that creates quality.
    1:06:45 You put in the reps, you get good.
    1:06:48 You get good at speaking by speaking, you get good at running by running, you get good
    1:06:49 at video by doing video.
    1:06:50 So that’s one.
    1:06:51 There’s two.
    1:06:56 I think the second thing is stop looking at your competition because everybody who’s
    1:07:02 very successful, including you, Allah, didn’t start with where they’re at now.
    1:07:04 They started with something else and they evolved to that.
    1:07:09 And if you try to skip steps, your trip, I’ve seen it happen too many times, find your
    1:07:14 own path, even though it may be a bit scary because there’s no blueprint.
    1:07:17 But that’s the way every single person who’s doing it really well right now, they’ve done
    1:07:18 it.
    1:07:19 They found their own blueprint.
    1:07:21 They created their own blueprint, found their own path.
    1:07:24 So stop looking at the leaders and mimicking them.
    1:07:25 Get inspired with them.
    1:07:26 Don’t mimic them.
    1:07:28 That’s great advice.
    1:07:31 The last question is what is your secret to profiting in life?
    1:07:34 And this can go beyond financial video.
    1:07:36 It could just be anything.
    1:07:39 I think you got to design your career around your non-negotiables.
    1:07:43 I quit my seminar business because it wasn’t satisfying me.
    1:07:47 So I decided on five non-negotiables and built my current agency around that.
    1:07:49 Number one is I need to have cameras around me.
    1:07:53 Number two, I wanted to have a very stable income.
    1:07:55 So recurring revenue business.
    1:07:57 Number three, I wanted to travel.
    1:08:00 Number four, I wanted to continue hanging out with the caliber of speakers I had on my
    1:08:02 stage by making them my clients.
    1:08:07 And number five is I wanted the freedom to leave my family as much as I wanted.
    1:08:11 So when I decided those, it was no longer what can I do that’s going to make money.
    1:08:13 It’s like, what business can I invent?
    1:08:16 That will satisfy these five non-negotiables.
    1:08:19 So if you figure out your non-negotiables, design your business around those.
    1:08:23 And then I think that you end up a lot happier in the long run.
    1:08:24 That’s beautiful.
    1:08:25 Thank you so much, Ken.
    1:08:28 Where can our listeners find more about you and the things that you do?
    1:08:31 I think the best place to find me on Facebook, Ken Okazaki.
    1:08:35 But just look up at Ken Okazaki on any platform you’ll find me.
    1:08:38 Or head on over to our website, 20xagency.com.
    1:08:40 That’s where we do all the services for our clients.
    1:08:44 If somebody wants to buy Go Box Studio, where can they go?
    1:08:48 So we do have a special deal, which is only that you can only get with Hala.
    1:08:49 Ooh.
    1:08:52 Go to goboxstudio.com/yap.
    1:08:56 And then you’ll see the special deal we created just for the listeners of this podcast.
    1:08:57 Amazing.
    1:08:59 And I’ll stick all those links in the show notes.
    1:09:00 Thanks again.
    1:09:01 Really appreciated having you on.
    1:09:02 Amazing.
    1:09:03 Thank you so much.
    1:09:03 I enjoyed it.
    1:09:04 Thanks.
    1:09:05 Bye.
    1:09:05 Bye.
    1:09:15 [Music]
    1:09:25 [BLANK_AUDIO]

    Ken Okazaki first got the bug for producing videos when he was a teenager. Years later, he went into the event business where his job was to “get butts in seats.” Every day, he was surrounded by crew, equipment, sets, and gear. Ken decided to pivot, take the video marketing part of the business, and start his own video marketing company. In this episode, Ken will teach you the skills that optimize video content to gain more views, leads, and sales. He will also break down his 7-Figure Video Funnel Framework. 

    In this episode, Hala and Ken will discuss: 

    (00:00) Introduction

    (01:39) Leaving Home at 17

    (03:09) Ken’s Exciting Start in Video

    (07:36) Are You a Video Dabbler, Part-timer, Pro, or Rockstar?

    (09:51) Tips for Looking Your Best in Videos

    (13:33) The Eye Contact Hack for Better Engagement

    (15:13) Bringing Life to Your Videos with Movement

    (16:56) iPhone Lighting Hacks 

    (17:51) What Is the Toilet Strategy?

    (22:49) Ken’s 7-Figure Video Marketing Funnel

    (26:50) Grabbing Attention with the ‘Hockey Puck’ Title Strategy

    (28:37) Crafting Magnetic Hooks

    (30:42) Using AI for Video Content

    (31:58) The HILDA System for Locking in Engagement

    (38:44) Delivering Value Like a Pro

    (43:12) Breaking Down the Video Marketing Funnel

    (53:37) Common Funnel Problems

    (55:40) Key Takeaways from Ken

    Ken Okazaki is the head of Oz Media Global and loves helping businesses plan, optimize, and launch their video campaigns. He offers done-for-you video agency services and done-with-you video coaching programs. He also specializes in helping promote and market personal brands. Through working with him, his clients have generated millions of dollars in extra profit from video marketing. As a side benefit of working with world-class clients who are household names, he’s been able to take what’s working for them and systematize the process to help businesses of all sizes.

    Connect with Ken:

    Ken’s Website: https://kenokazaki.com/

    Ken’s LinkedIn: https://www.linkedin.com/in/video-marketing-coaching/

    Ken’s Instagram: https://www.instagram.com/kenokazaki/

    Ken’s Facebook: https://www.facebook.com/kenokazakipage

    Sponsored By:

    Fundrise – Add the Fundrise Flagship Fund to your portfolio in minutes at https://fundrise.com/PROFITING 

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    Working Genius – Get 20% off the $25 Working Genius assessment at https://www.workinggenius.com/ with code PROFITING at checkout

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    Teachable – Claim your free month of their Pro paid plan at https://teachable.com/ with code PROFITING

    Airbnb – Your home might be worth more than you think. Find out how much at airbnb.com/host

    Resources Mentioned:

    Ken’s Book: The 7-Figure Video Funnel: https://www.amazon.com/Figure-Video-Funnel-ultimate-marketing/dp/B09KN7ZQM5 

    Ken’s Video as a Service Agency: https://20xagency.com/

    Go to youngandprofiting.co/goboxstudio and use coupon code YAP for a 10% off discount!

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

    Top Tools and Products of the Month: https://youngandprofiting.com/deals/ 

    More About Young and Profiting

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    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

    Instagram – instagram.com/yapwithhala/

    TikTok – tiktok.com/@yapwithhala

    Twitter – twitter.com/yapwithhala

     

    Learn more about YAP Media’s Services – yapmedia.io/

  • Dr. Anthony Youn: The Five Pillars of Staying Younger for Life | E315

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:45 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:08 As always, you can find all of our incredible deals in the show notes.
    0:01:12 You can use your body’s own regenerative abilities to turn back the clock.
    0:01:16 It’s a concept called auto-juvenation, and there are five things really that if you
    0:01:20 do really focus on that, you can look five to ten years younger.
    0:01:22 Guess my age.
    0:01:23 27?
    0:01:24 Oh my gosh.
    0:01:30 I feel like I have so much advantage in the business space because I look younger.
    0:01:34 There are so many people who do find that when they look in the mirror and they feel better
    0:01:37 about themselves, that that can really impact their job performance.
    0:01:41 You are a huge TikTok star, so over 8 million followers.
    0:01:45 How can we leverage social media without it being about what we look like?
    0:01:46 What it comes down to is…
    0:02:05 Young and Profiters, we have an amazing episode for you today.
    0:02:06 It’s very unique.
    0:02:10 We’re going to be talking about how we can be younger for life, how we can be young
    0:02:13 and profiting forever.
    0:02:17 And we’ve got the best guest to talk about it today, Dr. Anthony Yoon.
    0:02:21 Dr. Anthony Yoon is a plastic surgeon, and he’s also a social media star.
    0:02:25 He’s got over 10 million followers across all of his different platforms.
    0:02:28 He’s got 8 million followers on TikTok alone.
    0:02:33 So first, I’m going to pick his brain about how his personal brand really helped to expand
    0:02:36 his business and create multiple revenue streams.
    0:02:41 We’re going to learn about how he uses edutainment to attract new followers and how he expanded
    0:02:46 his successful career as a doctor to now live a more fulfilling life for himself.
    0:02:50 We’re also going to talk about how we can look younger from the inside out, the importance
    0:02:56 of food and exercise, as well as the different topical treatments that we should be using
    0:02:59 to look 5 to 10 years younger at any given time.
    0:03:04 I can’t wait to dive into this topic because I personally have such a passion for skincare
    0:03:05 and know a lot about it.
    0:03:11 And Dr. Yoon does such a great job of giving really hard information in a fun and engaging
    0:03:12 way.
    0:03:13 So I think this is going to be a really enjoyable listen.
    0:03:16 Without further ado, here’s my conversation with Dr. Yoon.
    0:03:20 Anthony, welcome to Young and Profiting Podcast.
    0:03:21 Thank you so much for having me, Hala.
    0:03:23 I appreciate it.
    0:03:26 I am so looking forward to this conversation.
    0:03:28 I am a skincare fanatic.
    0:03:30 So I love talking about skincare.
    0:03:32 This podcast is Young and Profiting.
    0:03:36 So we want to look as young as possible for as long as possible.
    0:03:39 So you are the perfect guest to have on the show.
    0:03:42 And so I really want to focus this episode on two main parts.
    0:03:47 Number one is your career and your career journey as a holistic plastic surgeon, how
    0:03:51 you got there, some of the lessons that you’ve learned along the way.
    0:03:56 And then I want to talk about how we can look and feel our best, how we can be younger
    0:03:57 for life.
    0:03:58 Sounds great.
    0:03:59 Okay.
    0:04:02 So I loved learning how you first got interested in plastic surgery.
    0:04:08 And I did find out that in your teenage years, you had a very personal experience with a major
    0:04:10 plastic surgery makeover.
    0:04:14 So tell us about what you were like in your teens and what that experience was like for
    0:04:15 you.
    0:04:16 Yeah, Hala.
    0:04:17 So thank you.
    0:04:19 Basically, I grew up in a small town in the middle of Michigan.
    0:04:20 We’re the only Asian family.
    0:04:22 So my parents immigrated from Korea.
    0:04:23 My dad’s a physician.
    0:04:26 He’s an obstetrician gynecologist.
    0:04:30 And I developed and I think it was honestly a mutation because there’s nobody in my family
    0:04:32 that’s ever had this before.
    0:04:37 But when I got into high school, my jaw started growing and growing and growing and it wouldn’t
    0:04:42 stop growing to the point where I graduated high school and my jaw stuck out so much that
    0:04:46 I could stick my tongue through the gap between my bottom and my front teeth.
    0:04:48 My jaw stuck out that far.
    0:04:53 And so I ended up having orthognathic plastic reconstructive surgery where they broke my
    0:04:55 jaw, set it back.
    0:05:01 They wired it shut for six weeks and that profoundly changed how I looked.
    0:05:03 And in the end, how I felt about myself.
    0:05:09 And so that really was the starting point for me of my journey into realizing that making
    0:05:15 changes to your appearance can really profoundly impact your self-esteem, your self-identity,
    0:05:17 how you carry yourself.
    0:05:21 And that set me on the path to going into the field of plastic surgery.
    0:05:26 How do you feel that that surgery impacted your future career-wise?
    0:05:30 Do you think you would be as successful as you are today had you not have gotten that
    0:05:31 procedure?
    0:05:35 No, because people would walk into my office, they would see me and go, “Well, if he didn’t
    0:05:38 get anything done, why should I get something done?”
    0:05:39 And they would leave.
    0:05:41 It’s an unfortunate statement on society.
    0:05:47 I mean, I joke about that, but there is truth to it in that how you look, especially as
    0:05:52 a plastic surgeon, does make a difference in how your patients look at you.
    0:05:58 And even if they decide to choose you as their doctor, that being said, being a male plastic
    0:06:01 surgeon is very different than being a female plastic surgeon.
    0:06:06 I go to my meetings and you see plastic surgeons who are in their 60s and 70s, they’ve had
    0:06:08 male docs who’ve had nothing done.
    0:06:10 They look kind of dumpy.
    0:06:15 They may be wearing really baggy, loose clothing and then I’ve got tennis shoes on with suits.
    0:06:21 And then you see their wives who sometimes are younger than them, who are very well made
    0:06:22 up.
    0:06:25 You see female plastic surgeons, they don’t show up looking like that.
    0:06:31 There is definitely an unfortunate statement on society where men can let themselves go
    0:06:37 to an extent and people overlook it in a very different way than if that happens to a woman.
    0:06:38 Totally.
    0:06:39 Yeah.
    0:06:43 I mean, that’s a whole other conversation, but it’s so true.
    0:06:47 It’s like women are judged so much harder, whereas men, you’re like, “Oh, he must be
    0:06:50 really smart and I want this smart guy to do my surgery.
    0:06:51 I don’t care what he looks like.”
    0:06:52 Exactly.
    0:06:56 You see some of the plastic surgeons I trained under and you just wonder, “Why don’t you
    0:06:58 do some of your own medicine?”
    0:07:02 Because man, but it’s just the way the world is right now.
    0:07:03 Totally.
    0:07:07 So for me, having that operation did really change how I looked at myself and so now I’ve
    0:07:14 dedicated my life to helping people to feel good about themselves, but using invasive
    0:07:17 procedures like that only as a last resort.
    0:07:22 I can’t wait to pick your brain about holistic plastic surgery, what that all means.
    0:07:24 But first, you are a huge TikTok star.
    0:07:29 So over 8 million followers, you’ve got over a million followers on Instagram, we’ve done
    0:07:31 such an incredible job.
    0:07:35 At what point in your career where you’re like, “Okay, I’m going to just embrace social
    0:07:37 media and make it a priority?”
    0:07:40 My career has undergone a lot of different changes.
    0:07:43 So when I first started my practice, I basically moved to Michigan.
    0:07:46 I did a fellowship actually out in Beverly Hills, which is like an apprenticeship.
    0:07:50 So I worked under one of the top plastic surgeons out there and he actually offered me a job
    0:07:51 and said, “Hey, stay here.
    0:07:52 We’re in Beverly Hills.
    0:07:55 It’s one of the top practices here.
    0:07:57 Join me and we’re going to take over the city.”
    0:07:59 And honestly, it was quite enticing.
    0:08:02 You look at it as such a great place to operate.
    0:08:04 You got celebrities coming in all the time.
    0:08:07 But the thing that I felt that I didn’t like was it really wasn’t me.
    0:08:12 I grew up in a small town in the Midwest and honestly, Beverly Hills Plastic Surgery was
    0:08:13 just all about the money.
    0:08:16 And for me, I felt that there was more to it than that.
    0:08:17 And so I ended up moving back to Michigan.
    0:08:22 I started up my own practice in the outskirts of Detroit, suburbs of Detroit where my wife’s
    0:08:26 parents live and my practice did not do well initially.
    0:08:28 I had no patience.
    0:08:32 And then all of a sudden, when I was out in Beverly Hills, we filmed an episode of Dr.
    0:08:34 90210 back then.
    0:08:38 Now, Dr. 90210, you may be too young to remember this, but this is one of the first plastic
    0:08:40 surgery reality shows.
    0:08:46 It was on the E Network and every episode that aired, they would re-air it hundreds of times.
    0:08:50 And this was back before you were doing a lot on social media and stuff.
    0:08:51 And so my practice started.
    0:08:52 I had no patience.
    0:08:53 Then this episode airs.
    0:08:59 I’m literally in it for two minutes where they introduced me and then I leave.
    0:09:03 And the doctor, though, in that literally two minutes I’m in, said that he’s moving
    0:09:05 to Rochester, Michigan.
    0:09:09 I made him an offer he couldn’t refuse and he refused it.
    0:09:14 And the next day after that episode aired, my practice exploded and that buoyed my practice
    0:09:15 for years.
    0:09:20 And so then I parlayed that appearance on Dr. 90210, literally two minutes into eventually
    0:09:24 doing a lot of national television shows like the Rachel Ray Show, Dr. Oz.
    0:09:28 That was on those shows some of them dozens of times.
    0:09:33 But kind of like an actor who starts realizing that the roles are going to younger, better-looking
    0:09:35 people at some point.
    0:09:38 I reached that point where the producers weren’t calling me as much.
    0:09:42 They’re picking other doctors who are once again younger and better-looking than me.
    0:09:46 And I realized I had to pivot because that was drying up.
    0:09:48 And that’s when I started looking at social media.
    0:09:50 I teach social media.
    0:09:51 So I teach people how to grow on LinkedIn.
    0:09:53 I’m a big LinkedIn influencer.
    0:09:57 And one of the biggest pushpacks that I get is that they’re like, “Well, Holly, you’re
    0:09:58 like a pretty girl.
    0:10:01 Of course you have social media followers.
    0:10:03 What about if we’re not attractive?”
    0:10:07 And I always tell them it has nothing to do with what you look like.
    0:10:11 So Anthony, you’re an attractive guy, but you’re not Bella Hadid, right?
    0:10:13 And I’m not Bella Hadid either.
    0:10:17 So talk to us about why it doesn’t really matter about your looks, and especially when
    0:10:23 you are owning a business or you have a professional service, how can we leverage social media
    0:10:26 without it being about what we look like?
    0:10:33 I am 51 years old, and I know that there are a lot of better-looking, more muscular plastic
    0:10:35 surgeons who are on social media than I am.
    0:10:39 Yet why do I have more followers than any other plastic surgeon in the country?
    0:10:40 It’s crazy.
    0:10:42 That’s right, for God’s sakes.
    0:10:46 And really, I think what it comes down to is I started focusing on social media probably
    0:10:52 back in 2017, 2018, and I was doing Facebook and Twitter and that stuff, and it was doing
    0:10:58 okay, but it wasn’t until 2019 and then 2020 when the pandemic hit.
    0:11:03 I was one of the first OG kind of influencers, physicians on TikTok.
    0:11:07 The pandemic hits, everybody is at home, and my practice closed for two and a half months.
    0:11:10 Now, at the time, I had no idea how long it was going to be closed for.
    0:11:14 I mean, it was a crazy, scary time for so many of us.
    0:11:17 And I realized at that point that I needed to do something to help people.
    0:11:22 I volunteered at my local hospital if they needed me, but God forbid if it’s a pandemic
    0:11:26 and you need a plastic surgeon to come in to treat your patients, it’s got to be the
    0:11:28 end of the world type of situation.
    0:11:32 So thank God we didn’t get to that point, but I wanted to do something to help people,
    0:11:36 and I realized that I don’t have to put stuff out there to try to get patients to come in
    0:11:38 my office because it was closed.
    0:11:43 So I just started creating content that for me, I thought was fun, that was entertaining,
    0:11:46 that was interesting, that was maybe educational, but not always.
    0:11:51 But that could even just help people pull themselves out of that horrible, crazy, scary
    0:11:56 time for 10 seconds, 20 seconds, five minutes, whatever it was, that’s what I ended up trying
    0:11:59 to create, and that was when everything exploded.
    0:12:05 It was when I stopped worrying about being a “plastic surgeon” that everything really
    0:12:06 exploded for me.
    0:12:11 Part of it was that people saw, number one, I’m doing my own social media.
    0:12:15 The posts weren’t made by somebody else, they were made by me.
    0:12:16 It was obviously me doing it.
    0:12:21 And then number two, I wasn’t worried about having to say certain things, say things the
    0:12:22 right way.
    0:12:26 I don’t curse much, but every once in a while you throw something like that in if that’s
    0:12:30 really natural to you, and that’s really when things did really well.
    0:12:34 I love it that you infuse humor into your content.
    0:12:39 You have this fake feud with, I think, your best friend, Dr. Lee, which I just always think
    0:12:42 is so hilarious when you do those posts.
    0:12:47 So talk to us about the importance of infusing humor along with educating, because I know
    0:12:51 a lot of people are learning from you, too, but they’re also laughing with you.
    0:12:57 Yeah, I think really what it comes down to is you have to look at it as edutainment.
    0:13:02 So anybody can follow 50 other plastic surgeons who will talk about where the scars go if you’re
    0:13:06 going to get a tummy tuck, or what are the risks of having a face of surgery.
    0:13:08 And it gets boring after a while.
    0:13:11 So really, I think if you’re looking at it as a true creator, and I think there’s a
    0:13:18 difference between being a content creator and a physician who has an Instagram account.
    0:13:20 There’s a huge difference there.
    0:13:22 The way I look at it is that I’m a content creator.
    0:13:26 I’m creating content, and it is a creative process.
    0:13:32 It’s not here, my before and after photos, or, hey, let me read basically a blog article
    0:13:33 that I wrote.
    0:13:34 It’s no.
    0:13:38 Let me create content that’s going to cause you to be entertained, that’s going to actually
    0:13:41 draw you in, and that maybe, yeah, you can learn a little bit from.
    0:13:46 But honestly, sometimes the learning aspect of it is secondary to just engaging with somebody.
    0:13:51 And so I think that really is key, is number one, looking at yourself as a content creator,
    0:13:57 not as a business person who has an Instagram account or a TikTok account.
    0:14:03 Totally. I love that advice, and I’d love to get a behind-the-scenes look at your huge
    0:14:04 influencer.
    0:14:06 You’re competing with huge celebrities.
    0:14:07 It’s true, though.
    0:14:09 Eight million followers on TikTok is nothing to sneeze on.
    0:14:12 You are literally competing with top celebrities.
    0:14:17 How has that actually impacted the finances of your business?
    0:14:18 Have you been able to charge more?
    0:14:20 Do you just have a waiting list of clients?
    0:14:23 How has that impacted your business?
    0:14:28 So the way I look at everything is we’re looking at it from a multiple streams of income and
    0:14:33 looking at it as trying to develop streams of income that are passive, which you have
    0:14:35 been great at teaching your followers about.
    0:14:39 And so, yes, when you look at the streams of income that I have for myself personally,
    0:14:43 I’ve got my own medical practice, so I still operate two days a week.
    0:14:46 I have a full-time medical practice, so that’s one stream of income.
    0:14:51 I also have extenders, physician assistants, nurses, aestheticians.
    0:14:54 So that’s another stream of income for my practice.
    0:14:57 I have a stream of income, then, for social media.
    0:15:01 I get paid by certain social media companies like YouTube and TikTok.
    0:15:03 Instagram literally pays me $20 a month.
    0:15:04 It’s crazy.
    0:15:05 That’s all they pay.
    0:15:06 And that’s not as much as it used to be.
    0:15:11 At one time, it was a lot more than that, but I also have my own skincare company, and
    0:15:14 I do brand deals, so the brand deals have become a big part of it.
    0:15:19 So where, let’s say, the social media companies maybe don’t pay like they used to, like TikTok.
    0:15:23 I make up for that with the sponsored posts that I do.
    0:15:25 And I turn down a lot more than I say yes to.
    0:15:28 And so then I have, like I said, my own skincare line called You and Beauty.
    0:15:30 We have skincare and supplements.
    0:15:35 That’s a big part of another mode of income that we have, stream of income.
    0:15:39 And then those are the main things that I can think of just offhand.
    0:15:42 When most physicians, they look, and we go to our meetings, and they talk about you have
    0:15:45 your practice consultants, and you know what they talk about?
    0:15:47 They talk about how do you convert more patients to have surgery?
    0:15:49 How do you get more patients in the door?
    0:15:50 “Hella, I’ve got a two-year waiting list.
    0:15:53 I don’t want more patients necessarily calling me.
    0:15:56 I don’t need that, because it’s already a huge waiting list.
    0:15:58 Then how do I impact people and help people?”
    0:16:02 And then at the same time, profit myself off of that.
    0:16:03 So good.
    0:16:04 It’s so inspiring.
    0:16:08 I’m sure there’s so many people out there that are doctors, lawyers, accountants.
    0:16:14 They’ve got professional services, and it’s like you can parlay your experience into an
    0:16:19 online brand and then monetize that online brand and have multiple revenue streams, like
    0:16:20 you mentioned.
    0:16:25 So I didn’t hear you say that you’re monetizing your podcast, and you are speaking to the
    0:16:29 podcast princess, so if you need support monetizing your podcast, let’s definitely talk about
    0:16:30 it.
    0:16:31 We are working on that.
    0:16:36 So yeah, what happened is I had my book come out in January, Younger for Life, and I’ve
    0:16:40 had a podcast for many years, but honestly, when my YouTube and all my video stuff exploded,
    0:16:43 I kind of put the podcast a little bit on the back burner.
    0:16:45 I still did it here and there and stuff.
    0:16:50 And then once my book came out, I started really looking at what media in general, what
    0:16:54 was going on with the whole media landscape in general.
    0:16:58 And I realized that I really need to refocus on the podcast because there’s so many people
    0:16:59 that are listening.
    0:17:00 I listen so much.
    0:17:05 It’s just for years, I thought that maybe I could do better with the video stuff, but
    0:17:06 now the video stuff is doing so well.
    0:17:07 It’s like, “Hey, you know what?
    0:17:09 I’ve got a little bit of extra time.
    0:17:11 Let me focus more on the podcast.”
    0:17:13 So we are looking now at monetizing it.
    0:17:14 It’s been growing.
    0:17:19 It’s back to much better than even where it was before I started taking time off of it.
    0:17:20 And that’s a really exciting thing.
    0:17:22 You just mentioned time.
    0:17:23 You’ve got some time.
    0:17:27 A lot of business owners who want to grow a personal brand online, they’re like, “Well,
    0:17:28 I don’t have time for that.
    0:17:29 I’m not an influencer.
    0:17:30 I’m an entrepreneur.”
    0:17:36 Talk to me about how you actually make time for your content while balancing being an author,
    0:17:38 a podcaster, a doctor.
    0:17:43 So I think that you have to look at it as these are things that you need to love to
    0:17:44 do.
    0:17:47 So for example, for me, I operate every Tuesday and Thursday.
    0:17:49 I see patients every Monday and Wednesday.
    0:17:51 And I used to operate Friday mornings.
    0:17:52 Technically, I started my practice.
    0:17:53 I used to operate all day Fridays.
    0:17:58 And gradually I brought that down to the point where I was just operating a few hours in
    0:18:02 the morning and then doing podcasting and social media and video creation and writing
    0:18:04 books and all that stuff after that.
    0:18:09 But then I realized in the end that if I get up an hour earlier on Thursday, that can make
    0:18:12 up for some lost time on the time I’m operating on Friday.
    0:18:14 I’ll just do a little bit more on a Thursday.
    0:18:19 And now I dedicate all my Fridays to essentially podcasting and content creation.
    0:18:24 And then at the same time, what I’m finding is as I’m doing more and more of the social
    0:18:28 media and the podcasting and the YouTube and all that type of stuff, I’m able to charge
    0:18:30 more for my surgeries.
    0:18:35 I don’t take insurance anymore, and so I can really charge what I want.
    0:18:39 And that has allowed me to operate less yet still make the same or more than I did when
    0:18:42 I operated an extra day.
    0:18:44 And now I spend that extra day doing other things.
    0:18:45 I still love treating patients.
    0:18:49 I love operating, but I also love a variety.
    0:18:54 If I was one of those physicians that saw 60 patients a day, five days a week, year after
    0:18:55 year after year, I would burn out.
    0:18:57 It’s just not my thing.
    0:19:00 I love doing a lot of different things, especially the creative stuff.
    0:19:04 And so that’s allowed me to essentially add the creative parts in and actually in the
    0:19:07 end make more money by doing that.
    0:19:11 This is so great because I feel like a lot of people that are tuning in, they probably
    0:19:17 feel like handcuffed to their great professional services job, but you show that you can explore
    0:19:24 being creative, being a content creator, writing, podcasting, teaching others, and do stuff
    0:19:27 outside what you went to school for for 10, 20 years.
    0:19:31 The issue that people have, I think, is that there are so many bright lights out there.
    0:19:34 There’s so many things that you can focus on.
    0:19:38 And people then, they get inspired by listening to say, you know, a podcast and they say,
    0:19:39 well, geez, I want to get on YouTube.
    0:19:40 I want to start my podcast.
    0:19:44 I want to, no, do one thing that you think you’re going to really love.
    0:19:47 If you’re going to get into this, focus on that.
    0:19:49 Do that really, really well.
    0:19:53 And then when that’s successful, then start moving into the other things because I think
    0:19:57 what happens to a lot of entrepreneurs, especially like a physician, is that they see all these
    0:19:59 bright shiny objects.
    0:20:01 They go after all of them at one time.
    0:20:06 They do all of them not so well or half ass all of them, and then none of them really
    0:20:09 become successful, then they get dejected.
    0:20:13 And so my recommendation really for people who are thinking about going into something
    0:20:16 a little bit different is to think about what you like to do.
    0:20:18 And my first love was always video.
    0:20:19 That’s why I focus on that.
    0:20:23 Even though I’ve written four books and I’ve got the podcast, it’s always was a video.
    0:20:26 And then once you really do that well and you’re really enjoying it, if you want to branch
    0:20:32 out by all means do that, but you don’t want to be a jack of all trades master of none,
    0:20:34 you want to start with that one thing that you know you’re going to love that you can
    0:20:37 really excel at and then try to work your way out from there.
    0:20:38 Totally.
    0:20:40 And it’s so important with all these platforms.
    0:20:44 They all have different features and you got to learn the algorithms.
    0:20:48 You just have to figure out how you can get leverage and grow on one platform and focus
    0:20:49 there.
    0:20:50 And that’s a lot of hard work.
    0:20:55 There are unlimited amounts of money and you can hire people, but to your point, you did
    0:20:59 everything yourself and that comes off so authentically, especially for your first main
    0:21:00 channel.
    0:21:02 It’s so important, I think, to do it yourself.
    0:21:03 Totally agree.
    0:21:07 And I think too, as a physician and as a creator, you want to look at whether you are a B to
    0:21:10 B person or a B to C person.
    0:21:14 So for example, I’m very B to C. You know, I have some plastic surgeons that follow me.
    0:21:20 I think they don’t comment on my stuff because I think that I’m kind of a bit of an outlier
    0:21:23 and there’s some doctors who don’t like me, some of them are jealous of me, but I have
    0:21:28 a good friend of mine and he is a B to B doctor where he has all the plastic surgeons and
    0:21:29 nurses following him.
    0:21:33 They comment on his stuff all the time, but he has literally one eighth, I think of the
    0:21:37 followers that I have, but we create very different content.
    0:21:42 And so when you’re looking as a physician or a professional, you’re creating content.
    0:21:46 The first thing I encourage you to think about is, are you a B to B person or are you a B
    0:21:48 to C person?
    0:21:52 Once you figure which one of those out, then you want to create content for that person.
    0:21:56 None of my content is B to B. You don’t see me creating any content for doctors.
    0:22:01 It’s all for patients, lay people, maybe nurses, you know, maybe support staff, but almost
    0:22:03 none of it is for doctors.
    0:22:06 And I know now if I put something out that’s specifically for doctors, it’s going to crash
    0:22:10 and burn because it’s such a small fraction of my audience.
    0:22:16 I always say niche versus broad, but I really love the way that you put it B to B versus
    0:22:17 B to C.
    0:22:18 Okay.
    0:22:20 So let’s talk about holistic medicine.
    0:22:23 You call yourself a holistic plastic surgeon.
    0:22:26 How does that differ from traditional cosmetic procedures?
    0:22:27 This is a great question.
    0:22:33 It’s something that I came up with many years ago as I hit this fork in the road with my
    0:22:34 practice.
    0:22:37 As plastic surgeons, we learn how to cut people open.
    0:22:39 And the goal is always to bring people to surgery.
    0:22:44 And I realized when I had a patient with a terrible complication that this was wrong
    0:22:49 and that my goal for being a plastic surgeon should not be to try to bring as many people
    0:22:54 to surgery as I can, but it should be, how do I keep them out of surgery yet still help
    0:22:56 them to look and feel their best?
    0:23:01 And so in my book, younger for life, the idea is it’s a concept called autojuvenation.
    0:23:06 And it’s basically how you can use your body’s own natural rejuvenative abilities to turn
    0:23:09 back the clock naturally.
    0:23:12 But in order to do that, you have to give it the right tools and the right environment
    0:23:13 to do so.
    0:23:18 I definitely believe that if you incorporate those types of things, and it’s what you eat,
    0:23:23 when you eat, nutritional supplements, skincare, and noninvasive treatments, when you focus
    0:23:26 on those five things, the vast majority of people can look five, even up to 10 years
    0:23:30 younger, and hopefully not feel the need to have to have surgery.
    0:23:33 Because if anybody comes to see me and they say, “Hey, Dr. Yoon, I’m thinking of having
    0:23:37 a tummy tuck or a facelift or breast lift.
    0:23:39 What’s the worst thing that can happen to me?”
    0:23:41 I answer, “You can die.
    0:23:44 That’s the worst thing because you got to be honest with them.”
    0:23:47 So anything you can do to prevent that, obviously, you want to do.
    0:23:49 Anthony, I’d love for you to guess my age.
    0:23:53 I never share my age, ever.
    0:23:55 I never share my age.
    0:23:58 And I’d love for you to guess my age.
    0:23:59 27?
    0:24:01 Oh, my gosh.
    0:24:03 I’m 38.
    0:24:04 Oh, look at you.
    0:24:05 Oh, my gosh.
    0:24:07 I really know how to stay looking young.
    0:24:12 So I never announced my age, guys, because I really get away with looking really young.
    0:24:13 Yeah, you do.
    0:24:17 Well, but with what you’re doing, it’s good for people to know that you’re 38 because
    0:24:24 I think that with age does come wisdom, and people believe that you have more wisdom if
    0:24:25 you’re older, too.
    0:24:28 Whether that’s two or not, I mean, I know people who are 50 who God knows they have
    0:24:29 no wisdom.
    0:24:32 It’s totally.
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    0:29:41 So, first, let’s talk about what is the difference between anti-aging and reverse aging, because
    0:29:44 those are two different things.
    0:29:48 Anti-aging basically means slowing down that aging process, because no matter what, it’s
    0:29:50 going to keep moving forward.
    0:29:54 Reversing aging is actually looking or being younger.
    0:29:56 Now, there’s interesting things, okay?
    0:30:00 There’s a difference between a biological age and a chronological age, okay?
    0:30:05 So you cannot change your chronological age, you know, you’re, you said 38?
    0:30:06 Yep.
    0:30:07 I’m 51.
    0:30:09 There’s no way I can be chronologically 50.
    0:30:12 That ship has passed last year.
    0:30:13 You can’t be 37.
    0:30:14 That’s what you were last year.
    0:30:19 But your biological age is basically the age of your body biologically on the inside, and
    0:30:21 that you can change.
    0:30:23 And those are those principles of auto-juvenation.
    0:30:28 By changing what you eat, by exercising, by taking certain supplements, all that stuff
    0:30:30 can actually reverse your biological age.
    0:30:32 Now, how much can you reverse it by?
    0:30:34 That’s a big question.
    0:30:39 And there are people who claim to have a biological age nowhere near their chronological age.
    0:30:44 You know, you got to wonder, there’s some people who use that as a marketing tactic as
    0:30:45 well.
    0:30:46 I know who you’re talking about.
    0:30:51 And the fact is, is that you can look at somebody on the outside and have an idea of what their
    0:30:55 biological age is, because what is on the inside will show on your skin.
    0:30:57 The skin is our magic mirror.
    0:30:58 I have a good friend of mine, Dr. Trevor Cates.
    0:31:00 She said, our skin is our magic mirror.
    0:31:03 It is what’s on the inside will show on your skin.
    0:31:07 The interesting thing is that, and this is where my book is a little bit different than
    0:31:13 some of the other anti-aging books by certain scientists, is that there are people who will
    0:31:17 talk about different things you can do to anti-age your body and increase longevity.
    0:31:21 But a lot of them don’t honestly look that young.
    0:31:26 And there are studies that show that the younger you look, technically, the longer you will
    0:31:27 live.
    0:31:33 And there are actually twin studies that show that the identical twins, the younger looking
    0:31:37 of the identical twin, typically lives longer than the older looking of the two.
    0:31:38 Wow.
    0:31:40 Yeah, even though genetically they’re the same.
    0:31:41 That’s so interesting.
    0:31:43 So I have a funny story about this.
    0:31:46 So Dave Asprey, who’s coming on my show again in a couple of weeks.
    0:31:47 I love Dave.
    0:31:48 Dave’s a friend of mine.
    0:31:49 Dave’s awesome.
    0:31:53 So Dave came on my show a couple of years ago, and I remember when he came on the show,
    0:31:54 he was like 48.
    0:31:57 And so I was like, Dave, you’re 48 years old.
    0:32:00 You say you’re going to live to 180 and he like cut me off.
    0:32:02 And he was like, Hala, that’s agist.
    0:32:05 He’s like, I don’t align with being 48.
    0:32:07 He was like offended that I called him 48 years old.
    0:32:13 And he’s like, I am 27% of my goal of being 180 years old.
    0:32:15 I’m 27% years old.
    0:32:19 And I always thought of that whenever I thought about my age, I was like, man, I don’t feel
    0:32:20 38.
    0:32:24 I feel like I’m like, you know, 25% of my goal.
    0:32:30 So I feel with AI and all the advances in medicine and everything going on, I really
    0:32:34 truly feel that people are going to start looking so much younger.
    0:32:35 It’s already happening.
    0:32:38 30 year olds look nothing like they used to.
    0:32:43 I remember seeing 30 year olds and they looked so much older than what 30 and 40 year olds
    0:32:44 look like now.
    0:32:45 Yeah, yeah.
    0:32:49 And I just feel like people are going to really start coming forward with their biological
    0:32:55 age versus their chronological age, like, hey, medically, I’m actually this age.
    0:32:59 And I just feel like that’s going to really be the future because right now I feel like
    0:33:01 sometimes I look really young.
    0:33:05 I go out and I feel like I look much younger than other 20 year olds who aren’t working
    0:33:07 out and eating healthy.
    0:33:09 I literally look younger than them.
    0:33:12 Part of it is I think this generation are the millennials.
    0:33:13 They take care of themselves so much better.
    0:33:17 I mean, one of the shows I grew up watching was the Golden Girls.
    0:33:21 And I’m sure you’ve seen those memes on social media where you see Ruma Klannahan from the
    0:33:26 Golden Girls where she was like 53 and then JLo, who’s the same age.
    0:33:28 And it’s insane when you think about it.
    0:33:33 And JLo, as much as I personally, I’m not her doctor, so I have no evidence of any of
    0:33:34 this.
    0:33:39 I don’t think it’s just olive oil of why she looks so young, but I also don’t think it’s
    0:33:40 all plastic surgery.
    0:33:44 This is a woman who has taken a great, whether you love her or not, or dislike her.
    0:33:46 She’s taken great care of herself.
    0:33:47 She exercises regularly.
    0:33:48 She washes what she eats.
    0:33:51 I’m sure she uses great skincare.
    0:33:54 She protects her skin and that can really make a difference.
    0:33:55 There are genetics though.
    0:34:00 Genetics do play a factor in it, but we believe that’s only about 20%.
    0:34:05 It’s that 80/20 rule and that 20% of your Asian will be determined by your genetics.
    0:34:09 The other 80% is what you do with them, is the epigenetics part of it.
    0:34:12 And then there are some people who benefit a lot from that.
    0:34:15 I think the 80/20 rule is pretty generalized.
    0:34:20 If you are really light-skinned, you’re, let’s say, Irish, that’s going to be more than probably
    0:34:22 20%, unfortunately, for you.
    0:34:27 Same thing, if you are African-American or even Asian, we do get the benefit because
    0:34:31 the melon in our skin of maybe being more than that 20% in genetics, having us age a
    0:34:36 bit more slowly than somebody who’s Irish where that’s on the other side of it.
    0:34:40 It’s interesting, but definitely what you see on the outside does project what’s on
    0:34:41 the inside.
    0:34:44 Not 100%, but a good portion of it.
    0:34:49 Is it possible that if your insides are aging faster, that you actually look older than
    0:34:50 your age?
    0:34:54 If you’re going to us, what are some of the signs that your insides might not be as healthy
    0:34:56 as they should be?
    0:35:01 Some very simple thing that we know of is that the health of our gut, our microbiome,
    0:35:02 will really show on the skin.
    0:35:07 And there are early studies now showing that if you’ve got, let’s say, poor gut health,
    0:35:12 if your microbiome is unhealthy, if you’re eating a lot of inflammatory-type foods, then
    0:35:14 that will show on your skin as inflamed skin.
    0:35:20 So there are connections between skin conditions like rosacea, like eczema, even acne that
    0:35:23 do have a connection to the health of the gut.
    0:35:28 And so anybody who’s truly looking at skin care and skin health from a truly holistic
    0:35:32 perspective needs to do more than unfortunately what some of us have been doing for the last
    0:35:36 50 years, which is just focusing on sunblock and creams.
    0:35:40 Yes, that is an important part of it, but also the health of your gut is really going
    0:35:41 to show in that manner.
    0:35:45 And we have direct correlations and studies now showing that.
    0:35:47 So let’s step back a minute.
    0:35:52 Let’s talk about your career journey a bit, because you started as a traditional plastic
    0:35:54 surgeon.
    0:35:58 So how did you then switch gears to be like, “Okay, I just want to reset here and focus
    0:36:00 more on holistic?”
    0:36:01 What really reset you?
    0:36:05 So I had this patient who I performed a facelift on.
    0:36:09 And at this point in my career, I was probably, I don’t know, seven, eight, ten years into
    0:36:10 my career.
    0:36:13 And I thought that I’d hit the pinnacle of success.
    0:36:14 I had over a year waiting list.
    0:36:18 I had patients flying in from all over the country to have operations done by me.
    0:36:23 In surgery, there are certain operations that we look at and we take pride in because we’re
    0:36:24 able to do them.
    0:36:29 And they’re typically the more difficult operations where the patients are very choosy on who
    0:36:30 does their surgery.
    0:36:34 So for example, if you’re a general surgeon, that operation is the Whipple.
    0:36:40 The Whipple is like a 10-hour pancreatic cancer operation that when you’re in your training,
    0:36:43 if you’re so lucky to see a Whipple, you’re very fortunate.
    0:36:48 And those types of operations are only really done by the most experienced surgeons because
    0:36:49 they’re so difficult.
    0:36:53 In plastic surgery, that operation is probably the facelift.
    0:36:57 Patients will pick almost anybody to do their lipo or even their BBL, but you know that
    0:37:00 if they’re going to do a facelift on you, they’re going to cut open and lift up your
    0:37:04 face and stuff that they’re going to be super choosy in their doctor.
    0:37:09 So Holla for many years, I literally graded the success in my practice based off how many
    0:37:15 facelift patients I had on the schedule as ridiculous as that may sound.
    0:37:16 And I had a patient who flew in to see me.
    0:37:17 She had a facelift done.
    0:37:19 The surgery went perfectly.
    0:37:22 And she developed some terrible complications afterwards.
    0:37:25 And it really got me into thinking, am I doing the right thing?
    0:37:30 And I hit this rock bottom and I started realizing what I’d mentioned earlier about the goal
    0:37:31 of my practice.
    0:37:37 And so I spent many, many months trying to really look at and rethink what I was doing.
    0:37:42 When I started reading books, for example, in my training as a plastic surgeon, I got
    0:37:43 almost no training on nutrition.
    0:37:48 I never spent a single day with a dermatologist learning about skin.
    0:37:50 We didn’t get this type of thing.
    0:37:54 And so I realized that there was so much that I didn’t know that I needed to learn.
    0:38:01 And I spent tens of thousands of hours basically reading books, studying, looking up studies,
    0:38:05 creating my own supplement protocol for healing that since then has been pretty much co-apted
    0:38:07 by a lot of other companies.
    0:38:11 And I created this whole concept of auto-juvenation and holistic plastic surgery.
    0:38:15 And I read books from people who I’d not heard of until I really started digging deep in
    0:38:16 this books by Dave Asprey.
    0:38:19 I read a couple of Dave Asprey’s books.
    0:38:23 And all of these alternative holistic experts, whether they’re naturopaths, whether they’re
    0:38:27 biohackers, whether they’re dermatologists, I was able to get a little bit from each of
    0:38:31 them to really come up with what I’m doing in my career now.
    0:38:32 So interesting.
    0:38:35 And something that I want to call out for all of my listeners.
    0:38:39 Some entrepreneurs, executives they’re listening in, and they’re like, “Well, what do I care
    0:38:41 about looking younger?”
    0:38:47 And I have to say that I feel like I have so much advantage in the business space looking
    0:38:48 younger.
    0:38:55 I literally feel like I have 10 years extra than everybody else because I look younger.
    0:38:56 And that is such an advantage.
    0:38:59 So I’d love to hear your thoughts about career-wise.
    0:39:03 Why is it an important thing to try to look and feel your best?
    0:39:07 For my career being a plastic surgeon, if I walked in the room and I had huge bags under
    0:39:10 my eyes or something like that, then obviously that’s going to impact how people feel about
    0:39:14 me, even though some of that may be subconsciously.
    0:39:18 But also I think I see a lot of people who come into my office who are executives, who
    0:39:21 are business people, who are entrepreneurs, and they are coming in to get little tweaks
    0:39:27 because they know that what they see in the mirror doesn’t match how they feel on the inside.
    0:39:31 So we talked a little bit about how what are inside is mirrored by what’s on the outside.
    0:39:34 There’s only so much control you have over that.
    0:39:38 And you could be feeling great and be in great shape for somebody who’s, let’s say, 60 years
    0:39:41 old, but you’re still going to have that aging.
    0:39:44 You can’t when you’re 60 look like you’re 35.
    0:39:48 It’s just not possible unless you’re a freak of nature, okay?
    0:39:49 And there’s very few people who are like that.
    0:39:53 But if you’re like most people, if you are lucky, maybe you’re going to look 5, 10 years
    0:39:55 younger and that’s great.
    0:39:58 But sometimes no matter what you do, that’s going to be a part of it.
    0:40:02 And so there are so many people who do find that when they look in the mirror and they
    0:40:07 feel better about themselves, that that can really impact their job performance and how
    0:40:09 they look at themselves as a business person, as an entrepreneur.
    0:40:14 I’ve seen so many people in my practice, whether they have had surgery or not had surgery,
    0:40:17 whether they have just done some of the things that I recommend, the auto-juvenative ways
    0:40:22 to turn back the clock naturally, and it has profoundly impacted their life.
    0:40:26 In some ways, they’re somewhat indirect, you know, it’s just by feeling good about yourself,
    0:40:29 you’re going to come across differently to other people.
    0:40:33 One way I think about it is we all know how it feels when we go to a store and we buy
    0:40:35 a new outfit.
    0:40:40 And we put that outfit on and we’re still the same person, okay, on the inside.
    0:40:45 But wearing that outfit, we feel in some ways better about ourselves, whether you’re looking
    0:40:50 for Jones and for compliments or not, just the fact that we’re wearing something new and
    0:40:52 we kind of like it, it makes us feel good.
    0:40:57 And that’s what we should be feeling all the time about ourselves in general.
    0:40:59 And think about how you feel that way.
    0:41:04 You’re going to project that whether it is subtly, subconsciously projecting it or projecting
    0:41:06 it and knowing that you’re projecting that.
    0:41:11 And I feel like it has nothing to do with being extremely attractive.
    0:41:18 It’s almost just about being your best version of yourself and looking fresh and not tired
    0:41:19 and things like that.
    0:41:21 And I think it’s healthy too.
    0:41:23 I think in the end, health is beauty.
    0:41:27 There are people who are in their seventies who have a lot of wrinkles, but you know they’re
    0:41:30 healthy and they’re beautiful and they project that that way.
    0:41:33 You know, a good example of that is Audrey Hepburn.
    0:41:35 She died, I think when she was in her late seventies.
    0:41:38 And when she was at that age, she was still so beautiful.
    0:41:42 I don’t think she had hardly any work done, but she was absolutely beautiful at that time.
    0:41:49 I have to check out her pictures at 70, 70 years old so I can have some motivation.
    0:41:53 She was one in breakfast at Tiffany’s and as she aged, she just aged so gracefully.
    0:41:55 I don’t know if she’s had a little work done.
    0:41:59 At that time, there wasn’t a lot of work being done specifically, but she just looked great.
    0:42:02 And I think that we can project that it doesn’t have necessarily just be about the wrinkles
    0:42:03 and stuff.
    0:42:04 It truly is about the health.
    0:42:09 So speaking of that, you talked about auto-juvenation, you threw that word out there.
    0:42:11 Can you define that for us?
    0:42:16 So auto-juvenation is how you can use your body’s own regenerative abilities to turn
    0:42:17 back the clock.
    0:42:23 And it was those five things I mentioned earlier of what you eat, when you eat, nutritional
    0:42:27 supplements, skincare, and non-invasive treatments.
    0:42:31 And so these are the five things I focus on in my book, Younger for Life, because those
    0:42:35 are the five things really that if you do really focus on that, I strongly believe that
    0:42:38 virtually everybody can look five to 10 years younger.
    0:42:41 So what you eat is going to be eating an anti-inflammatory diet.
    0:42:45 You want to make sure you get sufficient amounts of healthy protein, cutting out the
    0:42:46 ultra-processed foods.
    0:42:50 I’m sure Dave’s going to talk a lot about this type of stuff when he comes on.
    0:42:54 When you eat, it’s going to be adding a little bit of intermittent fasting into it.
    0:42:58 One thing that we do know is if you want to age more slowly, the number one thing you
    0:43:03 can technically do is calorie restriction, but calorie restriction is no fun.
    0:43:07 And so another option would be to do intermittent fasting or time-restricted eating.
    0:43:11 So basically just giving your body short periods of time, whether it’s 12 hours, sometimes
    0:43:17 16, where you give your gut a rest and you let your body’s natural, rejuvenative mechanisms
    0:43:18 work itself.
    0:43:19 It’s called autophagy.
    0:43:21 I think that’s important.
    0:43:22 And then supplements.
    0:43:23 I’m a big fan of supplements.
    0:43:25 Happy to talk about them if you like.
    0:43:28 Skin care, and we can talk about a good skin care routine.
    0:43:31 And then non-invasive treatments are so much out there that’s so exciting to turn back
    0:43:35 the clock without getting injected or getting cut on.
    0:43:36 I’m going to pick your brain on all of this.
    0:43:40 So like you mentioned, you’ve got this book, Younger for Life.
    0:43:44 In a minute, you have a two minutes, five years younger skin care routine.
    0:43:46 Can you break that down for us?
    0:43:51 If you are like so many people and you are confused about what to do with your skin and
    0:43:54 you go to Sephora or Ulta and you’re like, what do I buy?
    0:43:56 This is the basic thing that everybody should do.
    0:43:59 And if you do this, you’re going to be way ahead of everybody else.
    0:44:00 It takes just two minutes a day.
    0:44:03 So you start in the morning, you cleanse your skin with a cleanser appropriate for your skin
    0:44:04 type.
    0:44:09 And so if you’ve got kind of drier, more mature skin, then going for a more milky or
    0:44:12 hydrating cleanser is important.
    0:44:16 If you’ve got more oily skin, if you’re sometimes on the younger side, then a more foaming
    0:44:19 cleanser often is better for skin like that.
    0:44:23 After that, you want to apply a vitamin C or antioxidant serum.
    0:44:25 Vitamin C you can find most skin care lines have it.
    0:44:29 We’ve got one called our CE antioxidant serum, but using a vitamin C serum in the morning
    0:44:32 is going to help protect your skin from free radicals.
    0:44:37 Free radicals are one of the main causes of our skin aging and using vitamin C will help
    0:44:42 protect it from that as well as help with blemishes and collagen production as well.
    0:44:45 And then the third thing in the morning is to apply a sunscreen.
    0:44:47 I do recommend at least SPF 30.
    0:44:49 If you’re going to be inside, do you have to wear it?
    0:44:53 Not necessarily, but definitely you’re going to be out quite a bit then sunscreen is helpful.
    0:44:58 That’s all you have to do in the morning, cleanse, vitamin C serum, and then a sunscreen.
    0:45:01 In the evening, got to cleanse your skin.
    0:45:04 If you only wash your skin once a day, make sure it’s in the evening because you got to
    0:45:09 get rid of the days worth of dirt and grime and pollution and oil and all that type of
    0:45:10 stuff.
    0:45:11 And definitely makeup.
    0:45:15 So wash your skin at night and then you want to apply an anti-aging cream.
    0:45:19 The one I usually recommend as a starter is a retinol.
    0:45:24 Retinol is a form of vitamin A. Most big skin care companies have a retinol moisturizer.
    0:45:29 That’s a cornerstone for our Youn Beauty line, a retinol moisturizer.
    0:45:33 Science shows that those are the most potent anti-aging creams out there if you don’t have
    0:45:34 a prescription.
    0:45:35 Okay.
    0:45:37 So use a retinol at night.
    0:45:41 If you have real sensitive skin, if you’ve got real sensitive skin, then use Bakuchyol.
    0:45:45 Bakuchyol is a plant-based alternative to retinol.
    0:45:49 Appears to work very similarly, but it’s more easily tolerated.
    0:45:51 And technically that’s it.
    0:45:56 Maybe once or twice a week, exfoliate your skin with a nice gentle exfoliating agent,
    0:45:59 whether it’s an at-home peel or like a scrub.
    0:46:00 That’s all you have to do.
    0:46:01 So really that’s a two minutes, five years younger.
    0:46:07 Cleansing, cleanse, vitamin C, sunscreen, night, cleanse, and a retinol.
    0:46:11 If you want to apply a moisturizer on top of that, if it’s real dry, then feel free
    0:46:12 to do that.
    0:46:14 And then once or twice a week, exfoliate your skin.
    0:46:16 And that’s all you have to technically do.
    0:46:20 It sounds really easy, but I’m sure I have mostly male listeners, surprisingly, and I’m
    0:46:24 sure they’re listening to this like, “I’m not doing all that.”
    0:46:25 All right.
    0:46:28 If you’re a guy and you want to say you want to limit what you’re doing, first thing is
    0:46:32 definitely use a facial cleanser, not bar soap, because bar soap will definitely dry
    0:46:34 your skin out.
    0:46:35 Apply the sunscreen.
    0:46:38 If you’re going to be out, if you’re not, then at least do a vitamin C serum.
    0:46:40 And then at night, you just got to apply the retinol.
    0:46:42 You can skip the exfoliating part of it.
    0:46:43 That’s fine.
    0:46:44 Just do those things.
    0:46:48 You don’t want to get to that point where you’re 50, 60, 70 years old and you go, “Geez,
    0:46:50 why didn’t I do any of this earlier?
    0:46:52 Now what am I going to do?”
    0:46:56 We’ll be right back after a quick break from our sponsors.
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    0:51:17 We think sunscreen prevents cancer.
    0:51:20 Now people are saying it causes cancer with its harmful chemicals.
    0:51:24 People are saying it’s the reason for everyone’s low vitamin D.
    0:51:28 Can you talk to us about maybe what kind of sunscreen we should actually look for, and
    0:51:32 then also how do you feel about these sunscreen naysayers?
    0:51:36 As a plastic surgeon, I can’t tell you how many people have come into my office with
    0:51:39 a tiny little lesion on their face.
    0:51:40 It ends up being skin cancer.
    0:51:41 They come back to see me.
    0:51:46 They got a huge hole in their nose, or part of their eyelid is gone, or part of their
    0:51:47 lip is gone.
    0:51:51 You do not want to skin cancer on your face, period.
    0:51:55 Anything that you can do within reason to prevent that, you really want to do, because
    0:51:58 it can be absolutely devastating to your appearance.
    0:52:02 There are certain camps out there that have certain beliefs, and really let me tell you
    0:52:08 a more moderate approach to it, kind of middle-of-the-road approach, is that there are certain ingredients
    0:52:11 in sunscreens that are considered by some to be hormone disruptors.
    0:52:15 They are typically oxybenzone and octinoxate.
    0:52:20 Oxybenzone and octinoxate are the ones that are primarily considered to be hormone disruptors
    0:52:24 that also may be causing potential damage to the coral reefs.
    0:52:27 If you go to Hawaii, maybe some islands in the Caribbean, they actually won’t let you
    0:52:31 wear certain sunscreens that contain those ingredients because they’re concerned about
    0:52:32 that.
    0:52:35 I do recommend, in general, to avoid those.
    0:52:37 They’re chemical sunscreens.
    0:52:39 There’s chemical and there’s physical.
    0:52:41 The chemical sunscreens basically are put onto your skin.
    0:52:46 They absorb into your skin, and then they create a chemical reaction to help prevent
    0:52:51 the damage from the UV rays of the sun from damaging your skin.
    0:52:55 Physical sunblocks are made to sit on the surface of the skin and literally just block
    0:52:58 the sun’s rays from getting to your skin.
    0:53:00 Those are the ones that are going to be thicker.
    0:53:04 Back in the day, there were lifeguards that would look like white paste on the surface
    0:53:06 of their nose, zinc oxide.
    0:53:09 That’s the main physical sunscreen ingredient.
    0:53:11 That’s what it is.
    0:53:14 There are some people who say, “If you’re going to wear sunscreen, use a physical blocker.”
    0:53:18 I think, in general, especially for children, that’s what I recommend because they’re going
    0:53:22 to physically block the sun and there’s no concern about endocrine or hormone disrupting
    0:53:24 from them.
    0:53:28 The problem with it is, if you are a person of color, then it can make your skin look
    0:53:31 ashy, give your skin a whitish hue.
    0:53:35 That’s not necessarily all that great cosmetically, then.
    0:53:39 If you do have darker skin and you want to go with a chemical sunscreen, then I recommend
    0:53:45 ones that have been shown to not be endocrine disruptors, like ones with Avobenzone, Megzoral
    0:53:46 XL.
    0:53:51 Those are two very popular ones that you can use, I think, very safely.
    0:53:55 That’s the way I look at it is, number one, if you want to go out in the sun, you don’t
    0:53:56 want to get burned.
    0:54:00 You want to try to avoid, obviously, the rays from causing aging of your skin and eventual
    0:54:03 skin cancer, so definitely protect your skin.
    0:54:07 With your kids, use a physical blocker with zinc oxide or titanium dioxide.
    0:54:11 If you can tolerate that and you’ve got skin color that will tolerate, then by all means,
    0:54:12 use that too.
    0:54:16 If, however, you want something that’s going to feel much lighter on your skin that’s not
    0:54:21 going to leave that whitish hue, then go with the chemical sunscreens, but pick ones like
    0:54:28 Avobenzone and Megzoral XL and try to stay away from oxybenzone and octinoxate.
    0:54:33 Then answering your vitamin D question, yes, vitamin D is so essential, and there’s so
    0:54:35 many of us who are deficient in it.
    0:54:39 I, myself, 100% believe in the therapeutic qualities of the sun.
    0:54:42 I live in Detroit for God’s sakes, and when we’re in the middle of the winter and you
    0:54:46 get a sunny day, everybody’s outside and like, “Oh my gosh, it feels so good on our skin.”
    0:54:47 Do that.
    0:54:48 It’s fine.
    0:54:53 Studies show that if you are Caucasian, you only need 15 minutes a day of direct sunlight
    0:54:58 to your skin to create enough vitamin D so that you are not vitamin D deficient.
    0:55:03 However, if you have darker skin, you need more time in the sun to get that.
    0:55:05 I think that there’s a happy medium there somewhere.
    0:55:08 I, myself, don’t wear sunscreen every day.
    0:55:11 If I’m going to be out, a lot, then I will, but if I’m just going in and out from the
    0:55:13 car and stuff, I don’t.
    0:55:16 I think you need to find what you feel is appropriate for yourself and definitely for
    0:55:17 your family.
    0:55:18 I totally agree on that.
    0:55:22 That was like a sunscreen masterclass, so thank you for that.
    0:55:26 I love to do advanced treatments.
    0:55:31 I’m taking my skin care very seriously, and so I used to go to the salon and do radio
    0:55:34 frequency treatments, and they are phenomenal.
    0:55:36 I love them so much.
    0:55:41 I really don’t do Botox or anything like I’ve just been doing radio frequency, and I even
    0:55:46 have at home machines now from this brand, Amiro, who I need to get a sponsorship from
    0:55:51 them because I’m always shouting them out, but they have red light, radio frequency,
    0:55:53 microcurrents.
    0:55:58 It’s so awesome, and I use them all the time, and it’s saved me so much money, so I’d love
    0:56:03 to just hear your thoughts about using these at home machines or even getting professional
    0:56:07 spa treatments to actually build collagen.
    0:56:10 I think it’s just a little bit more effective than the topical treatments.
    0:56:14 Yeah, I think that those are great, and I think that right now we’re hitting a renaissance
    0:56:17 where there’s so many at home devices that can be helpful.
    0:56:20 I think the first thing for your listeners, if you say, “Hey, what should I start with?”
    0:56:26 The easiest thing is to get a red light therapy, either a mask or a red light therapy handheld
    0:56:27 or a tabletop device.
    0:56:32 So red light therapy, we know the idea behind red light therapy is that the energy from
    0:56:36 that red light gets taken up by the mitochondria of your cells, and mitochondria basically
    0:56:42 are the powerhouses of our cells, and it causes our cells to create more ATP or more energy.
    0:56:47 So essentially, the red light energizes your cells to be more youthful, and there are studies
    0:56:50 that do show, not a lot of studies, but there are studies that do show that using red light
    0:56:54 therapy can increase the elastin and the collagen content in your skin.
    0:56:56 So I’m a big fan of red light therapy.
    0:57:01 I do it myself at home, not as much as I should, just because I always forget, honestly.
    0:57:05 I do it a lot on my head because I have a laser helmet that I use because my hair, God
    0:57:09 forbid, was thinning a bit, and so that definitely helps.
    0:57:12 So the first thing I would recommend would be red light therapy.
    0:57:15 There are at home, as you mentioned, radio frequency devices.
    0:57:19 There are at home laser hair removal devices and stuff like that.
    0:57:23 And I think more and more of those are becoming more and more powerful and safer and safer
    0:57:24 to use.
    0:57:27 But the first thing I would recommend would be red light therapy because I think that
    0:57:32 one has the most science behind it and probably the most potential benefit.
    0:57:36 And then if you’re going into an office setting, part of the reason why I don’t do red light
    0:57:40 therapy too, in addition to forgetting about doing it, is I do do treatments in my office.
    0:57:43 And those are obviously going to be more powerful than those.
    0:57:47 And so whether it’s certain chemical peels, one of our most popular treatments is Morpheus
    0:57:48 8.
    0:57:51 That’s radio frequency combined with micro-needling.
    0:57:54 And that’s a really good skin tightening, non-invasive skin tightening treatment.
    0:57:56 There’s so much out there that’s really exciting.
    0:57:57 Yeah.
    0:57:59 Radio frequency to me, I think, is the future.
    0:58:04 I feel like there’s going to be radio frequency spas that open up and so many people don’t
    0:58:05 know about it.
    0:58:08 And it’s, I think, the fountain of youth in my opinion.
    0:58:09 Okay.
    0:58:11 So you mentioned your hair loss.
    0:58:12 I recently became single.
    0:58:17 And so I am of the age where now I’m starting to go on dates with guys that are losing their
    0:58:18 hair.
    0:58:21 It’s a sad statement on us.
    0:58:22 Yes.
    0:58:24 And I could tell it’s affecting their self-esteem.
    0:58:27 And I want to whisper like, just go to Turkey, you know, you’re rich.
    0:58:30 But you actually did not do an invasive treatment.
    0:58:34 So talk to us to all the guys out there that are having receding hairline problems, thinning
    0:58:35 hair.
    0:58:37 What are some options for them?
    0:58:41 If you’re a male or even if you’re a female and you are noticing your hair thinning, there
    0:58:44 is a very stepwise process I recommend you go through.
    0:58:46 And I do put that in the “Younger for Life” book.
    0:58:49 But the first thing you want to look at is stress, okay?
    0:58:51 So stress will make your hair get thin.
    0:58:53 Are you in a stressful time in your life?
    0:58:56 And if you are, then that’s something you want to deal with, you know, meditation, yoga,
    0:58:57 all those things are great.
    0:58:58 Getting more sleep, okay?
    0:59:04 But if you’re like, no, I’m actually not stressed, I’m happy and stress is not an issue for me.
    0:59:08 Then the next thing you want to look at then is nutritional deficiencies.
    0:59:12 Now you can see a functional medicine doctor and they can do a ton of labs on you and see
    0:59:17 where you have a nutritional deficiency, because a lot of nutritional deficiencies can cost
    0:59:21 thinning hair, whether it’s iron, vitamin D, zinc, a lot of different things can contribute
    0:59:22 to it.
    0:59:26 Once again, the lazy approach to it, which a lot of people will do is you get a nutritional
    0:59:31 supplement like Nutrafol that basically has everything you need.
    0:59:36 And so Nutrafol, not my company, but they basically have a men’s version.
    0:59:41 They have a pre-menopausal women’s version, a post-menopausal women’s version, a vegan
    0:59:45 women’s version and a postpartum women’s version as well.
    0:59:48 And these are nutritional supplements that basically are all in one.
    0:59:50 So whatever nutritional deficiency, they will take care of it.
    0:59:54 So that would be the next thing I would recommend would be to getting on a nutritional supplement
    0:59:56 in case it’s deficiency related.
    1:00:01 The next thing after that is going to be red light therapy or a laser helmet.
    1:00:02 That’s what I use.
    1:00:07 Typically you wear those for anywhere from 15 to 30 minutes a few times a week.
    1:00:08 And that can help.
    1:00:11 After that, you want to look at topicals, okay?
    1:00:15 So obviously the most popular topical is going to be minoxidil or Rogaine.
    1:00:18 There’s men’s strength and women’s strength.
    1:00:19 Here’s a little tip.
    1:00:21 Women’s strength is BS.
    1:00:24 If you’re a woman and you want to use minoxidil and they all have a men’s and women’s, they
    1:00:28 charge more for women’s, but it’s weaker strength and women can use the men’s strength.
    1:00:29 It’s so stupid.
    1:00:34 So feel free to use the men’s version of minoxidil if you’re a female and you’re thinning your
    1:00:35 hair.
    1:00:39 If you don’t want to put yourself on a pharmaceutical, which that is a pharmaceutical, basically
    1:00:44 it’s a medication that side effect is growing of the hair, then you can try topical rosemary
    1:00:45 oil.
    1:00:50 There’s a small study that shows topical rosemary oil may have very similar effects to thinning
    1:00:55 hair as minoxidil, but with less skin irritation.
    1:01:00 And so adding a topical like either rosemary oil or minoxil, definitely recommend.
    1:01:04 If that’s not doing, you want to give yourself a good six months of doing all of those things.
    1:01:09 If after six months you’re seeing no change at all, or it’s not enough of a change, then
    1:01:14 the next step would be PRP injections where they draw your blood, they spin out the platelets,
    1:01:19 which are chock full of growth factors, and then inject it into thin areas of your scalp.
    1:01:22 That you do need to do a couple of times a year to keep it up, but that can really help
    1:01:23 as well.
    1:01:27 That’s going to be the stepwise progression that I recommend.
    1:01:33 Treating your stress, treating your nutritional deficiencies, red light therapy, topicals,
    1:01:36 and then none of that works, then you may want to go into some injections.
    1:01:40 And then going to Turkey and getting a hair transplant is way down the list, unless, unless
    1:01:44 in this situation, if you’ve got a bald area, then none of these are going to treat it.
    1:01:48 It’s only for thinning hair, but if you’ve got like in the crown, you’ve got a big bald
    1:01:52 patch in the crown, then yes, that’s going to be hair transplants.
    1:01:54 Such good advice.
    1:01:56 I’d love to stick on food for a bit.
    1:02:01 So can you talk to us why it’s important to eat a variety of foods?
    1:02:05 Well the number one thing with the variety is going to come with your fruits and vegetables.
    1:02:10 One of the main ages of our skin, as I mentioned earlier, is free radicals, is oxidation.
    1:02:16 So the way that happens basically is that because we are alive, our body has a metabolism.
    1:02:20 It’s like a factory that’s creating energy and we’ve got byproducts of it, like the
    1:02:22 exhaust from your car.
    1:02:27 These byproducts are called free radicals and they can damage the DNA of our cells that
    1:02:30 they build up to a too large of an extent.
    1:02:34 So just the fact that we’re alive, our body creates as a consequence of being alive free
    1:02:40 radicals and then our body will actually create antioxidants to neutralize these free radicals.
    1:02:44 And if you’re in a very healthy state, if you’re like Dave Asprey, then the amount of
    1:02:48 antioxidants that your body is creating is probably very similar to the amount of free
    1:02:52 radicals your body is creating and you’re in a good homeostasis.
    1:02:57 However, if you’re exposed to a lot of pollution, if you’re eating a lot of ultra process foods,
    1:03:02 a lot of deep fried foods and things like that, if you’re smoking, then those free radicals
    1:03:07 can be much greater than the antioxidants that your body is creating and that creates
    1:03:10 a state we call oxidative stress.
    1:03:14 Where those free radicals are so numerous that they’re now attacking the DNA of your
    1:03:19 cells that can lead to premature aging and even potentially cancer down the line.
    1:03:24 So what once again stops those free radicals, neutralize them antioxidants?
    1:03:28 I mentioned earlier when we were talking about skincare vitamin C and vitamin C being an
    1:03:34 antioxidant, antioxidants are basically in the pigment of the fruits and vegetables that
    1:03:35 you eat.
    1:03:40 And so if you eat only, let’s say orange fruits and vegetables and you only get a certain
    1:03:43 type of those pigments, a certain type of antioxidants.
    1:03:47 But if you eat the rainbow of colorful fruits and vegetables, now you’re getting a wide
    1:03:52 variety of those antioxidants and hopefully a lot of them to neutralize the free radicals
    1:03:56 and to slow down or stop that premature aging process.
    1:04:01 I had a doctor on the show one time, Dr. Gundry, who told everybody to give fruit the
    1:04:02 boot.
    1:04:03 Yes.
    1:04:09 And I remember for like six months I didn’t eat fruit and my mom was getting so mad at
    1:04:10 me.
    1:04:11 She’s like, “Eat your fruit.”
    1:04:15 And I’d started and I was like, “Yeah, I feel much healthier eating fruit.”
    1:04:16 Yeah.
    1:04:23 The argument is that fruit is filled with fructose and fructose is a sugar and sugar is the great
    1:04:24 age of our bodies.
    1:04:30 And so I think you take that belief and then you can then project it into well, then don’t
    1:04:31 eat any fruit at all.
    1:04:36 But the fact is, is that there is so much more to fruit than the fructose.
    1:04:41 There is a ton of fiber and fiber helps to slow down the digestion of that fruit and
    1:04:45 the sugar that you get, the sugar spikes and the fructose and all of that.
    1:04:49 And there’s a ton of antioxidants, there are vitamins and minerals.
    1:04:53 And there are phytonutrients, which are even parts of the fruit that we don’t even understand
    1:04:55 that are so good for our bodies.
    1:05:02 My dad, he eats a big plate of fruit every morning and he’s Korean, he is 83 now.
    1:05:06 And I swear to God that you take away some of the physical movement issues that he may
    1:05:09 have as he’s getting older, but he’s going to live to like 100.
    1:05:14 And part of it is because every day he is infusing his body with these antioxidants because fruits
    1:05:20 are filled with antioxidants, as well as vitamins and minerals and phytonutrients and fiber
    1:05:22 being so good for our body as well.
    1:05:27 So I am not one to poo poo fruit, I’m not a fan of fruit juice and fruit juicing because
    1:05:31 now you’re taking all that fiber out and so you are getting the sugar spikes.
    1:05:38 But if you’re eating an apple or an orange or a pear or grapes or berries or grape, those
    1:05:43 are grape fruits that, it just does not make sense to me as a physician that those would
    1:05:45 be bad for you at all.
    1:05:48 I totally agree, I totally agree with you.
    1:05:49 And how about meats?
    1:05:50 What is your perspective on meat?
    1:05:55 Because sometimes I see vegans and they look beautiful.
    1:05:58 Sometimes I see vegans and I’m like, you look sick, you know?
    1:06:02 They actually look sick and tired, so I’d love to get your perspective on that.
    1:06:07 I consider veganism to be a more of a moral choice than a health choice in general.
    1:06:11 I admire vegans, I think that their hearts are in the right places and I have friends
    1:06:16 of mine who are vegan and some people really, I think, do great with that.
    1:06:19 But I think that there are a lot of people, myself included and I went, not vegan, but
    1:06:24 I went vegetarian for a while and I found that I feel much better if I have some type of
    1:06:27 animal protein, getting some type of meat for me.
    1:06:30 There are different perspectives I think it’s important to bring up.
    1:06:34 I have a good friend of mine, Dr. Gabrielle Lyons, she wrote a bestselling book about
    1:06:39 how important protein is to muscles and how especially women as they get older don’t get
    1:06:44 enough protein and that can be really harmful to the aging of their bodies and I do believe
    1:06:45 that that is true.
    1:06:50 But also when you look at anti-aging scientists, the more protein that you eat, the less long
    1:06:54 you live essentially because you are in a state where you’re building up muscle and
    1:06:58 that’s technically not the best thing for overall longevity in the end and so there
    1:07:03 are confounding factors here and so the way I would look at it is physically as you get
    1:07:08 older, you need to have sufficient amounts of protein for your skin because your skin
    1:07:11 is filled with collagen and collagen is a protein, but also for your muscles because
    1:07:16 you don’t want to have a situation where let’s say you fall, you break your hip and when
    1:07:21 you break your hip over the age of 50, there’s like a 20 to 30% mortality rate in this first
    1:07:22 several years afterwards.
    1:07:26 So as you get older, you want to be strong and you want to be vibrant and you want to
    1:07:30 have strong muscles because that’s going to keep you physically alive longer but at the
    1:07:36 same time, you can overdo the protein to an extent where it maybe isn’t so good for you
    1:07:40 because now you look at longevity genes and what these scientists are looking at.
    1:07:44 So I think for me, when I look at protein, I look at getting sufficient amounts of protein
    1:07:49 so that you feel strong, you feel healthy, definitely do weight training, resistance
    1:07:53 training I think is so, so incredibly important as you get older, but at the same time, choose
    1:07:55 your sources of protein very wisely.
    1:07:58 Choose grass-fed beef, pastured pork and chicken.
    1:08:04 You’re limiting the amount of these kind of factory farm types of meats and fish that
    1:08:06 you know isn’t necessarily as good for you.
    1:08:09 I’m totally agreeing with you on all these friends.
    1:08:14 Fermented drinks is something that you bring up in your book, Younger for Life and I actually
    1:08:18 eat yogurt every day and I have since I was younger and I’m like, maybe that is a factor
    1:08:23 to why I look so young but why fermented foods?
    1:08:25 So fermented foods are great for the microbiome.
    1:08:30 So fermented foods are chock full of probiotics which are beneficial bacteria for your gut
    1:08:33 and I mentioned earlier when we talked about gut health and skin health and there being
    1:08:39 this direct correlation, you can take a daily probiotic and I do recommend that for everybody.
    1:08:45 I recommend at least 3 billion colony forming units a day of a probiotic but you can ingest
    1:08:48 that as well with drinks like kombucha.
    1:08:51 One of my favorites is kimchi, you know I’m Korean so I love kimchi but eating these kind
    1:08:55 of fermented foods and drinks I think are good because you can really help support the
    1:09:00 microbiome and that’s something that I think it’s interesting Hala because 15 years ago
    1:09:04 you’d ask doctors, oh what do you think about the microbiome and they would poo poo, traditional
    1:09:07 physicians say, oh that’s all hogwash, what are you talking about?
    1:09:12 And now we know that the microbiome is so incredibly important to the health of our
    1:09:13 entire body.
    1:09:17 We’re talking about skin but our whole body and so some of the best foods you can eat
    1:09:19 are fermented foods.
    1:09:26 Yeah, I feel like gut health in the last 10 years has just become so popular and well
    1:09:31 known and shaping everything that we do even like brain health, I talk about it all the
    1:09:33 time on my show.
    1:09:41 So like I mentioned skin care fanatic, anastasia, fascia, beauty, have you heard of this girl?
    1:09:42 I have, yes.
    1:09:44 We’re all obsessed with this girl.
    1:09:50 She does facial massages where basically she’s saying if you do these facial massages
    1:09:53 you look young, she’s got really good results, we’re all hooked.
    1:09:58 I spent $250 on her course, it expired, I never took it, I’ll spend another $250 to get
    1:10:03 that course again because I want to know what she’s doing and I do learn a little bit from
    1:10:06 her here and there and incorporate it and she seems really smart.
    1:10:10 So what is your thoughts around these fascia, I don’t even know if I’m saying it right,
    1:10:12 facial massages?
    1:10:14 I think that there’s some good and some bad.
    1:10:20 I think that doing facial massages is good for increasing circulation, it can help to
    1:10:26 push out fluid and swelling, I think all of those, that is very, very good, but I also
    1:10:32 think that physically it’s not going to change the structure of your face and so I do question
    1:10:35 some of the results and whether those are some of the results when I see and I’m not
    1:10:39 going to say specifically her, but in general when I see people say, oh, this is me before
    1:10:45 face yoga and this is me after, look how snatched my jaw is, honestly, I can make my jaw look
    1:10:49 snatched from the side literally by mewing, by lifting the tongue, my tongue up to the
    1:10:53 roof of my mouth, take it before and after and people will be like, oh my gosh, look
    1:10:56 how amazing that is, but it’s like, yeah, I’m just lifting the tongue up to the roof
    1:10:57 of my mouth.
    1:11:03 And so I think that there is definitely some short-term benefit for doing facial massage,
    1:11:11 it’s relaxing once again, increases circulation, but when you’ve seen the actual physical structure
    1:11:15 of the face like I have, I do a lot of facelifts, I lift the skin up to the face, I see the
    1:11:20 facial muscles and the fat pads and all that, it makes zero sense to me that by just doing
    1:11:24 a certain massage on the outside is going to physically change that.
    1:11:27 It’s the same thing when you look at people who have what are called thread lifts where
    1:11:31 these threads barbed sutures are placed under the skin and they claim it’s going to lift
    1:11:36 everything up and yes, you may get a little temporary result, but it is not powerful enough
    1:11:39 to actually change the architecture of your face.
    1:11:44 So for example, some people have a jowl, which is fat that hangs down over their jawline,
    1:11:47 and it’s a little fat pad and I, when I lift up the skin to a face, if I could see that
    1:11:52 fat pad there, and sometimes what I’ll do is I will liposuction part of it away to reduce
    1:11:53 the size of it.
    1:11:58 Other people will try to suture it up higher and stuff, but it makes zero sense to me that
    1:12:02 by massaging it, you could literally physically move it into a different position when there’s
    1:12:07 so many fibrous connections and layers of the face and stuff like that.
    1:12:11 Unfortunately, there’s a lot of information on social media that it sounds too good to
    1:12:14 be true, but people believe it anyway.
    1:12:18 I debunked a video recently where somebody said that fillers and we do fillers, but I’m
    1:12:22 also one that’s about fillers, but in a very conservative manner where some guys says if
    1:12:26 you get fillers in your lips, it can migrate all the way up to your forehead and then people
    1:12:30 have taken it from their forehead and they pushed it back into their lips.
    1:12:35 I don’t know what he’s talking about, but people believe this and it went viral.
    1:12:40 Just think about it, just take a moment and think, “Can you actually move something from
    1:12:41 your lips all the way to your forehead?”
    1:12:46 There’s so many different things in the way, it makes no sense.
    1:12:51 I think that’s where we have to think, with the facial massage, is that going to truly
    1:12:54 get rid of facial fat by massaging it?
    1:12:56 Are you going to cause fat to go away?
    1:13:00 Are you going to take platysma muscle that has gotten droopy and excessive and make that
    1:13:04 muscle suddenly shrink down in size?
    1:13:07 It just doesn’t make sense when you really think about it.
    1:13:11 There is some magical thinking, unfortunately, involved with some of these cases.
    1:13:12 I don’t know.
    1:13:15 I’m still a believer she does a good job.
    1:13:19 I don’t want to say anything specifically about her because I don’t know her.
    1:13:23 But in general, I think that there’s a lot out there where people make these claims.
    1:13:27 For example, I saw this one video I debunked where a guy had a tattoo on his hand.
    1:13:30 I said, “You want to know how to get rid of this tattoo?”
    1:13:33 You take some sugar, and he just got that generic sugar, table sugar.
    1:13:34 You put that on there.
    1:13:38 You put a few drops of olive oil, and you rub it, and he rubs it, rubs it, and he goes
    1:13:39 for five minutes.
    1:13:44 Then afterwards, tattoo is gone, and he shows no tattoo there.
    1:13:45 It went viral.
    1:13:46 Oh my God.
    1:13:50 It makes no sense because that pigment is in the dermis, it’s in the deeper part of
    1:13:51 your skin.
    1:13:56 The rubbing olive oil and sugar is not going to get rid of that, but people put makeup on
    1:13:58 over it, and they try to … It’s silly.
    1:13:59 Yeah.
    1:14:00 There’s a lot of BS out there.
    1:14:01 I agree.
    1:14:02 Oh my gosh.
    1:14:06 A couple last questions here on skincare.
    1:14:12 Botox, now Botox has been going on for so long, and people are doing Botox in their
    1:14:15 20s, their 30s.
    1:14:20 I personally feel like Botox can make people look older, and that their skin gets very
    1:14:24 thin-looking, and their eyebrows start to look very far apart, so I feel like people
    1:14:26 really overdo it with Botox.
    1:14:31 However, I’m not a plastic surgeon expert like you, so I’d love to get your perspective
    1:14:32 on Botox.
    1:14:36 Botox is probably the most popular cosmetic treatment in the history of the world.
    1:14:38 We do a lot of Botox.
    1:14:40 The first question people have is, “Is it safe?”
    1:14:43 In my products, we’ve probably done 20,000 injections.
    1:14:46 We’ve never had a major complication from it, so I think it’s good, but people can get
    1:14:48 overdone by Botox.
    1:14:51 I don’t think it’s going to thin your skin necessarily, but it can thin the muscles under
    1:14:53 your skin.
    1:14:54 Sometimes that’s a good thing.
    1:14:57 When people have overgrowth of muscles, like the master muscles on the sides of your jaw,
    1:15:01 you can cause those muscles to atrophy or to get thinner, and some people actually will
    1:15:04 like that because it can thin the jaw a bit.
    1:15:09 But I think really, in general, it’s a paralyzing agent, so it works well for the upper face,
    1:15:11 so basically, crows feet on up, it can work really well for.
    1:15:15 You’ve got to be very careful when you go below because it can also cause your face
    1:15:17 to not move naturally.
    1:15:20 You really want to use it in a conservative fashion, so I’m a big fan of it.
    1:15:25 I get Botox myself done occasionally, but definitely, it’s something where the amount
    1:15:26 is a big deal.
    1:15:30 Yeah, and I’m not going to lie, I’ve done it a few times, I’ve done it a few times.
    1:15:34 I just feel like the people that do it a lot, it can get a little crazy.
    1:15:38 How do you feel about a jaw filler?
    1:15:40 I do a little bit of jaw filler.
    1:15:44 The issue with jaw filler, so the idea is that if you’ve got a real narrow jaw line,
    1:15:49 I think jaw filler can be very helpful for some people to widen their jaw, and sometimes
    1:15:53 by adding filler there, it can even simulate like your skin’s a little bit tighter because
    1:15:55 it fills the area out a bit.
    1:15:58 It’s not truly a lift as it’s more of a filling out.
    1:16:01 The issue I have with jaw filler and why I encourage people to be very careful with
    1:16:06 it is because we’ve got a certain blood vessel called the facial artery that comes along
    1:16:10 the jaw line, and basically, it goes right underneath the jaw line, and then it curves
    1:16:15 up right around where the jaw area is to go basically up to the nasal labial folder, your
    1:16:17 smile lines up to your nose.
    1:16:21 If somebody is not being real careful and they inject filler into that facial artery,
    1:16:26 you can have major, major problems with what we call vascular occlusion.
    1:16:29 That can cause areas of your skin to turn black.
    1:16:33 It can cause people to even go blind, rare, rare, rare, but it can’t happen.
    1:16:35 Just be very careful with fillers.
    1:16:38 Botox, worst case scenario, you get a droopy eyelid or something like that, it goes away
    1:16:39 after three or four months.
    1:16:45 Other worst case scenario, you can go blind, you can necrosis or kill off parts of your
    1:16:46 lip or your nose.
    1:16:48 Just be very careful with filler.
    1:16:51 Make sure it’s a hyaluronic acid filler if you get filler.
    1:16:53 Don’t do any of these permanent or semi-permanent fillers.
    1:16:56 There’s no antidotes to those, and they can be very dangerous.
    1:16:59 Anthony, thank you so much for joining the show.
    1:17:02 I end my show with two questions that I ask all my guests.
    1:17:05 They don’t have to be related to the topic of the show.
    1:17:09 The first one is, what is one piece of advice our young and profitors can do today to become
    1:17:12 more profitable tomorrow?
    1:17:17 Focus on one thing at a time, get that thing done, and then move on to the next thing.
    1:17:21 Because once you get that source of income or whatever done, you’re going to start making
    1:17:26 a profit off of that first, then go to the next thing versus having a bunch of projects
    1:17:29 that are left undone where you’re making nothing off of them.
    1:17:30 Love that advice.
    1:17:33 What is your secret to profiting in life?
    1:17:37 My secret to profiting in life is honestly thinking about other people, because in the
    1:17:43 end, if you focus on the needs of other people, it will come back to you sometimes exponentially.
    1:17:47 If you only focus on yourself, in the end, you’re going to end up alone.
    1:17:50 Really focusing on the needs of others, it always works out in the end.
    1:17:53 I do believe in karma, and I think what you put out there in the universe will come back
    1:17:56 to you one way or another.
    1:17:59 Where can our listeners learn about you and everything that you do?
    1:18:00 Thank you.
    1:18:04 I’ve got my book, Younger for Life, but I’ve got also my podcast, The Dr. Yoon Show, where
    1:18:08 we cover all of these health topics that we’ve talked about in the podcast today.
    1:18:10 Those are two great places to find me.
    1:18:11 Amazing.
    1:18:13 Thank you so much for your time.
    1:18:15 Thank you, Hala.
    1:18:21 Well, guys, I hope you loved that conversation as much as I did.
    1:18:23 It was very entertaining for me.
    1:18:28 Dr. Anthony Yoon is so inspiring, and I think that there’s so many people out there just
    1:18:34 like him who are in a professional services job, who are just dying to be creative and
    1:18:38 to share some of their wisdom with others in a fun way.
    1:18:41 Anthony shows that even if you’re a busy surgeon, you can manage your time and your
    1:18:46 schedule in a way that allows you to be an influencer and expert on the side and to make
    1:18:48 money while doing it.
    1:18:53 He dedicates every Friday for content creation, and he’s raised his profile so much that
    1:18:56 he can now charge much more for his surgeries.
    1:19:01 But Anthony’s goal is to help as many people as possible, and not just to operate on them.
    1:19:04 And that makes him all the more credible and compelling.
    1:19:09 I loved his concept of autojuvenation and tapping into our own body’s innate ability
    1:19:11 to heal and rejuvenate.
    1:19:16 You can look five to 10 years younger without any procedure or treatment.
    1:19:20 And as Anthony put it, the younger you look, the longer you’ll live.
    1:19:24 And quite frankly, the better you’ll do in business too, taking care of yourself and
    1:19:26 looking your best really matters.
    1:19:28 It just does.
    1:19:30 And nowhere is that more apparent than our skin.
    1:19:34 Our skin is that magic mirror that reveals how well we’re doing.
    1:19:37 Not just on the outside, but on the inside as well.
    1:19:41 And whether it’s red light therapy, wearing sunscreen, or switching from bar soap to a
    1:19:45 facial cleanser, there’s some simple steps you can take to improve the health of your
    1:19:49 skin and your body and improve your appearance in the process.
    1:19:52 Thanks for listening to this episode of Young and Profiting.
    1:19:56 If you listen, learn to profit it from this conversation with Dr. Anthony Yoon, then please
    1:20:00 share this podcast with someone who wouldn’t want to learn how to look five or 10 years
    1:20:01 younger.
    1:20:05 And if you did enjoy this show and you learned something, then take a couple minutes to drop
    1:20:08 us a review on Spotify or Apple podcasts.
    1:20:11 Guys, I read these reviews every day.
    1:20:13 They always make my day.
    1:20:17 And if you enjoy this podcast, if you listen to it on your commute, if you listen to it
    1:20:21 while you’re working out, if you listen to us every single week or every single day, let
    1:20:25 us know how you feel about it, give us some feedback, let other people know how you feel
    1:20:29 about the podcast so you can help us get more listeners.
    1:20:33 And if you did enjoy the show and you learned something, then stop what you’re doing real
    1:20:38 quick and drop us a five-star review on Apple podcasts, Spotify, or wherever you listen
    1:20:39 to your podcast.
    1:20:42 Guys, it is totally free to listen to this podcast.
    1:20:48 You learn from it every day, every week, when you’re working out, when you’re driving or
    1:20:51 however you tune into the show, you’re learning.
    1:20:54 And the number one way to thank us is by dropping us a review.
    1:20:55 Plus, I love to read them.
    1:20:57 They make my day.
    1:21:01 If you guys prefer to watch your podcast as videos, you can find us on YouTube.
    1:21:06 You can also find me on Instagram @yappwithhalla or LinkedIn by searching my name.
    1:21:07 It’s Hala Taha.
    1:21:11 And before we go, I want to give a big shout out to my awesome Yap Media family.
    1:21:17 Thank you so much for all that you guys do producing the show, booking the guests, preparing
    1:21:21 the research, making the videos, writing the show notes.
    1:21:23 You guys are just awesome.
    1:21:24 Thank you for all that you do.
    1:21:28 This is your host, Hala Taha, aka the podcast princess, signing off.
    1:21:31 [MUSIC PLAYING]
    1:21:34 (upbeat music)
    1:21:36 (upbeat music)
    1:21:39 (upbeat music)
    1:21:41 (upbeat music)
    1:21:51 [BLANK_AUDIO]

    When Dr. Anthony Youn entered high school, his jaw began growing abnormally, to the point where he could stick his tongue through the gap between his upper and lower teeth. To fix the problem, he underwent plastic reconstructive surgery. Not only did it profoundly change how he looked and felt about himself, but it also set him on the path to a career in plastic surgery. Today, he’s one of the world’s most trusted plastic surgeons, known for his holistic approach. In this episode, Anthony shares some of his best hacks for maintaining youthfulness, from skincare and nutrition to his favorite non-invasive treatments for naturally slowing aging.

    In this episode, Hala and Anthony will discuss: 

    (00:00) Introduction

    (03:07) The transformation that sparked his passion for plastic surgery

    (04:13) Plastic surgery as a last resort

    (06:29) Growing his business with social media

    (13:15) Building multiple income streams as a professional

    (21:09) Holistic Plastic Surgery

    (32:51) The Importance of Looking and Feeling Your Best

    (35:30) Aging Gracefully: Audrey Hepburn’s Timeless Beauty

    (36:21) The Five Pillars of Youthful Skin

    (37:35) Two-Minute Skincare Routine for a Youthful Glow

    (40:54) Sunscreen: Myths, Facts, and Recommendations

    (57:56) Fermented Foods and Gut Health

    (59:53) Facial Massages: Fact or Fiction?

    (01:03:49) Botox and Fillers: What You Need to Know

    (01:06:44) Final Thoughts and Key Takeaways

    Dr. Anthony Youn is a well-known plastic surgeon, author, and social media influencer with over 8.4 million TikTok followers. Known as “America’s Holistic Plastic Surgeon,” he advocates for natural rejuvenation, focusing on wellness and non-invasive methods over surgery. His latest book, Younger for Life, offers practical, science-based strategies for turning back the clock through diet, skincare, and natural remedies. In addition to running a successful medical practice, Dr. Youn hosts the popular Dr. Youn Show podcast. He regularly appears on TV shows like The Rachael Ray Show and Dr. Oz.

    Sponsored By:

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    Connect with Dr. Youn:

    Dr. Youn’s Website: https://www.dryoun.com 

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    Dr. Youn’s Instagram: https://www.instagram.com/tonyyounmd/ 

    Dr. Youn’s Tiktok: https://www.tiktok.com/@doctoryoun

    Resources Mentioned:

    Dr. Youn’s Book, Younger for Life: Feel Great and Look Your Best with the New Science of Autojuvenation: https://www.amazon.com/Younger-Life-Great-Science-Autojuvenation/dp/1335007873 

    Dr. Youn’s Podcast, The Dr.Youn Show: https://www.dryoun.com/podcast/ 

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    Use code ‘podcast’ for 30% off at yapmedia.io/course.

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  • YAPClassic: Morgan DeBaun, Your Startup Survival Kit for VC Funding and Leadership

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:08 As always, you can find all of our incredible deals in the show notes.
    0:01:23 Welcome back, my dear young end-profiters.
    0:01:27 Today we’re showcasing an interview I did last year with the remarkable Morgan Devon.
    0:01:32 Morgan is a serial entrepreneur and the founder and CEO of Blavity Incorporated, a leading
    0:01:36 digital media company for black culture and millennials.
    0:01:42 When 18-year-old Michael Brown was killed in her home state of Missouri back in 2014,
    0:01:45 Morgan was working at a technology company in Silicon Valley.
    0:01:50 She was unhappy with her job and disappointed with the media’s coverage of the events unfolding
    0:01:51 in Ferguson.
    0:01:54 And then she decided to change course.
    0:01:58 She co-founded Blavity, which became a leading digital media company.
    0:02:02 And guys, her entrepreneurship story is so inspiring.
    0:02:05 She started it all with an email newsletter.
    0:02:08 I love her story, I can’t wait for you guys to hear it.
    0:02:12 And starting her business and eventual media empire from scratch meant that Morgan had
    0:02:15 to learn from the School of Hard Knocks.
    0:02:19 In this episode, she and I talk about how to navigate some of the most challenging parts
    0:02:24 of founding a startup, including how to pitch a VC firm and how to work effectively with
    0:02:27 your investors and backers once you do land them.
    0:02:31 Something that I know nothing about as a bootstrapper, so I really enjoyed learning from her.
    0:02:33 I think you guys are going to love this one.
    0:02:36 Let’s get right into the tape.
    0:02:41 Morgan, welcome to Young and Profiting Podcast.
    0:02:42 Thanks for having me.
    0:02:43 Excited to be here.
    0:02:45 I’m so happy to have you on the show today.
    0:02:50 I think we’re going to garner a lot of life lessons from your journey, and you’ve accomplished
    0:02:52 so much at such a young age.
    0:02:56 And it seems like a lot of your success really comes from being able to effectively straddle
    0:03:01 so many different environments and communities from Silicon Valley to St. Louis, where you
    0:03:02 grew up.
    0:03:03 So let’s start here.
    0:03:07 How did your childhood in St. Louis impact your outlook on life today?
    0:03:14 Yeah, I was born and raised in St. Louis, Missouri, middle of America, very like American
    0:03:15 values.
    0:03:22 I think that one thing about being in the Midwest is people work hard, but also maybe
    0:03:25 don’t make it to where they want to go.
    0:03:33 So this kind of idea of hard work pays off, and if you just buckle up by your bootstraps,
    0:03:36 it’s what you’re taught, like living in America, and that’s what they say.
    0:03:40 But in reality, it’s not just hard work.
    0:03:43 And I saw that, and I think I observed that time and time again, and when I eventually
    0:03:49 moved to Silicon Valley straight after graduation, I went to Wash U for undergrad and moved out
    0:03:54 to the Bay Area, I was like, “Oh, this is not about hard work at all.
    0:03:59 This is about access, opportunity, yes, you need discipline, yes, you need to be focused.
    0:04:01 You know, there’s all these different things you need.”
    0:04:06 But it is not just about brute force, and I think that’s one of the things that I really
    0:04:10 encourage people to reconsider as they’re building towards their financial freedom and
    0:04:17 their wealth journey or their business, because this hustle culture, I think, has messed up
    0:04:19 our perception of what’s possible.
    0:04:25 I love that, and I know that in your work, you often talk about code switching throughout
    0:04:26 your childhood.
    0:04:30 How you always had to sort of be a certain person in one place and then switch off in
    0:04:33 a different place depending on your environment.
    0:04:36 And I think a lot of people who are listening to this podcast, they might not even know
    0:04:37 what that means.
    0:04:39 They might not understand that people have to do that.
    0:04:40 So talk to us about that.
    0:04:46 Yeah, you know, I am a black woman, and I grew up in a diverse set of different sets
    0:04:47 of schooling.
    0:04:50 You know, I went to a Catholic all-girls school.
    0:04:55 I’m not Catholic, I’m Christian, but, you know, that’s a very different type of Christian.
    0:05:02 I then went to a primarily white institution, WashU, where the black population was four
    0:05:10 to six percent, depending on the year, and I always view the ability to be one of the
    0:05:15 underrepresented groups as an opportunity to, one, learn how other people think other
    0:05:22 cultures work, and then, two, also re-establish a really clear grounding of who I am, not
    0:05:26 just what society has propelled me to be.
    0:05:31 And I think learning that skill at a young age, whether I wanted to be the other or not,
    0:05:35 forced me to have this resiliency, but then also have this ability to be flexible, so
    0:05:40 when I moved into the workspace, I moved into different professional spaces, I was able
    0:05:44 to say, okay, I know how these white boys in Silicon Valley move.
    0:05:47 I know how the corporate industry moves.
    0:05:52 I know how to have a conversation with someone who I don’t necessarily agree with their religious
    0:05:57 beliefs, but we’re still able to have a connection and not necessarily be intimidated by moving
    0:05:59 in and out of these different groups.
    0:06:01 Yeah, that makes sense.
    0:06:08 So I’m Palestinian American, really crazy time to be a Palestinian American in America,
    0:06:14 and I grew up in a way where I feel like I had more privilege than maybe other Arab-Americans
    0:06:15 had in America.
    0:06:21 My dad was a doctor, he worked really hard, and then I felt like I have this extreme responsibility
    0:06:28 to be very successful and sort of help other people along the way because I just feel like
    0:06:30 I started off at a different place from other people.
    0:06:32 Do you feel this same similar?
    0:06:35 Because I hear that you went to private school and probably a very different experience from
    0:06:38 other African-American people from that region, especially.
    0:06:43 Yeah, you’re right, and I actually, my dad’s a doctor as well, so we’re not surprising
    0:06:49 we kind of both wound up in similar but different, but yeah, I do feel like because I was able
    0:06:56 to see the access of opportunity that I had compared to other folks, black folks who lived
    0:07:01 in St. Louis specifically, I went to a public school all the way through middle school and
    0:07:05 then private for high school, and so I was able to see all my friends from middle school
    0:07:11 who didn’t make it, who didn’t graduate from high school, who had children really, really
    0:07:16 young who are still in St. Louis right now and didn’t necessarily make it out of the
    0:07:20 city, not that there’s anything wrong with staying where you’re from, but if they had
    0:07:25 had a choice, I think they would have chosen a different life for themselves, and I think
    0:07:31 that the internet and being able to have access to Silicon Valley has given me the chance
    0:07:36 to say, okay, how do I build a platform to bring other people along and speed up the
    0:07:41 likelihood and reduce that gap between if I had the opportunity and the access, I would
    0:07:47 be more successful, I would have more wealth, more savings, more freedom, more control over
    0:07:51 who I want to be and how I spend my time, so definitely I think that was a huge part
    0:07:55 of how I wound up doing this.
    0:07:56 Totally.
    0:08:00 And so you ended up graduating at the top of your class at Washington University in St.
    0:08:05 Louis, and that’s not exactly like a feeder school for Silicon Valley, so how did you
    0:08:09 end up transitioning and going to Silicon Valley?
    0:08:12 It is not a feeder school for Silicon Valley at all.
    0:08:14 People thought I was a little bit nuts.
    0:08:20 This was, again, what, 12, 13 years ago, I mean, Silicon Valley was not really in vogue
    0:08:28 like it is now, our startup life, and so I worked at a tech company in St. Louis, one
    0:08:38 of the very few as an intern, my junior senior year, and I took the time to understand, okay,
    0:08:42 how did this guy get all this money, like the founder was like, which is very confusing
    0:08:46 to me because it’s just so not normal in the day-to-day life of what I was saying from
    0:08:48 like entrepreneurs and business folks.
    0:08:51 And he told me, I said, well, where should I go when I graduate?
    0:08:52 Where should I be applying?
    0:08:53 And he said, you should apply to Singapore.
    0:08:57 You should go and look for companies in Singapore and try to get to Singapore post-graduation.
    0:09:02 And I was like, look, this black girl is going to Singapore.
    0:09:03 That’s a stretch.
    0:09:05 What’s my number two option?
    0:09:06 Okay.
    0:09:08 What is my number two option?
    0:09:13 And he said, okay, you can go to Silicon Valley, but there’s a lot of the dot-com wealth gain
    0:09:17 has already been done, but there’s still a lot of room for growth there.
    0:09:21 So I started looking at companies whose products I used.
    0:09:26 And at the time, I was filing my taxes for the first time because I had my low internship
    0:09:31 and I was making some money and then I was using Mint.com to manage that money.
    0:09:35 And so I wound up applying to a company called Intuit, which has grown tremendously since
    0:09:39 then and moved out to the Bay Area to work there.
    0:09:45 So it was definitely not the pathway that was traditional for the cohort of people that
    0:09:46 I was around.
    0:09:52 And yet the beautiful thing about going outside your pathway is that once you get there, you
    0:09:56 actually find a whole new tribe of people that did exactly the same thing.
    0:09:58 I love that.
    0:10:04 So when I got there was certainly a culture shock from a vocabulary perspective.
    0:10:05 I didn’t go to Stanford site.
    0:10:08 I didn’t know all of the things that people were talking about.
    0:10:10 But the energy was my energy.
    0:10:15 It was people who wanted to do big things, who wanted to build for millions and billions
    0:10:18 of people, who wanted to make an impact at an early age, didn’t want to wait until they
    0:10:22 were 60 to have a say.
    0:10:23 And that was really energizing for me.
    0:10:24 Yeah.
    0:10:29 And it sounds like you did find a community, but were there any points in this experience
    0:10:34 in Silicon Valley where you were treated like an outsider or felt like an outsider?
    0:10:35 Yeah.
    0:10:40 I think I found a community of people who were like-minded, but not necessarily who
    0:10:43 I think had the social awareness that I had grown up with.
    0:10:49 So because it’s a very homogenous community of mostly white and Asian men, we can talk
    0:10:52 the talk about venture funding and tech.
    0:10:57 But when it comes to, hey, why don’t we potentially put the product in Spanish?
    0:11:01 It’s like, why would we do that?
    0:11:06 You know, are like, when we do our user testing, why are the only people who use our tests
    0:11:08 just stay-in-home moms in Palo Alto?
    0:11:12 Maybe we should get some more diversity in our like UI/UX research study groups.
    0:11:19 So I found myself having friction on the how to get things done and feeling like I was
    0:11:24 explaining myself and educating them, these people who make 10X what I make, who are the
    0:11:26 big bosses in the room.
    0:11:32 And I made a decision at that point after a few years of like learning the game, oh,
    0:11:33 this could be the rest of my life.
    0:11:40 I could stay in corporate and be the girl who’s like explaining all the things.
    0:11:44 But is that really, is that going to be the fastest way, one, for change?
    0:11:47 Because I would only be at that company if I was doing it.
    0:11:49 And two, is that how I want to spend my time?
    0:11:53 Is that the impact that I want to make?
    0:12:00 And that was the friction between loving my work, loving the ecosystem, identifying, you
    0:12:03 know what, we’re not quite there yet, and then trying to figure out, well, what is my
    0:12:05 role in this space?
    0:12:06 Yeah.
    0:12:12 And then I know around that time, you started to really see like an opportunity in the marketplace,
    0:12:14 especially when it came to brown and black people.
    0:12:15 What was it that you saw?
    0:12:16 What gaps did you see?
    0:12:17 Yeah.
    0:12:22 So about two and a half, three years in, Michael Brown was killed in St. Louis.
    0:12:29 So I was having a moment where I would go into my cubicle in downtown San Francisco,
    0:12:37 and I would be heartbroken, just screaming internally at the computer, on my phone.
    0:12:40 And meanwhile, the world’s just like operating like nothing is wrong.
    0:12:41 We know how it feels.
    0:12:42 I know how it feels.
    0:12:43 I’m going through it right now.
    0:12:51 You know, everybody’s just bumping along, and you’re like, hello, what is going on?
    0:12:52 You know, and how can I be helpful?
    0:12:53 How can I leverage my platform?
    0:12:59 How can I use my skills, my unique set of skills to make an impact?
    0:13:01 And I didn’t have a platform at the time, right?
    0:13:05 I mean, I’m 24 years old, right?
    0:13:14 But I did have skills, and I did have the ability to say, you know what, I now have some network.
    0:13:22 Let me figure out how I can create a unique brand and company that is an advocate for
    0:13:27 this group of people that’s often overlooked, and more importantly, doesn’t have the information
    0:13:33 distribution systems that we needed to get information from place to place in an accurate
    0:13:34 way.
    0:13:38 It’s crazy that I’m saying this right now because it’s like the exact same problem is
    0:13:41 happening in a lot of different communities.
    0:13:42 And it’s terrible.
    0:13:48 It’s a terrible problem when you are the underrepresented group trying to get information
    0:13:55 to one another that is accurate, that is in real time, and that you’re trying to get resources
    0:14:00 to the people on the ground, which in our case was back in St. Louis, like bail bonds.
    0:14:02 You know, people were going to jail when you’d get them out of jail.
    0:14:06 People were then driving to different cities where all these uprisings were happening.
    0:14:08 You need to get them money.
    0:14:10 It’s an entire cluster.
    0:14:15 And without media and information, sharing and platforms, you wind up just perpetuating
    0:14:17 the cycle over and over again.
    0:14:18 So that was the problem.
    0:14:24 And that’s when I said, I’m going to take this leap and really commit to over the next
    0:14:28 three to four months figuring out how to quit my job and be full-time working on Blavity.
    0:14:29 Wow.
    0:14:35 So I didn’t realize that Blavity first started off basically to help a human rights movement
    0:14:37 within America.
    0:14:38 That’s basically why it started, right?
    0:14:41 And then it’s evolved and we’ll talk about the evolution.
    0:14:45 So it really started off with you creating an email newsletter, right?
    0:14:47 Why did you start that way?
    0:14:48 Cheap free.
    0:14:49 I was broke.
    0:14:54 You know, I think the email newsletters are smart because you can just get to people fast.
    0:14:59 You don’t have the dependency on social network algorithms, much like SMS.
    0:15:01 You’re right in people’s fingertips.
    0:15:05 It’s really hard for people not to open emails or at least scan the subject line.
    0:15:11 So that was my lowest barrier to entry to be able to get to the masses of people that
    0:15:13 we wanted to connect with.
    0:15:14 And how did you first collect emails?
    0:15:19 Well, what I did probably wasn’t legal.
    0:15:24 But I scraped emails from like when people wouldn’t be CC lists within our little community.
    0:15:27 I’m like, I’ll immediately adding you to my email list.
    0:15:29 I would do not recommend this to anybody.
    0:15:33 But 10 years ago, that was like all, that was normal 10 years ago to your point.
    0:15:35 It’s different times now.
    0:15:36 It’s different times.
    0:15:38 And I love email newsletters, guys.
    0:15:42 I just really started getting into email like the last year and it’s been awesome.
    0:15:44 People really click those things.
    0:15:48 They really open it up into your point, especially when it’s like sensitive topics.
    0:15:52 You don’t have the algorithm and social media networks like shadow banning you or you could
    0:15:54 just get the word out.
    0:15:58 So how did you figure out the kind of content that your audience really wanted to read?
    0:16:01 What was the ways that you got your content ideas for this email newsletter?
    0:16:02 Yeah.
    0:16:03 So there’s two things.
    0:16:07 On one end, we were able to track all the information in the newsletter, right?
    0:16:11 You’re able to track what people are watching, what people are clicking on, if they’re sharing
    0:16:15 the newsletter, if your newsletter is growing organically, what I called and what the world
    0:16:17 calls as a viral coefficient, right?
    0:16:21 So for every two or three people who sign up for the newsletter, do you get another one
    0:16:23 to three people?
    0:16:25 So you’ve got a good machine going on.
    0:16:29 That’s very organic and that’s going to allow you to grow quickly and cheaply.
    0:16:33 And that’s what you’re looking from a Silicon Valley perspective as a product manager.
    0:16:37 That’s what I was looking for was, is this sticky enough that people are going to share
    0:16:42 it on their own so that I don’t have to try to build a huge marketing engine?
    0:16:47 The product and the value should be so good that they want to share it.
    0:16:49 And we learned a lot of different things really quickly.
    0:16:54 I mean, the good thing about a daily newsletter is that you have a daily data set every day.
    0:16:58 And what we found was a few different things.
    0:17:02 One, what people say they want to read or watch is different than what they click.
    0:17:09 And as a curator of information as a platform, you have to decide and have really strong
    0:17:16 values or else you could go to a place where people are just clicking without any sort of
    0:17:19 value to that person, if that makes sense.
    0:17:23 If I just went by clicks, I would just write about Kim Kardashian all day.
    0:17:27 But that’s not really what we needed called PWI.
    0:17:31 This might have been your experience as well, but like, you know, you go to lunch, everybody
    0:17:35 plays this with who they identify with at lunch.
    0:17:37 And so you couldn’t tell the black people anything.
    0:17:42 As far as I’m concerned, I went to an HBC because it was like black, black, black all
    0:17:45 the time, especially at lunch and parties and things like that.
    0:17:50 And anytime we would all discover each other, have critical conversations, people would
    0:17:53 be doing homework, people would be talking about dating, like whatever was going on.
    0:17:58 It was just this really beautiful moment in the day where you felt seen and heard and
    0:18:04 felt like you were part of a community, even though when you walked out that lunch room,
    0:18:11 it’s back to you and you and two other people in your Econ 101 class.
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    0:23:05 So, I know that you started Blavity as a side hustle while you were into it.
    0:23:07 Talk to us about what that experience was like.
    0:23:08 How are you spending?
    0:23:10 How are you spending your time?
    0:23:13 I woke up really early.
    0:23:17 We’re on the West Coast, so I would wake up and do East Coast meetings, go to work, walk
    0:23:18 to work.
    0:23:24 I was saving every penny I had, so I was eating boiled eggs and oatmeal, and avocados are
    0:23:25 cheap in Cali.
    0:23:30 I would even bring Tupperware to work because we had a lot of free food, just like shameless.
    0:23:36 I was just saving every penny that I had, and after work, I would have to like happy
    0:23:42 hours or founder meetups, just trying to immerse myself in the community and get to know who’s
    0:23:46 who and the players and how the tech industry worked.
    0:23:54 And then from there, in 2014, in January of 2014, I was starting Blavity.
    0:23:59 We launched our first version of the product in the spring, the first version of the website
    0:24:01 in July of 2014.
    0:24:04 My grandma was killed in August.
    0:24:11 And if he hadn’t been murdered, I wouldn’t have, I think, felt the urgency to quit.
    0:24:17 I think I would have stayed on the side hustle, main hustle dance for another year, but at
    0:24:22 that point, I said, “Okay, I have to figure out my finances to be able to quit.”
    0:24:30 So by October, I was fully out of the business, I’m at Intuit, and I took on more side hustles
    0:24:36 actually once I quit because I still had a downtown apartment in downtown San Francisco,
    0:24:38 and I was financing, I was bootstrapping the company.
    0:24:43 So I was paying for the engineers, the bloggers, the site maintenance and everything.
    0:24:48 So I took on a consulting job, I arbitraged an apartment so that I could, you know, I
    0:24:52 rented out an apartment and then rented it out to somebody else for a higher price.
    0:24:57 And I was literally just hustling, trying to make ends meet so that as much of my discretionary
    0:25:00 income as possible could go into the business.
    0:25:03 So I have no experience with fundraising.
    0:25:06 I started my companies totally bootstrapped.
    0:25:09 I think a lot of people don’t have the experience that I had.
    0:25:14 It was like a slow organic experience, and then I got really huge retainers as soon as
    0:25:16 I started my companies.
    0:25:20 So let’s talk about fundraising because you have a lot of experience with it.
    0:25:24 Talk to us about the steps that we have to take to get VC money.
    0:25:27 What are the things we need to prepare, things we need to create?
    0:25:29 How do we go out and find people to pitch to?
    0:25:32 Just walk us through that whole process.
    0:25:34 You know, if I could have stayed bootstrapping, I would have.
    0:25:38 I think it’s the better option for most people.
    0:25:43 And in my scenario, the reason why I ultimately decided to fundraise is because I couldn’t,
    0:25:48 we were growing so fast, I couldn’t self-finance the growth, and we were leaving a lot of money
    0:25:50 on the table.
    0:25:54 And I also felt a responsibility to convert people who were working as contractors or
    0:25:58 bloggers into a more sustainable, like, living baseline wage.
    0:26:02 I mean, it was still startup wages, but something is better than nothing.
    0:26:09 So it was about the summer after Blavity Launch 2015 when I went out to try to fundraise.
    0:26:14 Now again, Black Girl, San Francisco, 2014.
    0:26:15 Not really in vogue.
    0:26:20 There’s a lot of new conversations around equity in VC, and I love that.
    0:26:21 It’s beautiful.
    0:26:28 There’s funds dedicated to minorities raising money, but none of that existed when I was
    0:26:29 out there.
    0:26:34 So the first thing is identifying why you’re fundraising and making a decision on if your
    0:26:38 business is venture-backable or not.
    0:26:41 And at the time, there was a lot of media companies that were raising money.
    0:26:49 You had Vice, you had BuzzFeed, you had Upworthy, Attention, so many media companies.
    0:26:52 Mike, for example, some of them exist now, some of them don’t.
    0:26:58 But I had enough data that showed, yes, this is a category that people will spend and invest
    0:26:59 in.
    0:27:03 Then the second thing is, do you want to be a venture-backed founder?
    0:27:07 Because there’s another set of responsibilities that comes from taking outside money.
    0:27:12 You dilute yourself and give away a piece of your company, and therefore you’re getting
    0:27:14 power away.
    0:27:17 And the more money you raise, the less power you have.
    0:27:22 And the more people who become your bosses, the irony of entrepreneurship.
    0:27:26 And then the last thing is, if I take this money, am I going to be able to give it back
    0:27:31 at a really high return at the speed at which this industry requires me to do so?
    0:27:36 So typically in the venture capital world, they’re looking for a five to seven-year return
    0:27:42 timeframe, which means within five to seven years, you need to sell your company or you
    0:27:45 need to have an IPO, which is a public sale.
    0:27:51 So am I, as the founder, willing to commit to a five to seven-year timeframe?
    0:27:53 At the time, I was.
    0:27:56 So all of those things were true for me.
    0:28:01 I went out to raise money, and I was really militant and really strict at the time.
    0:28:02 And so what did I do?
    0:28:04 I said, I want all black investors.
    0:28:06 I want to all blackboard.
    0:28:10 And this is a black media company, so the people who own this need to be a reflection
    0:28:11 of our community.
    0:28:12 Right?
    0:28:13 Well, all the black people said, no.
    0:28:18 So that was a strike.
    0:28:22 And they were friendly about it, and I know all these people now, and I love them now.
    0:28:23 But it hurt.
    0:28:25 I mean, I was on the floor crying.
    0:28:27 I mean, it was terrible.
    0:28:32 I felt like, if they don’t get me, then how could somebody else?
    0:28:36 And like, if they don’t want to put the money behind this problem that impacts them and
    0:28:41 their children and their children’s children and all the things, then why would Jenny from
    0:28:43 around the block do it?
    0:28:47 So I had to sit for a couple of weeks and lick my wounds, and then I was talking to some
    0:28:52 people in my network, and they said, well, have you considered social impact investors?
    0:28:54 And I had never heard of social impact investors.
    0:28:56 I was like, I don’t even know what you’re talking about.
    0:29:04 And a social impact investor is someone or a fund who wants to make investments in venture
    0:29:10 backable startups and enterprise investments, not investing in nonprofits, but they do have
    0:29:16 a strong fiduciary responsibility to invest in companies that are going to do good.
    0:29:21 So their set of criteria, while they still want money back, they’re not looking for as
    0:29:23 much money back.
    0:29:28 While they want it fast, if it takes a little longer, and you’re doing good, it’s okay.
    0:29:31 So their set of criteria was a bit different.
    0:29:35 And so my first set of investors actually wound up being social impact investors, people
    0:29:41 who cared deeply about diversity in media and democracy, people who cared deeply about
    0:29:47 there being examples of companies run by women of color at scale that are profitable, that
    0:29:53 aren’t charities, and that is how I raised my first round of funding, which is around
    0:29:57 $500,000, which to me was everything.
    0:30:00 And for a lot of people, that’s a lot of money to get started with.
    0:30:03 So talk to us about the behind the scenes of that.
    0:30:05 How did you find these social impact investors?
    0:30:06 How did you pitch them?
    0:30:07 What was that like?
    0:30:08 What did you prepare?
    0:30:10 What was the meeting like?
    0:30:13 Because I think a lot of people don’t hear this little nitty gritty information in terms
    0:30:14 of fundraising.
    0:30:15 Yeah.
    0:30:19 So I had my deck that was a failure from the first round.
    0:30:24 And so then I knew that I shouldn’t use the same materials because I needed to tell a
    0:30:28 different story, because they’re evaluating impacts, so they were going to want to know
    0:30:29 how do you help people?
    0:30:30 How do you measure impact?
    0:30:37 So I needed to think, put myself in the mindset of these folks and understand what their criteria
    0:30:38 was.
    0:30:39 And I just did research.
    0:30:45 I sent Lamar, I sent literally just brute force reading forums, reading things on Reddit,
    0:30:48 like just research, because I didn’t know anyone.
    0:30:56 And the second thing was I applied for a program that would give me a certain amount of financing.
    0:30:59 It was like $100,000.
    0:31:02 And they were all a group of social impact investors that were financing the program.
    0:31:07 And as a part of that process, they gave you all of these templates to fill out, like
    0:31:10 a financial template, all these questions to answer.
    0:31:14 And so I signed up for that program, it was called a new media ventures.
    0:31:17 They still exist today and still run this program.
    0:31:22 And through that process, I was able to put together my three year projections, financial
    0:31:25 projections, which again felt insane to me.
    0:31:27 I’m like, I’m just making shit up.
    0:31:30 Like, I don’t know what’s going to happen in three years.
    0:31:31 How are you guys going to know?
    0:31:32 Do you know something?
    0:31:33 I don’t know.
    0:31:36 I updated my pitch deck, which was pretty straightforward.
    0:31:40 Like I said, I just updated some of the slides in terms of impact.
    0:31:46 I told the vision of Blavity, Inc., and where I wanted to go differently.
    0:31:51 So I talked about hiring and financing the next generation of journalists.
    0:32:00 I talked about how the more that you see images in advertising, the more it changes your perception
    0:32:05 about what’s possible and that I talked more about the soft stuff.
    0:32:10 And then I won that first 100K.
    0:32:13 And then what I did next, and this is what I would recommend for anybody who’s fundraising,
    0:32:20 I then asked the people who gave me money to help me finish raising the rest of my round.
    0:32:26 I tried to make it their responsibility now that they’ve said yes to me to make me successful.
    0:32:32 And I don’t think enough people put the burden on others to help them be successful when
    0:32:35 actually it is their job and they want to.
    0:32:36 Right?
    0:32:37 You say, “Thank you for the money.”
    0:32:38 And you move on.
    0:32:39 And it’s like, “No, no, no, no.
    0:32:40 Thank you for the money.
    0:32:41 We’re now married forever.
    0:32:42 How else can you help me?”
    0:32:44 And I said, “Introduce me to people.”
    0:32:46 I was introduced to people on their board.
    0:32:48 I was introduced to their financiers.
    0:32:52 And that’s how I filled out the rest of my round was actually all of the really, really
    0:32:55 wealthy people that were giving them money.
    0:33:00 And that kind of created this cover for our initial set of business because I had a really
    0:33:06 strong network of angel investors and funds who made this commitment to, you know what?
    0:33:09 We want to see Morgan, and we want to see Blabity grow.
    0:33:12 And how did you decide how much equity you wanted to give away?
    0:33:16 I hated how much equity I had to give away in the early stages.
    0:33:22 I was shocked and shook at how much these VCs want to give away.
    0:33:29 So every round, they typically want 10% to 20% of your business every time you raise.
    0:33:32 And I was like, “No, I don’t want to do that.”
    0:33:35 So actually, that’s one of the reasons I stopped fundraising.
    0:33:41 So I’ve raised $13 million in the last, you know, over the last six plus years.
    0:33:47 And I have not raised since 2018 because I do not want to continue to dilute my own ownership
    0:33:52 and the ownership of my employees and our existing investors because every time you
    0:33:55 do that, you go down 10 to 20%.
    0:33:56 Yeah.
    0:34:02 I only have given out equity to my executives basically who’ve been on my team because they’re
    0:34:04 putting in sweat equity.
    0:34:07 They’re deciding not to start their own companies to work on this company and so on.
    0:34:12 So you’ve given equity to some of your employees and team members?
    0:34:13 Yeah.
    0:34:14 Every employee at Blavity gets equity.
    0:34:15 Oh, wow.
    0:34:16 Yes.
    0:34:18 I know I’m a crazy lady, but it was important to me.
    0:34:21 Talk to us about why.
    0:34:24 When you become an owner of something, you treat it differently.
    0:34:27 You treat it differently and you make decisions differently.
    0:34:28 I believe that.
    0:34:31 I also believe it’s core to our mission.
    0:34:37 Although we’re not a social impact company only, we’re a for-profit enterprise, I do
    0:34:43 believe that it is my responsibility as a CEO to building more progressive version of
    0:34:44 what companies should look like.
    0:34:45 Yeah.
    0:34:48 I mean, I’m curious just to understand what does that look like?
    0:34:52 If somebody signs on, at what point do they get equities?
    0:34:53 Do they get distributions?
    0:34:55 How does that work?
    0:35:00 We have salary bands based off of levels and so our salary bands that are based off of
    0:35:08 levels also include a set of stock options and those stock options are fair market value
    0:35:09 of the company.
    0:35:14 We have a third party that prices the company one to two times a year and they can buy those
    0:35:18 stock options if they so choose, which is a heavily discounted rate.
    0:35:19 Yeah.
    0:35:20 It’s a private company.
    0:35:21 It’s a private company.
    0:35:22 It’s not like you can sell it.
    0:35:27 We can buy it back from you, but you cannot sell it on the open market.
    0:35:28 It’s off of your level.
    0:35:32 You get a certain amount of shares and you can buy those shares while you’re here or
    0:35:37 if you ever quit and or get fired, you have a window in which you could buy those shares.
    0:35:39 Things don’t work out fine.
    0:35:46 The standard for our company is a four-year cycle of vesting with a one-year cliff, meaning
    0:35:50 you have to be with us for at least a year to get your first 25% of that allocation of
    0:35:51 shares.
    0:35:52 Got it.
    0:35:57 So this also is good for you because it helps you retain your employees.
    0:35:58 Is that right?
    0:35:59 Absolutely.
    0:36:03 I definitely know when people start exercising their shares, I’m always like, “Hold up.
    0:36:04 Are you happy?
    0:36:05 Are you about to leave?
    0:36:06 Are you okay?
    0:36:09 What’s going on?”
    0:36:12 But generally, we see people exercise their shares.
    0:36:15 If they’ve transitioned, we see that take place after the fact.
    0:36:19 People don’t generally exercise during the time that they’re at the company because there’s
    0:36:20 really no reason to.
    0:36:24 But in the event that we sell the company, that means that everybody who has shares gets
    0:36:28 a check, even if you were part of our vision and mission four years ago.
    0:36:30 And I think that’s beautiful.
    0:36:31 That is awesome.
    0:36:32 I want to look into that.
    0:36:33 It sounds really cool.
    0:36:38 So talk to us about how Blavity has evolved over the years because it started as a newsletter
    0:36:41 and I went on your website and I was like, “Wow, there’s a lot going on here.
    0:36:44 So what are the types of things that you do today?
    0:36:45 What’s your business model?”
    0:36:46 Yeah.
    0:36:51 With Blavity today, we have about 200 employees, we’re fully remote all over the country.
    0:36:57 We have two divisions, so really two separate groups of leaders.
    0:36:59 One is our Blavity Media Group.
    0:37:02 Blavity Media Group is the original mission of Blavity.
    0:37:07 We create brands and media brands that speak to our communities and then we work with advertisers
    0:37:11 who want to authentically reach those communities.
    0:37:18 We have big clients, Walmart, MasterCard, Toyota, et cetera, that advertise with us.
    0:37:21 And we have online content and all the good things.
    0:37:25 We also have a publisher network where we work with multicultural publishers that are
    0:37:31 independent or smaller than us, who don’t have the same sales team or ad infrastructure,
    0:37:37 who want to work with the McDonald’s or Toyota or other really incredible partners and run
    0:37:40 their ad operations and monetization for them.
    0:37:41 That’s amazing.
    0:37:44 Sounds like we’re doing really some similar stuff.
    0:37:45 We are.
    0:37:51 And then our second business, which is called Afrotech and Talent Infusion, is really focused
    0:37:56 on talent acquisition and diversity in the tech space.
    0:38:01 And it’s separate from media because ultimately what we’re trying to do is increase the speed
    0:38:09 in which people of color are able to get jobs and increase the pipeline of talent that stays
    0:38:12 in tech and stays at these big companies.
    0:38:17 And so we have a huge conference called Afrotech, typically in November, and we have memberships
    0:38:22 and communities as well as a SaaS product behind the scenes that is for corporations
    0:38:26 to get access to those talent pools year round.
    0:38:28 So let’s stick on this topic of diversity.
    0:38:32 You say diversity must be a true company value.
    0:38:34 How do you make sure that you have a diverse workplace?
    0:38:36 What are some of the things that you do?
    0:38:37 Couple of things.
    0:38:42 One is first, you have to have higher people that are diverse.
    0:38:45 And when I say diverse, I don’t just mean black people.
    0:38:54 I mean truly a diverse set of people across interest groups, religions, political interests,
    0:38:58 particularly if you’re building a product that is for a diverse set of consumers.
    0:39:03 The reason for this, and there’s a million studies on it, but basically diverse groups
    0:39:08 come up with better answers, and diverse groups come up with better profits, and that’s where
    0:39:12 in business, that’s where we are business people, we want profits.
    0:39:15 So once you hire people, then you have to retain them, which is really, really hard
    0:39:16 for a lot of companies.
    0:39:19 They spend all this money to get you, and then when you get there, you’re like, “I don’t
    0:39:20 want to work here.
    0:39:25 This is not what you sold me,” because there’s no diversity at the top.
    0:39:30 And so decisions that are passed through aren’t inconsistent with what they talked about versus
    0:39:34 how it’s actually applied through the workforce, whether that’s pay equity, whether that’s
    0:39:38 access to opportunities and mentorship, whether that’s even feedback.
    0:39:42 It recently just read a research study that showed that if you’re a woman or a person
    0:39:48 of color, the type of feedback, the vocabulary of feedback that you get is very generic versus
    0:39:54 if you’re a male or a white or Asian male, you get very specific feedback, which allows
    0:39:56 you to get better.
    0:40:00 So we’re just widening the gaps.
    0:40:05 So diversity has an inclusion and equity, have to be looked at at every single part
    0:40:07 of your company along the way.
    0:40:13 And then ultimately, I do think it’s important that at the top of these companies, your board,
    0:40:19 your investors, the people who are really making the big decisions need to have inclusion
    0:40:22 and diversity as a part of their own values, because it does make a difference.
    0:40:29 I’m in these boardrooms, I advise big companies, I advise PepsiCo, I advise American Airlines.
    0:40:33 These decisions are made in the boardrooms, so you’ve got to have that.
    0:40:39 And I know that to attract better talent, you say that you celebrate success, and this
    0:40:41 is a great way for you to attract diverse talent.
    0:40:43 Can you tell us what you mean by that?
    0:40:48 Yeah, so at our own company, we really try to showcase the incredible success of our
    0:40:49 employees.
    0:40:54 So if you look at our corporate branding, you look at our corporate social media profiles,
    0:40:57 you’re not going to see a picture of me every five seconds.
    0:40:59 It’s not called Morgan de Bonne company.
    0:41:04 It is a corporation, and I want to make sure that the work of the people who are working
    0:41:06 at this company are acknowledged.
    0:41:11 That’s another piece of data that we see often, is that women and people of color in the workplace
    0:41:13 feel underappreciated.
    0:41:18 And underappreciated, certainly financially, of course, but also just generally, they feel
    0:41:22 like they do a lot of invisible labor that’s not acknowledged.
    0:41:28 And so we try to encourage companies, and even within our own company, create programs
    0:41:32 like quarterly programs where we acknowledge employees who are doing really good work.
    0:41:37 We have peer recognition programs so that you can acknowledge someone you enjoyed working
    0:41:40 on a project with, and they really solved a great thing that happened with a client,
    0:41:44 and they were quick, and they were awesome, and they had a great attitude.
    0:41:51 So we try to create all these different moments for verbal and financial affirmations of people’s
    0:41:52 success.
    0:41:54 And I think companies have started to do that.
    0:41:56 You start to hear about employee engagement.
    0:41:59 You start to see these teams, chief culture officers.
    0:42:04 There’s all these different titles in the tech world, but ultimately it’s about engagement.
    0:42:07 How engaged is your diverse workforce?
    0:42:12 And I know you’re also a proponent of anonymous employee surveys.
    0:42:17 Who child, yes, because, and I used to be not terrified of them.
    0:42:19 I used to be terrified of anonymous surveys.
    0:42:22 I was like, “I don’t know if I want to know what they have to say about us.”
    0:42:28 But what I’ve learned is anonymous surveys, frequent anonymous surveys, and I think that’s
    0:42:29 the key.
    0:42:31 If you do one once a year, you’re going to get a bunch of stuff.
    0:42:35 But if you do these often, and it becomes a part of your culture, then people start to
    0:42:40 feel psychologically safe to share things and things that maybe would be difficult for
    0:42:45 them to tell their direct manager or boss, or they don’t know how to talk about it.
    0:42:47 And you can identify trends much easier.
    0:42:55 And in larger corporations, I think creating safe pathways for communication for everyone
    0:42:56 is really important.
    0:43:01 I say everyone because the other thing that we’ve noticed is that when you create systems
    0:43:08 and tools and cultures that benefit people of color, benefit women, the rest of the group
    0:43:10 also gets unintended benefits as well.
    0:43:12 It’s just like maternity leave.
    0:43:14 When you have maternity leave, that was great.
    0:43:21 But parental leave is better because it actually benefits the whole family unit and the birthing
    0:43:23 person or closed captions.
    0:43:26 I mean, I can’t tell you how many times I’m like, “I don’t know what these people are
    0:43:27 saying.
    0:43:28 Let me turn on closed captions.”
    0:43:32 Well, closed captions used to only be for people who could not hear.
    0:43:36 But now we all benefit from closed captions, right?
    0:43:41 So this idea that we got to go out of our way for diversity and all this stuff, I’m like,
    0:43:43 “Yeah, but it’s going to make it better.”
    0:43:44 That’s such a good point.
    0:43:45 I love that.
    0:43:46 Okay.
    0:43:52 So let’s talk about this corporate mission that you have, which is to advance black happiness.
    0:43:56 How do you define black happiness and what do you feel like you’ve achieved already on
    0:43:57 that front?
    0:43:58 Yeah.
    0:44:00 We spend a lot of time on this mission.
    0:44:02 It’s one that’s really ambitious, which is important.
    0:44:06 When you think about happiness, it’s hard to be happy when you don’t have some fundamentals
    0:44:07 in place.
    0:44:15 Access to safe work environment, access to housing, access to information, equality of
    0:44:20 treatment, access to and safety in your community, right?
    0:44:24 There’s all these different things that are barrier to even being happy.
    0:44:29 And we wanted to start with the top and our work our way there.
    0:44:34 I think that you can find moments of joy and happiness in everything that you do.
    0:44:39 And we wanted to make sure that the work that we are doing every single day at our company
    0:44:41 is striving towards that.
    0:44:48 So when we’re evaluating articles or social media posts, I ask the team, “Is this going
    0:44:49 to do harm?
    0:44:54 Is this going to be neutral or is this going to be a positive impact on happiness?”
    0:44:56 And they have to think about that question.
    0:44:59 And sometimes the answer is like, “I think it’s just neutral, then we don’t really need
    0:45:00 to do it.”
    0:45:05 So now if it’s going to have no impact, why are we wasting our time?
    0:45:08 I really encourage companies and entrepreneurs that are building their missions and their
    0:45:14 values to be ambitious enough that as you get larger, as you become bigger than you
    0:45:18 ever thought you could be and you’ve got all these people working for you, can they
    0:45:22 use and leverage your mission and values in their work every single day as just a gut
    0:45:23 check.
    0:45:27 We’ll be right back after a quick break from our sponsors.
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    0:50:28 You grew this company.
    0:50:31 You’ve got over 200 employees, which is super impressive.
    0:50:37 As a diverse minority woman, you probably didn’t have many leadership experiences before
    0:50:38 you started your company.
    0:50:39 Same thing with me.
    0:50:43 It’s like every leadership position that I’ve ever had was like, I put myself in that nobody
    0:50:44 ever put me in a leadership position.
    0:50:49 It was like an organization I started or whatever.
    0:50:54 Talk to us about some of the challenges you had as a leader over the years, just trying
    0:50:59 to be a good leader to this company without really much experience leading.
    0:51:00 Yeah.
    0:51:01 I mean, I made a bajillion mistakes.
    0:51:04 I’m sure I make mistakes every day now.
    0:51:12 I think what I’ve learned to accept and embrace is that I am on a journey where all I can
    0:51:22 do is control my ability to take input, feedback, and then address it and address it head-on.
    0:51:26 There were times in my life as the leader of this company where I was avoided, where I
    0:51:27 didn’t address it head-on.
    0:51:30 I made all these different excuses.
    0:51:31 This is sexist.
    0:51:34 These are expectations that they wouldn’t have for a male CEO.
    0:51:37 My employees would never say this stuff to a male CEO.
    0:51:42 This would never happen to a white man media company that had the same statistics that
    0:51:43 I have.
    0:51:44 These advertisers would never give us these prices.
    0:51:48 I mean, I made all these different excuses and all these different things, but at the
    0:51:54 end of the day, I’m still who I am, whether those things are true or not true.
    0:51:55 So it’s not really.
    0:52:01 What I’ve learned, it’s not really productive for me to spend any energy there and to very
    0:52:07 quickly move myself towards a place of where it’s in my control, what’s in my power, and
    0:52:12 how can I make an impact or improve the things that are in my control and my power?
    0:52:13 So I took classes.
    0:52:17 I hired executive coaches and read a lot of books.
    0:52:19 I read tons of books.
    0:52:20 I listened to podcasts.
    0:52:22 I’m on a million and one newsletters.
    0:52:28 I mean, I’ve just made learning and learning how to be a better leader a part of my engine
    0:52:30 every single day.
    0:52:35 And I have really close advisors who can give me feedback and call me out and say, “I don’t
    0:52:37 care if you’re black, green, tall, short, Morgan.
    0:52:38 That was a bad decision.”
    0:52:42 That was a bad decision.
    0:52:45 And this is how you need to fix it.
    0:52:50 And just really having a tribe of people who I can go to and trust that are invested enough
    0:52:52 in me and invested enough in the company.
    0:52:53 And that’s my board.
    0:52:54 Those are my co-founders.
    0:52:57 Typically, they’re not strangers I meet off the street.
    0:53:03 I mean, it’s like people who have really been with me a long time and understand the true
    0:53:06 vision of what I’m trying to accomplish.
    0:53:10 And that would be my advice to anyone is like, sometimes when people are looking for mentors
    0:53:15 or advisors, they make this list that’s all the way up here, “You know, I would love to
    0:53:21 have Sheryl Sandberg as my advisor, or I would love to have Elon Musk as my advisor.”
    0:53:22 And I’m like, “Really?
    0:53:24 Like, you know, that’s not really realistic.”
    0:53:25 Yeah.
    0:53:26 Get real.
    0:53:27 Let’s get real.
    0:53:30 But who has been rocking with you for a long time?
    0:53:32 Who is successful, maybe in a different industry?
    0:53:37 Who you can have quarterly meetings with or quarterly lunches or dinners with.
    0:53:43 And that’s how I’ve been able to accelerate, I think, my growth, my personal development
    0:53:50 and also pay it forward to other people through my own advisory or my own podcast so that
    0:53:53 along the way, I can be that for other people.
    0:53:56 Well, I have to ask you, I don’t have a board.
    0:53:59 I always think about starting a board and then I just get too busy and I never start
    0:54:00 a board, right?
    0:54:03 I have like some people with their toes in, right?
    0:54:05 But don’t have a formal board.
    0:54:08 If you have a formal board, how is it structured?
    0:54:11 I do have a formal board.
    0:54:15 When you take venture capital after a certain stage, you have to have a formal board because
    0:54:18 they take 10 to 20% of their company and they want to watch you.
    0:54:21 They have the rights to information.
    0:54:23 I have a board meeting coming up soon.
    0:54:25 So it’s the people who invested who are on the board?
    0:54:26 That’s right.
    0:54:27 Okay.
    0:54:28 So it’s the biggest investors.
    0:54:29 Take the seats.
    0:54:31 And it’s typically an odd number.
    0:54:33 So my board is small.
    0:54:34 It’s three people.
    0:54:36 Some boards are sevens and boards are nine.
    0:54:41 I mean, some boards are huge and we vote on the most important thing.
    0:54:45 So if I want to do an acquisition, I have to get board approval.
    0:54:47 They set my salary, right?
    0:54:49 I mean, I work for the board.
    0:54:51 I am the chairperson of the board.
    0:54:54 I’m also CEO, which are really two separate roles.
    0:54:58 So you know, there may be a time where we hire a CEO, the CEO reports to the board, right?
    0:55:00 And the chairperson is the head of the board.
    0:55:06 So I have double roles, but at some point probably won’t see me as CEO.
    0:55:11 And I’ll still control the board, but that will be a different phase of life for me.
    0:55:14 But basically, that’s how it’s set up.
    0:55:17 And I recommend that people consider, even if it’s an informal board, you don’t have
    0:55:22 to have one with voting rights and all these different things, because learning to organize
    0:55:28 your information on a quarterly basis and key performance indicators for your company
    0:55:30 makes you a better leader.
    0:55:32 And it also helps your leaders become better leaders.
    0:55:37 So the people reporting into you know that you need to go and justify these decisions
    0:55:42 or these hires or these budgets every 90 days.
    0:55:45 And that has made us a better company.
    0:55:47 It has made us a better workplace.
    0:55:53 It has made us a more equitable workplace, because everything is clear and written down.
    0:56:00 There’s none of this, like, just because she wants to, like, no.
    0:56:03 And I think that has been really helpful as to why we’ve been able to grow and mature
    0:56:04 so quickly.
    0:56:10 My last question for you on entrepreneurship, I know from me starting my own company as
    0:56:14 a side hustle and then growing so fast, you had a very similar experience.
    0:56:20 My relationships really took a toll, especially like the first four years of all of this.
    0:56:22 Talk to us about that.
    0:56:26 How much did you have to sacrifice personally and then now that you’ve got your feet on
    0:56:32 the ground, how do you prioritize your life with entrepreneurship?
    0:56:37 I mean, you know, I really do feel like we were living parallel universes.
    0:56:38 It’s brutal.
    0:56:45 I was single for a long time or I had terrible situationships and just, I wasn’t a great
    0:56:46 partner.
    0:56:47 There’s no way.
    0:56:49 I mean, I’m working 12, 16 hour days.
    0:56:51 I don’t have capacity for your stuff.
    0:56:54 I barely have capacity for my stuff.
    0:56:58 And then the type of people that I was dating or in relationship with, then you wind up
    0:57:02 dating people who also have a bunch of stuff going on because that’s not the only way that
    0:57:03 you feel okay.
    0:57:04 Yeah.
    0:57:05 Right?
    0:57:13 So I had a lot of tragic situations, but I think eventually I had to make a decision
    0:57:16 on, do you ever want to have a partner in life?
    0:57:23 Do you ever want to be healthy and not have to meditate for an hour to work because you’ve
    0:57:28 got so much going on, I used to wake up in the middle of the night with my laptop and
    0:57:31 just turn over and just, just tick, tick, tick.
    0:57:34 So that was not sustainable for me.
    0:57:38 It was not the life that I wanted when I looked into the future.
    0:57:45 And it took a lot of hard work and intentionality and behavior shifts to get me to the place
    0:57:46 where I am now.
    0:57:51 I physically left LA, I live in Nashville, Tennessee, because part of it was the physical
    0:57:56 environment, was one that was really hard for me to say no to all the things that were
    0:57:57 coming my way.
    0:58:00 I wanted to be closer with my family, you know, I wanted to have Sunday dinners with
    0:58:01 my parents.
    0:58:09 I wanted to be slightly more normal and I wanted to put myself potentially in a position to
    0:58:10 find a partner.
    0:58:14 And if I wanted a family at some point to be able to have a community and a culture in
    0:58:20 which that family was going to wind up not with my 12 year old doing drugs in LA, but
    0:58:23 somebody who’d be like, oh yes, I don’t even know what kind of a this is.
    0:58:27 I mean, I don’t think that’s really the reality for these kids these days, but like just a
    0:58:33 little bit more innocent than the things going on in New York and LA.
    0:58:37 You see a lot in these spaces and it wasn’t easy.
    0:58:39 People thought I was nuts when I left LA.
    0:58:43 I mean, it’s like, how can you be so successful and have all these things and all these employees
    0:58:47 and stuff that you live in like, Tennessee, it’s making sense.
    0:58:50 But it does make sense to me and it’s worked out.
    0:58:51 Yeah.
    0:58:54 And nowadays as an entrepreneur, you can be just online crushing it.
    0:58:58 You don’t need to be in physical spaces at least all the time anymore.
    0:59:00 So you have a book coming out.
    0:59:01 Tell us about this book.
    0:59:02 What is it called?
    0:59:03 What is it going to be about?
    0:59:04 When does it come out?
    0:59:05 Yeah.
    0:59:06 So I’m finishing writing it now.
    0:59:12 The book comes out next year, next fall, and it’s all about helping other ambitious people
    0:59:17 define life and their success for themselves.
    0:59:20 And even if you’re good, feel like I’m good, but I’m not great.
    0:59:26 I want to get to the point where I’m living every week in my purpose.
    0:59:30 And that might mean I’m a stay at home mom and I’m doing pick up and drop off and I’m
    0:59:34 investing in my hobbies and I’m living a beautiful life.
    0:59:35 That’s great.
    0:59:39 It could mean I’m starting a media company and I’m growing this thing and I’m trying
    0:59:42 to figure out how to navigate all these choices I need to make.
    0:59:47 But the real person that it is for is somebody who aspires to have a vision of the life
    0:59:52 that they want to live and then they’re willing to make some tough, temporary choices like
    0:59:56 you and I have to get there and basically showing them how.
    0:59:57 Well, awesome.
    1:00:00 I can’t wait to have you back on to talk about that book.
    1:00:04 So we’ll have you back on in six months or so when you’re done and the book is coming
    1:00:05 out.
    1:00:06 Thank you so much.
    1:00:08 I end my show with two questions that I ask everyone.
    1:00:13 So the first one, what is one actionable thing our young and profitors can do today to become
    1:00:16 more profitable tomorrow?
    1:00:17 Invest in yourself.
    1:00:23 Whether that’s books, audible, whether that is investing in the stock market so you have
    1:00:30 some safety net, whatever it may be, invest in yourself, you’re going to get paid so much
    1:00:35 more dividends if you invest in yourself before material things.
    1:00:36 I totally agree.
    1:00:42 Getting as many skills as possible is so key, especially in 2023 and beyond.
    1:00:45 And what is your secret to profiting in life?
    1:00:49 And this can go beyond business, beyond financial, beyond the topic of today’s episode.
    1:00:54 The key to profiting in life is so many things.
    1:01:03 I think that my core key to profiting in life is to be happy and joyful and in peace
    1:01:11 in my every day, to be totally, fully like I love today, not always wishing and wanting
    1:01:12 for more.
    1:01:18 Yes, putting in the work during the day to get to my more, but being totally satisfied
    1:01:21 if I ran this day back every day, I’m good.
    1:01:22 Yeah.
    1:01:23 It’s so true.
    1:01:25 Satisfaction is so important to happiness.
    1:01:28 And then we’re just like always chasing something else and never being happy.
    1:01:31 So I really like that you said that.
    1:01:35 Morgan, where can everybody learn more about you and everything that you do?
    1:01:39 You can listen to my podcast, The Journey podcast, where I talk about all the things,
    1:01:43 all my challenges, all the things I fuck up on all the time.
    1:01:45 And then all my fun friends along the way.
    1:01:50 You can follow me on TikTok if you want the crazy weird me.
    1:01:55 And you can follow me on Instagram, of course, if you want the more curated version, such
    1:01:56 as Instagram is these days.
    1:01:57 Awesome.
    1:02:00 Well, I’ll stick all those links in the show notes on make sure that everybody follows
    1:02:01 you.
    1:02:03 Morgan, thank you so much for joining us on the podcast.
    1:02:04 Thank you so much for having me.
    1:02:14 [Music]
    1:02:16 [Music]
    1:02:26 [BLANK_AUDIO]

    When Michael Brown was killed in his home state of Missouri in 2014, Morgan DeBaun was dismayed by the poor media coverage of the story. Realizing there was a gap in authentic, real-time coverage of Black issues, she set out in search of venture capital to build a platform for Black voices. To her disappointment, everyone she approached said no. But she found her way to social impact investors who provided the first round of funding she needed to build Blavity, a leading digital media company for Black culture and millennials. In this episode, she shares how she built an influential media empire and offers practical advice on navigating the toughest challenges of founding and leading a company.

    In this episode, Hala and Morgan will discuss: 

    – Why hard work is not enough

    – Being an outsider in Silicon Valley

    – Bootstrapping vs. raising venture capital 

    – Finding social impact investors to fund Blavity

    – Rallying her investors to raise more capital

    – How diversity can boost your bottom line

    – Celebrating wins to attract and keep the best talent

    – Using anonymous feedback to build a stronger team

    – Learning to lead 200 employees 

    – Balancing entrepreneurship with personal life

    – And other topics…

    Morgan DeBaun is the founder, CEO, and Chairman of Blavity Inc., a company that builds product solutions and media for Black consumers and the enterprises that want to reach them. She launched Blavity in 2014 to address the lack of media representation for Black audiences and has grown it into a multimedia empire that includes brands like Blavity News, AfroTech, Travel Noire, and Shadow & Act. Under her leadership, Blavity reaches over 100 million readers monthly and hosts AfroTech, the largest Black tech conference. Morgan advises top brands on diversity strategies and shares her insights through her podcast The Journey and The Journey Newsletter. Her work and thought leadership have earned her recognition on Forbes’ 30 Under 30, America’s Top 50 Women in Tech, and The Root 100.

    Connect with Morgan:

    Morgan’s Website: https://www.morgandebaun.com/ 

    Morgan’s LinkedIn: https://www.linkedin.com/in/morgandebaun/ 

    Morgan’s Twitter: https://twitter.com/MorganDeBaun 

    Morgan’s Instagram: https://www.instagram.com/morgandebaun/ 

    Sponsored By:

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    Resources Mentioned:

    Blavity Website: https://blavity.com/ 

    Morgan’s Podcast, The Journey: https://podcasts.apple.com/us/podcast/the-journey-with-morgan-debaun/id1687058364 

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    Use code ‘podcast’ for 30% off at yapmedia.io/course.

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  • Mustafa Suleyman: Harnessing AI to Transform Work, Business, and Innovation | E314

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:45 Get 20% off the $25 Working Genius Assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
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    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:09 As always, you can find all of our incredible deals in the show notes.
    0:01:11 Routine work is going to go away.
    0:01:15 That’s going to free us up to be creative as entrepreneurs.
    0:01:22 I’m expecting people to declare that it’s like them and their AI starting this new company.
    0:01:26 You don’t have to learn the language of a computer to interact with it anymore.
    0:01:34 We’re just about to embark on a completely new phase of the digital journey where computers
    0:01:36 are now learning to speak our language.
    0:01:40 It will increasingly be able to see what you see.
    0:01:45 It now lowers the barrier to entry to get access to support and information.
    0:01:46 And that is what is going to be the level up.
    0:02:07 Yeah, fam, welcome back to the show.
    0:02:12 And today we have an incredibly insightful conversation about AI.
    0:02:15 AI is completely transforming the world.
    0:02:19 You’re probably using AI every single day.
    0:02:23 But today we’re going to learn even more about AI than we’ve ever heard before because
    0:02:28 I’ve brought on one of the pioneers of AI, Mustafa Suleiman.
    0:02:33 Mustafa Suleiman is the co-founder of DeepMind, the co-founder of Inflection AI.
    0:02:38 He formerly worked at Google, and now he’s the CEO of Microsoft AI.
    0:02:42 We’re going to learn about all the new developments with Microsoft’s co-pilot product.
    0:02:46 And Mustafa is going to absolutely blow your mind.
    0:02:50 We’re going to learn so much more about AI than we ever have on the show, and we talk
    0:02:56 about the difference between AGI, artificial general intelligence, and the narrow AI that
    0:02:57 a lot of us are familiar with.
    0:03:03 We’re going to learn how AI is becoming more human-like than ever, and how AI is going
    0:03:08 to truly become our co-pilot, helping us in work and life and even potentially one day
    0:03:11 being our co-founders of our businesses.
    0:03:15 Mustafa also is going to cover the containment challenge related to AI, and we’re going
    0:03:21 to learn how we need to make sure we put up guardrails so that AI works for us and not
    0:03:23 against us as a human society.
    0:03:25 I’m so excited for this conversation.
    0:03:27 I really think you guys are going to love it.
    0:03:28 I think you guys are going to learn so much.
    0:03:33 Even if you’re a pro at AI, I guarantee you Mustafa’s future predictions are going to
    0:03:35 really open your mind.
    0:03:39 So without further ado, here’s my conversation with Mustafa Suleiman.
    0:03:43 Mustafa, welcome to Young and Profiting Podcast.
    0:03:44 It is great to be here.
    0:03:45 Thanks so much for having me.
    0:03:47 I’m so excited for this interview.
    0:03:53 My listeners love to learn about AI, so you have been a pioneer in AI.
    0:03:55 You founded DeepMind, co-founded it.
    0:03:57 You co-founded Inflection AI.
    0:04:03 You’re now leading Microsoft AI, and I read your book, The Coming Wave, and one of the
    0:04:06 things that you say is that AI has a lot of threats.
    0:04:10 Just even you say a threat to global world order.
    0:04:12 So my first question is to you.
    0:04:15 Are you an optimist or a pessimist when it comes to AI?
    0:04:20 I think that to be rational, you have to be both.
    0:04:27 And if you just sit on one side or the other, you’re probably missing an important part
    0:04:28 of the truth.
    0:04:34 Because I think wisdom in the 21st century is being able to hold multiple confusing or
    0:04:40 contradictory ideas in working memory at the same time and navigate a path through those
    0:04:46 things which doesn’t leave you sort of characterizing those who disagree with you or somehow see
    0:04:51 things slightly differently in a negative or unconstructive way.
    0:05:00 And so it is true that this AI moment is going to deliver the greatest boost to productivity
    0:05:03 in the history of our species in the next couple of decades.
    0:05:05 That to me is unquestionable.
    0:05:07 I don’t think that makes me an optimist.
    0:05:11 I think that makes me a good predictor of the underlying trends.
    0:05:18 At the same time, it is also going to create the most change in a disruptive, positive and
    0:05:22 negative version of disruptive way we’ve ever seen.
    0:05:26 And that is going to be incredibly destabilizing to the way that we currently understand the
    0:05:27 world to be.
    0:05:32 The way that we work, the way our politics operates, fundamentally what it even means
    0:05:33 to be human.
    0:05:36 So we’re about to go through a revolution.
    0:05:43 And I think that in that world, I’m both optimistic and there are parts of me that do feel pessimistic.
    0:05:47 So one of the things that you talk about related to powerful technologies is a containment
    0:05:48 problem.
    0:05:50 And you say it’s going to be one of the biggest challenges that we have.
    0:05:55 So what is this containment problem and what are the challenges with containing technologies
    0:05:56 like AI?
    0:06:04 Yeah, so in the past, the goal has been to invent things and have science make our lives
    0:06:06 calmer and happier and healthier.
    0:06:11 And the race has been, how do we unlock these capabilities as fast as possible?
    0:06:16 We want to create and produce and invent and solve challenges.
    0:06:22 And that’s what we did with steam and oil and electricity and wind and food systems.
    0:06:26 And we’ve seen this explosion of creativity, certainly in the last couple of centuries,
    0:06:29 but that’s also been the history of our species.
    0:06:36 So the goal there has been proliferate, spread it as far and wide as possible so that everyone
    0:06:39 can enjoy the benefits immediately.
    0:06:45 Now the thing that I’ve speculated about, which is the containment hypothesis, is that
    0:06:51 if we do that this time with AI technologies in a completely unfiltered way, then that
    0:06:58 has the potential to empower everybody to have a massive impact on everybody else in
    0:07:00 real time.
    0:07:04 So we aren’t just talking about spreading information and knowledge, that’s one part
    0:07:10 of it, but increasingly your AI agents or your co-pilots will be able to actually do
    0:07:13 things in the real world and in the digital world.
    0:07:18 And the cost of building one of those things is going to be zero marginal cost, right?
    0:07:21 So everyone’s going to have access to them in 20 years.
    0:07:23 Maybe even much earlier.
    0:07:27 And that’s going to completely change how we get things done, how we interact with
    0:07:31 one another and potentially cause a huge amount of chaos.
    0:07:36 And so a little bit of friction in the system could be our friend here.
    0:07:40 That’s really all that I’m positing in the containment hypothesis.
    0:07:45 Containing things so that we can collectively as a society think carefully about the potential
    0:07:50 future consequences and the third order effects, that seems like a rational thing to do at
    0:07:51 this point.
    0:07:53 That makes a lot of sense.
    0:07:59 So what are your thoughts around AI and a problem surrounding surveillance and bias
    0:08:00 and things like that?
    0:08:05 There are lots of potential ways that this technology gets misused.
    0:08:09 And in some respects, this concentrates power.
    0:08:15 It makes it easier for a small group of people to see what is happening in an entire ecosystem,
    0:08:22 i.e. understand the faces and the images and the patterns of massive crowds of people
    0:08:24 walking around in our societies.
    0:08:26 And that certainly can be used for a lot of good, right?
    0:08:32 I mean, we want to have a police force that is capable of instilling order and structure
    0:08:33 and so on.
    0:08:41 On the flip side, that also makes it easier for authoritarians, despots of any kind to
    0:08:45 identify minority groups that they want to get rid of.
    0:08:50 And it’ll just be much easier to find the needle in the haystack.
    0:08:56 And again, that has amazing benefits because you can catch the bad guy, but it also is
    0:08:57 potentially scary.
    0:09:03 And so each one of these steps forward has that balancing act between the harms and the
    0:09:04 benefits.
    0:09:09 So let’s talk about the benefits, because I’ve been asking you a lot about the negative.
    0:09:14 So how can AI help us solve things like world hunger and poverty and things like that?
    0:09:20 Well, one way of thinking about it is that intelligence is the thing that has made us
    0:09:23 productive and successful as a species.
    0:09:29 It’s not just our muscle or our brawn, it’s actually our minds and our ability to make
    0:09:35 predictions in complex environments to solve hard problems.
    0:09:39 This is really the essence of what makes us special and creative.
    0:09:42 We learn to use tools and we invent things.
    0:09:48 So that intelligence, that technique of being able to predict what’s going to happen next,
    0:09:55 that is actually something that we’re increasingly learning to automate and turn into an intelligence
    0:09:59 system that can be used by everybody.
    0:10:00 So what does that mean?
    0:10:07 That means, okay, well, we now have this very thing that made us smart and productive and
    0:10:09 created civilization.
    0:10:15 That very concept, intelligence, is going to be cheap and abundant.
    0:10:22 Just like energy, frankly, oil has turbocharged the creation of our species and we now have
    0:10:28 seven billion people on the planet, largely as a result of the proliferation of oil.
    0:10:36 The next wave is that everybody is going to get access to personalized real-time knowledge
    0:10:44 and a companion, an aide, a coach, a guide, a co-pilot that is going to help you get things
    0:10:45 done in practice.
    0:10:49 It will help you create and invent and solve problems and get things done.
    0:10:52 And so that is a massive force amplifier.
    0:10:58 So for everybody who wants to solve world hunger or invent new energy systems or solve
    0:11:04 the battery challenge so that we can really unlock the power of renewables, we now are
    0:11:09 going to have a super intelligent aide at your fingertips that’s going to help you work
    0:11:10 through those problems.
    0:11:15 It’s so cool to think about and as you’re talking, I think about the iPhone, right?
    0:11:17 We had that in our pocket.
    0:11:22 It’s not personalized AI, it’s not an AI companion or anything like that, but it gives us access
    0:11:24 to knowledge of the world.
    0:11:29 It really has moved us forward as humans and now there’s like another wave coming and it’s
    0:11:30 pretty exciting.
    0:11:35 I feel like we’re already ready for it because we’ve had stuff like the iPhone and the Internet,
    0:11:36 would you say?
    0:11:37 Yeah, you’re totally right.
    0:11:43 And in many ways, the iPhone’s impact was just as hard for people to predict.
    0:11:50 If you said to people in 1985, what would the internet enable?
    0:11:56 Very few people would have predicted mobile phones with real-time communication, video
    0:12:04 streaming, a camera and a microphone in your pocket on the table, almost in every room.
    0:12:06 That would have sounded terribly dystopian and scary.
    0:12:11 And yet because of the friction, because it’s taken us a couple of decades to really figure
    0:12:17 it out and get it working in practice, we’ve created boundaries around these things.
    0:12:22 We’ve got security, we have encryption, there are privacy standards, there are real regulators
    0:12:28 that make meaningful interventions and there’s public pressure and there’s a reaction and
    0:12:34 it steadies the kind of arrival of these technologies in a really healthy and productive way.
    0:12:35 And it’s kind of mind-blowing.
    0:12:36 You’re right.
    0:12:37 Who would have thought what the iPhone would have done?
    0:12:38 Yeah.
    0:12:40 Well, I’m super excited about everything.
    0:12:42 I do want to touch on your background a bit.
    0:12:46 So you co-founded DeepMind and something that we have in common is that we’re both really
    0:12:48 passionate about human rights.
    0:12:51 I was telling you offline, I’m Palestinian, 100%.
    0:12:56 So top of mind for me, especially this year, you’re Syrian and I know that there’s just
    0:13:00 global issues going on in the world that makes us top of mind.
    0:13:04 And you were a human rights activist long ago, that’s how you started your career.
    0:13:10 So talk to me about how your experience with human rights and activism really helped shape
    0:13:16 your vision and some of your ethical decisions related to DeepMind.
    0:13:18 Thanks for the question.
    0:13:25 Human rights is core to what I believe to be the solution for a peaceful and stable society.
    0:13:31 Your success and my success is probably largely a function of the privilege that we have to
    0:13:38 live in a society not at war, have access to a great education system, be able to get
    0:13:44 access to healthcare, and really just get the chance to be who we want to be instead
    0:13:49 of growing up in societies that are maybe in the middle of a refugee camp, going through
    0:13:56 war, in the middle of complete chaos, families that get moved on month after month or year
    0:13:59 after year and essentially end up being refugees.
    0:14:06 And I think that more than anything, we have to have so much more empathy and kindness for
    0:14:08 people who have been through that struggle.
    0:14:14 There tends to be a sort of demonizing of refugees or migrants as though they’re like
    0:14:17 coming to steal something from our stable worlds.
    0:14:20 But in fact, they’re actually fleeing insane hardship.
    0:14:25 So we have to be way more compassionate and forgiving and kind to those kinds of people.
    0:14:29 And remember that those people are just like us.
    0:14:35 Our societies could fall apart in the US, in the UK, in Europe, just as their societies
    0:14:39 happen to be falling apart at this moment in time.
    0:14:42 And we have to extend a hand of friendship and love.
    0:14:47 And the human rights framework taught me that because I grew up as a pretty strict Muslim
    0:14:55 and I realized, sort of in my late teens and early twenties, that it was too narrow a kind
    0:15:00 of worldview, prioritized being Muslim over being human.
    0:15:03 And it didn’t make sense to me that there wasn’t gender equality.
    0:15:09 It didn’t make sense to me that people who chose to get with a member of the same sex
    0:15:14 suddenly got demonized and they were like evil somehow, that none of that made sense
    0:15:15 to me.
    0:15:19 Whereas a human rights framework respects everybody as equals.
    0:15:22 And I just can’t see how that is in the right way to live.
    0:15:28 So yeah, I became an atheist and secular and a big believer in these kind of rights frameworks
    0:15:29 for everyone.
    0:15:34 And then how did that shape the way that you thought of AI and the way that you decided
    0:15:37 to develop your technology at DeepMind?
    0:15:41 Well, think about AI as a force amplifier.
    0:15:49 So the question is, which force is it amplifying and which frame is it placing on the amplification?
    0:15:54 So what set of values, what ideas is it putting out into the world?
    0:15:55 What are its boundaries?
    0:15:56 What does it not do?
    0:16:01 And so technology is fundamentally an ethical question.
    0:16:08 It is clearly about how we reframe our culture and our ideas and our entertainment, our music,
    0:16:10 our knowledge in the world.
    0:16:14 So it was very obvious to me from the very beginning that we started DeepMind that we
    0:16:20 were going to have a huge moral responsibility to think about what it’s going to be like
    0:16:25 to bring these agents, these co-pilots into the world.
    0:16:26 What would their values be?
    0:16:28 What would they not do?
    0:16:29 What are their limitations?
    0:16:35 That always was a big motivator for me and was a big part of the kind of structure that
    0:16:40 led to our acquisition by Google and subsequent efforts over my time at Google.
    0:16:43 And since then, I’ve always been very focused on that question.
    0:16:47 So when it comes to your technology goals at DeepMind, you have the goal of creating
    0:16:50 AGI, artificial general intelligence.
    0:16:53 We’ve never talked about that on the podcast.
    0:16:56 Probably 90% of my listeners have no idea what AGI is.
    0:16:57 Can you explain what that is?
    0:16:59 Yeah, great question.
    0:17:04 This is a term that gets bounded around quite a lot in nerd niche circles and it’s sort
    0:17:12 of broken out a little bit now, but basically the idea of a general purpose intelligence
    0:17:19 is that it’s capable of learning in any environment and over time it will end up becoming a super
    0:17:20 intelligence.
    0:17:24 It will get better by learning from itself and learning from any environment that you
    0:17:33 put it in, so much so that it exceeds human performance at any knowledge or action task.
    0:17:40 So it could play any game, control any physical infrastructure, learn about any academic discipline.
    0:17:43 It’s going to be a really, really powerful system in the future, but I do think that’s
    0:17:45 a long, long way away.
    0:17:51 Before we get there, there are just going to be regular AI systems or AI companions that
    0:17:55 can talk to you in the same language that you or I talk to one another.
    0:18:00 I’m sure lots of people have played with various chatbots like chatGPT and co-pilot, and you
    0:18:02 can see it’s getting pretty good.
    0:18:06 It’s still a little awkward, but it’s pretty knowledgeable.
    0:18:10 We’ve been reducing the hallucinations quite a lot.
    0:18:14 Lately we’ve added the real-time access to information so it can check up on the news
    0:18:20 and it’ll know the weather and it’ll have a temporal awareness, and those systems I
    0:18:25 think are going to be around for a pretty long time before we have to worry about a
    0:18:28 big AGI, but that is probably coming.
    0:18:35 So when you say hallucinations, are you talking about incorrect information coming from AI?
    0:18:36 Not quite.
    0:18:42 I think of a hallucination as the model inventing something new.
    0:18:46 And so sometimes you want it to be creative.
    0:18:53 We’re actually looking for it to find the connection between a zebra and a lemon and
    0:18:55 a New York taxi.
    0:18:59 And if you ask it that question, it’s going to come up with some creative poetic connection
    0:19:01 that links those three things.
    0:19:06 But then sometimes you just want it to be super to the point and not wander off and
    0:19:10 talk all kinds of creative poetic nonsense.
    0:19:12 You just want it to give you the facts.
    0:19:14 So that’s a spectrum.
    0:19:18 And what we’re trying to do is figure out from a query, like given the thing that you’re
    0:19:25 asking the model, should we put it into a more creative mode or a more precise and specific
    0:19:27 mode that’s more likely to be accurate?
    0:19:30 And that’s kind of the hallucination challenge.
    0:19:32 How is AGI different from narrow AI?
    0:19:34 What’s the main differences?
    0:19:38 What narrow AI is the conversational companions that I was describing.
    0:19:43 It’s limited, it doesn’t improve on its own.
    0:19:49 So you sort of train it within some boundaries, and then it gets good at a specific number
    0:19:55 of tasks, like it’s good at great conversation, maybe it can do document understanding, maybe
    0:19:57 it can even generate a little bit of code.
    0:20:01 But we know what its capabilities are to some extent.
    0:20:06 That’s a narrow version of AI when we use it for a specific purpose.
    0:20:12 A more general AI is going to be one where it has things like recursive self-improvement.
    0:20:18 It could edit its own code in order to get better, or it could self-improve, or it would
    0:20:20 have autonomy.
    0:20:25 It could act independently of your direct command, essentially, or you give it a very general
    0:20:30 command and it goes off and does all sort of sub-actions that are super complicated,
    0:20:35 like maybe even invent a new product and create a website for it and then set up a drop ship
    0:20:40 for it and then go and market it and take all the income and then do the accounts and so
    0:20:41 on.
    0:20:46 I mean, I think that’s plausible in, say, three to five years.
    0:20:50 Before 2030, I think we’ll definitely have that and might well be much, much sooner.
    0:20:51 Could well be like a lot sooner.
    0:20:54 Oh my gosh, that’s so crazy to think about.
    0:20:59 So how does that challenge the way that we think of us as humans and consciousness and
    0:21:00 intelligence?
    0:21:03 Is it going to change the way that we think of what’s human and what’s not?
    0:21:04 Yeah, for sure.
    0:21:08 I mean, we are going to have to contend with a new type of software.
    0:21:13 Historically, software has been input in, input out.
    0:21:18 You type something on Airbnb and it gives you a search result page.
    0:21:23 You play a piece of music on Spotify and that comes out as intended.
    0:21:27 And software so far has been about utilities, been functional.
    0:21:32 The goal is for it to do the same thing over and over again in a very predictable way and
    0:21:33 it’s been really useful.
    0:21:38 We’ve created trillions of dollars of business value out of it and unbelievable social human
    0:21:42 connection and knowledge and all the rest of it has been incredible actually.
    0:21:51 But we’re just about to embark on a completely new phase of the digital journey where computers
    0:21:55 are now learning to speak our language.
    0:21:59 You don’t have to learn the language of a computer to interact with it anymore.
    0:22:00 I mean, you can.
    0:22:05 It’s still important to be a programmer, but it can actually understand your language.
    0:22:11 It can understand the audio that you give it when you do a voice input, the intonation,
    0:22:16 the inflection, the volume, the pace, the pauses.
    0:22:19 It will increasingly be able to see what you see.
    0:22:24 So not only will you take a picture and it will recognize what’s in the picture, it will
    0:22:28 have complete screen understanding of everything that you’re doing in your browser or on your
    0:22:30 desktop or on your phone.
    0:22:31 Game by frame.
    0:22:35 You’re browsing Instagram, it’s seeing everything that you’re seeing in real time talking to
    0:22:40 you about the content of what you’re interacting with on Instagram, on TikTok, when you’re
    0:22:42 reading the news, whatever you’re doing.
    0:22:45 So that’s a profound shift.
    0:22:47 That’s not a tool anymore, right?
    0:22:52 That is really starting to capture something meaningful about what it means to be human
    0:22:57 because it’s using the same language that we use to understand one another.
    0:23:03 All those subtle cues that take place in social bonding of human relationships, suddenly it’s
    0:23:05 going to be present in that dynamic.
    0:23:08 And it’s a really big deal.
    0:23:13 And I think even though we’ve had a couple of years of large language models being out
    0:23:16 there and people get to play with it in the open source, I still don’t think people are
    0:23:21 quite grasping how big a deal this shift is about to be.
    0:23:25 Let’s hold that thought and take a quick break with our sponsors.
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    0:27:56 You mentioned that you’re an atheist now and you’ve been central to developing AI and
    0:27:59 AI is becoming more human-like.
    0:28:04 Do you feel like that has altered your perspective about religion a bit?
    0:28:08 You know, I think there are many amazing things about religion.
    0:28:16 Religion was a way that people made up stories, this is in my opinion, in order to make sense
    0:28:20 of a complex world that was confusing.
    0:28:26 And then science came along and showed that actually we really can understand the world
    0:28:33 through empirical observation and a falsifiable process of coming up with a hypothesis, running
    0:28:39 some experiments, observing those results, subjecting them to peer review and then iterating
    0:28:41 on the corpus of human knowledge.
    0:28:46 And that’s how we have produced known facts that are very reliable because they keep getting
    0:28:48 tested over and over again.
    0:28:52 And when something fundamental happens, we change our entire paradigm.
    0:29:02 So I think that it’s unclear to me what role religion plays any more in understanding the
    0:29:07 physical world or even increasingly understanding the social world.
    0:29:13 I think that if you look at the contributions in the last, say, century or even couple centuries
    0:29:22 from great poets and philosophers and musicians, storytellers, creators, inventors, most of
    0:29:26 them have nothing to do with religion and yet they’ve taught us most about ourselves
    0:29:27 and our societies.
    0:29:28 Right?
    0:29:29 Yeah.
    0:29:33 If you really want to understand who we are as a people, as humans, how our societies function,
    0:29:37 you don’t turn to religion anymore, unfortunately.
    0:29:41 I mean, some people will obviously disagree with that and full respect to them for their
    0:29:44 opinion, but that’s where I land on it these days.
    0:29:45 So interesting.
    0:29:46 Okay.
    0:29:49 So let’s move on to inflection AI.
    0:29:54 You co-founded it in 2022 and your vision was to develop AI that people could communicate
    0:29:56 with more easily.
    0:29:59 Why did you feel like that needed to be developed?
    0:30:02 We were at a time when I had just left Google.
    0:30:07 I’d been working on Lambda, which was Google’s conversational search AI that we ended up never
    0:30:08 launching.
    0:30:11 It then got launched as Bard and then it became Gemini.
    0:30:16 And I was frustrated because I was like, these technologies are ready for prime time.
    0:30:18 They’re ready for feedback from the real world.
    0:30:19 They’re not perfect.
    0:30:23 They make a lot of mistakes, but we’re technology creators.
    0:30:28 We’ve got to put things out there and see how it lands, iterate quickly, listen to what
    0:30:29 people have to say.
    0:30:33 And it was just sort of just frustrating that we just couldn’t get things done at Google
    0:30:34 at that time.
    0:30:36 And so I realized it has to be done.
    0:30:37 It’s time to start a company.
    0:30:42 Me and Reid Hoffman and my friend, Corensa Monion, started inflection.
    0:30:45 And we created Pi, the personal intelligence.
    0:30:52 It was a super friendly, warm, high emotional intelligence conversational companion.
    0:31:00 At the time, it was, I think, the most fluent and the most high EQ conversational companion.
    0:31:03 It had a bit of personality, it had a bit of humor.
    0:31:09 And I think that it was an interesting time because we ended up getting decent number
    0:31:10 of users.
    0:31:14 We had like a million DAO, about six million monthly active users.
    0:31:19 But the main thing I realized is that some people really love these experiences.
    0:31:28 I mean, the average session length for Pi was 33 minutes, 4.5 times a week.
    0:31:30 So that ranks it right up there.
    0:31:33 I was under TikTok, but right up there.
    0:31:35 And there’s not many experiences like that.
    0:31:41 And so I think it gave me a real glimmer into what’s coming and how different the quality
    0:31:45 of the interaction is going to be if you really get the aesthetic and the UI and the tone
    0:31:47 of the personality, right?
    0:31:51 I know that a lot of AI right now is used for work.
    0:31:53 We’re using ChatGPT to help us with work.
    0:31:58 What do you feel is the importance of emotional AI and having like emotional companionship
    0:31:59 with AI?
    0:32:04 So far, you’re right, ChatGPT is really a kind of work and productivity AI.
    0:32:05 And it’s great.
    0:32:08 It gives you access to knowledge and helps you rewrite things and so on.
    0:32:13 But in a way, it sort of addresses a small part of our, or one important part of our
    0:32:16 human needs, right?
    0:32:21 The other part of our needs are to make sense of the world, to receive emotional support,
    0:32:24 to have understanding of our social complexity.
    0:32:27 We want to come at the end of the day and vent.
    0:32:33 A big part of what I think people are doing on social media is posting stuff so that they
    0:32:34 can be heard.
    0:32:37 People want to feel like someone else is paying attention to them.
    0:32:42 They want to feel like they’re understood and that they’re saying something that’s meaningful.
    0:32:44 Or maybe they just want to work through something.
    0:32:51 So in the new co-pilot that we’ve launched just a few weeks ago at Microsoft AI, we focused
    0:32:52 both on the IQ.
    0:32:58 So it’s exceptionally accurate, minimizes those hallucinations we were talking about,
    0:33:02 has access to real-time information, really fast and fluent.
    0:33:07 But we’ve also focused on the EQ because we want it to be a kind companion.
    0:33:09 We want it to be your hype man.
    0:33:10 We want it to back you up, right?
    0:33:16 We want it to be in your corner, on your team, looking out for you there when you need it.
    0:33:20 I think people underrate how important that kind of social privilege is.
    0:33:27 That is one of the things that gives middle-class kids a huge leg up, to always have a parent
    0:33:33 there, to always have a stable family with a sibling or even a best friend available
    0:33:35 to you whenever you need it.
    0:33:39 And I think that we’re going to just touch on a little bit of those experiences now and
    0:33:41 make that available via co-pilot.
    0:33:46 Yeah, it sounds so amazing, the future that AI can bring us.
    0:33:50 And to your point, people who are a little bit underprivileged, like maybe they have
    0:33:55 an immigrant parent or a parent who’s not very educated, now suddenly they have just
    0:34:01 as much potential as everybody else because they have the same AI companion.
    0:34:04 How do you imagine us working with machines in the future?
    0:34:07 How do you imagine personal AI to be like in the future?
    0:34:13 Yeah, I think you’re going to say, hey co-pilot or whatever you call your personal AI, I’m
    0:34:14 stuck.
    0:34:15 What’s the answer to this?
    0:34:17 How should I navigate that?
    0:34:18 I need to go buy this thing.
    0:34:20 Can you take care of it for me?
    0:34:22 Will I be available in a week to do this thing?
    0:34:29 You’re going to basically use it as a way to organize your life and spend less time being
    0:34:37 distracted by administration and more time pursuing your curiosities, especially in the
    0:34:38 voice mode.
    0:34:44 I think you very quickly just forget that this is actually a piece of technology and
    0:34:52 it feels like you’re just having a great conversation with a teacher that is patient, non-judgmental,
    0:34:58 doesn’t put you down, has infinite time available to you and will wander off on the path that
    0:35:02 you choose to take through some complicated question.
    0:35:07 It doesn’t matter how many times you go back and say, can you explain that again?
    0:35:09 I didn’t quite understand that.
    0:35:11 What do you mean?
    0:35:12 No problem.
    0:35:17 You just get to keep digging in a completely personalized way.
    0:35:23 That is going to be the greatest leveling up we have ever seen because it’s expensive
    0:35:24 socially.
    0:35:28 It costs for me to turn around to one of my friends who knows a lot about something and
    0:35:32 pick up the phone and say, “Hey, man, can you walk me through this thing?”
    0:35:34 Obviously, my friends will do it, but there’s a barrier there.
    0:35:35 It’s not instant.
    0:35:40 I’m really asking for something or it’s a cost for me to unload on my friend at the
    0:35:42 end of the day when I’m frustrated and irritated.
    0:35:47 I want to show up to my best friend in the best possible way and have fun and be bright
    0:35:48 and energetic.
    0:35:51 I’m still going to have those emotional moments with them, it’s not that they’re not going
    0:35:52 to be there.
    0:35:59 It’s just that it now lowers the barrier to entry to get access to support and knowledge
    0:36:03 and information, and that is what is going to be the level up.
    0:36:08 With technology in the past, we’ve seen it actually make us become more lonely.
    0:36:12 Everybody says there’s this loneliness epidemic, social media makes us more lonely.
    0:36:18 Do you feel like this new wave of AI and personalized AI in this manner is actually going to help
    0:36:24 us become less lonely and replace human connection, so to speak?
    0:36:29 Every new wave of technology leaves us with a cultural shift.
    0:36:36 It’s not just static, it’s going to have some impact, and it may be the case that social
    0:36:41 media has made us feel more lonely and isolated, and we have to unpack that.
    0:36:43 Why is that?
    0:36:48 People report feeling lonely, but another way of thinking about it that I think is that
    0:36:54 people feel judged by social media, they feel excluded, they feel not good enough.
    0:36:55 Why is that?
    0:37:02 Because I think Instagram really dominated in highlighting a certain visual aesthetic.
    0:37:04 I need to be big and have muscles, right?
    0:37:09 I need to get my fashion on point, oh my God, look at how good a cook she is, she’s making
    0:37:14 incredible food, look at how she’s taking care and he’s taking care of their kids.
    0:37:19 I’m just looking at all these perfect caricatures and it’s making me feel insecure.
    0:37:26 I think that’s what’s at the heart of it, and what sits beneath that is a UI, a UI that
    0:37:30 rewards a certain type of attention.
    0:37:37 I think you can create new UIs, you can create new reward mechanisms, new incentivizations
    0:37:42 to dampen that spirit and create more breadth, actually.
    0:37:46 I think, in a way, TikTok is an evolution of that because you don’t get as much of
    0:37:47 that on TikTok.
    0:37:53 A lot of the comments even are much more healthy, they’re full of jokes and support and friendly
    0:37:56 banter whereas YouTube was just spiteful.
    0:38:02 I remember the YouTube comments back in the day seemed really rough and obviously X, I
    0:38:06 don’t know who uses X anymore, but that’s turned into a cesspit.
    0:38:09 I just think you have to be conscious and deliberate.
    0:38:14 I’m sure that when we put out on new AI experiences, there are going to be some parts of society
    0:38:21 that get ruffled by it and my job and my life’s work is to be super attentive to those consequences
    0:38:25 and respond as fast as possible to trim the edges and reshape it and cast it.
    0:38:31 It’s like a sculpture and you have to just be paying full attention and taking responsibility
    0:38:33 for the real-time consequences of it.
    0:38:39 Now you are CEO of Microsoft AI and you guys launched Co-Pilot about a year ago.
    0:38:43 Can you walk us through how Co-Pilot transformed work for Microsoft users over the past year
    0:38:46 and then we’ll get into what’s new?
    0:38:51 We launched Co-Pilot about a year ago very much as an experiment to see how people like
    0:38:55 to interact with conversational LLMs.
    0:39:00 In the work setting, it’s pretty incredible to see how Co-Pilot is now embedded in Microsoft
    0:39:02 365.
    0:39:08 On Windows, on Word, on Excel, there’s so many tools and features that enable you to
    0:39:13 just ask your Co-Pilot whilst you’re in the context of your document to summarize something
    0:39:19 or create a table or to create a schedule or to compare two complex ideas.
    0:39:24 I think it’s had a massive impact there actually and it doesn’t get talked about so much because
    0:39:28 it’s been so embedded and now it’s become second nature.
    0:39:31 It’s part of people’s everyday workflow.
    0:39:35 I’ve used Co-Pilot before and to your point, it just feels so natural.
    0:39:39 I feel like we’re all just so ready to have an AI companion.
    0:39:42 Talk to us about the future of what Co-Pilot is going to bring.
    0:39:49 The next way for Co-Pilots is these flavor of much more personable, much more fluent,
    0:39:50 much more natural interactions.
    0:39:55 It’s fast, it’s sleek, it’s very elegant in the UI.
    0:39:58 We’ve done a lot of work to pair back the complexity.
    0:40:03 I think that people want calming, cleaner interfaces.
    0:40:09 I feel like when I look at my computer sometimes, I see colors of every type, shapes, different
    0:40:14 kinds of information, architectures and it’s just like there’s blur and I just need serenity
    0:40:16 and simplicity.
    0:40:21 We’re really designing Co-Pilot to go out and fetch the perfect nuggets of information
    0:40:26 for you and bring them into your clean feed and really create a UI where you can focus
    0:40:28 on conversation.
    0:40:35 So the answers are designed to be pithy, short, humorous, the little bit of spice, a bit of
    0:40:39 energy and it’s fun to chat to as well as learn from at the same time.
    0:40:43 So that kind of interactive back and forth was a big part of the motivation for how we
    0:40:44 designed it.
    0:40:48 Are you bringing some of the emotional piece that we were talking about before into this?
    0:40:53 Yeah, it’s really designed to have a bit more of that connection.
    0:40:57 It’ll ask you questions or if you’re in the voice mode, for example.
    0:40:59 It will actively listen.
    0:41:06 So it will go uh-huh or no way or right whilst you’re speaking to let you know that it’s
    0:41:10 listening, it’s paying attention, it’s keeping the conversation moving.
    0:41:15 And so just little subtle touches like that as well as the intonation in the voice and
    0:41:17 the energy that it brings.
    0:41:21 Those kinds of things are really quite different to what we’ve seen before.
    0:41:24 Are there any other advancements that you’re working on at Microsoft related to AI?
    0:41:27 Yeah, there’s a lot coming.
    0:41:31 You’re going to see a different kind of hardware platform I think over time.
    0:41:35 You’re going to see a lot of different features in terms of personalization.
    0:41:40 So I think increasingly people are going to want to give their co-pilots their own name.
    0:41:44 Who knows, one day in the future, you know, might have an avatar or visual representation.
    0:41:47 So we’re thinking about a lot of different angles.
    0:41:53 How far off do you think we are from co-pilot being more than a tool and more like a co-worker?
    0:42:00 I think that it’s naturally going to evolve to be more of a co-worker because you want
    0:42:04 it to be able to fill in your gaps, right?
    0:42:10 You know, you think you have certain strengths and weaknesses, some of us are more analytical,
    0:42:13 some of us are more creative, some of us are more structured.
    0:42:19 You can think of each one of us as this unique key that fits like a perfect lock with our
    0:42:22 strengths and weaknesses.
    0:42:29 And I think that each co-pilot is going to adapt to the grooves of your unique constellation
    0:42:30 of skills.
    0:42:36 And so if it fits to you, it kind of means like you and your co-pilot are going to be
    0:42:37 like a pair.
    0:42:38 You’re going to be like a powerhouse.
    0:42:43 I mean, who knows, one day you might even go and do job interviews together because it’s
    0:42:49 going to be like, you’re hiring me and my co-pilot, we’re a pair, you know, it’s could
    0:42:51 well be your co-founder.
    0:42:58 I’m expecting anytime soon people to declare that it’s them and their AI starting this
    0:42:59 new company.
    0:43:02 Oh my God, that’s mind-blowing to think.
    0:43:04 I can’t even imagine a world like that.
    0:43:10 Do you have any concern when GPS came out, for example, around the time when I was younger
    0:43:18 and driving and I can’t from my life get anywhere without GPS now, I’m so dependent
    0:43:19 on it.
    0:43:22 I don’t know how to do things that I did when I first started driving and didn’t really
    0:43:26 have GPS embedded in my car.
    0:43:30 And I can’t memorize phone numbers anymore the way that I used to.
    0:43:37 And I just am worried that AI is going to make us maybe more lazy, maybe less creative.
    0:43:41 Are you worried that it’s going to impact human intelligence in a negative way?
    0:43:45 People said that about the calculator, right, that it was going to lead to kids cheating
    0:43:47 in tests and so on and so forth.
    0:43:48 And it didn’t.
    0:43:53 It just made us smarter, enabled us as humans to do more complex computations and I don’t
    0:43:56 see any evidence that it’s making us dumber in any way.
    0:44:04 I mean, we have overwhelming access to information and I think that on one level that has actually
    0:44:07 made us all way more tolerant and respectful and kind.
    0:44:13 People tend to fixate on the polarization politically in our society.
    0:44:20 But actually, think about it from the other perspective, 20 years ago, take your pick,
    0:44:26 abortions, religion, sexuality, gender, trans, I mean, take your pick.
    0:44:30 All of those were decades and decades behind where they are now.
    0:44:36 It is amazing how bright and beautiful and colorful our world is now and how respectful
    0:44:38 and kind we are on the whole.
    0:44:44 Now there are still pockets of fear and hatred and there’s plenty of that.
    0:44:48 But there’s also massive, massive progress and I think that progress is a function of
    0:44:54 us having access to knowledge about one another, living together, growing together, hearing
    0:44:55 from one another.
    0:44:57 And I think that’s going to continue.
    0:45:02 So when it comes to tools like co-pilot, right, a lot of my listeners are entrepreneurs.
    0:45:06 They’re rolling this out to their teams, AI in general.
    0:45:11 A lot of people are worried about the accuracy and the bias related to AI.
    0:45:16 How can we trust AI more or do you feel like there’s still more work to do in terms of
    0:45:17 us fully trusting AI?
    0:45:20 Yeah, there’s still more work to do.
    0:45:23 I’m painting a rosy picture of the future.
    0:45:27 It’s going to be a while for these things to actually work perfectly.
    0:45:29 So you’ve always got to double check it.
    0:45:32 Do not rely on these things just yet.
    0:45:37 At the same time, you would be a fool not to use them because it really is a complete
    0:45:41 revolution in access to information and support and so on.
    0:45:46 So the good news is that if you’re starting a new business or if you’re trying to figure
    0:45:52 out your next move in life in general, everything is available open source.
    0:45:55 You can try any model on any API.
    0:46:00 You can get access to the source code quite often and really get a really good understanding
    0:46:02 of the cutting edge.
    0:46:08 You can’t get that absolute cutting edge in open source, but you can get very, very close.
    0:46:12 And I think that will give anybody a good instinct for how these things can be useful
    0:46:16 to your business or to your startup or to your next step in life.
    0:46:20 We’ll be right back after a quick break from our sponsors.
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    0:51:13 So let’s move on to some future predictions.
    0:51:19 I know that Microsoft is working on some AI projects related to sustainability.
    0:51:21 Can you talk to us about what you guys are working on?
    0:51:22 Yeah, sure.
    0:51:27 So we’re actually one of the largest buyers of renewable energy on the planet.
    0:51:36 And that’s a long time commitment by the company to be net zero by 2026 and carbon negative.
    0:51:41 So taking carbon out of the supply chain by 2030.
    0:51:46 So in order to do that, we’ve also been massively investing in new technologies and new science.
    0:51:53 For example, massive investments in battery storage and nuclear fusion projects in carbon
    0:51:54 sequestration.
    0:51:56 So taking carbon out of the atmosphere.
    0:52:00 Across the board, we’ve been making this a priority for quite a long time.
    0:52:04 Thank goodness because climate change is so important.
    0:52:07 So let’s go back to this containment problem that we talked about right in the beginning
    0:52:09 of the podcast.
    0:52:13 Can you compare and contrast what the world would look like 10, 20 years from now if AI
    0:52:19 is contained and we use it in a really positive way versus AI not being contained in it getting
    0:52:20 out of control?
    0:52:27 You know, I think that one way of thinking about it is that cars have been contained.
    0:52:35 So cars have been around for 80 years and we have layers and layers and layers of regulations,
    0:52:45 seat belts, emissions, windscreen tensile strength, street lighting, disposal of the materials
    0:52:49 after a car’s life is over, driver training.
    0:52:57 Now there’s an entire ecosystem of containment built up to prevent a 13 year old from driving
    0:53:00 through a field and crashing into a cow or whatever.
    0:53:06 You know, it’s a whole infrastructure for containment that takes time to evolve and
    0:53:12 we’ve actually done it pretty well and cars are now incredibly safe, just like aeroplanes,
    0:53:13 just like drones.
    0:53:17 Drones haven’t just suddenly exploded into our world.
    0:53:18 They’ve had containment.
    0:53:19 There are rules.
    0:53:22 You can’t just go fly a drone in Times Square.
    0:53:25 You have to get a permit, you need to get a drone license.
    0:53:30 There are certain places that you can’t fly them at all like near airports.
    0:53:33 So this isn’t actually that complicated.
    0:53:38 It’s quite likely that we will succeed in putting the boundaries around these things
    0:53:41 so that they’re a net benefit to everybody.
    0:53:43 That actually makes me feel a lot better.
    0:53:48 It really does because, you know, AI is a scary thing to think about.
    0:53:52 All these changes happening, but it’s so good to hear from you, somebody who’s been so central
    0:53:55 to it all, to really believe, okay, I think it’s going to be okay.
    0:53:59 I think we’re going to be able to contain this and things will overall be positive.
    0:54:06 But how about the fact that power is sort of decentralized now with AI, right?
    0:54:12 A lot of people can just use it and run with it, and there’s some bad apples out there.
    0:54:14 So what do you have to say about that?
    0:54:15 That’s a tough question.
    0:54:19 There are definitely bad apples, and there are definitely people who will misuse it.
    0:54:24 That’s kind of the conundrum, I think, is that we have a two-prong challenge.
    0:54:30 One is figuring out how nation-states and democracies get into a place where they can
    0:54:34 regulate the powerful, big companies like me.
    0:54:39 They can hold us accountable, and they can make the public feel like they’re competent
    0:54:42 and they’re on the case, regulating centralized power.
    0:54:46 And then the second is, how do we cope with the fact that everybody’s going to have access
    0:54:48 to this in seconds?
    0:54:49 And we want them to.
    0:54:51 It’s just not like we don’t want people to have access.
    0:54:54 We want people to have access in open source.
    0:54:59 And I think the important thing to remember is that so far we haven’t seen any catastrophic
    0:55:03 harms arising from open source or in the large-scale models, right?
    0:55:06 So all of this is speculation.
    0:55:08 Everyone could be totally wrong.
    0:55:11 It could be that we’re actually not going to progress as fast as we thought.
    0:55:19 It could be that we come up with really reliable ways of instilling safety into this code.
    0:55:20 Certainly could be the case.
    0:55:26 And there’s no reason for us to start slowing down open source right now, none at all.
    0:55:29 It needs to continue because people get enormous benefit out of it.
    0:55:33 At the same time, if something were to go wrong, it’s just software.
    0:55:39 So someone can copy it and repost it and post it again, and it’s going to spread superfast.
    0:55:43 So I just think it’s a new type of challenge that we haven’t yet faced yet.
    0:55:46 I think people often forget the internet is quite regulated.
    0:55:51 It’s just not like this is the internet is this kind of free-for-all, chaotic, open domain,
    0:55:52 right?
    0:55:55 There’s a whole bunch of things that you can’t find on the web, or you have to really work
    0:55:59 hard to get on the dark web and find pretty ugly stuff.
    0:56:00 And it’s illegal.
    0:56:03 And if you get caught doing it, you’re in deep trouble and stuff like that.
    0:56:07 So it’s not like it’s just going to be a total free-for-all.
    0:56:11 And in general, I think most people do want to do the right thing.
    0:56:15 So this isn’t about worrying about your average user.
    0:56:20 This is about a tiny number of really bad apples, as you say.
    0:56:21 Yeah.
    0:56:23 To me, it sounds like you’re saying we’re well-prepared.
    0:56:28 We’ve seen these new technologies before, humans have been dealing with these new technologies
    0:56:30 over the last 200 years or so.
    0:56:35 And it sounds like you’re saying you feel like we’re well-prepared for the AI revolution.
    0:56:41 I think that we are more prepared than the scare mongerers make us think.
    0:56:45 That does not mean everything is going to be dandy.
    0:56:47 There’s a lot of work to do.
    0:56:50 And each new technology is new to us by definition.
    0:56:53 It’s something we haven’t seen before.
    0:56:58 When I was writing my book, I read about this amazing story of the first passenger railway
    0:57:02 train that took a trip in Liverpool.
    0:57:04 And this is 1830.
    0:57:10 So the first time anybody has ever seen a moving carriage, essentially.
    0:57:13 It was a single carriage on rails.
    0:57:18 And the Prime Minister came down to celebrate, tons of people there, the mayor, and there
    0:57:20 was like the local MP.
    0:57:26 They were so excited by what was coming that they actually stood on the tracks and they
    0:57:32 didn’t get out of the way when the train came and it killed a bunch of people, including
    0:57:33 the local MP.
    0:57:34 Oh my God.
    0:57:40 So it was that alien and that strange, just a regular moving carriage that they couldn’t
    0:57:43 figure out that they needed to get out of the way.
    0:57:51 So that obviously, I’m sure never happened again, but it gives you an indication sometimes
    0:57:56 of how surprising and strange it can be and how we can be unprepared.
    0:57:59 And now, obviously, we’re not living in the 1830s.
    0:58:03 We have the benefit of hundreds of millions of inventions since then.
    0:58:08 And so we understand a lot more about the process of inventing, creating technology,
    0:58:10 seeing it proliferate.
    0:58:14 We understand a lot more even about digital technologies in the last couple of decades.
    0:58:17 We see the consequences in social media.
    0:58:22 We see how unencrypted phones cause security chaos.
    0:58:27 We see how hackers try all sorts of different tricks of the trade to undermine our security
    0:58:29 and privacy and so on.
    0:58:35 So there’s an accumulation of knowledge that, on the one hand, should make us feel optimistic
    0:58:36 that we are prepared.
    0:58:41 On the other hand, we also know that these are unprecedented times and these are very
    0:58:43 new and fundamentally different experiences.
    0:58:47 And so I don’t think we shouldn’t be complacent.
    0:58:49 This is going to be different.
    0:58:51 How do you envision the future of work?
    0:58:55 Do you feel like people will have the traditional sort of nine to five job that they have right
    0:58:56 now?
    0:59:00 Or do you feel like humans are going to be able to be more creative and enjoy their
    0:59:01 life more?
    0:59:02 Like how do you imagine that?
    0:59:05 Yeah, I think that work is going to change.
    0:59:06 I mean, it’s already changing.
    0:59:07 We’re already remote.
    0:59:09 We’re on our devices.
    0:59:15 I do honestly half of my work on my phone because I travel a lot, always making phone
    0:59:19 calls, sending text messages and using messaging and teams and so on.
    0:59:22 So it is going to be very, very different.
    0:59:29 And I think in an AI world, you’re going to have your companion with you, remembering
    0:59:34 your tasks, helping you get things done on time, helping you stay organized and on top
    0:59:35 of all the chaos.
    0:59:41 I think that should make you feel lighter and more prepared mentally, more ready to
    0:59:43 be creative.
    0:59:48 And that’s what’s going to be required of us because routine work is going to go away.
    0:59:54 A lot of the drudgery of elementary digital life is going to get a lot smoother and a
    0:59:55 lot easier.
    1:00:00 And so that’s going to free us up to be creative as entrepreneurs.
    1:00:05 I think that’s some amazing things are going to be invented as a result of that extra time
    1:00:06 that we’re going to have.
    1:00:10 So you don’t feel anywhere humans are not going to have purpose anymore?
    1:00:18 I think that work was invented because we had limited resources and we had to organize
    1:00:23 ourselves in efficient ways to reduce suffering.
    1:00:29 So what happens when we don’t have as much of that burden and actually there is going
    1:00:35 to be resource available for millions of people and the greatest challenge we have is figuring
    1:00:40 out how to distribute it and how to make sure that everybody gets access.
    1:00:47 So I don’t think there is something inherent about the human connection and need for purpose
    1:00:48 with work.
    1:00:53 I think many people find their purpose and passion in a gazillion other things that we
    1:00:55 all do, right?
    1:01:00 Many people also find it in work too and that is going to be a big shift because if you
    1:01:05 find passion in that kind of drudgery-ness work that I described, then they’re going
    1:01:08 to be there in 20 years time.
    1:01:13 So you’re going to have to think hard about that, but I think it’s pretty exciting.
    1:01:16 People are going to be able to find many, many new purposes and many, many new things to
    1:01:17 do with their lives.
    1:01:20 Do you feel like we’re going to live longer because of AI?
    1:01:22 Yeah, I think so.
    1:01:27 I don’t know how long I’m not one of these “live forever” type people.
    1:01:32 We’re already living longer because we have a much better awareness of health conditions.
    1:01:36 I’m just thinking about how many people died because everyone thought smoking was okay,
    1:01:37 right?
    1:01:41 And how many lives were cut short and now so few people smoke, right?
    1:01:47 And people are aware about the consequences of alcohol or unhealthy food or sitting on
    1:01:53 the couch, just that alone, again, access to information, scientific evidence proving
    1:01:57 that these things actually do lead to longevity, that’s all table stakes now.
    1:02:02 And so for sure, there’s this kind of bump that we’re going to get in 60 years time when
    1:02:08 a bunch of people who’ve grown up since their teens thinking that living a healthy life is
    1:02:15 the normal thing to do instead of how I grew up, which is like cigarettes and alcohol.
    1:02:19 So obviously there’s still room for all that kind of stuff, but is a different thing now.
    1:02:24 And then on top of that, we’re going to have AI tools that help us to really make sense
    1:02:27 of the literature for us in a personalized way.
    1:02:32 We can really see what kind of nutrition we might need, given our gut biome.
    1:02:36 That whole sort of movement is only just starting to kind of have effect.
    1:02:39 And I think it’s going to be pretty impactful.
    1:02:42 So let’s move on to entrepreneurship.
    1:02:47 For all the entrepreneurs out there, what should they be doing now to take advantage
    1:02:48 of AI?
    1:02:51 All the tools are already at our fingertips.
    1:02:57 I mean, in some ways, that’s like an overwhelming thing, you know, because it’s like, it’s just
    1:02:58 there.
    1:02:59 There’s like nothing holding you back.
    1:03:03 I mean, there’s no secret source.
    1:03:08 My team has some little bits and pieces here and there that might not be available, but
    1:03:15 most of it, the knowledge, the knowhow, the cloud services, the open source stuff, the
    1:03:18 YouTube videos, the, it’s all there.
    1:03:22 And so it is an electric time.
    1:03:25 Someone came up to me at a book signing that I did the other day.
    1:03:30 She’s 15 years old and she was showing me this unbelievable project that she had been
    1:03:36 working on made a bunch of money strung together from all available public tools with two of
    1:03:40 her pals thinking about dropping out of school, it blew my mind.
    1:03:46 And you know, I think that is just there if you’re hungry.
    1:03:49 And you know, if you’re ready to take risks, this is the thing I say to people is take
    1:03:50 risk when you’re young.
    1:03:51 Take risk.
    1:03:53 I took a lot of risks.
    1:04:01 Drop out, change your degree, switch your subject, give up work, maximize your side hustle, partner
    1:04:04 with a friend that you’re not sure about partnering with.
    1:04:06 Go ask a question.
    1:04:07 People want to help.
    1:04:10 Just ping them an email, doorstep them.
    1:04:12 People don’t doorstep each other anymore.
    1:04:14 You know, back in the day, people would like wait outside.
    1:04:16 I don’t even know what that means.
    1:04:20 It means like after a show or, you know, outside of theater.
    1:04:22 I like wait for somebody, you know.
    1:04:23 Yeah.
    1:04:24 That used to be a big thing.
    1:04:26 That used to be how people did networking, right?
    1:04:29 They would like go to an event because they knew that someone was going to be there and
    1:04:33 then try to like build the connection.
    1:04:34 People connections huge.
    1:04:40 Find that moment to shake someone’s hand, show a quick demo, drop them a note.
    1:04:41 It’s hustle.
    1:04:42 It’s just hustle culture.
    1:04:46 That’s what you’ve got to be on if you really want to do it and everyone’s in the game.
    1:04:49 So what an amazing time to be creative.
    1:04:50 Take that risk.
    1:04:54 It’s so exciting when I hear the passion in your voice and I feel like anybody listening
    1:04:58 right now probably feels like so pumped to just explore, see what’s out there related
    1:05:01 to their industry and just get their hands dirty.
    1:05:02 Yeah.
    1:05:03 Because I did that as well, right?
    1:05:05 I mean, I dropped out of my degree.
    1:05:07 I switched out my careers a bunch of times.
    1:05:12 I wasn’t afraid to ask people for help and it was really the reason that I’ve been successful
    1:05:17 is because a few people gave me unbelievable opportunities at the right moment.
    1:05:20 When I was really young, like help me get into a great school.
    1:05:24 I ended up going to Oxford, like help me get a great early job.
    1:05:28 Help me when I started my telephone counseling service when I was 19.
    1:05:33 It’s really other people that end up lifting you up and you have to form those relationships,
    1:05:38 give so much thanks and praise to those who do do that and then keep giving it to other
    1:05:40 people too.
    1:05:42 I reply to a lot of my LinkedIn’s.
    1:05:46 I won’t say I reply to all of them because that would be a lie, but I do reply to a lot.
    1:05:51 I certainly reply to all my emails and people would cold email me all the time and I might
    1:05:55 not be able to help them, but I’ll reply and I’ll point them in the right direction or something
    1:05:57 because that’s really what matters.
    1:06:00 And when you see someone who’s taken that extra step to try and hustle it, like I really
    1:06:03 rate that and I think it’s the way forward.
    1:06:06 And my listeners know that I interview such powerful people.
    1:06:12 I find that the more powerful the person, the more helpful they are and the more that
    1:06:17 they actually care about giving back and giving feedback and being personal because what ends
    1:06:22 up happening is that they probably have more time because they’re already successful and
    1:06:25 made it and it means a lot to them to actually give back.
    1:06:26 Yeah.
    1:06:27 And I just got super lucky as well.
    1:06:32 I think I’ve obviously done some things right, but luck is a huge part of it and you kind
    1:06:37 of make your own luck by asking people for favors and help and advice and feedback.
    1:06:42 I’ve just learned everything along the way by assuming that I know nothing, but that’s
    1:06:46 the key thing is that I’m not embarrassed to look, even to this day in front of my team,
    1:06:51 I’ll often ask the stupid question and quite often I end up looking like an idiot.
    1:06:53 Probably one out of five times, maybe even one out of four.
    1:06:58 I will say something and I’m like, “Oh, that was a clanger, oops.”
    1:07:02 But then a bunch of other times, it will be like, “Oh, that was the thing that everyone
    1:07:03 was thinking.”
    1:07:10 And then my team seeing me trip and just looked like a doofus, that encourages them to then
    1:07:12 go and ask the stupid question.
    1:07:14 And then we’re all just less judgmental.
    1:07:18 There’s none of this professional nonsense like you have to be all formal and straight.
    1:07:23 You just break down those barriers, be human to one another, collaborate deeply, set aside
    1:07:24 shame.
    1:07:25 Do you know what I mean?
    1:07:28 Like shame is one of the most useless emotions.
    1:07:30 I’m so sorry that we evolved to carry this thing.
    1:07:33 Frankly, I think it comes from religion, but that’s another story.
    1:07:36 But I just think why are we carrying around this baggage of shame?
    1:07:42 So need to be ashamed, you know, just recognize when you tripped up, make a correction, take
    1:07:43 the next step.
    1:07:45 You’re talking about leading your team.
    1:07:49 We’ve had so many teams at DeepMind, Google, now Microsoft.
    1:07:53 What are some of your key leadership principles that you live by and maybe talk about what
    1:07:58 is one of the biggest challenges that you’ve had so far as a leader?
    1:08:02 My style tends to be very open and collaborative.
    1:08:07 I like to hear lots and lots of disagreeing voices.
    1:08:12 Strong opinions are healthy, provided they’re grounded in wisdom and humility.
    1:08:15 They need to be evidenced, right?
    1:08:22 They need to be referenced, they need to reference some historical example or some data or some
    1:08:28 empirical case, or they need to be explicitly named as a guesstimate.
    1:08:29 I don’t mind that either.
    1:08:35 One thing I often say to people is deliver your message with metadata.
    1:08:36 Such a basic thing.
    1:08:41 Say to the person, I’m really sure about this because I’ve looked up this fact.
    1:08:48 I’m really not sure about this, or I’m looking for feedback on this one, or this is just
    1:08:50 an FYI.
    1:08:56 Letting each other know what the status of our exchange is, often I see conflicts arise
    1:09:02 from a mis-expectation about what two people are expecting in an exchange.
    1:09:03 That’s one thing.
    1:09:05 Clear communication is evidence-based.
    1:09:10 There’s a lot of humility, very collaborative and open, but I’m also very decisive.
    1:09:17 But mentally, my job is to sift through all the complexity and make a call because there’s
    1:09:22 really nothing worse than not having clarity for the team.
    1:09:27 Even if we end up going in the wrong direction, that’s totally fine because we’ll calibrate.
    1:09:32 We have a process for feedback and iteration and retrospective, and that will really, really
    1:09:33 help.
    1:09:41 What I’ve struggled with is, in larger organizations, naturally, because there’s tens or hundreds
    1:09:45 of thousands of people, there’s different people with different motivations.
    1:09:50 In a startup, you know that everyone is due or die, and maybe there’s one or two that
    1:09:54 aren’t, and they get rotated out, but they’re there for it.
    1:09:57 In a bigger organization, it’s not always true.
    1:10:01 Some people are just happy in the rhythm that they’re in.
    1:10:08 One of my learnings is learn to energize those people and find a practical flow to get them
    1:10:09 in, get them being useful.
    1:10:14 I want to be respectful of your time because we’re running out of time here.
    1:10:18 One of my last questions to you is, what is the legacy that you hope to leave behind related
    1:10:20 to AI and the world in general?
    1:10:23 Man, I don’t think about legacy.
    1:10:26 I think about the future, but you’re totally right.
    1:10:34 I hope that I’m able to live my values authentically and let people know what I’m trying to do,
    1:10:41 give people an opportunity to disagree with it, but fundamentally move at pace to experiment
    1:10:46 with this new approach of AI companions and emotionally intelligent AIs.
    1:10:52 I really want to try and help steward this new moment with kindness and compassion, that’s
    1:10:53 what means a lot to me.
    1:10:55 Well, I really enjoyed this conversation.
    1:10:58 I’ve had probably 10 conversations about AI.
    1:10:59 This is by far my favorite one.
    1:11:04 I feel like you made me feel not scared about AI and I feel like I know so much more about
    1:11:05 it.
    1:11:09 So the last two questions that I ask all my guests, you don’t have to make it based on
    1:11:12 AI, it could just come from your heart.
    1:11:16 What is one actionable thing our young and profitors can do today to become more profitable
    1:11:17 tomorrow?
    1:11:23 I think the most important thing has got to be to be critical of yourself.
    1:11:26 Retrospectives are key.
    1:11:31 Ask for feedback from your friends, your family, and especially ask for feedback from people
    1:11:35 who you think are going to give you something a little bit barbed.
    1:11:41 You don’t have to take it, but just at least be aware of the landscape and get in the habit
    1:11:43 of not having a thin skin.
    1:11:47 That will make you tougher and stronger for everything that you’ve got to encounter next.
    1:11:49 I think I needed to hear that.
    1:11:53 And what would you say is your secret to profiting in life?
    1:11:55 Learning and humility.
    1:11:59 I have made so many mistakes, and I still make mistakes all the time.
    1:12:04 And I’ve upset people, I’ve hurt people, I’ve pissed people off.
    1:12:11 And I don’t like doing it, I hate it, it grinds at me, but it’s my fuel because that’s the
    1:12:14 signal I need to get better every day.
    1:12:19 And I know that the one thing I can do is I have this process of getting better step
    1:12:20 by step.
    1:12:24 And I’ve been doing it since day, and I love it, that’s what I live for, learning.
    1:12:25 Amazing.
    1:12:27 And where can everybody learn more about you and everything that you do?
    1:12:30 Well, I’m on LinkedIn.
    1:12:35 I’m not on Instagram or TikTok, unfortunately, but obviously, I’m also a huge believer in
    1:12:42 our Copilot AI, so you can download that in iOS, Android, or Copilot.Microsoft.com.
    1:12:43 Good news for you.
    1:12:45 A lot of our YAP listeners are on LinkedIn.
    1:12:46 We talk about LinkedIn all the time.
    1:12:47 Nice.
    1:12:48 So I’ll put your link in the show notes.
    1:12:51 And thank you so much, Mustafa, for all of your time.
    1:12:52 This has been awesome.
    1:12:54 Thanks so much.
    1:13:02 Man, I have to say, guys, that was one of my favorite conversations I’ve had all year.
    1:13:05 That conversation blew my mind.
    1:13:10 Mustafa Suleiman is somebody who’s right at the cutting edge of AI technology, technology
    1:13:14 that’s going to change how we all live our lives in the coming years.
    1:13:19 And Mustafa is both optimistic and pessimistic about the future of AI.
    1:13:23 On the one hand, he believes the technology could deliver the greatest boost of productivity
    1:13:24 in the history of our species.
    1:13:31 And we’ve had a lot of productivity booms, but like all big innovations, it’s also going
    1:13:33 to be hugely disruptive.
    1:13:38 It could destabilize our lives, our politics, and our workplaces in unpredictable ways.
    1:13:40 We don’t even know what’s about to happen.
    1:13:45 It could, for example, worsen the loneliness and isolation epidemic that so many of us
    1:13:47 suffer from in this online world.
    1:13:52 Or AI can bring us together in new ways that we never even thought possible.
    1:13:58 Mustafa sees AI as a force amplifier, like having a super intelligent personal assistant
    1:14:03 right at your fingertips who will help you invent new products and design new solutions.
    1:14:09 This AI might accompany you to a job interview or even be the co-founder of your next business.
    1:14:15 AI solutions like Co-Pilot could be the ultimate hype man for you and your business, something
    1:14:20 that could open up opportunities and paths to entrepreneurship across much broader sections
    1:14:21 of society.
    1:14:26 But however optimistic or pessimistic you are about the future of AI, the technology
    1:14:27 is here to stay.
    1:14:31 And you’re going to need to know how to use it if you want to succeed in the business
    1:14:33 landscape of the future.
    1:14:35 I personally use AI every day.
    1:14:38 I use ChatGBT every day to get my work done.
    1:14:42 I use Google’s Notebook LM to get my work done.
    1:14:46 We’re using Eleven Labs for my audio AI experimentation.
    1:14:49 We’re using AI every day at Yacht Media.
    1:14:55 And I’m doing this because I want to make sure I understand how to leverage AI in my
    1:14:56 day-to-day tasks.
    1:15:00 I want to get really good at directing AI and training my AI.
    1:15:05 And I just feel like it’s so important for my future so that I stay relevant.
    1:15:08 And I want to make sure you guys all get that message.
    1:15:10 Get out there and give AI a try.
    1:15:17 Google apps, do some research, figure out how AI can help you in your day-to-day right
    1:15:21 now because there’s thousands of apps out there that you can play with.
    1:15:27 Find the ones that help you accelerate your work and get used to working alongside AI because
    1:15:29 that is the future.
    1:15:33 Make yourself a new friend, buddy, or co-pilot.
    1:15:37 They might just end up being your future business partner.
    1:15:40 Thanks for listening to this episode of Young and Profiting Podcast.
    1:15:44 Every time you listen and enjoy an episode of this podcast, please share it with somebody
    1:15:45 that you know.
    1:15:50 Maybe someday your AI personal assistant will be able to do that for you.
    1:15:53 But until then, we depend on you to share our content.
    1:15:58 And if you did enjoy the show and you learned something new, if you love to listen to YAP
    1:16:03 during your workout, during your commute while you’re doing chores, if you made it a habit
    1:16:08 to listen to this podcast, you love it so much, write us a review, tell the world how
    1:16:10 much you love Young and Profiting Podcasts.
    1:16:12 It is the number one way to thank us.
    1:16:16 We get reviews every single day and they always make my day.
    1:16:20 If you prefer to watch your podcast’s videos, you can find us on YouTube, just look up Young
    1:16:21 and Profiting.
    1:16:23 You’ll find all of our videos on there.
    1:16:28 You can also find me on Instagram at @yappwithhala or LinkedIn by searching my name.
    1:16:29 It’s @halata.
    1:16:33 And before we go, I of course have to thank my incredible production team.
    1:16:36 Shout out to our audio engineer, Maxie.
    1:16:38 Thank you so much for all that you do.
    1:16:43 Shout out to Amelia, Korday, Christina, Sean, Hisham for Khan.
    1:16:45 It takes a village to put on this show.
    1:16:50 So shout out to my entire team for doing incredible work.
    1:16:55 Young and Profiting Podcasts is a top business show and it’s because of your hard work.
    1:16:57 So thank you guys so much.
    1:17:00 This is your host, Hala Taha, aka The Podcast Princess, signing off.
    1:17:02 [MUSIC PLAYING]
    1:17:04 [MUSIC PLAYING]
    1:17:06 [MUSIC PLAYING]
    1:17:08 [MUSIC PLAYING]
    1:17:10 [MUSIC PLAYING]
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    1:17:23 [BLANK_AUDIO]

    At just 11 years old, Mustafa Suleyman started buying and reselling candy for profit in his modest London neighborhood. Many years later, he co-founded one of the most groundbreaking AI companies, DeepMind, which Google later acquired for £400 million. But while at Google, Mustafa felt things were moving too slowly with LaMDA, an AI project that eventually became Gemini. Convinced that the technology was ready for real-world impact, he left to co-found Inflection AI, aiming to build technology that feels natural and human. In this episode, Mustafa shares insights on how AI is quickly changing how we work and live, the challenges of using it responsibly, and what the future might hold.

    In this episode, Hala and Mustafa will discuss: 

    – The ethical challenges of AI development

    – How AI can be misused when in the wrong hands

    – AI: a super-intelligent aid at your fingertips

    – Why personalized AI companions are the future

    – Could AI surpass human intelligence?

    – Narrow AI vs. Artificial General Intelligence (AGI)

    – How Microsoft Copilot is transforming the future of work

    – A level playing field for everyone

    – How AI can transform entrepreneurship

    – How AI will replace routine jobs and enable creativity

    Mustafa Suleyman is the CEO of Microsoft AI and co-founder of DeepMind, one of the world’s leading artificial intelligence companies, now owned by Google. In 2022, he co-founded Inflection AI, which aims to create AI tools that help people interact more naturally with technology. An outspoken advocate for AI ethics, he founded the DeepMind Ethics & Society team to study the impact of AI on society. Mustafa is also the author of The Coming Wave, which explores how AI will shape the future of society and global systems. His work has earned him recognition as one of Time magazine’s 100 most influential people in AI in both 2023 and 2024.

    Connect with Mustafa:

    Mustafa’s LinkedIn: https://www.linkedin.com/in/mustafa-suleyman/ 

    Mustafa’s Twitter: https://x.com/mustafasuleyman

    Resources Mentioned:

    Mustafa’s book, The Coming Wave: Technology, Power, and the Twenty-first Century’s Greatest Dilemma: https://www.amazon.com/Coming-Wave-Technology-Twenty-first-Centurys/dp/0593593952 

    Inflection AI: https://inflection.ai/ 

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

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    Follow Hala Taha

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  • YAPClassic: Seth Godin, Why Employee Productivity Is at a 70-Year Low and How to Fix It

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
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    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
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    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:09 As always, you can find all of our incredible deals in the show notes.
    0:01:13 YAP GANG!
    0:01:25 I hope you enjoyed my interview with Seth Godin earlier this week, which was all about
    0:01:26 strategy and entrepreneurship.
    0:01:30 I highly recommend, if you haven’t heard that one, to go back to Monday’s episode
    0:01:32 and listen to it now.
    0:01:36 Seth has given us so many wonderful insights over the years that we decided to give you
    0:01:38 a double dose of him this week.
    0:01:44 We are replaying my second interview with him from May of 2023, which focused on productivity.
    0:01:48 Seth is not only one of the top marketers of our generation, but he’s also the founder
    0:01:52 of the Carbon Almanac, a project that’s focused on climate change.
    0:01:56 We led a team of 300 volunteers across 40 countries to build the Almanac.
    0:02:02 That was a massive undertaking that highlighted Seth’s human-centric approach to work.
    0:02:06 We used this project as a jumping-off point for a fascinating conversation on how the
    0:02:12 nature of work is changing and why we need a new way of measuring human productivity.
    0:02:16 Seth argued that traditional work models have encouraged us to participate in a race to
    0:02:21 the bottom, one in which we work more hours, we make things faster and cheaper to maximize
    0:02:22 profit.
    0:02:27 But, Seth believes what we really should be engaged in is a race to the top.
    0:02:32 This new model of work is all about generating value, fostering creativity, and giving our
    0:02:35 co-workers and employees a sense of agency and respect.
    0:02:38 Now, I think this is something that we can all align to.
    0:02:44 This is a super inspiring conversation that you’ll love, and it starts now.
    0:02:50 So, let’s dive right in and set the stage for everyone.
    0:02:54 You have a book called The Song of Significance, and based on your research and your own personal
    0:02:58 opinion, let’s talk about why work isn’t working anymore.
    0:03:05 Well, you have to have been living under a rock to not realize that we’ve had a pandemic,
    0:03:10 that lots of people have quit their job, that we’re working from home, that employee satisfaction
    0:03:11 is way down.
    0:03:15 The productivity is lower than it’s been in 70 years of measuring it.
    0:03:17 Why is all of that happening?
    0:03:23 The reason it’s happening is we built work around industrialism, the assembly line, making
    0:03:28 cars, having bosses, churning stuff out, being a cog in the system.
    0:03:29 That’s what school is, right?
    0:03:34 That number one question you ask in school if you’re smart is, “Will this be on the
    0:03:35 test?”
    0:03:36 And it’s not going to be on the test.
    0:03:37 You don’t bother learning it.
    0:03:39 Well, who invented the test?
    0:03:44 The test was invented by factory owners to teach people to be good employees.
    0:03:51 And what I am arguing in the book is that that kind of work is going away and it makes
    0:03:57 us unhappy and bosses are freaking out because they only know how to do that old kind of
    0:03:58 work.
    0:04:04 But the work that’s actually scaling and creating value is human work, is when we treat each
    0:04:07 other with respect and dignity and build something new.
    0:04:11 And I want to help people have a conversation about that because I think it’s urgent.
    0:04:12 Yeah.
    0:04:17 And I think this conversation is so important right now because all the signs are on the
    0:04:22 wall in terms of quiet quitting and people becoming entrepreneurs because they’re not
    0:04:26 happy at work, managers unhappy with their employees, employees unhappy at work.
    0:04:29 So what a great time to have this conversation.
    0:04:33 So throughout the book, you talk about this fork in the road that we’re at.
    0:04:35 Can you describe this fork in a road?
    0:04:39 Well, when you see a fork, you should take it left or right, but you should take it because
    0:04:42 standing in the middle isn’t going to do any good.
    0:04:45 And lots of folks are seeing chat GPT right now.
    0:04:49 If you’re a mediocre writer, you need to acknowledge that we can get someone to do
    0:04:51 your writing for free anytime we want now.
    0:04:56 And if you’re a mediocre voiceover artist, well, 11 Labs can reproduce the voice of just
    0:04:59 about anybody if it’s sort of average.
    0:05:04 And if you are going to race to the bottom by trying to work more hours and sell things
    0:05:08 more cheaply, if you’re on Upwork and you’re the cheapest person, that’s how you get your
    0:05:09 gigs.
    0:05:14 If you’re a wedding photographer, who’s half the price of every other wedding photographer,
    0:05:15 you’re racing to the bottom.
    0:05:18 And the problem with that is you might win or come in second.
    0:05:23 The alternative, the other fork is to race to the top to be the one and only.
    0:05:25 Like you are the one and only Hala.
    0:05:29 We haven’t talked in three years and I still remember the last time we engaged because you
    0:05:35 have chosen to be you, not to be replaceable cog in a giant system.
    0:05:36 But it’s scary.
    0:05:40 Artists don’t want to be on the hook and people don’t really want to either, but it’s the
    0:05:42 best place to be.
    0:05:47 So I’d love to understand just to kind of continue to set the foundation for my listeners,
    0:05:52 the industrial revolution or the industrial capitalism, sorry, versus market capitalism.
    0:05:56 Can you kind of go over those two concepts and why they’re important in terms of what
    0:05:57 you’re speaking about?
    0:06:02 So industrialism says we have a factory with people and machines in it.
    0:06:06 And our job is to make it go a little faster and a little cheaper every day.
    0:06:08 That’s what McDonald’s does.
    0:06:10 That’s what General Motors does.
    0:06:11 They crank it out.
    0:06:13 You don’t have to be a giant company to do that.
    0:06:16 You could be a three-person insurance agency and do the same thing.
    0:06:20 Do what you did yesterday faster and cheaper.
    0:06:23 Market capitalism is, is there anybody out there who has a problem?
    0:06:25 Maybe I can solve it for them.
    0:06:29 And finding and solving problems is where capitalism started.
    0:06:34 It got hijacked by giant companies, the stock market, machines and everything else.
    0:06:36 But now you know who owns the machines?
    0:06:40 Anyone with a laptop, anyone with a smartphone.
    0:06:43 So if you own the machine, you don’t want to be a machine.
    0:06:48 You want to be a machine owner, which means you have to use that tool to do something
    0:06:51 that hasn’t been done before, something that might not work.
    0:06:57 And so can you talk to us about how industrial capitalism really worked a long time ago,
    0:07:04 but now with AI and computers and the internet, how it’s no longer the same and no longer
    0:07:05 serving us in the same way?
    0:07:07 Well, I mean, it made us all rich.
    0:07:13 You and I are both wearing clothes that we could buy somewhere for 10, 20 bucks, whereas
    0:07:17 the same clothes 30 years ago would have cost five times that.
    0:07:23 That so many things that we depend on have gotten cheaper and cheaper and cheaper.
    0:07:25 And you can’t make them any cheaper.
    0:07:27 We’re creating so much trash.
    0:07:32 We’re poisoning the earth so badly that cheaper is not going to be our solution.
    0:07:34 There’s no question that wealth is unfairly distributed.
    0:07:38 There’s no question there are people who don’t have enough, that you and I have enough clothes
    0:07:41 in our closet that we would never have to buy another piece of clothing ever again.
    0:07:44 But there are other people in the world who don’t have that.
    0:07:45 I’m not talking about that.
    0:07:50 What I’m talking about is in the engines of our economy, where people have jobs.
    0:07:52 Where are the next billion jobs going to come from?
    0:07:59 Because since 1960, this planet has invented six billion jobs that didn’t used to exist.
    0:08:00 Where did they come from?
    0:08:01 And what kind of jobs are they?
    0:08:06 Going forward, we’re not hiring somebody to work in a steel mill, and we’re not hiring
    0:08:11 somebody to crank out an insurance form anymore, because computers do that.
    0:08:19 So what’s left is to ignore what they brainwashed you with in school, look around, find a problem,
    0:08:20 and solve it.
    0:08:21 That doesn’t mean you have to start your own business.
    0:08:23 It’s fine with me if you do.
    0:08:29 But you need to work with people who are aligned in that human activity, creating value by
    0:08:35 doing something that might not work, leading instead of managing, creating possibility instead
    0:08:36 of taking it away.
    0:08:41 So in your book, you say that real value is no longer created by traditional measures
    0:08:42 of productivity.
    0:08:46 So what would you say the new measures of productivity are?
    0:08:51 So the old kind of productivity was how many widgets could you make in one hour of work?
    0:08:56 And now what I want to know is for every dollar I’m paying you, how many lives were changed?
    0:09:00 And a nurse can change someone’s life in 10 seconds, where they might be able to change
    0:09:02 someone’s life in 40 hours.
    0:09:05 But if you’re not changing someone’s life, why are you here?
    0:09:10 If you’re a marketer, why did you send that email if you weren’t trying to change someone?
    0:09:13 And if all you’re doing is hustling, you’re not making a profit.
    0:09:15 You’re just bothering people.
    0:09:19 And so this isn’t about figuring out how to be the next Kim Kardashian, because we already
    0:09:21 have too many Kardashians.
    0:09:23 We don’t need another one.
    0:09:28 What this is about is to say, how can I earn the trust and benefit of the doubt from people
    0:09:30 and offer them a solution to their problem?
    0:09:34 For me, the real tagline is, and create value.
    0:09:40 Do work that we would miss if you were gone, that you can’t say, you can pick anyone and
    0:09:44 I’m anyone and hope for very much, because I’ll just pick someone else.
    0:09:48 And talk to us about how this is actually economically viable, how companies who are
    0:09:51 leaning into this strategy are actually doing well.
    0:09:54 Well, almost every company that leans into this is doing well.
    0:09:59 This is not about free snacks and singing folk songs around the campfire and letting
    0:10:01 anyone take whatever day off they want.
    0:10:06 This is about being very clear about the promise you are making.
    0:10:12 One of the things I talk about in the book is the principle of criticizing the work relentlessly
    0:10:15 but never criticizing the worker.
    0:10:20 That we don’t need dominance in order to do great work, but we do need standards.
    0:10:22 What are the standards?
    0:10:25 What does it mean to make the best pizza in New York City?
    0:10:27 You’re not going to do that if you act like pizza.
    0:10:33 You’re going to do that if you bring a different kind of care and humanity to what you do.
    0:10:34 Totally.
    0:10:37 And of course, what you’re saying is also going to make your employees happier, which
    0:10:40 is going to lead to much better work and happy customers.
    0:10:44 So in your book, you asked 10,000 people or in your research for your book, you asked
    0:10:49 10,000 people in 90 countries to describe the conditions at the best job they’ve ever
    0:10:50 had.
    0:10:52 What were some of the top answers that people gave?
    0:10:54 What was the best job you ever had?
    0:11:00 Me as an entrepreneur, CEO of my company and this podcast for sure.
    0:11:02 Everyone knows the answer to that question.
    0:11:03 Everybody.
    0:11:07 And then I gave people 14 choices as to what made it the best job.
    0:11:09 Like I got paid a lot.
    0:11:10 I didn’t get fired.
    0:11:12 I got to travel.
    0:11:13 No one picked those.
    0:11:16 Those are what bosses think people want.
    0:11:17 No one picked those.
    0:11:21 What they picked was, “I accomplished more than I thought I could.
    0:11:25 I worked with people who treated me with respect and I did work that matters.”
    0:11:30 So if we can build an institution like that, we will be more proud of our work.
    0:11:36 And the people who work for us are more likely to bring magic to work, not just their bodies.
    0:11:40 And you have a great analogy in your book that describes some of the songs that you
    0:11:41 lay out.
    0:11:46 You talk about the song of increase, the song of safety, the song of significance.
    0:11:49 And you use honey bees as an analogy to get your point across.
    0:11:52 So what can humans learn from honey bees?
    0:11:54 I love the bees.
    0:11:56 I’ve been obsessed with them for a while.
    0:12:01 A hive of bees, which is almost entirely run by women, by the way, a hive of bees, if it
    0:12:05 makes it through a long winter, will have to make a decision.
    0:12:10 And that decision is, do they have enough resources to sing the song of increase?
    0:12:15 And in that moment, 12,000 bees will leave the hive in 10 minutes.
    0:12:19 They will leave behind all the honey, all the baby bees, a new baby queen.
    0:12:23 They’ll just leave and they will go swarm to a tree about 100 feet away.
    0:12:27 To see this, to witness it, is an extraordinary thing, this leap.
    0:12:32 Then they form a tight ball in that tree and have to huddle together to maintain a body
    0:12:34 temperature of 98 degrees.
    0:12:38 Now they only have three days to find a new place to live if they don’t, they’re going
    0:12:39 to die.
    0:12:43 And during those three days, just a few of them scouts go out and look for the new place.
    0:12:46 But everyone else is basically freaking out and hiding out.
    0:12:50 And we’re not bees, but we’ve been singing the song of safety for too long.
    0:12:55 For too long, we’ve been huddled at home, hoping that everything will get better.
    0:12:59 But we aren’t easily capable of singing the song of increase either.
    0:13:03 So what I talk about in the book is the song of significance.
    0:13:08 Singing to each other about possibility, about being surprised, about doing things that might
    0:13:15 not work, about eliminating false proxies, about deciding we’re going to make a change
    0:13:16 happen.
    0:13:18 And we can do that, but first we have to talk about it.
    0:13:21 And so let’s stick on this idea of safety.
    0:13:25 What do workers need in terms of feeling safe?
    0:13:27 And once those needs are met, what do we want?
    0:13:33 I think that for too long, at least in this country, we have over-indexed for I don’t
    0:13:34 want to get fired.
    0:13:37 That turnover is a horrible thing.
    0:13:41 But when I was coming up, the average person had a job that lasted 20 or 30 years.
    0:13:43 Now, that’s insane.
    0:13:45 No one has a job that lasts 20 or 30 years.
    0:13:46 Turnover is a given.
    0:13:51 If you look at almost anybody on LinkedIn, you will see the turnover is a good thing,
    0:13:53 not a bad thing.
    0:14:00 Safety comes from, are you being manipulated, criticized, or attacked for who you are, not
    0:14:02 for the work you do?
    0:14:09 Safety means being in a place where it’s understood that we tell each other the truth.
    0:14:15 It’s understood that part of what it means to discover the next thing is to fail on
    0:14:16 the way.
    0:14:20 That failure is not a bad thing if we take responsibility and talk about it.
    0:14:28 And so when we feel these safety things around our identity, we are far more likely to sing
    0:14:33 than if we are constantly on defense because we don’t fit the dominant paradigm.
    0:14:37 Let’s hold that thought and take a quick break with our sponsors.
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    0:19:25 Okay, so let’s talk about significance.
    0:19:30 Why do we need significance in our work and then how do we create the conditions of significance
    0:19:32 as a leader or a manager?
    0:19:37 I think that there’s a long history of people like 10,000 years not having significance
    0:19:38 in their work.
    0:19:45 If you are a hunter or gather, you’re collecting berries or chasing down a buffalo, thank you.
    0:19:49 You fed the family, but that wasn’t the purpose of your life.
    0:19:54 As the years have gone by, we spend way more time at work.
    0:19:58 In the days of the cavemen, cavemen worked about an hour a day, maybe two.
    0:20:01 We worked nine or 10 or more.
    0:20:05 Number two is it’s become much more intellectually rigorous and rewarding.
    0:20:10 You’re going to spend 90,000 hours at your job before you die.
    0:20:14 If you want to say, “Well, I’ll just get that over with and then I can go home and
    0:20:18 watch Netflix,” I’m afraid you’ve given up an enormous portion of your life for no good
    0:20:19 reason.
    0:20:21 We think about the hive.
    0:20:24 The point of a beehive isn’t to make honey.
    0:20:27 The honey is a byproduct of a healthy hive.
    0:20:29 The honey enables the hive.
    0:20:30 It’s not the point.
    0:20:34 I think we should think the same thing about our jobs.
    0:20:41 How would you say that managers and leaders can create a culture of significance or ensure
    0:20:44 that there’s significance in their employees’ work?
    0:20:48 I think it’s a trap to wait for your boss to announce this is going to happen.
    0:20:54 We can each find significance, whether we’re a barista or a surgeon, simply by claiming
    0:20:59 responsibility, making things better, giving away credit, doing it again.
    0:21:05 That’s the smallest single unit of innovation you could bring to your work.
    0:21:08 The smallest, not the biggest possible thing that would change everything.
    0:21:12 If you showed up on your next podcast and introduced a feature that lasted 30 seconds
    0:21:16 at the end of the podcast that no one had ever done on a podcast before, it would be
    0:21:17 pretty scary.
    0:21:20 If it worked, that would be great because you could do it again.
    0:21:23 If it didn’t work, you wouldn’t have to do it again.
    0:21:25 No thing bad would happen.
    0:21:31 If we are so indoctrinated into reading the script, we never experience that feeling.
    0:21:34 Then the second part is, let’s get real or let’s not play.
    0:21:35 Let’s talk about it.
    0:21:39 Let’s have a discussion with coworkers.
    0:21:42 Let’s organize whatever it is, a book group.
    0:21:45 No one ever got fired for organizing a book group at work.
    0:21:51 Organize a book group, talk to other people, find their humanity, figure out where possibility
    0:21:52 lies.
    0:21:54 Pick up the phone and answer the customer service calls, even if you’re not the customer
    0:21:55 service person.
    0:21:58 Do it one day after work for 15 minutes.
    0:22:02 You will hear from customers and learn things you didn’t know before.
    0:22:06 All of these things are possible, but we’ve been so indoctrinated into doing as little
    0:22:11 as possible because the boss keeps taking from us that we’re exhausted and we remain
    0:22:12 cogs in the system.
    0:22:17 I know that one of the key concepts you talk about in terms of having significance at work
    0:22:21 is to make sure that employees have agency and dignity at work.
    0:22:24 Can you talk to us about why those two things are really important?
    0:22:26 Because we’re humans.
    0:22:31 Agency is the freedom to make a decision, that that’s what we all make actually.
    0:22:33 We don’t make kettlebells.
    0:22:34 We don’t make chairs.
    0:22:39 We make decisions and machines or factories make the stuff.
    0:22:44 Dignity is something that human beings crave, but it’s very hard to claim it for yourself,
    0:22:48 but it’s very easy to give it to someone.
    0:22:54 What we can do is build an institution that is functioning at a high level, that is profitable.
    0:22:59 Whether we’re a freelancer with two or three clients or someone running a big company,
    0:23:05 where our nature is to engage with other people in this sort of dance.
    0:23:09 I remember coming up in my 20s, starting my first companies.
    0:23:17 It’s so easy to just buy the cheapest, work with the cheapest, be very dictatorial.
    0:23:20 You’re panicking because you’re not making an enormous amount of profit.
    0:23:24 It doesn’t cost more for the people you work with to have agency.
    0:23:29 It costs less because when you offer people the chance to contribute, they’re so eager
    0:23:33 to do so that productivity goes up, not down.
    0:23:35 I totally agree.
    0:23:39 Related to this, you talk about this Japanese concept, “kokoro.”
    0:23:41 I hope I said that right.
    0:23:43 What is kokoro and how can we employ it?
    0:23:49 It might be pronounced kokoro, but I have seen different pronunciations.
    0:23:54 It’s a ideogram from the Chinese, and it’s a picture of a house and a heart.
    0:23:59 What it says is that wherever you are in the world, if you can be in a place where your
    0:24:03 heart is as well, your life is better.
    0:24:08 It’s a form of love and belonging and activation.
    0:24:09 For too long, we’ve been confused.
    0:24:14 Either we say, “Don’t bring your full self to work because they’re going to beat you
    0:24:20 up,” or we say, “You should be authentic at work,” which is selfish because what you
    0:24:23 really need to be at work is eagerly empathic.
    0:24:26 You’re not at work to help you when you’re dealing with a customer.
    0:24:28 You’re there to help them.
    0:24:34 If we can find heart in doing that, if we can find heart in the connection that we get
    0:24:39 to make with our coworkers and our customers, everybody comes out ahead.
    0:24:42 The next thing I want to talk about was really interesting to me.
    0:24:46 You debunked the fact that people don’t want to work hard these days because you actually
    0:24:52 put together a volunteer organization for the carbon almanac.
    0:24:56 You were able to get a lot of people to work together for free for this project.
    0:25:01 I would love to understand what you learned from putting on this project and how you created
    0:25:03 this culture of significance to get the project done.
    0:25:05 I love talking about this.
    0:25:09 I need to clarify, I didn’t get people to work really hard for free.
    0:25:14 I also worked for free full-time for over a year to build something.
    0:25:19 What I did, my contribution was to create the conditions for people to do what they
    0:25:26 wanted to do all along, which is connect with other people, do work that matters, and make
    0:25:27 a difference.
    0:25:28 We had 300 volunteers.
    0:25:33 Now it’s 1,940 countries working 24 hours a day around the clock.
    0:25:37 We had not one meeting, not one for the entire crew.
    0:25:40 It was all built online.
    0:25:41 We beat our deadline.
    0:25:44 We wrote a 97,000-word almanac.
    0:25:45 We footnoted it.
    0:25:46 We illustrated it.
    0:25:47 We fact-checked it.
    0:25:51 We didn’t make one significant error, and it was translated into languages around the
    0:25:56 world, including Italian, Korean, and Czech, and Chinese.
    0:25:59 We did all that in just five months.
    0:26:05 The way we did it was by following the precepts in this book, page 19, thinking, seeing other
    0:26:12 people, offering them dignity, figuring out how are we going to raise our standards in
    0:26:17 a way that thrills us, and the output speaks for itself.
    0:26:19 That doesn’t mean people should work for free.
    0:26:20 That’s not what I was implying.
    0:26:25 We did this for free so that we could spend every penny we earned to promote the book
    0:26:30 itself, because that’s why we did the project, to change people’s minds.
    0:26:35 The same thing happens at a community orchestra, where you’ve got 100 people who are paying
    0:26:39 a conductor, so that they can perform in an orchestra like they did in school.
    0:26:40 Why would someone do that?
    0:26:45 Some people get paid to play the flute, but people are paying to do it with passion and
    0:26:48 love because they can.
    0:26:51 Where we started this conversation a little while ago, it’s not a good job because they
    0:26:52 pay you a lot of money.
    0:26:55 It’s a good job because you made a difference.
    0:26:56 It’s so true.
    0:26:58 I have to tell a personal story.
    0:27:04 When I first started Young and Profiting Podcast, I had 20 volunteers who used to help me on
    0:27:08 the show, and that turned into my company two years later.
    0:27:13 For two years, 20 people worked for free for me because I had no guidelines for them.
    0:27:14 It was like, “What do you want to learn?
    0:27:15 What do you want to do?
    0:27:16 I’ll teach you this.
    0:27:17 Sure, you want to do that?
    0:27:18 Go ahead and do that.
    0:27:19 That makes you happy.”
    0:27:20 Okay, cool.
    0:27:24 It was just so flexible, and everybody worked together, and still some of the same people
    0:27:25 work with me.
    0:27:30 But as soon as we were a profit-generating company, the whole culture changed.
    0:27:34 You’re still a great culture, but it’s just different because people can’t do exactly
    0:27:36 what they want to do.
    0:27:39 Now that I read your book, I’m going to try to think about that a little bit differently,
    0:27:45 but it’s just so interesting how well things ran for a really long time when nobody was
    0:27:46 getting paid.
    0:27:47 Yeah.
    0:27:53 One of the things I want to highlight is, if you’re doing productive work in a team,
    0:27:55 nobody gets to do exactly what they want to do.
    0:27:57 That’s not what’s on offer.
    0:28:02 What’s on offer is helping people choose what they want to do based on what needs to be
    0:28:04 done.
    0:28:10 As we were exploring the stuff in the Carbon Albinac, we learned a lot about climate,
    0:28:13 but that doesn’t mean the readers knew what we knew.
    0:28:16 We had to say, “Well, based on the person we’re imagining is going to read this, what
    0:28:19 needs to be on page 25?”
    0:28:23 You might not feel like writing what’s on page 25, but you do feel like making the
    0:28:25 change we seek to make.
    0:28:31 Knowing that there is a hole on page 25, if you enjoy that thing, go do it.
    0:28:34 The difference between surfing and golf is really important.
    0:28:37 Most profit-making institutions think they’re playing golf.
    0:28:43 Golf is, “How do I beat the other person by a half a percent?”
    0:28:46 If they want to change the golf course, they have to have a meeting and it’s a big deal
    0:28:54 to move the little cup by a foot, whereas in surfing, every wave is different.
    0:28:55 That’s the point.
    0:28:58 There’s no bad oceans.
    0:29:03 There’s just surfers who don’t know how to surf what’s right in front of them.
    0:29:08 A surfing champion actually built a surf farm in California on an abandoned farm, and he
    0:29:14 installed train tracks and a full-size locomotive with a snow plow in front of it.
    0:29:16 Then he filled it with two feet of water.
    0:29:22 The snow plow comes down and makes a giant wave, and you can surf the same wave over
    0:29:25 and over again because that was going to be the future of surfing.
    0:29:31 You don’t hear about that place very much because surfers like the idea that they don’t
    0:29:33 get to pick the wave.
    0:29:35 They just have to surf it as well as they can.
    0:29:42 That’s also why machines and AI aren’t going to necessarily take over every single job.
    0:29:46 They’re going to take over all the jobs where people have been trying to fit in.
    0:29:51 If you look, 80% of the stuff that’s on social media could have been written by anybody,
    0:29:55 so now it will be written by anybody, a computer.
    0:30:01 Whereas if you are distinctive in your point of view and are connected in a way that shifts
    0:30:07 over time, an AI can’t do that because AIs only look backwards.
    0:30:10 What we need to do is look forward.
    0:30:15 You alluded to this concept of the Page 19 principle that helped you guys get a lot done
    0:30:17 for creating this almanac.
    0:30:21 How did that principle help you guys overcome overwhelm and perfectionism?
    0:30:28 On the third or fourth week, a few of us were talking and I said, “Well, this almanac has
    0:30:33 to have Page 19, but there’s not one person in the entire community who knows everything
    0:30:35 they need to know to make Page 19 happen.
    0:30:39 There’s not one person who can write it, edit it, footnote it, copy edit it, illustrate
    0:30:43 it, chart it, and finish it, but there will be a Page 19.”
    0:30:46 How are we going to get from where we are to where we need to go?
    0:30:51 And the answer is Page 19 thinking, which says if you can write a paragraph of it, please
    0:30:53 do and then share it with us.
    0:30:55 And if you can make that paragraph better, please do.
    0:30:58 And if you can footnote that paragraph, please do.
    0:31:04 And so the idea of here, I made this, doesn’t mean here, this is done and it is perfect.
    0:31:08 It’s here, can you please improve this?
    0:31:13 When you improve it, I won’t feel bad, I’ll feel good because that’s what we do around
    0:31:14 here.
    0:31:19 And too often in big and small companies, the opposite is true.
    0:31:21 We’re afraid to show our work.
    0:31:24 And if we do show our work and so it improves it, we feel badly.
    0:31:27 And that’s because we’ve been indoctrinated to feel that way.
    0:31:31 So I’m going to switch gears a little bit here, and let’s talk about the four kinds
    0:31:32 of work.
    0:31:39 So in your book, you have a two by two grid with stakes and trust as the two axis.
    0:31:44 I’d love to understand these four kinds of work and why a significant organization is
    0:31:46 one with high trust and high stakes.
    0:31:50 Okay, so there are stakes, high stakes and low stakes.
    0:31:54 It is low stakes to go to the local coffee shop for your morning coffee.
    0:31:57 If they’re closed, you can get it at the coffee shop next door.
    0:31:59 If the coffee’s not that good, it’s fine.
    0:32:05 But then there’s high stakes work, like open heart surgery or a jazz quartet playing at
    0:32:08 Carnegie Hall and recording a live album.
    0:32:10 It’s pretty easy to understand there’s high stakes and low stakes.
    0:32:13 And then there’s high trust and low trust.
    0:32:15 Low trust work is surveillance.
    0:32:20 So if you’re taking an airplane, you know that nobody in the entire thing got to make
    0:32:22 stuff up as they went along.
    0:32:27 The pilot, the baggage handlers, the schedulers, everyone had to do it based on how it has
    0:32:28 been done before.
    0:32:31 And you like that because planes don’t crash.
    0:32:34 And it’s quite likely you’re going to get to where you’re going.
    0:32:40 That is high stakes, low trust, and it enables our world to work because there’s lots of
    0:32:44 transactions we have where we can’t be sure and we don’t get a do-over.
    0:32:46 But you don’t have to work at an airline.
    0:32:51 I hope you don’t because airline employee satisfaction is very low.
    0:32:54 People are mistreated by their bosses and by their customers.
    0:32:55 Not fun.
    0:33:00 On the other hand, when a jazz quartet is trading fours on stage at Carnegie Hall with
    0:33:06 people they know and respect, and the bass player throws a riff to the trumpet player,
    0:33:07 that’s magic.
    0:33:10 That is high trust, high stakes.
    0:33:16 Or if a barista greets you, even though it’s not in the manual, smiles at you, says, “Hallo,
    0:33:17 welcome back.
    0:33:18 I hope you had a good trip this weekend.”
    0:33:21 That was worth more than the cost of the coffee.
    0:33:29 And it was worth more to you and to the barista because they got to do high trust work even
    0:33:31 though the stakes were low.
    0:33:36 And so what we seek when we are a customer with a choice, and what we seek when we’re
    0:33:40 looking where to work, is high trust work.
    0:33:42 And maybe high stakes, maybe not.
    0:33:43 That’s up to us.
    0:33:48 But if you’re under surveillance, you don’t have any agency and you’re unlikely to find
    0:33:50 joy or growth at work.
    0:33:51 I love that.
    0:33:56 So one of the biggest ways to create a significant organization is to remember that humans are
    0:33:57 not a resource.
    0:34:02 Can you talk to us about the concept of human resources and why it’s flawed and outdated?
    0:34:05 So you’ve heard the phrase, “He was jerking me around.”
    0:34:06 Yes.
    0:34:10 That came from the assembly line in 1920.
    0:34:15 Someone visited the Ford plant and saw the workers being jerked around like they were
    0:34:20 marionettes with strings, this way, that way, this way, that way.
    0:34:23 And someone was a stopwatch, measuring every motion.
    0:34:27 Because if you could get the human to act like a machine, you could make more money.
    0:34:30 And that’s when the phrase “human resources” was born.
    0:34:36 Because the job of the boss is to get the person to be a reliable machine.
    0:34:41 And just like the honey isn’t the point of the hive, humans are not a resource.
    0:34:42 Humans are the point.
    0:34:45 Humans are why we are here.
    0:34:49 And if we can make productivity go up, that’s great.
    0:34:52 If we can use machines in outsourcing and AI, that’s great.
    0:34:57 But sooner or later, the reason we are here is to dance with other humans.
    0:35:01 We’ll be right back after a quick break from our sponsors.
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    0:40:03 And as we start to close out this interview, Seth, I’d love to understand from you your
    0:40:08 best advice to leaders and managers who want to create a culture of significance in their
    0:40:09 organization.
    0:40:13 What should they do next as an actionable step, other than read your book, of course?
    0:40:17 I would say the most important first step is to realize that you’re either in any given
    0:40:19 moment a leader or a manager.
    0:40:21 They are two different jobs.
    0:40:23 Leaders have a spot in the hierarchy.
    0:40:28 They have power and authority, and they move ahead by getting people to do what they say.
    0:40:31 Leaders do something voluntary and optional.
    0:40:33 They explore what might not work.
    0:40:35 They get voluntary cooperation.
    0:40:37 You can be a leader with no employees.
    0:40:42 That person who organized the book group at work, they’re being a leader in that moment.
    0:40:46 And then the second part of it is once you decide to lead, the work is to talk about
    0:40:47 it.
    0:40:49 What does it mean to work here?
    0:40:51 What is it like around here?
    0:40:52 How do we have meetings?
    0:40:54 Why are we having meetings?
    0:40:58 What are we doing where we criticize the worker when we really should be criticizing the work?
    0:40:59 What are we measuring?
    0:41:00 Who are we here to change?
    0:41:06 My book has more than 150 questions in it, because we’re not talking about it.
    0:41:12 And the reason it’s worth you and I talking in this setting is not because I like hearing
    0:41:13 the sound of my own voice.
    0:41:15 I really don’t.
    0:41:21 It’s because we are modeling something that should happen in every break room, in every
    0:41:26 review session, with every boss at every board of directors meeting, which is why are we
    0:41:27 even here?
    0:41:31 The goal of a company should not be to maximize its short term profit.
    0:41:35 Goal of a company is to create the conditions for better.
    0:41:40 And that means better for the planet, better for their employees, better for their customers.
    0:41:44 If you do those things, the profits will take care of themselves.
    0:41:48 There is a company that you talk about in your book that is employing this strategy really
    0:41:49 well.
    0:41:50 It’s called Aravind Eye Care.
    0:41:54 So I’d love to understand what they’re doing and how we can learn from them.
    0:41:59 So if I add up the total population of New York, Chicago, and Los Angeles, that’s how
    0:42:02 many people Aravind has restored eyesight to.
    0:42:09 They are a hospital chain in India that does cornea replacement and operations.
    0:42:13 And if you go there, these numbers are a little old, but pretty close.
    0:42:15 If you go there, you have a choice.
    0:42:18 It’s either $130 or it’s free up to you.
    0:42:21 You get exactly the same surgery either way.
    0:42:23 The only difference is how nice the recovery room is.
    0:42:27 Now you take a look at what is it like to open an eye hospital.
    0:42:31 The thing you should be the most afraid of is that you will make someone’s eyes worse.
    0:42:34 And the way that that could happen is with an infection.
    0:42:40 Well, the rate of infection on the eye surgery at Aravind is less than the infection you would
    0:42:42 get rate in London.
    0:42:45 So they have rigor.
    0:42:47 They have high standards.
    0:42:52 They are operating at such a high level that if you go to an ophthalmologist in the United
    0:42:56 States, it’s likely they studied at Aravind in India.
    0:43:00 At the same time, the nurses, the staff, they have agency.
    0:43:05 Their job is to make that patient feel like they’re the only patient.
    0:43:09 Their job is to find new ways to create possibility.
    0:43:14 So they are balancing high standards and humanity.
    0:43:18 And the output is that they have restored the site of more people than any institution
    0:43:19 in the history of the world.
    0:43:22 And they do that every single day, often for free.
    0:43:24 So this is doable.
    0:43:26 It’s not just doable in Chicago or New York.
    0:43:28 It’s doable in small villages.
    0:43:33 It’s doable for big companies and little ones if we decide it’s important.
    0:43:38 And I think the big thing with this organization is that they don’t have really strict rules
    0:43:40 from my understanding.
    0:43:43 They’re all acting in their best judgment and getting the job done.
    0:43:48 So it’s high trust, high stakes, which is pretty unusual, right?
    0:43:54 Yes, but I have to balance this with except for that 20 minutes of the actual surgery.
    0:44:03 Then the standards are insanely rigorous because the only way to reliably do this at high output
    0:44:06 is to learn from the people who came before you.
    0:44:09 So if you have an improvement, they add it to the system.
    0:44:14 But the system is a system, and they relentlessly criticize the system.
    0:44:15 They keep improving the system.
    0:44:19 But if you are doing eye surgery at Irvine, you do not get to do it your way.
    0:44:21 You must do it their way.
    0:44:24 Okay, one last question on the road to significance.
    0:44:27 And this is the idea of avoid false proxies.
    0:44:31 How can we avoid the trap of measuring the easy measurements and instead focus on measuring
    0:44:34 the health and output of our culture?
    0:44:36 I’m really glad we’re including this.
    0:44:39 This is the cause of so many of the problems in our culture.
    0:44:41 We need proxies.
    0:44:44 You’re not allowed to read a book before you buy it.
    0:44:48 And you’re not allowed to taste the ketchup in the store before you take it home.
    0:44:50 So you have to judge a book by its cover.
    0:44:53 You have to judge the bottle by the label.
    0:44:54 Proxies are important.
    0:45:00 Well, if we were hiring folks to work in a factory with heavily manual labor, we would
    0:45:02 hire people who were strong.
    0:45:06 And that’s an easy thing to measure and an accurate proxy.
    0:45:09 But when we started working in the office, we have no clue.
    0:45:13 So what we did, we started hiring people who looked like us.
    0:45:16 We instigated all sorts of prejudices.
    0:45:19 We brought misogyny to the table.
    0:45:21 We gave attractive people the benefit of the doubt.
    0:45:23 We reinforced caste systems.
    0:45:26 We discriminated against people with disabilities that were totally unrelated.
    0:45:31 We rewarded people who went to a famous college or didn’t have a typo on their resume.
    0:45:35 One of which has to do with your actual job.
    0:45:39 And just because you’re good at interviewing doesn’t mean you’re good at your job.
    0:45:40 And then add to that.
    0:45:45 Once you have your job, we’re measuring easy things as opposed to the things that the customers
    0:45:46 actually care about.
    0:45:51 So how long if you work in the call center, how fast did you get that person off the
    0:45:52 phone?
    0:45:56 Well, that’s a proxy for one thing, but it’s not a proxy for customer service.
    0:45:57 Customer services.
    0:45:59 Did you delight this person?
    0:46:01 At the end, that’s what you were supposed to do.
    0:46:06 We need, now that we have all this surveillance, now that we have all these measures to ignore
    0:46:10 the easy ones and focus on the important ones.
    0:46:13 Because yes, some people perform better than others.
    0:46:18 We should find out who those people are and learn from them, not get confused by plugging
    0:46:22 into old fashioned cultural tropes.
    0:46:24 I totally agree on that.
    0:46:28 So I asked you a question about leaders and managers, Seth, but I haven’t asked you about
    0:46:33 what employees, people who are in the corporate world, I have a lot of listeners.
    0:46:37 What can they do to contribute to this and make sure that they’re in a workplace that
    0:46:41 has significance, that gives them dignity, agency, and so on?
    0:46:42 Yeah.
    0:46:43 Well, this is the whole point.
    0:46:47 I could have written a blog post which would have reached far more people than writing
    0:46:48 a book.
    0:46:50 I don’t write a book because I want to top down trees.
    0:46:54 I write a book because it’s a way to have a conversation.
    0:46:57 You don’t have to have your boss tell you it’s a significant organization for you to
    0:47:03 make it one, that in five minutes a day or 10 minutes a day or 15 minutes a day, you
    0:47:08 have enough agency to do something that matters to someone.
    0:47:13 If you take responsibility for that, give away credit, take responsibility, do it again,
    0:47:17 do it again, then they’re going to start asking you to do it.
    0:47:22 I have worked at some big companies and some little ones, and I have seen millions of people
    0:47:23 at work.
    0:47:29 People are happy or unhappy in the same job because they have chosen to bring significance
    0:47:30 there.
    0:47:34 Yes, bosses are going to figure this out.
    0:47:37 One way is you can leave a copy of this book on the desk.
    0:47:42 What’s really going to happen is that workers are going to show up and make things better
    0:47:47 by making better things and working with people they care about, and that is already changing
    0:47:48 our world.
    0:47:50 Thank you, Seth, so much for your time.
    0:47:55 The last question I ask all my guests is, what is your secret to profiting in life?
    0:48:00 I would say my secret is being really clear about what profit means.
    0:48:04 If you can leave things better than you found them, you have created a profit.
    0:48:05 I love that.
    0:48:07 Where can our listeners learn more about you and everything that you do?
    0:48:15 If you go to Seth’s.blog/song, you will find videos and links about the new book.
    0:48:16 It’s Seth’s.blog.
    0:48:18 There’s 8,000 free blog posts.
    0:48:20 That should keep you busy for a little while.
    0:48:21 Amazing.
    0:48:22 Thank you so much.
    0:48:23 Thank you.
    0:48:23 What a pleasure.
    0:48:33 Thank you.
    0:48:35 Thank you.
    0:48:36 Thank you.
    0:48:36 Thank you.
    0:48:46 [BLANK_AUDIO]

    Seth Godin led 300 volunteers across 40 countries to build The Carbon Almanac, a comprehensive almanac on climate change. All these people worked hard for free not because of an efficient assembly-line structure, but because of Seth’s human-centric approach to work. He offered them dignity, fostered a sense of agency, and created the right environment for people to connect with meaningful work. In this episode, Seth explains why traditional work models are leading us on a “race to the bottom.” He also shares how to build high-trust teams that foster creativity and lead with significance.

    In this episode, Hala and Seth will discuss: 

    – Why work isn’t working anymore

    – Industrial Capitalism vs. Market Capitalism

    – How to rise by racing to the top

    – Why turnover is a good thing

    – How to create a culture of significance

    – What jobs will be taken away by AI

    – The four kinds of work

    – Why high-trust, high-stakes work is the future

    – Creating real agency and dignity at work

    – Why you can’t treat people like a resource

    – And other topics…

    Seth Godin is one of the top marketers of our generation. He is a renowned author of dozens of international bestsellers. Seth has founded several successful companies, including Yoyodyne, which he sold to Yahoo for $30 million. He also founded the altMBA, an online leadership workshop, The Carbon Almanac, a project focused on climate change, and Squidoo, one of the internet’s early popular community platforms. In 2013, Seth was one of just three professionals inducted into the Direct Marketing Hall of Fame. He was also inducted into the Marketing Hall of Fame in May 2018.

    Connect with Seth:

    Seth’s Website: https://www.sethgodin.com/

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  • Seth Godin: How to Build a Business Strategy That Actually Works

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
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    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:08 As always, you can find all of our incredible deals in the show notes.
    0:01:10 People don’t know what strategy is.
    0:01:12 They think it’s a plan.
    0:01:14 They think it’s an instruction manual.
    0:01:15 It’s none of those things.
    0:01:17 It’s a compass.
    0:01:21 What separates an entrepreneur who succeeds from one who struggles?
    0:01:24 It’s not how many hours you put in.
    0:01:29 In this case, do you see the current, the forces of the systems that are involved?
    0:01:35 If you’re not able to talk coherently about the risks you’re taking, the changes you’re
    0:01:37 making, the systems you see, you don’t have a strategy.
    0:01:39 You’re just doing your job.
    0:01:42 Don’t play a game you can’t win if your goal is to win.
    0:01:45 If you’re not building something that people are talking about, build something better.
    0:02:04 Young Improfiters, welcome back to the show.
    0:02:06 And today, we’re going to be focused on strategy.
    0:02:11 Now, as entrepreneurs, we often think that we are really good at strategy, right?
    0:02:13 It’s a lot of what we do.
    0:02:15 We’re creating plans of action.
    0:02:16 We have outcomes.
    0:02:18 We’re aligning our plans to these outcomes.
    0:02:21 We’re doing the tactics to make sure that it gets done.
    0:02:24 But are you stepping back and actually thinking about strategy?
    0:02:28 Are you being strategic about the way that you’re doing strategy?
    0:02:32 Because there’s a lot of philosophy behind strategy and the way that the world works
    0:02:33 in general.
    0:02:35 And joining us today is Seth Godin.
    0:02:38 He’s been on the podcast twice before.
    0:02:42 He’s always so valuable when he comes on the show, and today is not going to be any different.
    0:02:44 We’re really going to go deep on strategy.
    0:02:46 That’s all we’re going to talk about today.
    0:02:49 And in particular, we’re going to learn about systems.
    0:02:51 So what are the different systems out there?
    0:02:58 Why do we need to understand and be able to see systems in order to change them as entrepreneurs?
    0:03:02 We’re going to talk about empathy and the desires that people have and how that helps
    0:03:07 us motivate people with our strategy and motivate them to buy our products and services and
    0:03:09 align to what we’re trying to do.
    0:03:13 We’re going to talk about time, and we’re going to talk about the games that people
    0:03:17 play when it comes to strategy, the games we shouldn’t play and the games that we should
    0:03:18 play.
    0:03:19 I can’t wait for this conversation.
    0:03:23 I feel like it’s going to really open our minds and think differently about strategy,
    0:03:26 which is, of course, Seth’s point in writing this new book.
    0:03:31 So without further ado, here’s my conversation with the amazing Seth Godin.
    0:03:34 Seth, welcome to Young and Profiting Podcast.
    0:03:35 Thank you.
    0:03:36 It’s great to see you.
    0:03:40 I am definitely excited to talk to you for the third time.
    0:03:46 So Young and Profiters, we talked to Seth, Episode 87, we talked about creativity, Episode
    0:03:52 225, we talked about productivity, and today we’re going to be talking about strategy.
    0:03:55 Strategy can mean a lot of things to a lot of different people, Seth.
    0:04:01 And so my first question to you to warm us up is, what do you exactly think strategy
    0:04:02 is?
    0:04:06 Well, this is why I needed to go through all the pain and suffering of writing a book because
    0:04:09 people don’t know what strategy is.
    0:04:10 They think it’s a plan.
    0:04:12 They think it’s tactics.
    0:04:13 They think it’s an instruction manual.
    0:04:16 It’s none of those things.
    0:04:18 Strategy is a philosophy of becoming.
    0:04:24 It is a way of looking at the world as it is and deciding how you want to change it.
    0:04:27 It is not a guarantee.
    0:04:28 It’s not a map.
    0:04:29 It’s a compass.
    0:04:33 And we need to talk about it, because if we don’t talk about it, you can’t make your
    0:04:34 strategy better.
    0:04:38 It doesn’t matter how fast you’re going if you’re going in the wrong direction.
    0:04:44 Now, this is a show for entrepreneurs, and I’m curious to understand why strategy is
    0:04:48 especially important for entrepreneurs.
    0:04:52 So what separates an entrepreneur who succeeds from one who struggles?
    0:04:54 It’s not how many hours you put in.
    0:05:00 It has something to do with the people you surround yourself with, but mostly it’s do
    0:05:04 you see the current, the forces of the systems that are involved?
    0:05:09 Is the world supporting you or are you fighting the world?
    0:05:14 And these are decisions, decisions that you can make early on, and then decisions you
    0:05:17 have to make again when the world changes.
    0:05:21 So I don’t care if you have a team of one or two people and you’re mostly a freelancer
    0:05:26 like me, or you’re trying to build an organization with 80,000 people in it.
    0:05:30 You still need to be very clear about what your strategy is.
    0:05:37 So a company like Amazon, they didn’t succeed because they did everything right.
    0:05:41 They succeeded because Jeff had a very simple strategy, and he stuck with it for a very
    0:05:42 long time.
    0:05:45 I feel like one of the ways that we can better understand strategy is to understand what
    0:05:46 it’s not.
    0:05:49 So what is the opposite of strategy?
    0:05:53 Well, one of the things that’s the opposite is strategic planning, which is a terrible
    0:05:54 name.
    0:05:59 Roger Martin has pointed out that you can’t have a strategic plan because a plan means
    0:06:01 that if you follow it, you will succeed.
    0:06:07 That a plan for a house, if you follow it, you will have a house when you’re done.
    0:06:13 That businesses like plans because they like power and authority and measuring and delivering.
    0:06:16 But a strategy isn’t that.
    0:06:18 A strategy is a point of view.
    0:06:19 It’s assertions.
    0:06:20 It’s what do you see?
    0:06:25 It’s who are you here to serve and how are you hoping to change them?
    0:06:29 It is a question, at least as much as it is an answer.
    0:06:34 So one of the things that you say in your book is that we’re trained our whole life based
    0:06:35 on tactics.
    0:06:39 So can you help us understand how in school and work, we’re really trained for tactics
    0:06:44 and how that might make us overlook strategy?
    0:06:49 They only ask you questions they know the answer to in school and they push you to get
    0:06:50 an A on the test.
    0:06:55 So you need tactics to do those things, study this way, answer this way.
    0:06:59 You’ve been doing this podcast now for hundreds of episodes.
    0:07:05 When you started, it wasn’t obvious that someone could professionally make a podcast.
    0:07:07 You had a strategy for how to bring the podcast to the world.
    0:07:13 The tactics of let’s make sure that the gain level is set this way or that it’s this many
    0:07:14 minutes per episode.
    0:07:19 These are important, but these wouldn’t have worked if you would have been building a pottery
    0:07:25 studio instead of a podcast because it’s almost impossible in today’s world to build
    0:07:28 a pottery studio that would have the impact that your podcast has.
    0:07:34 You had a good strategy and then you follow it with tactics that support the strategy.
    0:07:40 But if you’re not able to talk coherently about the risks you’re taking, the changes
    0:07:45 you’re making, the systems you see, you don’t have a strategy, you’re just doing your job.
    0:07:50 And what do you think a career or life looks like if you’re just only focused on the tactics
    0:07:53 and you’re never thinking about the strategy?
    0:07:59 For grandparents, ours, mine, yours, that was an entirely appropriate strategy.
    0:08:04 You got out of school, you got a job for a can company and you made cans for 40 years
    0:08:09 working your way up because the can industry would be fine, right?
    0:08:12 When the world changes, that doesn’t work so well.
    0:08:17 So let’s say you’ve worked really hard to break into Hollywood when Hollywood was about
    0:08:18 movies.
    0:08:19 Now the world changes.
    0:08:24 And all of a sudden, you’ve been turning up your nose at things like YouTube or Netflix
    0:08:27 and no one’s watching movies anymore, you’re in trouble, right?
    0:08:34 So we need the resilience to say, “My job is to figure out what my job is, not to do
    0:08:35 my job.”
    0:08:42 And when it comes to strategy and success, what do you say to the people who just say,
    0:08:43 “Try harder.
    0:08:45 You just got to work hard, try harder.”
    0:08:48 Try harder at what?
    0:08:53 Almost all the jobs that entrepreneurs do, if you knew exactly what the job was, you
    0:08:56 could hire someone cheaper than you to do it.
    0:09:01 If someone writes a 300-page book, it might take them four years.
    0:09:05 Typing a 300-page book only takes three days.
    0:09:07 So what was the rest of the time spent on?
    0:09:08 Because it wasn’t the typing.
    0:09:12 When we say, “Work harder,” we’re saying, “Type faster.”
    0:09:13 And typing matters.
    0:09:16 But first you got to know what to type.
    0:09:21 That isn’t about how many hours you’re spending in the office, it’s about what you see and
    0:09:24 what are you up for in terms of the impact you want to make.
    0:09:25 Okay.
    0:09:31 So in your book, which by the way is written really uniquely, it’s called This Is Strategy
    0:09:34 and basically Seth has these blurbs.
    0:09:39 It’s not like chapters, it’s just telling a story and it’s up to you to decide how you
    0:09:40 want to interpret it.
    0:09:46 So one of the little blurbs that you had talked about four threads, timed, games, empathy
    0:09:47 and systems.
    0:09:52 And to me, as I was reading the rest of it, I really kept going back to that blurb about
    0:09:54 that being the foundation of everything.
    0:09:58 So strategy is woven by four threads, timed, games, empathy and systems.
    0:10:02 Can you explain how these four pillars really underpin what strategy is?
    0:10:03 Sure.
    0:10:05 Let’s talk about time first.
    0:10:06 Back to your podcast.
    0:10:08 The first episode, how many people listened to it?
    0:10:09 Probably 100.
    0:10:14 If you’re lucky, maybe 10.
    0:10:16 Did you say my podcast is a failure?
    0:10:21 I hope not because what you did was say, “I just planted some seeds.
    0:10:22 Now I need to nurture them.
    0:10:27 Now they’re going to grow and then what’s going to happen and then what’s going to happen.”
    0:10:29 Time is evenly distributed.
    0:10:32 All of us get 24 more hours tomorrow.
    0:10:34 Time unfolds whether we want it to or not.
    0:10:38 We are very conscious of where we are now.
    0:10:42 Yesterday feels like a memory, tomorrow feels like a daydream, now feels like now.
    0:10:44 But tomorrow, that’s not going to be true anymore.
    0:10:46 We have a different now.
    0:10:52 So when we think about our strategy, I don’t care about what’s going to happen tomorrow.
    0:10:57 I care about what are you planting and what’s going to happen in three months and six months
    0:10:58 in two years.
    0:10:59 What unfolds?
    0:11:00 So that’s time.
    0:11:02 The second one is empathy.
    0:11:06 And empathy says you don’t have as much power as you want.
    0:11:08 Other people have a choice.
    0:11:11 Other people can choose to buy what you’re selling.
    0:11:15 No one sees what you see, wants what you want, believes what you believe.
    0:11:19 If you’re a teacher, it’s worth noting everything you’re teaching, you already know.
    0:11:21 And everyone you’re teaching it to doesn’t know it yet.
    0:11:25 So if you don’t have empathy for them, you can’t teach.
    0:11:28 The third one are games.
    0:11:30 Board games, but the games of game theory.
    0:11:35 The games of players and choices and boundaries and outcomes.
    0:11:38 If I do this, they might do that, or they might do that.
    0:11:44 And calling it a game helps us take ourselves a little less seriously.
    0:11:46 We realize if we make a move, that’s not a good move.
    0:11:50 It’s not because we’re a bad person, it’s because the move wasn’t the right move.
    0:11:55 So we can address a changing world with a lighter stance.
    0:11:58 And the fourth one are systems.
    0:12:04 Systems are usually invisible, but when someone points them out to you, then you notice them.
    0:12:07 So the wedding industrial complex is a system.
    0:12:12 The budget for a wedding is exactly what your best friend spent, but a little extra.
    0:12:17 And we know what you’re supposed to wear, and we know what the mother-in-law is going
    0:12:18 to say.
    0:12:22 And we know all of this stuff is all made up, but it’s part of a system and everyone
    0:12:25 in the system isn’t mean.
    0:12:30 They don’t want to hurt anybody, they’re all doing their best, but the system undermines
    0:12:33 and controls everything in equal measure.
    0:12:39 So you need to see the system if you’re about to go to college and get a quarter million
    0:12:41 dollars in debt.
    0:12:44 You need to see the system if you’re applying for a job.
    0:12:49 You need to see the system if you want to get funding for your tech company.
    0:12:54 Because the system sees you, and if you don’t match what the system is used to, it’s going
    0:12:55 to chew you up and spit you out.
    0:13:00 So naming the system, seeing the system, and then using the system, even if you want to
    0:13:04 change it to make forward motion, has to be built into your strategy.
    0:13:08 I want to stick on systems for a while because I feel like there’s so much to unpack with
    0:13:09 systems.
    0:13:14 Systems make the world go round, and you say that systems are everywhere that humans engage
    0:13:15 to fill a need.
    0:13:20 So can you help us understand why systems are essentially productivity, human productivity?
    0:13:24 Well, we’re not capable.
    0:13:29 Imagine if every time you walked into a supermarket, each supermarket not only organized everything
    0:13:34 in a totally different way, but had a totally different way of putting the stuff in a different
    0:13:39 kind of basket and charged different sorts of prices and other sorts of currencies and
    0:13:42 had different kinds of, you couldn’t deal with that.
    0:13:47 We wouldn’t know what to do if every time we wanted to visit a website, everything about
    0:13:49 every website was completely different.
    0:13:51 We have a genre.
    0:13:53 We have expectations.
    0:13:55 We also have systems for who can we trust?
    0:13:56 What does a promise mean?
    0:13:57 What is a contract?
    0:13:59 That’s part of a system.
    0:14:03 What happens if there’s no system for driving and some people want to drive on the left
    0:14:05 side of the road and some people want to drive on the right side of the road?
    0:14:07 You would never be able to get anywhere.
    0:14:12 These are all systems we built so that we wouldn’t have to start from scratch every single
    0:14:14 time we interact.
    0:14:18 That’s one reason why travel is thrilling and scary, particularly if you go someplace
    0:14:23 far because they have a different system than you’re used to.
    0:14:28 If human beings are engaging over time to do anything productive, they’re going to invent
    0:14:31 a system, the metric system.
    0:14:32 That’s a system.
    0:14:33 Why?
    0:14:36 Because everyone wants the screw to fit into the bolt.
    0:14:39 If it says it’s going to fit, it needs to fit.
    0:14:43 Can you talk about some of the tiny systems that exist within the world?
    0:14:49 Well, there’s a whole branch of psychotherapy about family systems that if you go up in
    0:14:53 a house with an abusive parent, that system feels a lot different than your next door
    0:14:54 neighbor’s house.
    0:15:00 There are systems of misogyny and oppression and caste, and then there are also systems
    0:15:02 that are welcoming.
    0:15:10 There are the systems of how the four best friends all interact with each other.
    0:15:13 We all feel the stress if we get into a new friend group and they insist on texting and
    0:15:14 we hate texting.
    0:15:19 Well, all of a sudden, there’s tension in the system.
    0:15:25 Learning to see these patterns helps us understand and if you read about behavior change when
    0:15:31 it comes to things like diet, all you got to do is put a big bowl of carrots on the
    0:15:36 counter and throw the brownies in the garbage, and you will lose weight because you changed
    0:15:39 the system of how you are triggered to eat things.
    0:15:44 I know when it comes to strategy, a big part of it is actually being able to see these
    0:15:45 invisible systems.
    0:15:49 You’ve got to be able to see the system so you can either change it or work with it
    0:15:51 or start a new one.
    0:15:54 How can we get better at actually seeing these invisible systems?
    0:15:57 This is one of the things I’ve learned from blogging.
    0:16:01 If you see something and you can’t explain it, it’s probably because there’s a system
    0:16:02 at work.
    0:16:08 Oh, why are all the women at this wedding wearing ill-fitting dresses that match?
    0:16:14 Because I would have assumed that they’d want to wear dresses that they own that look good.
    0:16:18 But no, they’re all wearing this dark blue satin thing up there in the front.
    0:16:19 Why is that?
    0:16:24 Oh, because the wedding industrial complex decided 300 years ago that bridesmaids should
    0:16:28 dress the same because it raises the status of the bride and the bride has her one and
    0:16:32 only chance to tell her friends what to do and so that’s been sticking around for a long
    0:16:33 time.
    0:16:39 Oh, I see it, but it wouldn’t have made sense if I didn’t understand the system.
    0:16:43 We see them in so many places.
    0:16:47 What shifted in the United States in the last 50 years?
    0:16:50 Many things, but one of them is organized sports for kids.
    0:16:57 Why are parents of seven-year-olds spending hours and hours and hours every weekend driving
    0:17:00 kids around to these soccer matches?
    0:17:02 We don’t have a trophy shortage.
    0:17:06 Why is the whole community organized around that?
    0:17:10 Well, I can show you systemically how it grew and how it stuck around.
    0:17:16 Now I understand something, and if I wanted to start a new thing, knowing that would help
    0:17:17 me.
    0:17:22 And so when it comes to actually changing these systems, you say our power lies somewhere
    0:17:25 between zero and infinity.
    0:17:30 So talk to us about the ways that we can get more power to actually change these systems.
    0:17:34 If you talk to a frustrated entrepreneur, they’re frustrated because they want everyone to listen
    0:17:35 to them.
    0:17:40 They know they have the right answer and they’ve discovered they don’t have unlimited power.
    0:17:45 And if you talk to a despondent cog in a factory job, they’re despondent because they think
    0:17:50 they have no power, that no one will listen to them ever and they should just give up.
    0:17:51 And the answer is in between.
    0:17:57 The answer is with an elegant strategy, we can show up and discover what people actually
    0:18:03 want and work around the thing that the system might have chosen for them because what they
    0:18:07 don’t actually want is the ugly blue dresses.
    0:18:10 What they want is the feeling the bride gets.
    0:18:17 And so if you can show up and satisfy their needs, you can change the way the system expresses
    0:18:18 itself.
    0:18:26 And we see this, for example, when some institutions moved coursework online, right?
    0:18:28 What does MIT actually want?
    0:18:31 Does MIT actually want people to sit in a classroom?
    0:18:33 That’s not their mission.
    0:18:38 Their mission is to create culture and earn status by affiliating students with each other
    0:18:40 who have power in the world.
    0:18:45 And if they can do that at scale without bringing someone into the classroom, sure, why not?
    0:18:50 But we had to understand what it is they wanted as opposed to saying, this is what you have
    0:18:52 to do right now.
    0:18:56 Let’s hold that thought and take a quick break with our sponsors.
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    0:23:58 One of the things that you say in regards to choosing a strategy is that we should bet
    0:24:04 on change and you talk about the ability to be able to find the agent of change.
    0:24:08 Can you first tell us what an agent of change is and maybe some of the big agents of change
    0:24:11 that we’ve had over the course of time?
    0:24:14 The internet is one of the biggest agents of change of our lifetime.
    0:24:18 AI is an agent of change, but it can be something smaller than that.
    0:24:23 It could be that the government in your village bans leaf blowers.
    0:24:24 That’s an agent of change.
    0:24:30 Now, if you’re a landscaper, a lot of the things you were building your systems on have
    0:24:34 to shift because you can’t use this noisy, polluting thing anymore.
    0:24:38 So you have to do something else and maybe another landscaper who takes advantage of it
    0:24:44 will get market share because you were slow, they were fast and they captured new customers.
    0:24:48 So the agent of change is something that changes the system at scale.
    0:24:51 It is possible for you to be the agent of change.
    0:24:54 That’s harder, unlikely, but possible.
    0:25:02 So if we think about the world of jazz, Miles Davis and Dave Brubeck were agents of change.
    0:25:07 When they showed up with their music, it changed what it meant to make a jazz record because
    0:25:10 the two of them sold so many copies of their records in the early 1960s.
    0:25:15 The record labels paid attention, so other musicians paid attention, so venues paid attention,
    0:25:16 and the system shifted.
    0:25:24 So that’s doable, but we’re way more likely to succeed when we see larger agents of change
    0:25:26 that we didn’t start.
    0:25:31 So you say agents of change often take forms in things like communication, competition,
    0:25:32 cultural shifts.
    0:25:35 How can we spot these agents of change?
    0:25:37 What should we be looking for?
    0:25:43 If you see something that is stressing out dominant systems, you found an agent of change.
    0:25:51 So when eBooks showed up, the people at bookstores and book publishers freaked out.
    0:25:55 So that must be an agent of change because they didn’t invent eBooks.
    0:25:58 They’re not happy with eBooks, but here they are.
    0:26:00 So now what’s going to happen?
    0:26:04 Now what’s going to happen is they’re going to have to shift whether they want to or not.
    0:26:08 So a whole bunch of bookstores went out of business, and book publishers, whether they
    0:26:11 liked it or not, started selling a lot of eBooks.
    0:26:17 And the one company that leaned hard into the shift ended up making millions and millions
    0:26:22 and millions of dollars because if Amazon hadn’t made the Kindle, well, then the Kobo
    0:26:24 would have worked or somebody else.
    0:26:30 But once the technology was there and users were delighted by it, it wasn’t going to
    0:26:31 go away.
    0:26:37 So basically you’re saying look for what’s changing in the system and potentially create
    0:26:41 products and services that are aligned to this big change that happened.
    0:26:43 It might not be a big change.
    0:26:47 It’s just a change that the existing players in the system don’t like.
    0:26:52 If the players in the system like it, there’s not much of an opportunity.
    0:26:59 So when food companies shifted to making smaller, more expensive packages of cookies and stuff,
    0:27:06 that’s not really an opportunity because Nimbusco is on the same arc as you.
    0:27:14 It’s when a shift happens where the existing players are trying to fight it, big or small,
    0:27:15 that’s when an opportunity opens up.
    0:27:17 That makes sense.
    0:27:20 So we talked about some of the benefits of systems.
    0:27:25 We talked about productivity and all these things, but there’s also negative impacts
    0:27:26 of systems.
    0:27:28 Can you talk to us about that?
    0:27:34 Most all the negative things in our world are negative because systems push them forward.
    0:27:43 So our climate problem is caused by the system of take cheap oil and burn it, and it’s struggling
    0:27:46 because of the system of eat meat.
    0:27:53 Meat is a system that profits everybody who touches it, and so capitalism plus meat equals
    0:27:55 climate change.
    0:28:02 What we see in issues of misogyny and caste is that for a long time, if companies are
    0:28:09 hiring someone, they’re using a false proxy and judging them by what they appear to be,
    0:28:13 and it’s easier to tell your boss, “I hired someone who looks like us,” than it is to
    0:28:17 say, “Your boss, I hired someone who doesn’t look like us,” so that’s what happened.
    0:28:22 And when we see these problems, we work to change them, but you can see how painful it
    0:28:29 is, how many years it takes to undermine cultural systems that don’t want to change.
    0:28:31 It’s so interesting.
    0:28:34 These are all things that we know, but you never really think about it.
    0:28:35 Correct.
    0:28:40 You never really think about all these systems, which is why your book was so eye-opening to
    0:28:41 me.
    0:28:44 So let’s talk about some of the games related to systems.
    0:28:49 You say sometimes the system will sell us a dream it can’t deliver, and these are games
    0:28:50 we should avoid.
    0:28:54 Can you give us an example of playing within a system that might actually not be in our
    0:28:56 best interest?
    0:29:00 So one of the maxims in the book is don’t play a game you can’t win if your goal is
    0:29:01 to win.
    0:29:02 Right?
    0:29:06 If Gary Kasparov says you want to play chess, don’t play chess, because he’s going to win.
    0:29:14 The promise that TikTok and YouTube make is please spend hundreds of hours making content
    0:29:20 for us for free, and then there’s a one in a million chance you will become famous.
    0:29:21 That is not a good game.
    0:29:23 You should not play that game.
    0:29:26 Someone is going to be famous, but it’s not going to be you.
    0:29:30 And we already have a Kardashian, and the problem with that is it made other people
    0:29:35 think they could become a billionaire by posting selfies.
    0:29:36 You can’t.
    0:29:39 The people who are carrying your content are doing fine.
    0:29:40 You’re unpaid labor.
    0:29:41 They’re very happy.
    0:29:46 That’s a game that was proposed to people that they signed up to play, but they probably
    0:29:48 can’t win.
    0:29:53 And speaking of choosing where to play, you also say don’t follow your passion, which
    0:29:56 is very different from a lot of other business coaches.
    0:29:58 So why shouldn’t we follow our passion?
    0:30:04 That was an expression made up fairly recently by a few people who got very lucky.
    0:30:07 And the problem with it is it’s brittle.
    0:30:10 It’s brittle because if the thing that you decided is your passion isn’t working, now
    0:30:12 what are you going to do?
    0:30:17 What’s resilient is to say, “Why don’t you decide to be passionate about whatever you
    0:30:18 do?”
    0:30:22 Because then, no matter what you do, you can be passionate about it.
    0:30:25 And I don’t want to be a surgeon.
    0:30:28 I think it’s pretty icky and scary.
    0:30:33 But if I had a choice between being a surgeon and working in a steel mill, I’d be a surgeon.
    0:30:38 And if I’m going to have to be a surgeon anyway, I’d figure out a way to find joy in what
    0:30:39 I was doing.
    0:30:44 Meanwhile, there are surgeons who desperately don’t want to be me, and back and forth.
    0:30:49 But if you insist that you are born to do this one and only thing, you’re signing up
    0:30:51 to be unhappy.
    0:30:54 And the alternative is to say, “I’m only going to get today once.
    0:30:59 I’d rather spend it finding joy and connection and meaning.
    0:31:01 Here’s my profession for now.
    0:31:03 I’m going to find it in this.”
    0:31:08 So similarly, too good to be true strategies that we see all the time.
    0:31:11 Somebody is saying, “You’re going to be a millionaire with my real estate strategies.
    0:31:15 Just take my hour-long course and I’ll show you the way.”
    0:31:18 Why should we be weary of them?
    0:31:23 Well, as you just pointed out, if it’s too good to be true, it probably is.
    0:31:25 And where does value come from?
    0:31:28 Value comes from scarcity.
    0:31:33 If everyone is doing something, it’s probably not that valuable.
    0:31:37 So there was a meme that went around a few years ago about these people who were in the
    0:31:40 free hugs movement where they were just standing there with a sign that said, “Free hugs and
    0:31:42 you can come over and give them a hug.”
    0:31:46 And then this other guy has a joke put up and said, “Hugs $5,000.”
    0:31:52 Now, it’s very hard to sell a hug for $5,000 because there are all these free hugs that
    0:31:53 are available.
    0:31:58 If someone says, “Here’s my strategy to beat the stock market,” or, “Here’s my strategy
    0:32:02 to win at real estate,” and it only takes an hour, then a lot of people are going to
    0:32:03 do it.
    0:32:07 And if a lot of people are going to do it, you’re back where you started, that we need
    0:32:13 to find where the scarcity is, where are the constraints, where are we worth picking?
    0:32:17 So there are two choices you have to make when you’re going to do your work.
    0:32:21 Either you say, “You can pick anyone and I’m anyone.
    0:32:22 I’m cheaper.
    0:32:24 I’m more convenient.
    0:32:25 Let’s go.
    0:32:27 I’m going to win the SEO search.
    0:32:28 Pick me.
    0:32:29 Pick me.”
    0:32:32 Or you can say, “You’ll pay a lot, but you get more than you pay for.”
    0:32:33 That’s the race to the top.
    0:32:37 That’s very hard to pull off because you have to do hard work to be worth more than you
    0:32:38 pay for.
    0:32:40 That’s the place to go.
    0:32:44 That is a resilient strategy that works in almost every industry.
    0:32:49 To be the one that we would miss if you were gone because you bring emotional labor and
    0:32:54 insight and wisdom to the work you do and you’re not looking for a shortcut.
    0:32:55 Let’s talk about time.
    0:32:57 Time works together with systems.
    0:33:00 What are the things that we need to think about when it comes to time within our strategy
    0:33:01 building?
    0:33:06 Well, the first thing, which we haven’t mentioned, is if you’ve ever built a campfire, I hope
    0:33:12 you learned that you shouldn’t try to light a log that’s too big for the amount of kindling
    0:33:13 you have.
    0:33:17 That if you’ve got six sticks, you can’t light a birch tree on fire.
    0:33:19 This is not going to work.
    0:33:23 Well, don’t sign up for something that takes longer than you have time for.
    0:33:28 That if you need to feed your family, don’t go to medical school because you’re not going
    0:33:31 to make a living for six or nine or 10 years.
    0:33:38 On the other hand, if you’re adequately supported, you can sign up for things that take a longer
    0:33:40 time to grow.
    0:33:47 This is what happened with the big podcast crash of a couple years ago, is podcasts started
    0:33:48 to succeed.
    0:33:53 A whole bunch of people said, “Oh, all I have to do is talk into my phone and have a podcast.”
    0:33:58 They started a podcast and they expected that they would make money from their podcast within
    0:33:59 four weeks.
    0:34:02 It doesn’t take four weeks to make money from a podcast.
    0:34:03 It takes four years.
    0:34:07 If you don’t have four years, you probably shouldn’t start a podcast if your goal is
    0:34:08 to make money.
    0:34:11 You need to look at the time horizon.
    0:34:13 The people who came before you, how long did it take them?
    0:34:18 What does it look like when you’re four weeks or four years into this?
    0:34:23 Are you on a journey that’s getting better and easier or is time working against you
    0:34:27 and you’re losing money every day but trying to make it up in value?
    0:34:31 I think a good case study in your book, you talk about Airbnb, and I think it’s a really
    0:34:35 good case study in terms of systems and then also good timing.
    0:34:37 Can you go over that case study with us?
    0:34:40 Let’s talk about the smallest viable audience.
    0:34:46 It’s tempting to say, “I want everyone to be my customer, but everyone’s not going to
    0:34:47 be your customer.
    0:34:49 Starbucks doesn’t have everyone as their customer.
    0:34:51 My books have been bestsellers.
    0:34:55 Not one of them has reached 1% of the population.
    0:34:58 I have a 0% market share.
    0:35:00 You don’t need everyone.
    0:35:02 You need someone.”
    0:35:04 Airbnb is a really cool idea.
    0:35:06 It’s a two-sided marketplace.
    0:35:09 You need places to sleep and people who want to sleep there.
    0:35:13 If you don’t have places to sleep, you’re not going to get anyone who wants to sleep
    0:35:14 there.
    0:35:16 If you don’t have people who want to sleep there, you’re not going to have places put
    0:35:18 up for sleeping.
    0:35:19 They had this challenge.
    0:35:24 They didn’t have a small viable audience and they didn’t have enough sleepers and they
    0:35:26 didn’t have enough beds.
    0:35:30 If you’re thinking about this over time, you could sit at the board meeting all you
    0:35:33 want and say, “One day, we’re going to have 40 million customers.”
    0:35:36 Okay, but how are we going to get to 40 million customers?
    0:35:38 Right now, we have none.
    0:35:41 There’s a whole other story about breakfast cereal that I’ll leave out, but they were
    0:35:48 basically almost out of money and they realized that the customers they wanted were the kinds
    0:35:52 of people who went to South by Southwest in Austin, Texas.
    0:35:57 The thing about that conference is the kind of people who go tend to be younger and more
    0:35:58 adventurous.
    0:35:59 They tend to have money.
    0:36:01 They talk a lot.
    0:36:07 They love to be online and there aren’t enough hotel rooms in Austin, Texas.
    0:36:11 What they did was they went to Austin and they worked really hard to find a whole bunch
    0:36:17 of people who would put their listings up in anticipation of this one big week.
    0:36:22 Then, they went to the people at this conference just a couple of thousand and were able to
    0:36:25 say, “We have rooms because all the hotels are full.”
    0:36:30 They got both pieces together at the right timing and then all the people who were at
    0:36:35 South by, who stayed at Airbnb, tweeted about it, told their friends about it, and spread
    0:36:37 it across the world.
    0:36:40 That is what it looks like over time.
    0:36:41 I love that example.
    0:36:47 To your point, it’s a really good example of a minimum viable audience and a minimum
    0:36:48 viable product.
    0:36:52 They needed to make sure that it was functioning and it gave them an opportunity to test.
    0:36:57 Why is testing and iterating on our products a game that we should play?
    0:37:02 Testing is a funny word because testing reminds us of third grade and there’s a right answer.
    0:37:03 I’m not sure I like that.
    0:37:05 I think it’s evolving.
    0:37:10 There are no creatures on earth other than cockroaches that have not changed in millions
    0:37:11 of years.
    0:37:14 Human beings have only been like this for 10,000 years.
    0:37:21 The way evolution works is things that work get repeated and things that don’t go extinct.
    0:37:27 We don’t know what the system is going to want to embrace until we see it happening.
    0:37:31 The test involves, and I actually tested the book in the following way.
    0:37:34 I didn’t say, “Hey, Halle, do you think this is a good book?”
    0:37:40 What I did was I made 44 lessons on video, each corresponding to parts of the book.
    0:37:46 Then I went to purple.space, the community I run online, and I gave the course to anyone
    0:37:52 there who wanted to take it, 300 people, and I watched them interact with the videos.
    0:37:53 I didn’t ask them for feedback.
    0:37:55 I watched them use it.
    0:38:00 When they got confused, I rewrote parts of the book to make it more clear because I saw
    0:38:03 what evolved and what didn’t.
    0:38:10 It’s that thing, not cooking it till it’s perfect, but engaging with the system to find
    0:38:12 out what’s going to fly.
    0:38:16 We’ll be right back after a quick break from our sponsors.
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    0:42:17 that’s F-U-N-D-R-I-S-E.com/PROFITING.
    0:42:21 Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
    0:42:24 flagship fund before investing.
    0:42:29 This and other information can be found in the fund’s prospectus at fundrise.com/flagship.
    0:42:35 This is a paid advertisement.
    0:42:40 Another important aspect of strategy is being able to determine the strategy and then focus
    0:42:42 on it to do what we say we were going to say.
    0:42:46 The more successful that we get, the more opportunities that come our way.
    0:42:48 The harder it is to say no.
    0:42:52 Can you talk to us about the importance of saying no when it comes to focusing on our
    0:42:53 strategy?
    0:42:56 Every yes requires a no.
    0:42:58 You can’t have lunch four times.
    0:43:00 You can only have lunch once.
    0:43:01 After that, you’re not hungry.
    0:43:06 So you’re going to have to pick, are you going to have the carrots or are you going to have
    0:43:08 the tofu, one or the other?
    0:43:13 So if I say yes to people because it’s socially convenient or there’s pressure because you’re
    0:43:18 sitting here right in front of me, I’ve forced myself into a no down the road anyway.
    0:43:24 So a key part of our strategy is saying no to things that aren’t part of our strategy.
    0:43:26 We can do it with respect.
    0:43:27 We can do it with kindness.
    0:43:31 But just because someone asks, they’re not entitled to your agenda.
    0:43:32 It’s your agenda.
    0:43:34 What about the opportunity cost?
    0:43:38 Can you tell us about opportunity costs when it comes to saying yes to things that we
    0:43:39 shouldn’t say?
    0:43:42 This is a version of opportunity cost.
    0:43:48 We’re very familiar with cost cost, which is if you want to buy a bag of carrots, it
    0:43:49 costs $4.
    0:43:50 Okay.
    0:43:52 What is opportunity cost?
    0:43:56 Opportunity cost is I can’t do that because I did this.
    0:44:01 All the things that I did kept me from doing these other things.
    0:44:07 And so we should get very clear with ourselves about how we’re investing our time and how
    0:44:08 we’re investing our money.
    0:44:09 It’s not just one.
    0:44:11 It’s both.
    0:44:15 And again, every yes requires knows to follow.
    0:44:18 You may should make your nose intentional.
    0:44:19 Okay.
    0:44:21 One last game and then we’re going to talk about empathy.
    0:44:23 This is the game of early advantage.
    0:44:26 Why is this a game that we should potentially play?
    0:44:30 Some philosophers who are incorrect say luck evens out.
    0:44:32 That early luck is the same as late luck.
    0:44:33 It’ll all work out.
    0:44:34 This is nonsense.
    0:44:35 This is not true.
    0:44:41 If you are good at hockey when you’re six years old, you get to play on the traveling
    0:44:45 team when you’re seven, and then you get better coaching when you’re eight.
    0:44:49 And then you get to play on the province team when you’re nine.
    0:44:54 And the chances that you will be in the NHL go way up compared to someone who gets a lucky
    0:44:55 break when they’re 13.
    0:44:58 It’s too late by that.
    0:45:02 The idea that late luck will make up for early luck just doesn’t hold up.
    0:45:08 So what we want to do is find places where we can erect scaffolding to cause early luck
    0:45:15 to happen, where we can overinvest at the beginning so it will pay off in the long run.
    0:45:22 As opposed to just hoping for a good thing to happen, compounding an early lead attracts
    0:45:27 people who are looking for an early leader, and then we get to do it again.
    0:45:31 Can you give us an example on business where somebody has done that successfully?
    0:45:34 Google didn’t have any revenue of any kind for two years.
    0:45:37 No ads, no nothing for two years.
    0:45:44 And the purpose of the project for the first two years was to become the new second generation
    0:45:45 search engine.
    0:45:51 After Yahoo and LightGhost and Alta Vista, there was a gap who was going to be the new
    0:45:52 one.
    0:45:57 Every minute that Google spent trying to get strangers to use their service, trying to
    0:46:03 get revenue was time they weren’t spending, compounding their head start.
    0:46:07 Because once a brilliant engineer saw what Google was doing, it wasn’t that hard to copy.
    0:46:11 They didn’t have anything you couldn’t copy except their head start.
    0:46:16 Because what happened soon after they got going is a friend would say, “What’s the answer
    0:46:17 to this?”
    0:46:19 And you would say, “Go Google it.”
    0:46:23 And it didn’t matter if there was another search engine like Bing that was indistinguishable
    0:46:24 in its results.
    0:46:28 It was too late because Google invested in their head start.
    0:46:30 ChatGPT is doing the same thing right now.
    0:46:31 That makes a lot of sense.
    0:46:32 Okay.
    0:46:33 So moving on to empathy.
    0:46:41 Again, your book was really up to interpretation and I interpreted empathy as basically marketing.
    0:46:46 It seems like you were suggesting that empathy is good marketing and you need empathy to
    0:46:52 motivate people to engage in your systems, to go align with you if you’re trying to change
    0:46:53 a system.
    0:46:57 You also need to motivate people to buy whatever system you’re putting out there, strategy
    0:46:59 that you’re putting out there.
    0:47:03 And so can you tell us what you were meaning by empathy exactly?
    0:47:04 I love that question.
    0:47:08 I would say marketing is good empathy, not empathy is good marketing.
    0:47:11 Some people think marketing is hype and hustle.
    0:47:15 Some people think marketing is someone walks in by mistake to your Ferrari dealership and
    0:47:19 asks for a station wagon because they got four kids and you try to persuade them that
    0:47:21 they want a sports car.
    0:47:23 This is a waste of everyone’s time.
    0:47:28 You should eagerly walk them down the street to the Volvo dealership, not try to change
    0:47:29 their mind.
    0:47:32 So empathy says, “I can’t change your mind.
    0:47:36 What I might be able to do is find someone who wants to go where I’m going.”
    0:47:42 So my main job as a marketer is not to persuade people, but to just find the people who say,
    0:47:44 “Wow, I’ve been waiting for this.”
    0:47:47 And so can you talk about people’s wants and desires?
    0:47:50 You say there’s three things that everybody wants and desires.
    0:47:54 Why do we need to know those three things and how does that help us create better strategy?
    0:47:59 Yeah, so this is a little controversial, but I keep being surprised by that.
    0:48:07 Everyone I have met, if they have food and shelter, wants some combination of three things.
    0:48:11 Status, affiliation, and the freedom from fear.
    0:48:13 So what do I mean by that?
    0:48:15 Status is who eats lunch first.
    0:48:19 Status is who is respected.
    0:48:21 Affiliation is who am I next to?
    0:48:22 Who’s to my left?
    0:48:23 Who’s to my right?
    0:48:24 Which circle am I in?
    0:48:26 Please don’t kick me out of the village.
    0:48:30 And freedom from fear isn’t freedom from danger.
    0:48:33 It’s freedom from the feeling of fear.
    0:48:37 And so if we think about the things we buy, those are the only three reasons we buy anything.
    0:48:43 If we think about the clubs we join or the professions we pick or who our friends are,
    0:48:47 status, affiliation, freedom from fear, that’s it.
    0:48:52 So if you offer that to people, it’s way more likely that that’s what they want.
    0:48:55 If on the other hand you go to them and say, “I have this new widget and it does this and
    0:49:00 this and this and this and this,” now you’re asking them to do a lot of computation to
    0:49:03 decide if it’s going to help them with any of their three goals.
    0:49:08 But we can save time by understanding that those are the three things people want.
    0:49:12 Status and affiliation make a lot of sense to me, and I feel like I’ve heard some variation
    0:49:13 of that.
    0:49:16 But freedom of fear is one that I feel like I haven’t heard when it comes to persuasion
    0:49:17 and things like that.
    0:49:20 So what does freedom of fear mean exactly?
    0:49:21 So many examples.
    0:49:23 Taylor Swift has a concert coming up.
    0:49:27 There’s only a few tickets left, you’re going to miss it.
    0:49:31 So you’re afraid that you’re going to be left out.
    0:49:37 You want to be in the circle, but also you are activated by this feeling that fears right
    0:49:39 around the corner.
    0:49:44 There’s very direct examples of people in perfectly safe neighborhoods, which is almost
    0:49:48 every neighborhood in the United States, spending an enormous amount of money on security.
    0:49:51 It’s not real security.
    0:49:57 It’s security theater that after the terrorist attacks of 9/11, we installed this whole regime
    0:50:01 at airports that did absolutely nothing to increase safety.
    0:50:06 It did a lot to make people feel like they were doing something to increase safety, because
    0:50:10 the government didn’t understand how to say, “We don’t know what to do.
    0:50:11 Everything’s going to be fine.”
    0:50:13 That’s not what we voted for, right?
    0:50:16 We wanted freedom from the feeling of fear.
    0:50:18 But it’s not just life and death fear.
    0:50:25 It’s you go watch a bunch of eight-year-olds at the school bus, when school’s going to
    0:50:29 get in the fall, looking at each other at their clothing.
    0:50:37 What matters to many of these kids is not, “I want to be the best-looking kid.
    0:50:40 I don’t want someone to make fun of me, and I don’t want to be left behind.”
    0:50:43 That’s the freedom from fear.
    0:50:47 So then how do we use these wants and desires, knowing these wants and desires, to motivate
    0:50:53 people to help us or engage with our systems and strategy?
    0:50:55 What we’re trying to do is help them.
    0:51:01 Facebook, at the beginning, said, “Hey, Hala, there are people talking about you behind
    0:51:02 your back.
    0:51:03 You want to hear what they’re saying?”
    0:51:06 And that’s the reason that people joined it.
    0:51:08 Now, Mark wasn’t doing it because he wanted to be a good person.
    0:51:11 He was doing it because he was trying to build a business.
    0:51:16 But he understood that on the Harvard campus, that one sentence was enough to trigger people
    0:51:19 into forward motion.
    0:51:22 It then takes leadership to turn it into something you can be proud of.
    0:51:28 But the fact still remains, that’s the trigger, not, “Hey, this is fun.
    0:51:32 Fun is a fine thing, but fun isn’t really what people sign up for.”
    0:51:37 So in the same way, these human desires can be a way for people to reject our systems.
    0:51:40 Can you tell us about the case study of climax and their fraudulent cheese?
    0:51:43 This one really got under my skin.
    0:51:49 This guy in California built a company that makes cheese out of beans.
    0:51:52 And it’s spectacularly good.
    0:51:57 The blue cheese is, I haven’t had dairy in 30 years, so I’m not a reliable judge of
    0:51:58 this.
    0:52:00 But you know who is a reliable judge of this?
    0:52:02 The Good Food Awards.
    0:52:07 The Good Food Awards look at gourmet foods every year, and if you win one, you get all
    0:52:08 this great distribution.
    0:52:10 It’s a big win.
    0:52:14 So he applied to be judged in the cheese category.
    0:52:17 Not the vegan cheese category, but the cheese cheese category.
    0:52:19 And he won.
    0:52:21 And they called him up and they said, “You won.
    0:52:24 Bring all your people to our Big Gall event.
    0:52:25 Everything’s going to be great.”
    0:52:29 And then they rescinded the award, and they wouldn’t give it to him, because some cheese
    0:52:35 bullies in Vermont got together and pressured the group and said, “This isn’t real cheese.
    0:52:37 He shouldn’t win.”
    0:52:41 This really rubbed me the wrong way, because there are cheese bullies everywhere we look.
    0:52:44 Cheese bullies are people who defend the status quo.
    0:52:49 Now the thing about these cheese makers is they’re not in the cow business.
    0:52:51 They’re in the cheese business.
    0:52:55 What difference does it make whether you’re making the cheese from white milk or white
    0:52:57 nuts or white beans?
    0:53:00 It’s still the process of making cheese.
    0:53:09 But they were afraid that their skill and competence wouldn’t be valued as highly if
    0:53:13 cheese that wasn’t made from milk started to be seen as real.
    0:53:16 So they acted like cheese bullies and the system defends itself.
    0:53:23 So one of the definitions of culture is what do systems build so they can stay in charge?
    0:53:24 So eye-opening.
    0:53:29 I want to talk about marketing a bit, and you are a marketing guru, of course.
    0:53:34 When you talk about the importance of using stories, you say that our product needs to
    0:53:35 tell a story.
    0:53:39 So talk to us about some of your favorite examples of a product that tells a story.
    0:53:44 I have to take great pains to say a story does not have once upon a time at the beginning.
    0:53:50 If you go to an open house and it smells like apple pie when you get there, that’s a story.
    0:53:54 The realtor put an apple pie in the oven to remind you of your mom.
    0:53:57 And the story has no words, but it’s a story.
    0:54:02 If you think about how far away the seats are in one bar versus another bar, that’s
    0:54:08 a story because a crowded bar that’s really noisy tells a different story than one that’s
    0:54:11 half empty because you didn’t go there to have an alcoholic beverage.
    0:54:12 You could do that at home.
    0:54:15 You went there for the way it felt to be in the room.
    0:54:21 The story of Patagonia clothing is very different than Columbia clothing, very different than
    0:54:26 Amazon cheap made in China clothing, even though all three will keep you from being naked.
    0:54:33 And so what we do when we build something of value is not check the commodity boxes.
    0:54:37 We are actually in the business of creating a story that people can tell themselves that
    0:54:39 helps them get to where they want to go.
    0:54:43 And you also say that we should create a story that other people tell others.
    0:54:45 Can you talk about the importance of doing that?
    0:54:52 This book made a big difference in my career, Purple Cow, and Purple Cow is about remarkable.
    0:54:54 Remarkable doesn’t mean a gimmick.
    0:54:58 Superbowl means worth making a remark about.
    0:55:02 So again, back to your podcast, which has been listened to by millions of people.
    0:55:04 How many Superbowl ads have you run?
    0:55:06 None.
    0:55:08 So how did they find out about it?
    0:55:09 Word of mouth.
    0:55:12 They told other people and that’s the word spread.
    0:55:15 Why would someone tell a friend about this podcast?
    0:55:17 Not because they like you.
    0:55:19 They don’t even know you.
    0:55:24 They would tell someone because it would raise their status, it would increase their affiliation.
    0:55:30 It was part of being in their culture was to tell other people about what you built.
    0:55:34 If you’re not building something that people are talking about, build something better.
    0:55:36 Seth, this was amazing.
    0:55:37 Young and Profiters.
    0:55:39 The book is called This Is Strategy.
    0:55:40 It’s out.
    0:55:41 When is it out?
    0:55:42 October?
    0:55:43 October 22nd.
    0:55:44 As we speak.
    0:55:45 Amazing.
    0:55:46 October 22nd.
    0:55:47 I highly recommend it.
    0:55:51 Seth, before we go, I have two questions that I ask all my guests, but before we do that,
    0:55:55 what do you want entrepreneurs to know about this book and why they need to read it?
    0:55:57 I stopped trying to sell books a long time ago.
    0:55:59 What I want is people to talk about it.
    0:56:05 I want you to find a small group, two or three people, and talk to each other about strategy.
    0:56:10 If my book helps you do that, that’s great, but we have so much privilege and leverage
    0:56:14 and we’re wasting it because we’re afraid to announce what we’re up to.
    0:56:16 So find somebody and talk about it.
    0:56:17 Yeah.
    0:56:19 I have to say, this was a really easy read.
    0:56:23 It was more just like, help me think about things and I thought it was really entertaining.
    0:56:25 So thanks for writing it.
    0:56:27 So I ask all my guests two questions.
    0:56:31 The first one is, what is one actionable thing our young and profitors can do today to become
    0:56:33 more profitable tomorrow?
    0:56:34 It’s pretty simple.
    0:56:37 Find a problem and solve it.
    0:56:42 And the problem that is most in need of being solved right now is people want to be seen
    0:56:45 and treated with dignity and respect.
    0:56:48 And what is your secret to profiting in life?
    0:56:53 Find what words mean and profit doesn’t mean how much money you have in the bank.
    0:56:56 It means how much value did you create for other people?
    0:56:57 Well, thank you so much, Seth.
    0:56:59 It’s always a pleasure to have you on.
    0:57:00 Thank you so much.
    0:57:02 Keep making a ruckus.
    0:57:10 Well, I hope you guys enjoyed that as much as I did because there was so many pearls
    0:57:14 of wisdom from Seth Godin on strategy and entrepreneurship.
    0:57:17 For Seth, strategy is not a plan.
    0:57:19 It’s not an instruction manual.
    0:57:21 It’s not just tactics.
    0:57:26 It’s a philosophy and a way of looking at the world and understanding how the world
    0:57:31 operates and what separates a successful entrepreneur from the rest of the pack is the ability to
    0:57:37 read the systems and forces you see around you and to anticipate change.
    0:57:39 And things change so fast.
    0:57:45 Engaging with systems you find around you requires you to constantly test your hypotheses,
    0:57:47 your products, your marketing angles.
    0:57:51 And being strategic also means recognizing bad systems.
    0:57:53 Don’t play a game you can’t win.
    0:57:57 Most of us, for example, are not going to be TikTok stars or NFL players.
    0:58:01 And we should think carefully before spending too much time and effort trying to become
    0:58:03 something that’s totally unrealistic.
    0:58:09 We can all become, however, better students of human nature and what our potential customers
    0:58:11 and audience truly wants.
    0:58:15 Like Seth puts it, marketing is just good empathy.
    0:58:20 Your main job in marketing is not to persuade people, but to find those who have been waiting
    0:58:22 for you to solve their problem.
    0:58:27 So go forth, YAPBAM, and think strategically, figure out the game you can win.
    0:58:31 Find that story that other people want to tell for you.
    0:58:35 And like Seth put it, if you’re not building something that people are talking about, build
    0:58:37 something better.
    0:58:40 Thanks for listening to this episode of Young and Profiting Podcast.
    0:58:45 If you listen, learn to profit from this conversation with the amazing Seth Godin, then please share
    0:58:50 this episode, spread the wealth, and let others benefit from the same wisdom.
    0:58:54 And if you did enjoy this show and you learned something and you really enjoy the content
    0:59:00 from the show, then the only way you can really thank us is by dropping us a review on Apple,
    0:59:05 Cast Box, Spotify, or wherever you listen to your podcast, help me with the social proof.
    0:59:07 That’s going to drive more listeners to the show.
    0:59:11 That’s going to ensure that we can provide this amazing, free content to you guys day
    0:59:13 in and day out.
    0:59:18 And it’s also a great way to let us know that you appreciate us, me, and everybody who works
    0:59:20 hard on the show.
    0:59:24 If you prefer to watch your podcasts as videos, you can find all of our episodes on YouTube.
    0:59:28 Just look up Young and Profiting, and you’ll find all of our episodes on there.
    0:59:32 You can also find me on Instagram or LinkedIn by searching my name.
    0:59:33 It’s Halla Taha.
    0:59:36 And of course, I’ve got to give a big thanks to my YAP production team.
    0:59:38 You guys are absolutely fantastic.
    0:59:39 I’m so lucky to have you.
    0:59:41 I couldn’t do this without you all.
    0:59:45 This is your host, Halla Taha, AKA the Podcast Princess, signing off.
    0:59:49 [MUSIC PLAYING]
    0:59:51 .
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    1:00:00 (upbeat music)
    1:00:10 [BLANK_AUDIO]

    Even with hard work and careful planning, many businesses still struggle because they don’t fully understand strategy or the systems at play in a complex world. Bothered by this common issue, Seth Godin wrote his latest book, This is Strategy, to help entrepreneurs and leaders make smarter, more strategic decisions. In this episode, Seth breaks down the four threads of strategy: time, games, empathy, and systems. He also shares practical advice to help entrepreneurs see and even change the systems that affect their success.

    In this episode, Hala and Seth will discuss: 

    – What strategy is and is not

    – How to know if your strategy is working

    – The problem with focusing on tactics

    – Why working harder isn’t enough

    – Spotting hidden systems affecting your business

    – The four pillars of strategy

    – Real-world examples of successful strategies

    – How Airbnb used timing to scale

    – Adapting when systems change

    – And other topics…

    Seth Godin is a well-known marketer, entrepreneur, and bestselling author of many books, including his latest, This is Strategy. His books have been translated into nearly 40 languages and have helped millions rethink marketing, business, and leadership. Seth has founded several successful companies, like Yoyodyne, which he sold to Yahoo for $30 million. He also founded Squidoo, one of the internet’s early popular community platforms. In 2013, Seth was one of just three professionals inducted into the Direct Marketing Hall of Fame. He was also inducted into the Marketing Hall of Fame in May 2018. He created the altMBA, an online leadership workshop, and The Carbon Almanac, a project focused on climate change. 

    Connect with Seth:

    Seth’s Website: https://www.sethgodin.com/

    Seth’s LinkedIn: https://www.linkedin.com/in/sethgodin/

    Seth’s Instagram: https://www.instagram.com/sethgodin/

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  • YAPClassic: Leila Hormozi, How to Attract Top Talent to Your Business

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
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    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:09 As always, you can find all of our incredible deals in the show notes.
    0:01:22 What’s up, young em-profiters!
    0:01:27 This week I played part one of my interview with Leila Hermosi and we heard her incredible
    0:01:32 story of how she went from being a rebellious teen in trouble with the law to a multi-millionaire
    0:01:34 mogul by her late 20s.
    0:01:36 It was an epic story.
    0:01:40 If you haven’t heard that episode yet, I would recommend you go back to part one, check
    0:01:42 it out first, and then come back when you’re done.
    0:01:47 Today we’re going to be listening to part two of this episode on management and hiring.
    0:01:52 Now this episode went live back in 2022 originally.
    0:01:56 But trust me, Leila’s advice on management and hiring is some of the best I’ve ever
    0:01:59 heard and it is still relevant as ever.
    0:02:04 I especially found her thoughts on accountability to be truly invaluable.
    0:02:08 Leila believes that accountability is critical to the operation of a business.
    0:02:14 She calls it the glue between action and result, and even calls herself the chief accountability
    0:02:15 officer.
    0:02:19 As the leader of your business, you have a responsibility to hold your team accountable,
    0:02:22 to be the chief accountability officer.
    0:02:27 And Leila has some great tips for how to do this, including how to shape expectations,
    0:02:30 measure performance better, and give more productive feedback.
    0:02:33 Okay, well here’s part two with Leila Hermosi.
    0:02:37 Let’s jump right into it.
    0:02:39 You’ve got a lot of management philosophies.
    0:02:42 You are such a rock star in this area.
    0:02:47 You’ve led numerous teams, you’ve found huge amounts of success, and everyone can technically
    0:02:52 be a manager, but not everyone is a leader, even if they are in a management role.
    0:02:56 So first of all, what do you think the qualities are of a world-class leader?
    0:02:59 Three very important qualities in my opinion.
    0:03:05 One is industriousness, the ability to work hard on the right work when the time comes.
    0:03:10 Second is enthusiasm, which is being able to seek out and pursue hard challenges without
    0:03:12 losing face, without losing energy.
    0:03:14 And then the third is competitive greatness.
    0:03:19 Competitive greatness is the love of a hard challenge when the hard challenge comes.
    0:03:22 It’s not you run away from it, it’s that you run towards it, because you understand what
    0:03:23 it will do for you.
    0:03:27 Those are the three aspects that when I’m like, I actually use these when I’m hiring,
    0:03:29 when I’m looking at leadership, I’m like, are they industrious?
    0:03:30 Are they enthusiastic?
    0:03:32 Do they have competitive greatness?
    0:03:36 Because here’s the thing, if you work really hard on the right stuff, but you lack any energy
    0:03:39 or enthusiasm, it’s hard for people to be around you.
    0:03:44 They’re like, oh, he’s great, but you know, he’s tough versus if you’re very energetic
    0:03:47 and enthusiastic, but you never get anything done, you don’t really set a good example
    0:03:50 for other people in the organization, you’re not going to be able to move things forward
    0:03:51 fast enough.
    0:03:55 And then lastly, competitive greatness is, what are you motivated by?
    0:03:58 And I think that the best leaders are not motivated by money.
    0:04:04 They’re motivated by a better version of the world themselves or others that they’re constantly
    0:04:07 trying to pursue because they know it means something to them.
    0:04:11 And that everyone has a different reason or meaning for that thing, but they all have
    0:04:15 that thing that they’re chasing, and they know that through leadership is how they can
    0:04:16 get there.
    0:04:18 And so that’s how I would define a good leader.
    0:04:23 So I found something really interesting when I was studying you and it was about hiring
    0:04:27 and you said you can’t hire anyone who is a better person than you if you’re the boss.
    0:04:31 And from my understanding, you’ve essentially turned down working with companies because
    0:04:34 you believe that top talent wouldn’t actually work for the leader.
    0:04:36 Could you shed some color on that?
    0:04:37 I’ll put it this way.
    0:04:41 There are situations in which top talent will go work for that person, but how long
    0:04:43 they stay is what I’m concerned with.
    0:04:45 Think about this, right?
    0:04:47 I have a certain level of character.
    0:04:51 I would never work for somebody who had worse character than me.
    0:04:54 And if I did, it would probably be for a very short amount of time and I wouldn’t be loyal
    0:04:55 to that person.
    0:04:59 And so when we’re looking at companies, that is 1,000 percent.
    0:05:03 The biggest issue that I see, which is there are so many young entrepreneurs that have
    0:05:09 these insane opportunities, these insane companies and they lack the integrity, maybe
    0:05:17 they lack the discipline, they lack the trust, that I don’t think that true top talent would
    0:05:20 be easy to recruit for them and so I don’t want to work with them.
    0:05:21 What are the signs of that?
    0:05:25 How do you tell, oh, this person doesn’t have integrity or I’m assuming you meet them just
    0:05:27 a few times?
    0:05:32 That’s a tough one because I think that you might feel this, but you can feel someone’s
    0:05:34 intention when you’re having a conversation.
    0:05:37 So there’s a lot of people that I talk to in business, for example, it’s like when I’m
    0:05:40 at an event and I talk to them and I’m like, “This motherfucker wants to suck the blood
    0:05:41 out of my brain.”
    0:05:42 They just want all the information.
    0:05:46 I talk to somebody else and I’m like, “They just want me to talk about them on social.”
    0:05:51 You can feel someone’s intention and there’s a lot of people I’ve gotten on the phone with,
    0:05:55 not an overwhelmingly amount, but enough that have success, but I can tell that the success
    0:05:56 is self-fulfilling.
    0:05:58 It’s not for others, it’s for themselves.
    0:05:59 They’re not in it for others.
    0:06:01 They’re not in it for their clients.
    0:06:03 They’re not in it for their team because they don’t talk about that.
    0:06:06 They talk about, “I, I, I, me, me, me.”
    0:06:07 That doesn’t create loyalty.
    0:06:11 That doesn’t create an environment in which top talent wants to work for you.
    0:06:16 It’s being selfishly driven and one could argue that you are selfishly driven to help other
    0:06:20 people because it feels good to yourself, but I would take that over being selfishly
    0:06:25 driven to have more money, have more status, have more power and I can feel when I talk
    0:06:30 to somebody by the language that they’re using what they really want and a lot of that comes
    0:06:32 from even asking them, like, “What’s the point of the business?
    0:06:33 Why does the business exist?”
    0:06:39 A lot of them will say, “Well, I wanted to make some money and then this and then it’s
    0:06:40 always about them.”
    0:06:41 It’s like, “I really like this house.
    0:06:43 I like this car.
    0:06:44 I like this lifestyle.
    0:06:49 I like the lifestyle,” whereas I think the best leaders in the world are not building
    0:06:51 a company to pursue a lifestyle.
    0:06:56 They’re building a company to pursue a purpose and they’re building a company to pursue impact
    0:06:57 because that’s what I think about.
    0:07:01 The question I ask myself every day when I wake up, “Is my team supported?
    0:07:02 Do they have clarity?
    0:07:04 Are my portfolio companies supported?
    0:07:05 Do they have clarity?”
    0:07:07 Those are the two questions that I think of in the morning.
    0:07:11 I don’t ask myself, “How does Leila gain more status and influence?”
    0:07:12 I could give a fuck.
    0:07:17 I do this because I want people to know who I am because I hope that my true character
    0:07:20 shows through and they can see I’m not an asshole boss.
    0:07:24 I really want to build a place where people love working and I want to teach other companies
    0:07:27 to do the same because I too used to have a shitty boss.
    0:07:30 I know what it’s like to work in an environment where I want to shoot myself every day.
    0:07:31 It sucked.
    0:07:33 That’s really how you sense it.
    0:07:35 Is the language somebody uses?
    0:07:37 Are they talking about themselves more?
    0:07:40 Are they talking about the why, the people, the team, the clients?
    0:07:41 Yeah.
    0:07:45 It’s just a little nuance, but you can tell when you’re in the conversation.
    0:07:46 Yeah, 100%.
    0:07:49 Let’s talk about the hiring process and dive deep into that.
    0:07:54 You have a YouTube video called $100 million hiring process and according to your video,
    0:07:57 the first step in the hiring funnel is the application generation.
    0:08:00 I know a lot of my listeners are entrepreneurs.
    0:08:03 A lot of people are struggling with hiring right now, so I thought we could spend a little
    0:08:04 time on it.
    0:08:09 First of all, you say the job title and the application is sort of like a headline.
    0:08:13 What are your top tips to attract the right clients with your job title?
    0:08:14 Yeah.
    0:08:19 A lot of people get the job title wrong because one, they don’t know what right looks like.
    0:08:20 They don’t have mentorship.
    0:08:24 They don’t have advisors and they also don’t do research.
    0:08:27 What I did when I was first starting out to understand what kind of job title I need is
    0:08:33 I would put in keywords just into Google of what’s a job for somebody that does, and I
    0:08:34 would say the top three things.
    0:08:35 I’m not even kidding you.
    0:08:39 Then I would look at all the titles that would come up, and then I would Google those titles
    0:08:42 and read the job descriptions of each one, and then I would find out the one that had
    0:08:47 the most similar description to the job that I need somebody to do.
    0:08:50 I think that the reason is a lot of people don’t put in the time, the effort, they don’t
    0:08:54 have the experience, but you can easily do that with literally using Google.
    0:08:55 Yeah.
    0:08:58 When you went and you read, you’re like, “Okay, I don’t know what this role is called, but
    0:09:03 you read 17 job descriptions,” and then took the top three that you think it could be and
    0:09:07 compared them on six other websites, you’re going to figure out probably the best name
    0:09:08 for the job.
    0:09:10 I think it’s just that most people aren’t diligent about that because they don’t understand
    0:09:11 why it’s important.
    0:09:14 If you understand why it’s important, it’s a task worth doing.
    0:09:17 When you don’t understand the importance, it’s not a task worth doing, but the reality
    0:09:21 is that most of the time when someone can’t recruit, the number one thing that I’ll change
    0:09:22 is the job title.
    0:09:24 I’m like, “Oh, it’s not the right job title,” so I’ll give an example.
    0:09:29 I’m hiring for, I’ll say, an administrative assistant to help my EA team.
    0:09:33 I put it out as administrative assistant, and the people I was getting were like, “They
    0:09:38 had one year of experience,” so I was like, “Shit, I need someone with more experience
    0:09:42 than that,” so I made it senior administrative assistant.
    0:09:45 I started getting people with five, six years of experience, just the tiniest change in
    0:09:50 job title, but if you look at salary.com, payscale.com, what’s the difference between
    0:09:55 an administrative assistant and a senior, there’s a difference in pay and an experience,
    0:09:57 and so it’s going to attract a different type of person.
    0:10:00 I think for a lot of people out there that are struggling with this, it’s the exact same
    0:10:03 thing as a marketing funnel, as a client acquisition funnel.
    0:10:06 It’s just a talent acquisition funnel, and that’s the reason so many people don’t succeed
    0:10:10 in business is they don’t see the similarities between those two things, or they don’t believe
    0:10:14 they haven’t accumulated the evidence to show them, like, “This really works.
    0:10:18 I’ve just had enough at-bats, and I think that I got lucky in the beginning of believing
    0:10:21 it was important to try it enough times and see it work.”
    0:10:25 Yeah, and I think that a lot of people don’t realize that when there’s a top talent person
    0:10:28 searching, they’re searching for the job title that they know about.
    0:10:34 They’re not going to read every single job post and research, just find you.
    0:10:36 You need to be able to be searchable for them.
    0:10:40 100%, they’re looking for the name that resonates with who they identify with.
    0:10:41 Yeah.
    0:10:45 Okay, so second part of the hiring funnel is nurturing, so talk to us about how we can
    0:10:50 have a frictionless candidate experience and what the indirect and direct experiences are
    0:10:51 during that process.
    0:10:57 Yeah, so there’s really two things during the hiring lead nurture process that I would
    0:11:02 like to call our candidate nurture process, which is indirect communication, which is
    0:11:05 if I search a company, what am I going to find online?
    0:11:06 Is it good?
    0:11:07 Is it bad?
    0:11:09 Because what candidates do is they go look at your reviews on Google, they go look at
    0:11:13 your client reviews, they go look at Facebook group reviews, they go look at last door,
    0:11:14 all of it.
    0:11:17 There’s employee reviews, lots of customer reviews, you have to understand that because
    0:11:19 that’s usually what pops up first.
    0:11:22 So that’s the first thing I’m asking is what does it look like when they search your name?
    0:11:24 That’s the indirect part of the funnel.
    0:11:28 And you can have a lot of say in that in terms of what kind of press you’re putting out there,
    0:11:29 what your website looks like.
    0:11:31 You can control the narrative.
    0:11:33 A lot of people are just too lazy to do it.
    0:11:36 And so the narrative is controlled by customers, by ex-employees, et cetera.
    0:11:40 But if you take control, by controlling the narrative, by putting out content for your
    0:11:44 company, then you are going to control the narrative and most likely have a better indirect
    0:11:46 experience for that candidate.
    0:11:51 The other side is the direct communication, which is what I see as a huge pattern is people
    0:11:56 think I need to have so many tests and so many complicated things to make this candidate
    0:12:00 go through for this nurture process because I want to make sure I only get the smart ones
    0:12:05 that the smart people have unlimited opportunity and don’t give a fuck about your funnel and
    0:12:07 don’t want to take your 30 point test.
    0:12:09 That’s just reality because guess what?
    0:12:12 They have five other jobs that are going to pay them the same, if not more, that don’t
    0:12:13 have that test.
    0:12:15 And a lot of people will say, I just want the person with the character, though.
    0:12:16 I’m like, you don’t understand.
    0:12:18 This is opportunity cost.
    0:12:19 Yeah.
    0:12:20 Or they’re going to get poached on LinkedIn.
    0:12:22 They’re not even going through an application.
    0:12:23 No.
    0:12:25 This is opportunity cost for them.
    0:12:26 They have so many opportunities.
    0:12:27 You have to understand.
    0:12:28 They don’t give a shit about that.
    0:12:32 And so a lot of people try to make it very complicated.
    0:12:37 They try to think of it like the candidate should be coming to me versus how could I
    0:12:39 create a better experience for the candidate?
    0:12:43 And so I’ve just taken the same principles from customer experience and I put them into
    0:12:47 candidate experience, which is if I was trying to nurture a lead, how would I be talking
    0:12:48 to them?
    0:12:49 I do the same thing with people.
    0:12:51 If I think they’re going to hire, I want to hire them.
    0:12:53 I’m like, I will be reaching out to them.
    0:12:54 I will be talking to them.
    0:12:55 I will be complimenting them.
    0:12:58 I’m not going to expect them to just always come to me.
    0:12:59 That’s the first thing.
    0:13:01 And it does take somebody who doesn’t have, who has a good amount of humility because
    0:13:04 I think a lot of people think my shit don’t stink.
    0:13:05 They should be coming to me.
    0:13:06 I’m like, nobody knows who the fuck you are.
    0:13:08 So let’s just get over ourselves.
    0:13:09 Yeah.
    0:13:12 Can you talk to us about the importance of speed and hiring?
    0:13:16 The average top candidate gets a job in eight days.
    0:13:21 The biggest reason that any of our portfolio companies have lost a candidate is Tony.
    0:13:25 He’ll interview someone on Monday and then I get like a, you know, a slack on like Thursday
    0:13:26 and it’s like, Hey, I’ve got a candidate.
    0:13:27 I want you to interview.
    0:13:28 I’m like, Oh, did you speak with them?
    0:13:29 Like what?
    0:13:30 How was it?
    0:13:31 Yeah.
    0:13:32 Yeah.
    0:13:34 No, I met with them on Monday and I’m like, it is just the same way that you would
    0:13:39 nurture a lead that was a $100,000 customer is how you would want to nurture an employee
    0:13:43 because often you’re paying someone 50 to $200,000, right?
    0:13:45 Say you’re a small business.
    0:13:48 How would you nurture a lead that was worth that much money, let alone an employee who’s
    0:13:51 going to stay for a long period of time?
    0:13:52 And so I think that we look at it the wrong way.
    0:13:56 We think that it’s different than that, but it’s actually the same.
    0:13:59 And candidates right now, especially, you know, I think it’s going to change a little
    0:14:02 bit in the next coming months, but right now, you know, the ball’s still in a lot of people’s
    0:14:04 courts where they have unlimited opportunity.
    0:14:08 And so the companies that are out there that are getting the top talent are the ones that
    0:14:13 have more robust infrastructure and are able to go faster, but if a small company is equipped
    0:14:15 with this and they understand, because like when we first started Jim Auch, it was me
    0:14:17 and my assistant hiring.
    0:14:19 And I still was like day of.
    0:14:23 We send rejection day of, we send follow up day of, we schedule, we schedule a meeting
    0:14:24 from a meeting.
    0:14:26 So it’s like, we get done with an interview and be like, cool, we want to do the next
    0:14:27 interview.
    0:14:28 Let’s schedule it right now while we’re on the call because we understood the importance
    0:14:29 of speed.
    0:14:31 And I think that anybody can do that.
    0:14:34 It’s just a matter of understanding the importance, which is if you’re waiting more than eight
    0:14:37 days to hire somebody, you’re getting worse candidates.
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    0:19:00 So, I heard you say something really cool, which was we’re buying people’s brains when
    0:19:01 we’re hiring.
    0:19:06 We’d love to understand how we assess people’s brains for culture fit, for skills.
    0:19:11 Is it really them taking a test or is it more of like a conversation that we have with them?
    0:19:12 Different people do it different ways.
    0:19:18 I tend to err more on the side of conversations and situational interviewing than I do hard
    0:19:19 testing.
    0:19:22 If you look at a lot of the practical tests people put together, those are typically the
    0:19:25 same format of questions that you would have for an interview anyways.
    0:19:30 So what I do is I think of, okay, what are situations in which somebody would exhibit
    0:19:32 the values that we have in the company?
    0:19:35 And then I will take those apart and I will break them down into questions.
    0:19:38 So competitive greatness, for example, if I wanted to figure out if somebody has competitive
    0:19:41 greatness I would ask them, why do you want to work?
    0:19:42 What motivates you?
    0:19:44 Why do you come to work every day?
    0:19:49 And if somebody says, money, it’s not competitive greatness to me.
    0:19:51 And if a portfolio company, I say, why do you have your company?
    0:19:55 And they say, well, I want to make $10 million, I’m like, it’s not competitive greatness to
    0:19:56 me.
    0:19:57 It’s not competitive greatness.
    0:19:58 It’s an unending process, right?
    0:20:02 It’s a continuous cycle of self-improvement, knowing that the challenge itself is what
    0:20:04 creates who you want to be.
    0:20:08 Another example would be sincere candor, which would be, tell me, I’ll give this one, you
    0:20:10 would think it’s like easy and people could fake it, but nobody ever does.
    0:20:15 I say, tell me the last hard conversation you had, and tell me how it went.
    0:20:18 And I swear, most of the time, nobody can think of it.
    0:20:22 I could tell you when I had a day ago, I could tell you when I had a hard conversation last
    0:20:23 night.
    0:20:24 You know what I mean?
    0:20:28 When I’m looking for someone who’s sincerely candorous, I’m going to ask that, and you’re
    0:20:31 going to be able to tell by their reaction, not just what they say, but their reaction,
    0:20:34 in terms of like, do they actually have that?
    0:20:39 And then in terms of the skill side of it and their experience, it’s asking people to recall
    0:20:40 how they drove results.
    0:20:44 You know, I think it’s, you can talk about the actions you took on a daily basis, but
    0:20:45 I don’t really care about that.
    0:20:48 I want to know, tell me about results you drove for a company that are similar to the
    0:20:51 results I’m asking you to drive here and tell me how you did it.
    0:20:52 How did you go about it?
    0:20:54 Give me a summary of that.
    0:20:55 And that’s typically what I’ll ask.
    0:20:59 So if I have somebody I’m hiring for director of customer success, and I need them to reduce
    0:21:03 churn for a customer base, I’m going to say, tell me about a time that you reduced churn.
    0:21:05 How much did you reduce it by?
    0:21:07 And how did you go about doing that?
    0:21:10 And you can tell when someone’s answering those questions, if somebody doesn’t know how
    0:21:14 to do that, and you have any as the CEO, of course, like I feel like I have to have knowledge
    0:21:17 of every department, like I have enough to know if somebody is bullshitting me or if like
    0:21:19 the answer they’re giving is mediocre.
    0:21:22 What I’m looking for most of the time is that I learned something from that interview.
    0:21:25 One, I want to feel like the values are true to them.
    0:21:28 The other side of the experiential piece in the education is I want to feel like they’re
    0:21:30 able to teach me something on that interview.
    0:21:32 And so I leave being better for it.
    0:21:33 Does that make sense?
    0:21:35 Yeah, total sense.
    0:21:39 So I know that the end of the process is that you believe as long as you’re a relatively
    0:21:45 small company, a thousand employees or less, it should end with a CEO interview.
    0:21:48 And I know that a lot of small entrepreneurs, even if they have 20 employees, they do not
    0:21:49 do every single interview.
    0:21:52 This was one of the biggest mistakes I made as a young entrepreneur.
    0:21:55 My business skill to 60 employees.
    0:21:59 And it started to have lower level employees hiring my employees.
    0:22:00 And then it was like a mess.
    0:22:04 I had really bad talent for a little bit and I had to let go a lot of my team and it was
    0:22:06 really hard.
    0:22:10 And so I learned that lesson first year in business, like I will never do that again.
    0:22:12 Talk just about why that’s so important.
    0:22:18 I believe that if you are truly a people first company, if you really believe that your employees
    0:22:22 and your team are the most important to the business, which I would argue in any sense
    0:22:27 the way they are, they are the business, then you would think that the CEO would show with
    0:22:32 the most valuable resource they have, which is time, not money, time, how important those
    0:22:33 people are to them.
    0:22:38 And I don’t think there’s a more important way or a more impressive way than having the
    0:22:39 last interview.
    0:22:43 And basically what I do on that interview is I show them that I’m not just here for you
    0:22:47 with this job, but you as a person, which is what are your personal goals?
    0:22:49 Do they align with the opportunity that we have within this business?
    0:22:51 And that’s what I’m trying to figure out.
    0:22:55 And so I come on there and I want to set the tone for what their relationship is going
    0:23:00 to be like with us and be like with the business, which is it’s not, you’re just a number here.
    0:23:01 It’s not this.
    0:23:03 It’s person first, human first.
    0:23:07 I want to show you why you’re important and I’m showing you right now with my time.
    0:23:08 Yeah.
    0:23:10 Just like a parent, if they have a kid, it’s like cool.
    0:23:13 You can pay for them to like go get ice cream with their kids and go to this really cool
    0:23:14 amusement park.
    0:23:17 But like there’s nothing more meaningful than it being their time.
    0:23:18 Yeah.
    0:23:19 100%.
    0:23:20 Okay.
    0:23:24 So like we mentioned, a lot of people are having a little bit of trouble hiring right
    0:23:25 now.
    0:23:27 There’s more opportunities to start businesses.
    0:23:29 It’s easier than ever to kind of be a freelancer.
    0:23:31 And so people have a lot of options.
    0:23:35 So I heard you say something that was really interesting to me, which was that we really
    0:23:39 need to create a bigger vision so that people actually feel they can fit within that if
    0:23:43 we really want them to work for us because they could just really work for themselves
    0:23:44 now.
    0:23:45 Could you talk to us about that?
    0:23:51 So I read the book by the CEO of Blackstone where he talks about it’s just as easy to
    0:23:53 create a big company as it is to create a small company.
    0:23:58 And that really resonated with me because I think that what he explained is that it
    0:24:02 is easier to recruit talent if you have a big vision than to recruit talent if you have
    0:24:06 a small vision because big talent doesn’t want to work for a small vision.
    0:24:09 And so that really hit home with me.
    0:24:12 And it showed me that you can’t have one without the other.
    0:24:16 It’s almost I cannot even get top talent without a big vision.
    0:24:21 And you can’t create the thing that creates the vision or fulfills that vision without
    0:24:22 the top talent.
    0:24:24 And so that really hit home with me.
    0:24:29 And I realized that you have to have a vision big enough that other people’s visions for
    0:24:30 their own lives can fit inside of it.
    0:24:34 And to the degree of which somebody’s vision for themselves fits inside the company is
    0:24:35 how long you’ll keep them.
    0:24:40 Once they see that they’ve hit a point where their personal trajectory of their life has
    0:24:43 changed, say the business is here and they’re here and then they go up here.
    0:24:44 Now there’s a deficit.
    0:24:47 They’re feeling like they’re lacking something in the workplace because there’s some kind
    0:24:50 of experience that they’re not getting from the workplace that they’re getting outside.
    0:24:54 And so I think the most important thing that we can do is be very explicit about the vision,
    0:24:58 be very explicit about where we’re going and very diligent in making sure that when you
    0:25:01 bring people in, you understand how much runway they have.
    0:25:05 I will never tell somebody that they have a long runway if I know they don’t.
    0:25:09 But if somebody doesn’t have a long runway, I will absolutely tell them.
    0:25:15 If somebody comes on to be an EA for me, I’m like, I don’t really want you to go anywhere.
    0:25:19 I’d like you to just want to be an EA forever because anyone that’s on our administrative
    0:25:24 team, there’s not a ton of upward trajectory, obviously promotions and raises in small amounts.
    0:25:28 But becoming a director of operations or director of HR, that’s going to create a huge hole for
    0:25:29 me to fill.
    0:25:30 And so I’m not really looking for that.
    0:25:36 Versus, if I bring somebody into a new department and I put them as head of business development
    0:25:41 and there’s one person in there, I’m like, hey, one day I’d like you to be VP of revenue
    0:25:43 or CRO.
    0:25:48 And so I hire according to that, which is, what is their personal vision for themselves?
    0:25:49 What’s my vision for the role?
    0:25:50 And I want to make sure that the two match.
    0:25:53 And I think that a lot of times when we’re recruiting, the reason a lot of people can’t
    0:25:57 get good talent is because they think that they’re like, oh, it’s just money.
    0:25:58 I just can’t afford to pay top talent.
    0:26:02 Okay, well, when we had gym launch, I was able to get some really big talent that wouldn’t
    0:26:06 have otherwise worked for us because we had enthusiasm, we had vision, and we had an ability
    0:26:09 to show those people how they would be able to grow within our organization.
    0:26:13 And so we didn’t have the biggest opportunity, but we could show them that their opportunity
    0:26:16 could at least fit inside what we did have in that company.
    0:26:19 And I think that a lot of people are just so focused on money and thinking about the
    0:26:24 competition that’s trying to recruit people, I’m like, people want opportunity.
    0:26:25 That’s what they really want.
    0:26:27 They want to see, it’s almost like in the relationship, right?
    0:26:31 When you get with a guy or a girl or whatever, right, you get in a new relationship.
    0:26:34 You’re going to treat it differently if you think that you’re going to be in that relationship
    0:26:35 for a long time.
    0:26:37 Then you would if you think you’re only going to be there for a few weeks, a few months,
    0:26:38 or even a year.
    0:26:40 It’s the same when it goes for employment.
    0:26:45 And so it’s reciprocated because if I feel that somebody really can feel like I can tell
    0:26:48 that they think their vision fits within the company, I see how they act.
    0:26:49 They see how I act.
    0:26:53 It’s a much more trusting relationship and you have a lot more loyalty with each other
    0:26:54 than you would otherwise.
    0:26:57 And I think a lot of people just don’t use that to their advantage because, one, they’re
    0:26:59 probably scared to think too big.
    0:27:01 They’re worried that they’ll fail.
    0:27:04 And the reality is you’ll for sure fail if you don’t think big enough that you can’t
    0:27:06 attract the right talent to build something.
    0:27:07 So smart.
    0:27:11 And I heard you say before that basically people hop from job to job so they can level
    0:27:12 up in their career.
    0:27:17 They need to be able to hop in your company too from job title to job title.
    0:27:20 Is there a certain way that you kind of show that to your employees or something that you
    0:27:25 do to show them the trajectory or do you just give them new projects all the time?
    0:27:26 Is it obvious?
    0:27:28 I think for executive level, it’s a little bit different.
    0:27:32 For executive level, it’s often showing the business like I have the business projected
    0:27:35 for the next 10 years along with like an org chart for the next three.
    0:27:39 And so people can see what kind of responsibility they’ll continue to assimilate as an executive
    0:27:40 team.
    0:27:43 For people under the executive team, there’s two things that we’re working on right now
    0:27:46 because you have to remember acquisition.com is pretty new.
    0:27:47 Competency maps.
    0:27:51 So a competency map is basically showing you here’s the levels in our organization.
    0:27:53 So say there’s six core levels.
    0:27:56 Here’s the skills and the traits needed for each level.
    0:27:59 And so if you want to get from one level to the next, here’s the skills and the traits
    0:28:00 required to do so.
    0:28:02 And here’s what the pay raise looks like as well.
    0:28:03 Here’s what the opportunity looks like.
    0:28:05 Here’s what your relationship with management looks like.
    0:28:10 And so I try to do that within one, the organization as a whole, and then within each department
    0:28:11 that makes sense.
    0:28:13 So two that are very typical would be media.
    0:28:16 So if you have a large media team, like we’re building out one for our media team right
    0:28:20 now to show everyone like, here’s the levels needed to build out the media team and here’s
    0:28:23 all the room you have upward trajectory wise.
    0:28:24 Same with the sales team.
    0:28:30 So the very traditional one is to show people based on their experience, how much, what
    0:28:31 their close rate is, all those things.
    0:28:34 Here’s all the levels that you can get to and here’s how much you can make along with
    0:28:36 the opportunity that you’ll have in the company.
    0:28:38 And so it’s called a competency map.
    0:28:41 If you look it up, you can find them for other companies.
    0:28:43 And for a small company, the thing is it’s actually easier to make because you have less
    0:28:44 people.
    0:28:48 And so you could even just show like, if you don’t even know, break it down to like three
    0:28:49 levels.
    0:28:54 Individual contributor, manager, leader, individual contributor, manager, executive, whatever it
    0:28:55 may be.
    0:28:59 And I think that if you can just start by showing people, it shows them that you give
    0:29:00 a shit.
    0:29:02 And I think that a lot of people are like, well, it’s not going to be perfect.
    0:29:04 It’s not going to be as good as Layla’s that she’s describing.
    0:29:05 Okay.
    0:29:06 Well, the point is that you give a shit.
    0:29:10 And that’s what people want to see is that you’re thinking about their future.
    0:29:13 Most bosses don’t even think about the future of an employee.
    0:29:14 It’s so true.
    0:29:20 So let’s say we’ve used all your guidance, we’ve hired a great team, but if you have
    0:29:25 a great team and no accountability, then you’re at risk of not getting much done.
    0:29:29 So you talk about your accountability framework, you even go as far as to say that instead
    0:29:33 of CEO, you call yourself the chief accountability officer.
    0:29:36 Could you talk to us about your accountability formula?
    0:29:37 Yeah.
    0:29:45 It’s understanding that accountability doesn’t exist without measurement, without feedback,
    0:29:46 and in a timely manner.
    0:29:50 And so a lot of the times the two things that are missing is the measurement, which is,
    0:29:52 are you showing someone where they fit on a spectrum?
    0:29:55 On a scale of one to 10, how well are they doing their job?
    0:29:58 Are you letting them know that they’re only at a seven and what they have to do to get
    0:29:59 to a 10?
    0:30:01 That’s one of the first things required for accountability.
    0:30:06 It’s just like if we are a weight scale, so if I go and weigh myself, the scale is basically
    0:30:10 the accountability officer, as I would say, which is the scale gives them a number, gives
    0:30:11 them feedback.
    0:30:16 Now, the way that we can amplify accountability, the only way that we can actually multiply
    0:30:20 it is by giving the person feedback of the measurement.
    0:30:23 So it’s like there’s the measurement, which is telling them how good they’re doing, and
    0:30:27 then it’s how many times are you telling them in how many ways, how good they’re doing?
    0:30:28 Are you doing quarterly reviews?
    0:30:29 Are you doing one-on-ones?
    0:30:30 Are you having conversations with them?
    0:30:32 Are you slacking them feedback?
    0:30:36 So like, for example, we just did a kickoff with a new partner company.
    0:30:39 And the first thing I did this morning was I wrote feedback to the person that conducts
    0:30:40 the kickoffs.
    0:30:42 I said, “Here’s all my feedback for you.
    0:30:43 Here’s how well I think you did.”
    0:30:46 I actually thought this was the best one you ever did yet, right?
    0:30:49 And so I’m telling him where he’s at in terms of my expectations.
    0:30:55 And so the best thing that we can do as CEOs, entrepreneurs, people that employ other people
    0:30:57 is really just the feedback.
    0:30:59 Like if there’s one thing that you could do, because especially if you’re a small business
    0:31:02 that the crux that is always, “Hey, I don’t have a measurement.
    0:31:03 I don’t have things in place yet.”
    0:31:08 Well, you can at least tell someone verbally in a qualitative manner how they’re doing.
    0:31:11 And you can do it more than mumbling it on a call with them when they’re not really paying
    0:31:14 attention in a way that doesn’t even sound direct or like it makes any sense, right?
    0:31:16 Because that’s what a lot of people do.
    0:31:19 The way that they give feedback is, “Oh, yeah.”
    0:31:24 And then next time you do that presentation, maybe we just do it a little bit differently.
    0:31:26 And it’s like they say it in a way that’s very non-direct.
    0:31:31 And I think the best way to give people feedback and to hold them accountable is to be as clear
    0:31:32 as possible.
    0:31:35 It’s like when you measure yourself on the scale, it’s not like it says like, it’s not
    0:31:36 like blurred.
    0:31:37 You’re not like having to like lean in and really wonder what’s saying.
    0:31:40 Like is it say 150 or 155?
    0:31:41 You would be like, “I don’t know what the feedback is.
    0:31:42 Did my weight go up or down?
    0:31:43 Five pounds is a lot.
    0:31:44 It’s a big difference.”
    0:31:45 That could have been up.
    0:31:46 It could have been down.
    0:31:48 And so when people are vague with their feedback to employees, it’s the same as the scale being
    0:31:49 that way and being vague.
    0:31:52 It’s like a small amount of nuance makes a big difference.
    0:31:56 And so you have to be very clear in your communication because a lot of times when someone’s delivering
    0:32:00 critical feedback, the employee actually thinks that it’s positive feedback because the way
    0:32:02 that they’re delivering it is so poor.
    0:32:05 And so I think it’s being explicit and being able to find your voice is a really important
    0:32:06 piece of that.
    0:32:08 And you don’t do that unless you have app ads.
    0:32:12 And so in the beginning you’re going to suck at doing it and you just have to get better
    0:32:14 and better over time.
    0:32:16 We’ll be right back after a quick break from our sponsors.
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    0:37:12 Would you say that feedback should be continual and not just like once a quarter or once a
    0:37:14 year performance review?
    0:37:15 100%.
    0:37:19 It’s the only thing that can amplify and multiply accountability.
    0:37:24 It’s the only thing that really strengthens it to a high degree is giving that feedback.
    0:37:30 It’s just the more you can normalize feedback, the easier people can take it, the more likely
    0:37:31 they are to act on it.
    0:37:37 A lot of people avoid giving feedback and they create a culture of secrecy and of whispers
    0:37:38 and gossip.
    0:37:42 In reality, if you give feedback on a regular basis, everyone gets used to it and then it
    0:37:43 doesn’t feel bad.
    0:37:44 It’s just like discomfort.
    0:37:46 It’s something that’s uncomfortable.
    0:37:47 Do it enough times.
    0:37:48 It’s not uncomfortable anymore.
    0:37:49 Yeah.
    0:37:53 It’s so important so that your employees actually get better at their jobs and continue to learn
    0:37:57 and improve instead of making the same mistakes over and over again.
    0:37:58 100%.
    0:37:59 Okay.
    0:38:01 Let’s take it from the employee perspective.
    0:38:04 Let’s take it from a lot of my listeners are entrepreneurs, but at the same time, a
    0:38:06 lot of them are corporate professionals.
    0:38:08 They want to level up in their jobs.
    0:38:12 They want to be seen by their boss, taken up for promotions.
    0:38:16 What can somebody do as an employee to really stand out?
    0:38:22 I get a lot of shit for this, but I believe in it, which is the only way to stand out
    0:38:25 truly is to exceed expectations.
    0:38:30 Humans, when expectations match reality, we are neutral.
    0:38:31 We feel nothing.
    0:38:33 We feel that was how it’s supposed to go.
    0:38:37 If somebody does their job exactly how it’s laid out, I think to myself, that was how
    0:38:38 it’s supposed to go.
    0:38:43 Now, if somebody does their job worse than the job is laid out, I feel disappointed.
    0:38:44 I feel frustrated.
    0:38:45 I feel angry.
    0:38:50 The only time somebody will really stand out a job is if they exceed expectations.
    0:38:51 Meeting expectations is not enough.
    0:38:52 You don’t stand out.
    0:38:54 Nobody feels anything from that.
    0:38:57 Truly, your nervous system does not get excited by that.
    0:39:02 The moment that somebody does beyond the job description and exceeds expectations is when
    0:39:09 the boss will feel truly, actually feel excited, feel elated, feel encouraged.
    0:39:12 I think that a lot of employees say, “Doing my job is enough.
    0:39:14 Doing beyond my job takes too much effort.”
    0:39:16 It’s not always about the amount of work you’re doing.
    0:39:18 It’s how you do the work.
    0:39:23 You can exceed expectations in the way you do something, not even just there’s doing
    0:39:28 something and completing a mission, which is expected, but how you do it is also what’s
    0:39:29 going to make a difference.
    0:39:33 If you’re told to make a presentation to train a team, you can make a presentation
    0:39:36 that can train a team and it could be sufficient, or it could have animations.
    0:39:38 You could bring in a guest speaker.
    0:39:40 You could think about it like that.
    0:39:43 To the degree at which you do every of your daily tasks is the degree at which you will
    0:39:47 impress the person, whether you exceed expectations on a consistent basis in the tasks you’re
    0:39:51 doing or whether you’re not meeting expectations because just meeting them, you’ll just blend
    0:39:52 in.
    0:39:53 I totally agree.
    0:39:56 There’s this trend of quite quitting I was talking about.
    0:40:00 Basically what it is is a lot of people have just said, “I’m going to do the bare minimum.”
    0:40:04 To your point, they feel like I should just do what I get paid for and that’s it.
    0:40:09 If you do that, no one’s going to … As a boss, nobody wants an employee like that.
    0:40:14 You want an employee who’s going to be worth 10 times what you pay them, right?
    0:40:17 That’s why you’re going to promote them and let them lead and become a manager.
    0:40:20 I feel like that’s just a recipe for not moving in your job.
    0:40:21 It is.
    0:40:22 Here’s the thing.
    0:40:26 I talked about this and I got a lot of backlash in terms of people saying, “Layla, these people
    0:40:27 treat me like shit.
    0:40:28 They don’t give me promotions.
    0:40:29 They don’t give me raises.
    0:40:30 I’m not recognized.”
    0:40:38 I understand that, but I just don’t think that acting in despite of someone else’s actions
    0:40:39 is going to help anybody.
    0:40:43 Because at the end of the day, for me, I had plenty of jobs before I had my own company.
    0:40:49 How I acted was more important to me for who I was, for my integrity with myself than it
    0:40:52 was for the person I was working for because it’s not about them.
    0:40:57 It’s about me, who I am, how I work, how I show up when nobody else gives a shit.
    0:40:59 For me, it’s not even about either of these things.
    0:41:03 It’s about who are you because you’re not defined by how you think and feel.
    0:41:05 You are defined by the actions you take.
    0:41:09 If you act like a lazy person and you don’t work, you are a lazy person.
    0:41:12 It’s like when people say, “If you feel it, nobody cares how you feel.
    0:41:15 They just care how you behave and that is what you are identified with.
    0:41:16 You are identified with your actions.”
    0:41:18 People are like, “Oh, he had good intentions.
    0:41:19 I’m going to fuck.
    0:41:20 Intention doesn’t equal impact.”
    0:41:23 It’s like, “Well, this boss isn’t going to be approachable.”
    0:41:27 I’m like, “That says a lot about you because I can tell you that I worked my fucking ass
    0:41:30 off for years in jobs that I never got a raise and I never got a promotion.
    0:41:34 I did it because that’s who I am and I do everything with excellence.”
    0:41:38 To me, it’s the employees are shooting themselves in the foot because they are degrading their
    0:41:39 own character.
    0:41:41 I don’t care about the boss piece.
    0:41:43 I’m just talking to you as a human, which is like, “Why are you doing that to yourself?”
    0:41:45 You’re literally fucking yourself by doing that.
    0:41:46 Yeah.
    0:41:50 Not to mention that your vibe and your energy is that of a lazy person.
    0:41:51 You’re going to attract lazy opportunities.
    0:41:54 You’re not going to be even to be able to attract the things that you want in your life
    0:41:56 because you’re not doing them.
    0:41:58 I totally agree with that.
    0:41:59 Okay.
    0:42:00 Closing this out, Layla.
    0:42:01 What a great interview.
    0:42:06 I heard you on Brooke Castillo’s show and you teased possibly starting a podcast.
    0:42:09 Do you want to tell us about your possible new podcast?
    0:42:10 Yeah.
    0:42:13 If anyone out there is a podcast producer, that’s the only reason I haven’t launched
    0:42:14 it yet.
    0:42:15 Oh.
    0:42:18 Just so you know, we have a whole media company over here.
    0:42:19 Okay.
    0:42:20 Yeah.
    0:42:22 Truthfully, that’s all it is.
    0:42:23 I want to start a podcast.
    0:42:28 I want to call it “Build With Layla,” build your business, build your life, build yourself,
    0:42:29 build your company.
    0:42:33 I think just talking about building in general, and I liked that word.
    0:42:35 Hopefully, it’s to come by next quarter.
    0:42:39 I’m not sure yet, but it’ll be a little different than the YouTube channel, but a lot of the
    0:42:41 same kind of content.
    0:42:42 Awesome.
    0:42:45 Let me know when it comes out so I can tell my listeners to tune in.
    0:42:46 All right.
    0:42:50 We close out this interview with two questions that we ask and then we round them out and
    0:42:51 summarize them at the end of the year.
    0:42:56 The first one is, what is one actionable thing that our young and profiteers can do today
    0:42:59 to become more profitable tomorrow?
    0:43:04 Take a list of five things that you can do tomorrow that you’ve been avoiding because
    0:43:06 they’re uncomfortable and do them.
    0:43:11 Despite how you feel, despite how you rest tonight, despite how, you know, your mood
    0:43:16 is tomorrow, commit to five things tomorrow that you’ve been avoiding, write them down
    0:43:18 and do them.
    0:43:20 Get uncomfortable, right?
    0:43:23 And what is your secret to profiting in life?
    0:43:27 The ability to take action quickly after failure.
    0:43:30 So I think that a lot of the times when we’re getting uncomfortable and we’re doing things
    0:43:32 that are uncomfortable, we fail, we stumble.
    0:43:35 I do not let that, I don’t dwell on my failure.
    0:43:36 I don’t find that to be productive.
    0:43:40 I can, I just get up and I go and I try it again immediately, not the next day, not
    0:43:41 a week later.
    0:43:42 I try to do it immediately.
    0:43:45 And so I think that there’s nothing wrong with failing.
    0:43:48 It’s the fact that most people dwell on their failure for so long that that becomes their
    0:43:51 life when you could have just gotten up the next day and done it again.
    0:43:52 I love that.
    0:43:55 And where can everybody learn more about you and everything that you do?
    0:43:57 You can go to acquisition.com.
    0:44:00 We have some free courses on there for business.
    0:44:04 And you can opt in for our email list and we email out like just interesting nuggets.
    0:44:10 You could also go to @LailaHormozzi on Instagram, @LailaHormozzi on YouTube, and @LailaHormozzi
    0:44:11 on Twitter.
    0:44:13 And I am pretty active on those three platforms.
    0:44:14 Awesome.
    0:44:16 And I’m going to stick all those links in the show notes.
    0:44:18 Thank you so much for your time today.
    0:44:19 Thank you for having me.
    0:44:29 [MUSIC]
    0:44:31 [MUSIC]
    0:44:34 (upbeat music)
    0:44:44 [BLANK_AUDIO]

    For years, Leila Hormozi gave her best effort at jobs where she never got a raise or promotion. She did it because she’s a high-integrity person who does everything with excellence. Now a master CEO widely known for her scaling and operations expertise, she understands how to build high-performance teams that retain top talent. In part two of this episode, Leila explains exactly how to attract and keep elite employees. She also shares tips for how to hold your team accountable, measure performance better, and give more productive feedback.

    Leila Hormozi is an entrepreneur, investor, and philanthropist. She co-founded Acquisition.com with her husband, Alex Hormozi. By the age of 28, she had amassed a net worth of $100M. 

     

    In part two of this episode, Hala and Leila will discuss: 

    – The qualities of a world-class leader

    – Why your character matters when trying to keep top talent

    – Creating a top-tier job title to attract the right candidates

    – Why you need a big vision

    – Creating a frictionless candidate experience

    – How to “buy people’s brains”

    – Why you need to hire fast

    – Spotting competitive greatness

    – Leila’s accountability formula

    – Why you need to give clear feedback often

    – How employees can stand out

    – And other topics…

    Leila Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. She is the CEO of Acquisition.com and is known for her expertise in scaling businesses by building flexible infrastructures and effective management systems that foster great workplace cultures and high performance. Following a successful turnaround business venture, she and her husband, Alex Hormozi, packaged his process into a licensing model that scaled to over 4,000+ locations in 4 years. Simultaneously, she launched and scaled three companies, generating $120M+ without external funding. 

    Connect with Leila:

    Leila’s Website: https://www.acquisition.com/ 

    Leila’s LinkedIn: https://www.linkedin.com/in/leila-hormozi-32a580a5/ 

    Leila’s Twitter: https://twitter.com/LeilaHormozi 

    Leila’s Instagram: https://www.instagram.com/leilanhormozi/ 

    Leila’s YouTube: https://www.youtube.com/@leilahormozi 

    Sponsored By:

    Teachable – Claim your free month of their Pro paid plan at https://teachable.com/ with code PROFITING

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    Mint Mobile – To get a new 3-month premium wireless plan for just 15 bucks a month, go to https://mintmobile.com/profiting 

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    Shopify – Sign up for a one-dollar-per-month trial period at https://youngandprofiting.co/shopify   

    Indeed – Get a $75 job credit at https://indeed.com/profiting  

    Resources Mentioned:

    What It Takes: Lessons in the Pursuit of Excellence by Stephen A. Schwarzman: https://www.amazon.com/What-Takes-Lessons-Pursuit-Excellence/dp/1501158147 

    Part 1 of Leila’s Interview: https://youngandprofiting.com/yapclassic-leila-hormozi-from-six-arrests-to-100m-networth-by-age-28/

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course

    Top Tools and Products Of The Month: https://youngandprofiting.com/deals/ 

    More About Young and Profiting

    Download Transcripts – youngandprofiting.com

    Get Sponsorship Deals – youngandprofiting.com/sponsorships

    Leave a Review – ratethispodcast.com/yap

    Watch Videos – youtube.com/c/YoungandProfiting

     

    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

    Instagram – instagram.com/yapwithhala/

    TikTok – tiktok.com/@yapwithhala

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    Learn more about YAP Media’s Services – yapmedia.io/

  • Russell Brunson: How to Build a Million-Dollar Sales Funnel | E312

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:08 As always, you can find all of our incredible deals in the show notes.
    0:01:11 Every ad will have a hook, a story, and then an offer.
    0:01:15 If you can’t be the lowest price leader in town, there’s no advantage of being the second
    0:01:16 lowest price leader.
    0:01:19 But there is a huge strategic advantage of being the most expensive.
    0:01:21 See people all the time like, “Oh, webinars are dead.”
    0:01:23 I was like, “They are not dead.
    0:01:24 They are far from it.”
    0:01:27 So when people have a webinar that’s not working, the reason why it usually doesn’t
    0:01:32 work is because we would take a team of seven or eight of us, about 90 days, to build a
    0:01:33 funnel in the past.
    0:01:34 These are quick funnels.
    0:01:38 We built the software to speed up the process for me so I could build a funnel in a day versus
    0:01:39 three months.
    0:01:42 What kind of art goes into creating a good funnel?
    0:01:43 The first part of the art is just …
    0:02:04 Young and Profiters, welcome back to the show.
    0:02:09 Today, I have the pleasure of interviewing one of my role models and new friends, Russell
    0:02:10 Brunson.
    0:02:13 Russell Brunson is the CEO and founder of ClickFunnels.
    0:02:17 He’s one of the most famous internet marketers in the world.
    0:02:21 He’s also the host of the marketing secret show, as well as the bestselling author of
    0:02:23 many marketing books.
    0:02:26 We are going to go deep on a number of things in today’s episode.
    0:02:29 We just had an hour together, which was not enough time.
    0:02:33 Russell promised me he would be coming back on at least once a year.
    0:02:36 Today, we got a chance to cover funnels.
    0:02:38 We talked about webinars.
    0:02:41 We went super deep on webinars, how to create effective ones.
    0:02:46 We also talked a lot about psychology and sales, and he just dropped so many gems in
    0:02:47 this episode.
    0:02:49 I can’t wait for you guys to hear it.
    0:02:54 This was one of my favorite episodes of 2024, just because it was packed with so much value.
    0:02:57 Russell really dropped so much knowledge about marketing and sales.
    0:02:59 I learned so much personally.
    0:03:03 I can’t wait for you guys to hear it without further delay.
    0:03:05 Here’s my conversation with Russell Brunson.
    0:03:07 Russell, welcome to Young and Profiting Podcast.
    0:03:09 I’m excited to be here.
    0:03:10 Thanks for having me.
    0:03:11 I’m really excited too.
    0:03:16 Russell, you are actually my big pinch me moment of the year.
    0:03:23 I remember back in March, I got a website inquiry, and it was from Russell Brunson.
    0:03:26 Russell Brunson was asking me, “Hey, I’ve heard a lot about you.
    0:03:29 I’m interested in joining your network.”
    0:03:33 I couldn’t believe my eyes because I’m in marketing, and I’ve always looked up to you,
    0:03:38 and I’ve always known about Russell Brunson since I was just starting out in marketing.
    0:03:43 It was such an awesome moment to get a message from you asking to join my network.
    0:03:46 I literally couldn’t believe my eyes.
    0:03:48 I’ve had a podcast for a long, long time.
    0:03:52 Over a decade, I’ve been running podcasts just kind of on my own as a silo, and I was
    0:03:55 talking to Jenna Kutcher, who’s a friend of both of ours, and I’ve been watching her
    0:03:58 podcast blow up and all the things she’s doing, and she’s like, “You just need to
    0:03:59 meet Paula.”
    0:04:02 That was the introduction and started watching what you were doing for a while.
    0:04:05 I usually like to observe before I jump in, and so I was watching what you were doing
    0:04:09 for a long time, and then I just got excited to come jump in and start working with you.
    0:04:13 It’s been amazing so far, so thank you for having me and having me as part of the network.
    0:04:14 Thank you so much.
    0:04:17 Welcome to YAP Media Network, and shout out to Jenna Kutcher.
    0:04:21 I always tell my listeners, “It’s all about just doing good work and doing the best that
    0:04:22 you can.”
    0:04:28 When you do that, good things will just happen to you, so shout out to Jenna and you for
    0:04:30 joining the network.
    0:04:32 You are an online marketing guru.
    0:04:34 You’re really famous for creating click funnels.
    0:04:38 It’s the software that helps people drive leads in sales.
    0:04:40 You have hundreds of thousands of active users.
    0:04:43 You got to $100 million in your first year.
    0:04:49 I want to understand, how did you first learn the power of online marketing and building
    0:04:50 funnels?
    0:04:51 Yeah.
    0:04:52 A lot of people don’t know.
    0:04:56 I’ve been playing this game for a long, long, long time before funnels, before Facebook.
    0:05:01 In fact, I remember when I got started, I was in college, and this is before my space even
    0:05:02 came out.
    0:05:05 We were trying to do marketing online, and all of a sudden, this new thing came out called
    0:05:06 MySpace.
    0:05:08 We were all freaking out because we were so excited.
    0:05:10 This was going to be a new platform we could drive traffic from.
    0:05:14 I’ve been doing this game for a long time since I was in my early 20s.
    0:05:17 I was in college, and we were just trying to figure things out.
    0:05:18 It’s weird looking back now.
    0:05:22 I’m like, “I don’t even know how we got leads, because there was no social media.
    0:05:23 We couldn’t buy ads.”
    0:05:26 It was just a different game back then, but that’s when I got started, and I was trying
    0:05:29 to figure out how to start businesses online.
    0:05:30 Google was just coming out right then.
    0:05:33 I remember Google pay-per-click ads, this new thing that we were all testing out, and
    0:05:34 we were trying.
    0:05:39 I did this for a decade as somebody who was just creating offers and launching them and
    0:05:40 putting them out there.
    0:05:43 I had an offer to teach people how to make potato guns.
    0:05:46 I partnered with somebody who was teaching couponing.
    0:05:49 I partnered with somebody who was the world’s fastest reader, so we were creating these
    0:05:55 different courses and products way back then for 10 years before we started buying ads on
    0:05:56 Facebook.
    0:05:59 Then that’s about the time that we built the software platform, ClickFunnels.
    0:06:00 It was actually a decade ago.
    0:06:04 We launched that, and the last 10 years has been crazy as we’ve been now teaching people
    0:06:07 how to do that and giving them software to make it simple.
    0:06:10 That’s how I got started way back 20-something years ago now.
    0:06:11 Yeah.
    0:06:15 It sounds like you were experimenting, figuring out, like you said, your first offer was how
    0:06:21 to create a potato gun, which I had to Google what a potato gun even was, become a city
    0:06:22 girl.
    0:06:23 I had no idea.
    0:06:24 I love that.
    0:06:28 I love that you’ve just been experimenting and getting really awesome at your craft.
    0:06:32 When I read or I heard, I don’t remember where I read it or where I heard it, but you basically
    0:06:36 were like, “Hey, I’m not the best operator of business.
    0:06:41 My passion is the art, the art of creating funnels.”
    0:06:45 I’d love to understand what kind of art goes into creating a good funnel.
    0:06:46 It’s actually interesting.
    0:06:49 I remember I had this conversation with Tony Robbins, because Tony was similar.
    0:06:51 Tony was like, “I’m not an entrepreneur.
    0:06:54 My art is changing people’s lives, and I had to learn business to be able to do my art
    0:06:56 and to get people to actually show up.”
    0:06:58 I feel like, for me, it was similar.
    0:07:01 Funnels for me, it’s funny, because I look at the whole world through funnels.
    0:07:04 Every time someone’s got a problem, I’m like, “There’s always a funnel that’ll solve almost
    0:07:05 any problem.”
    0:07:06 Right?
    0:07:09 But for me, when I’m online, I probably do things different the most, but I love going
    0:07:11 through social media specifically to see ads.
    0:07:12 Then I’ll see an ad.
    0:07:13 I get so excited.
    0:07:16 If it stops me from my tracks, I’m like, “Oh,” and so I click on it, and I’m like, “This
    0:07:17 is amazing.”
    0:07:20 Then I will go and I literally, every time I click on an ad, I take a picture of the
    0:07:22 ad first, and then I go and I go to the landing page.
    0:07:24 I take a screenshot of the landing page, and I go and I opt in.
    0:07:27 I take a screenshot of the next page, and I have thousands of funnels saved, right?
    0:07:30 I go through every single page in the funnel because I want to see the process, right?
    0:07:34 Because the first part of the art is just understanding the psychology.
    0:07:37 If I’m taking somebody from a cold ad, where am I taking them?
    0:07:38 What’s the first step?
    0:07:39 What’s the second step?
    0:07:40 What’s the third step?
    0:07:41 Right?
    0:07:42 So that’s the first part of the structure.
    0:07:44 It’s similar in my mind, like the structure of a house.
    0:07:46 Here’s the framework that we’re taking somebody through.
    0:07:49 But then on every ad and every page, there’s always three things I look at.
    0:07:54 Every ad will have a hook, a story, and then an offer, and every landing page has a hook,
    0:07:55 a story, and an offer.
    0:07:58 And then every sales page, those elements are on every single page.
    0:08:01 So I was looking at that, okay, what’s the hook story offer of this part of the funnel?
    0:08:03 What’s the hook story offer of this part?
    0:08:06 And I look at those kind of things, and then I like looking at how they tell their story
    0:08:10 and how they’re doing it in a way that gets me excited to want to buy their product, or
    0:08:14 how does the story increase the perceived value of the thing they want me to buy?
    0:08:15 And so for me, that’s the art.
    0:08:19 I love studying it and looking at, I look at everybody’s funnels, what everyone’s doing,
    0:08:20 and then I just learn from that.
    0:08:24 And then from there, when I’m building my own funnels, you know, I’m looking at, here’s
    0:08:27 all these ideas, here’s all these things people are doing, and I try to bring the best of
    0:08:28 those things into my funnels.
    0:08:32 And I always tell people who come into my world, if you want to buy something from me, please
    0:08:34 buy it because I want you to buy the product, right?
    0:08:37 But more importantly, I’m like, buy things from me very, very slowly.
    0:08:41 Because if you look at any page inside of any of the funnels, this is not me just throwing
    0:08:42 up something and hoping it works.
    0:08:45 I will go look at, like listen, I’m doing a book funnel or webinar funnel.
    0:08:49 I will go through and look at 50 to 100 webinar funnels.
    0:08:52 Before I build my next webinar funnel, every time, and I’m studying and looking and pulling
    0:08:53 the best practices in.
    0:08:57 So like when I’m building out my webinar funnel, it’s the best art in the world.
    0:09:00 I get all the best practices you can dream of in every single page.
    0:09:02 And so that’s the art for me.
    0:09:04 So the rest of the business got built around that.
    0:09:05 I just wanted to build funnels.
    0:09:07 It took us so long to build a funnel.
    0:09:11 Like we would take a team of seven or eight of us, about 90 days to build a funnel in
    0:09:12 the past.
    0:09:15 And so quick funnels, we built the software to speed up the process for me.
    0:09:18 So I could build a funnel in a day versus three months.
    0:09:21 And then everything else came on the backside of that.
    0:09:24 And then teaching entrepreneurs the same thing and try to show them, like here’s the
    0:09:25 best practice.
    0:09:26 Like you want to build a book funnel.
    0:09:27 This one looks like you want to build a webinar funnel.
    0:09:29 This is what the best ones look like.
    0:09:32 That’s been our calling for the last decade is just try to shortcut people so they don’t
    0:09:34 have to geek out as much as I do and look at every funnel.
    0:09:38 But we can give them like templates and things like this is the best practices in a simple
    0:09:40 way for you to model.
    0:09:41 I love that.
    0:09:44 And I can hear all the passion in your voice.
    0:09:45 And I teach marketing too.
    0:09:49 And something that I always tell my students is it’s all about the nuance, these little
    0:09:54 tiny tweaks that get people to make the decisions that you want them to make.
    0:09:59 So can you talk about subtle nuances that people can do within their funnels that can
    0:10:01 make or break their funnels?
    0:10:02 Yeah.
    0:10:06 So first off, there’s always three things in every page of a funnel.
    0:10:07 So hook a story they offer.
    0:10:10 And I always tell people, if you were to hire me, I do console days for a hundred grand
    0:10:12 a day and people fly out here.
    0:10:13 I always tell them, like, the only thing I’m going to do is I’m going to look at every
    0:10:16 page of the funnel and see they’re going to be a hook, a story or the offer.
    0:10:18 Like one of those things is always off, right?
    0:10:19 So good example.
    0:10:22 I have someone that’s in my inner circle and they had a webinar that was teaching people
    0:10:26 how to make money with local reviews or something like that, right?
    0:10:29 And they had this webinar and they had a webinar that was really good that landing page, register,
    0:10:30 everything was there, right?
    0:10:34 But it was costing them, I think on average, it cost them like $25 per lead to get someone
    0:10:35 to register for a webinar.
    0:10:39 And then from that, I think they’re like 12% of the people who registered actually showed
    0:10:40 up.
    0:10:44 Like $150 for every person to show up on this webinar.
    0:10:45 And then the webinar was actually converted to really good.
    0:10:46 They’re teaching the process.
    0:10:50 They sold a really good offer and they did a really well, but it was just the conversions
    0:10:51 were bad.
    0:10:53 And so they wanted me to help them rebuild the entire funnel and the webinar and everything.
    0:10:56 And I was like, I don’t think it’s that big.
    0:10:57 I think you’re just missing one thing.
    0:11:01 I said, when I look at the registration page, their headline was something like, learn how
    0:11:05 to make money with helping local businesses with local reviews.
    0:11:07 I was like, the problem with that is there’s no curiosity when I see that, I’m like, oh,
    0:11:08 this is a webinar.
    0:11:10 They’re going to teach me how to make money’s local reviews.
    0:11:14 And if you think you know the answer already, then first off, you’re not going to register.
    0:11:17 And if you do register, you may or may not show up, but you’re like, I think I know this
    0:11:18 is about registered.
    0:11:20 And if I’m bored, maybe I’ll show up.
    0:11:23 And so all we did is we took that as like, let’s just change the hook and let’s make
    0:11:25 more curiosity in the hook.
    0:11:29 And so we changed it from how to make money, teaching people how to do local reviews or
    0:11:33 whatever to like something like this is the loophole we found to help make extra money
    0:11:34 helping local businesses.
    0:11:37 And this is not, and we talked about all the things that wasn’t, this is not doing Facebook
    0:11:38 ads.
    0:11:39 This is not doing Instagram.
    0:11:42 This is whatever, all the things that people might think it was, we talked about what it
    0:11:43 was not.
    0:11:45 And instead of register to find out exactly what this new thing is, and then we’ll show
    0:11:47 you how to use it inside your business.
    0:11:49 So we just made it more curiosity based.
    0:11:51 That’s all we changed on the registration page.
    0:11:56 And it went from $25 per registrant to now I started getting registrants at $5 a piece.
    0:11:58 So it dropped the cost down to one-fifth.
    0:12:01 And then because people didn’t know what it was unless they showed up, their show break
    0:12:04 went from like 12% to like 26%.
    0:12:08 And so between those two things, all of a sudden the metrics of the business changed and this
    0:12:12 funnel went on to make the millions of dollars just by changing a hook on a page.
    0:12:16 Simple psychology, these little tiny tweaks, these little tiny changes have huge impact
    0:12:17 across the funnel.
    0:12:18 That’s what I’m always looking for.
    0:12:22 That’s what I look at so many people’s funnels just to get ideas of like, oh, look how they
    0:12:23 did that.
    0:12:24 Look how they did this.
    0:12:27 And the more I see people buying ads, people always ask me, how do you know if funnel is
    0:12:28 working?
    0:12:30 Because the company is spending a lot of money on ads and you keep seeing it over and over
    0:12:31 and over again.
    0:12:33 They’re probably are doing something right.
    0:12:34 And so I’ll click on it.
    0:12:36 I’ll go look at like, oh, look how they did that.
    0:12:37 Look how they frame that.
    0:12:38 Look how they made this offer.
    0:12:40 We’re just looking at those little things and they’ll come back and test them on our
    0:12:41 pages.
    0:12:46 And like I said, a little tweak like that can dramatically change the metrics of a business.
    0:12:49 So it’s like searching for buried treasure and then applying it back to your business,
    0:12:50 which is so much fun.
    0:12:51 Yeah.
    0:12:52 You’re making me feel inspired.
    0:12:56 Like I should go look at every related business and see how they do their funnels and what’s
    0:12:58 working and what’s not working.
    0:13:03 So you said you have this superpower where you can take any product, any service, and
    0:13:07 then you can determine how it should best be sold online.
    0:13:10 What the funnel should look like, what the messaging, the script should look like, what
    0:13:12 the sales process should be.
    0:13:16 So I thought we could do a little quick game where I tell you, since you said it’s your
    0:13:23 superpower, I’ll tell you a business idea and you tell me how do you think it should
    0:13:24 be sold?
    0:13:27 What do you think the funnel should look like and what do you think some of the messaging
    0:13:28 should be and stuff like that.
    0:13:31 And it can be super quick and high level.
    0:13:32 Are you good for this?
    0:13:33 Yeah, that’d be fun.
    0:13:34 Let’s go.
    0:13:35 Okay, cool.
    0:13:40 So this is a high ticket social media agency with retainer services.
    0:13:42 What’s the typical price point on that?
    0:13:44 Let’s say it is $5,000 a month.
    0:13:46 Okay, very cool.
    0:13:49 And traditionally, when you sell that, do you get somebody on the phone to sell that
    0:13:52 or do you try to sell off a page or how does it normally work in your world?
    0:13:56 In my world, because I have a social agency, so I’ll just answer it myself.
    0:13:58 Usually it’s a discovery call.
    0:13:59 My business is unique.
    0:14:02 It’s mostly referrals because I have so much social proof.
    0:14:03 So the leads come to me.
    0:14:08 So for the average person, I’d say they’re posting on social media, maybe retargeting
    0:14:11 with a DM and then having a discovery call.
    0:14:12 Gotcha.
    0:14:13 Cool.
    0:14:17 My experience with something like that where it’s, for me, if the price points under $2,000,
    0:14:21 for most people, we can sell that off of a webinar, no clothes, no phone call needed,
    0:14:22 right?
    0:14:26 When you get to $5,000, especially $5,000 with recurring, 100% I agree that you need
    0:14:29 to get someone on a call, right, strategy call, discovery call, things like that.
    0:14:31 So knowing that’s the end goal, right?
    0:14:33 So the end goal is to create a strategy call.
    0:14:36 Now what I’m looking for is, okay, how do I make it so that by the time they get to
    0:14:38 the strategy call, they’re already pre-sold.
    0:14:41 And when they’re jumping on the strategy call, it’s not me trying to sell them.
    0:14:45 It’s them trying to sell me on why I should accept them, right?
    0:14:47 Those are the positioning things I’m trying to do.
    0:14:50 So my very first thing I would do is I would probably create the landing page would be like
    0:14:51 our case study.
    0:14:55 Like let me show you a free case study about how we were able to and then find like one
    0:14:58 or two or three of your clients that you’ve done really cool things for and build a case
    0:14:59 study around that.
    0:15:01 So the first page is like, give us your email address and I’m going to show you a free case
    0:15:05 study about how I took Jenna Kutcher, Russell Brunson and so and so, and we three X their
    0:15:09 views and made them each a hundred grand a month in advertising costs by making these
    0:15:12 three little simple tweaks to their podcast, right?
    0:15:13 Something like that.
    0:15:14 Cause that would be intriguing for me.
    0:15:17 In fact, the way you sold me, by the way, as you probably know, is you showed me a quick
    0:15:18 video.
    0:15:21 Like here’s the three things I would change on how you’re doing things to increase.
    0:15:24 And then I saw three things I was like, this makes a hundred percent sense.
    0:15:25 Let me give her my money right away.
    0:15:26 Right?
    0:15:27 So I’d be able to case study like that.
    0:15:31 Page two then is there’ll be a video headline, a video like free case that reveals how to
    0:15:32 blah, blah, blah.
    0:15:35 And I’d have the video down below and watch the video and I would show the case studies
    0:15:37 of Russell, of Jenna, of someone else, right?
    0:15:38 Here’s what we did.
    0:15:39 Here’s the tweaks we made.
    0:15:40 They’re very simple, very easy.
    0:15:44 And then underneath that, then I’d have a link to where they could apply for a discovery
    0:15:46 call and I would make it very exclusive.
    0:15:48 In fact, I would probably charge for the discovery call.
    0:15:51 It’s been like, Hey, obviously we work with the clients of this caliber.
    0:15:54 If you’re interested in working with us, basically the way it works is you put a hundred dollars
    0:15:55 down deposit.
    0:15:56 This is refundable.
    0:15:58 If we don’t work with you, if you do work with you, it applies toward the first month,
    0:16:00 but that way you have some kind of gate there.
    0:16:03 That way you don’t get a million people applying and that would set up the discovery call.
    0:16:06 So now you got a really cool funnel and now you can go out there and the advertising would
    0:16:10 be basically like, Hey, do you want to see a free case study about how I got Jenna, Russell
    0:16:11 and so and so this result?
    0:16:13 If so, check out the page and send it to the page.
    0:16:15 Now you go to podcasts or different interviews.
    0:16:16 It’s really simple.
    0:16:19 Again, the call to action and be like, Hey, if you want me to show you exactly how I did
    0:16:21 this, I have a free case study over at Russell’s free case study.com.
    0:16:22 Go check it out.
    0:16:26 And then from there you can push people from social, from podcast interviews, from everything
    0:16:30 into this funnel that then gets people pre qualified to give you money for your agency.
    0:16:31 This is so good.
    0:16:35 I feel like so many of my listeners are going to find so much value with this because you
    0:16:39 could do this with any basically professional service that’s a retainer offering.
    0:16:41 So it’s really, really smart.
    0:16:46 One more thing to drill down on this is why do you want to make it so exclusive?
    0:16:51 Tell us about how that switches the power dynamic or what are you trying to do by making
    0:16:56 it seem like they’ve got to apply to you, not that you need them as a customer.
    0:16:57 Two things.
    0:16:58 Number one is it makes it easier for you operationally.
    0:17:02 My first business I built, I was outbound calling every lead that came in, we’re trying
    0:17:04 to sell them and it was expensive.
    0:17:05 I had 60 full time salespeople.
    0:17:09 I had to get a huge office with all his expenses because we’re chasing people and most people
    0:17:10 aren’t qualified.
    0:17:11 Most people have no idea why we’re calling.
    0:17:12 It was just, it was a nightmare.
    0:17:16 We made money, but it was such a grind and it was so expensive.
    0:17:18 Eventually we let go all 60 salespeople.
    0:17:20 We built a funnel, very similar to what I’m talking about right now.
    0:17:21 I had two salespeople.
    0:17:23 They can’t go outbound call people.
    0:17:25 So said, let’s get people to raise their hands.
    0:17:29 So it gave us the ability to go from 60 salespeople to just two and get pretty similar volume
    0:17:32 on how much money we’re making, which was fantastic without the cost of stuff.
    0:17:35 But number two is the principle we call the takeaway sell, right?
    0:17:39 And if you think about this, the psychology behind this, when someone’s chasing you trying
    0:17:44 to sell you something, they feel like this pushy knowing salesperson, right?
    0:17:47 Instead what I want to do is I want to create desire in something, but then take it away.
    0:17:50 So it’s like, Hey, I have this amazing thing, but I take away.
    0:17:53 For example, I have a inner circle, my high end coaching programs, inner circle wave.
    0:17:55 Only a hundred people can be in there, right?
    0:17:59 And before I capped it to a hundred people, I had it where it was like anybody who we
    0:18:00 could sign up would sign up.
    0:18:01 So we’re going at it.
    0:18:04 It took us three or four years to get to where about 35 people in that group paying every
    0:18:05 single year.
    0:18:06 And I was like, I want to get this bigger.
    0:18:09 And I remember I decided I was like, I’m going to cap it to a hundred people and then
    0:18:10 I’m going to cap it out.
    0:18:13 And in my mind, I was like, I’m so far from a hundred people.
    0:18:14 This will never actually happen, right?
    0:18:18 It took me three years to get 30 people, 35 people to say yes.
    0:18:19 But I switched.
    0:18:20 I said, okay, this is exclusive.
    0:18:21 There’s only a hundred people and the seats are gone.
    0:18:22 They’re gone.
    0:18:23 And I put it out there.
    0:18:24 I remember emailing my list.
    0:18:26 I said, hey, you guys have seen me talk about inner circle, you’ve seen the success stores
    0:18:27 coming out of it.
    0:18:30 We’re only going to have a hundred people and when it caps out, it’s sold out.
    0:18:33 And I put that messaging out there and I made them apply.
    0:18:35 Like let me know why you’re a good fit because we only have a hundred seats.
    0:18:37 We got to make sure the right people are in here.
    0:18:39 And it was crazy because people started submitting these applications.
    0:18:40 They would call us on the phone.
    0:18:42 I had people sending me gifts at my home.
    0:18:43 I don’t know how to get my home address.
    0:18:45 It was kind of creepy begging me like, let me be one of the people.
    0:18:46 It was crazy.
    0:18:50 Like three months, we sold out all to the hundred spots and it was crazy.
    0:18:51 And then there’s a waiting list.
    0:18:53 And I was like, it just shifts the psychology, right?
    0:18:56 I’m not chasing them, begging them to sell.
    0:18:59 I’m putting in something where it’s like, they have to apply to be part of it.
    0:19:03 And so that’s been the biggest thing for us is creating a takeaway sale situation where
    0:19:06 you’re taking something away from people because they got five kids.
    0:19:07 It’s the same way.
    0:19:09 If I’m like, hey, I need you to sing kids, they don’t want to do, but if I can position
    0:19:12 different things where it’s like, hey, only one of you guys get to do this, but this is
    0:19:15 why it’s so exciting that my kids are fighting over doing the chore because they want to be
    0:19:17 the one to get the benefit from it.
    0:19:20 So it’s all about creating desire and then taking it away.
    0:19:22 And then I get people to start coming to you.
    0:19:25 This was like a marketing psychology 101 class.
    0:19:26 Okay.
    0:19:30 The next line is low or medium ticket software offering.
    0:19:32 Oh, very cool.
    0:19:33 So like a recurring software continuity.
    0:19:34 Yes.
    0:19:37 Like signing up for click funnels, for example.
    0:19:38 Okay.
    0:19:41 So for click funnels, if you look at the way we’ve been running this for 10 years and
    0:19:43 there’s two core funnels that I use.
    0:19:44 So one of them is a trial funnel.
    0:19:47 One comes up, they get a free 14 day trial to test it out.
    0:19:51 And I love that one because it gets people no risk and come in and try it out.
    0:19:53 And then it starts billing them afterwards.
    0:19:56 The problem with that is it’s really hard to spend a lot of money on ads that way, right?
    0:20:00 Cause it might cost me a hundred dollars to get somebody to take a free trial.
    0:20:03 And then for most people, you can’t grow a business that way.
    0:20:06 You have to wait two or three months for you to get your money back and it can be really
    0:20:09 stressful if you don’t have a lot of money to be able to do that, right?
    0:20:13 So in the second funnel I use as a webinar funnel, during the webinar, what I do is I
    0:20:17 sell basically year access to the software for a thousand dollars.
    0:20:21 So I’ll promote my webinar, they register for the webinar on the thank you page after
    0:20:23 they register for the webinar before the webinar starts.
    0:20:27 I tell people, hey, the webinar is about to start, but I want you to get a free trial
    0:20:28 to our software.
    0:20:29 So you can play with it before the webinar starts.
    0:20:31 That way when you show up the webinar and I’m teaching you that, you know exactly how
    0:20:32 to use it.
    0:20:35 So they register for the free webinar, they’re offered a trial, a 14 day trial on the thank
    0:20:36 you page.
    0:20:39 Then the webinar happens and during the webinar, I’m teaching them how to use funnels, I explain
    0:20:43 everything and then I make them a special offer where they can get a year for, it would
    0:20:47 normally be $1,200 a year, they can get basically two months for free, right?
    0:20:50 So they get a really special offer and I add in a bunch of other bonuses there.
    0:20:54 We sell for a thousand dollars and that way when people buy the thousand dollar offer,
    0:20:59 it covers my ad spend and that way I can spend money and then with that people start joining
    0:21:00 the trial.
    0:21:03 A good example, the very first year of ClickFunnels, that was our playbook.
    0:21:08 After year was crazy as we had 2,500 people who had signed up for the thousand dollar
    0:21:09 offer, right?
    0:21:12 Which is basically $2.5 million collected, but that money we collected, that wasn’t
    0:21:13 our profit.
    0:21:16 We took that money and we put that money back into ads, that’s how we started growing the
    0:21:17 company, right?
    0:21:21 But from the 2,500 people that gave us the thousand dollars, 7,500 people had signed
    0:21:24 up for the trials and actually stuck.
    0:21:27 And so you look at 7,500 people times $97 a month, that was the business.
    0:21:28 That was where we made our money.
    0:21:29 Does that make sense?
    0:21:30 Yeah.
    0:21:31 Totally makes sense.
    0:21:35 And so those two funnels together is how we grew ClickFunnels and everyone who comes
    0:21:39 to me has a software company, how do I grow my software company, this is the blueprint
    0:21:40 how we did it.
    0:21:41 It worked insanely well.
    0:21:43 So that’s how I would definitely do it.
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    0:26:39 I’m going to make sure that we spend a bunch of time on webinars.
    0:26:41 I also have been doing webinars a lot.
    0:26:42 I love them so much.
    0:26:44 So I want to pick your brain on that.
    0:26:45 Okay, the last one.
    0:26:48 This is a local brick-and-mortar car wash.
    0:26:49 Interesting.
    0:26:53 The local ones are always fun because not a lot of people do funnels in the markets.
    0:26:56 So anyone who comes in with a local market usually crushes.
    0:27:00 In fact, one of my friends is a dentist, and she created an Invisalign funnel, and she
    0:27:04 blew up her practice, completely filled it up in like a couple of weeks, and then she
    0:27:07 licensed that funnel to all these other dentists, and they’ve all blown up their practices.
    0:27:08 So if you can figure out local funnels, it’s really good.
    0:27:09 Okay.
    0:27:11 So a local car wash is the question.
    0:27:12 So I’m trying to think.
    0:27:16 The first question I would ask, without doing the research, what are offers that car washes
    0:27:19 have used in the past through direct mail or TV or radio to get people in?
    0:27:25 So I actually dated somebody who owned a car wash, and he told me that his big thing was
    0:27:28 getting people to become members, to subscribe to the car wash.
    0:27:29 Oh, very cool.
    0:27:30 Okay.
    0:27:31 So it’s time for membership, and they get…
    0:27:35 I think I know my wife’s on a car wash membership, where she pays, I don’t know, $30 a month
    0:27:36 on the car wash.
    0:27:37 Yeah, something like this.
    0:27:38 Like $30 a month for a car wash.
    0:27:39 Yeah.
    0:27:40 Very cool.
    0:27:41 All right.
    0:27:43 First off, I try to create some kind of offer, right?
    0:27:45 Because memberships are typically hard to sell by themselves.
    0:27:49 I’m like, okay, what else can I package together to make a really irresistible offer?
    0:27:50 Right?
    0:27:51 So for me, I look at…
    0:27:54 I’m sitting in the car wash here in our neighborhood, right over here.
    0:27:57 There’s a couple of restaurants around, and there’s three or four really cool things right
    0:27:58 in the vicinity.
    0:28:00 So I would go to those different businesses and be like, hey, I’m going to bring people
    0:28:02 to the car wash.
    0:28:03 People who come to the car wash are going to need their haircuts.
    0:28:04 They’re going to need fast food.
    0:28:05 They’re going to need…
    0:28:08 And I’m like, can I create something where I get a free haircut from you, a free lunch
    0:28:11 from you, a free, you know, pick three or four things, and then make an offer, right?
    0:28:12 And then that’d be the offer.
    0:28:16 So the offer would be something like, hey, when you come in and join the car wash membership
    0:28:18 club, you’re going to get your first wash for free.
    0:28:22 Plus you’re going to get free food at Taco Bell, a free haircut, free cookies, so delicious.
    0:28:24 I think that things are out there.
    0:28:25 And that’s going to be the offer when you come in.
    0:28:29 So I make that offer, and then I create a funnel, and I would probably make a funnel
    0:28:30 look similar to…
    0:28:31 Do you remember Groupon?
    0:28:32 Yeah.
    0:28:33 And Living Social?
    0:28:35 I’d make a page look similar to that because people locally are used to those styles like
    0:28:36 that.
    0:28:38 When you join the free car wash, you get this.
    0:28:41 Here’s the other things you get, and I make the page look very similar to that.
    0:28:45 And then I would just go target Facebook ads to people within, I don’t know, 10 mile radius
    0:28:49 of the car wash, and I would blanket it so that every time any of those people open Facebook
    0:28:53 or Instagram, all they saw was my offer for the free car wash with the other bonuses.
    0:28:56 And I would drive all the traffic to that page, and that’s how I do it.
    0:28:58 What’s the importance of adding those bonuses?
    0:29:01 What does that do psychologically to people?
    0:29:04 There’s two ways to be the cheapest person in town, right?
    0:29:06 And this is where people mix it up.
    0:29:10 They always think, “Okay, especially people who don’t understand psychology and marketing,
    0:29:11 they always want to be the lowest priced leader.”
    0:29:13 So there’s like, there’s two car washes competing.
    0:29:14 One guy’s like, “I’ll do it for $10.
    0:29:15 I’ll do it for $9.
    0:29:16 I’ll do it for $8.”
    0:29:20 And they try to compete by price to eventually cut all their margins away, right?
    0:29:21 And my mentor is a guy named Dan Kennedy.
    0:29:25 And Dan Kennedy told me one time, he said, “If you can’t be the lowest priced leader
    0:29:28 in town, there’s no strategic advantage of being the second lowest priced leader, right?
    0:29:32 If you can be Wal-Mart, cool, but if you’re like, “I’m a little more expensive than Wal-Mart,
    0:29:33 but I’m also cheap.”
    0:29:34 There’s no advantage there, right?
    0:29:37 But being the most expensive in town, there is a huge strategic advantage of being the
    0:29:39 most expensive.
    0:29:42 So I never try to increase my value by lowering the cost.
    0:29:45 I try to increase my value by adding value on top of things, right?
    0:29:48 And then it seems cheaper, seems less expensive.
    0:29:52 So now by making this offer, it’s like, “I’m still paying $10 for a car wash, the other
    0:29:56 guy’s paying, but I also get free lunch, free haircut, free, all these other things.
    0:30:00 It seems cheaper, even though it’s the same price, or I can make it a premium where it’s
    0:30:03 more expensive, but it still seems cheaper because I’m getting these other things, this
    0:30:05 other value out on top of it.”
    0:30:08 So anytime I create any kind of offer, my number one thing is like, “How do I increase
    0:30:13 the perceived value of this so that it seems cheaper without having to cut any price?”
    0:30:16 We’ve done this with chiropractors, where people will drive past five different chiropractors
    0:30:20 in town to get to the sixth chiropractor because his offer seems cheaper, even though it costs
    0:30:24 more a lot of times because the value that they wrapped on top of that, a lot of times
    0:30:26 the value doesn’t cost you any extra money, right?
    0:30:30 It doesn’t cost these other companies money to give you the coupons for their things.
    0:30:34 It just gives them a new customer in the door, so it’s a huge value out for them as well.
    0:30:35 So good.
    0:30:36 I love that advice.
    0:30:37 Okay.
    0:30:39 So a lot of my listeners are entrepreneurs, so that just helped them.
    0:30:45 A lot of them are aspiring entrepreneurs, and I always say the easiest way to become
    0:30:49 an entrepreneur is to just do something that you’re good at, sell a service that you’re
    0:30:50 good at.
    0:30:51 I was good at social media.
    0:30:52 I started a social agency.
    0:30:53 I was good at getting sponsors.
    0:30:54 I started a podcast network.
    0:30:56 It’s the easiest thing to do.
    0:31:02 So how can you know when you’re ready, and that you’re a true expert at what you do,
    0:31:03 and you can start selling your expertise?
    0:31:04 Oh, very cool.
    0:31:06 First off, I 100% agree.
    0:31:10 I think anybody when they’re first getting started, picking a service or a thing that
    0:31:14 you can do, that’s the easiest way to get started, and then eventually it turns into
    0:31:17 businesses and services and courses or whatever it else.
    0:31:22 But I think the biggest part is most people, I don’t know, I have a very obsessive compulsive
    0:31:23 personality.
    0:31:28 When I get excited about something, I go deep, and I geek out really, really deep, right?
    0:31:32 So it helps me to get leverage over other people because I go deep on these topics.
    0:31:35 So for anybody doing this, I would say, okay, if you want to be in the business world, there’s
    0:31:37 so many different services people need.
    0:31:38 We need funnel builders.
    0:31:39 We need designers.
    0:31:40 We need people to drive traffic.
    0:31:41 We need people to do social media.
    0:31:42 We need people to do video editing.
    0:31:45 We need people to do, like, there’s so many different pieces of the puzzle that make any
    0:31:47 kind of business work.
    0:31:50 So first off, it’s looking at all those things and then figuring out what you actually like
    0:31:51 to do.
    0:31:54 I would recommend even for a lot of people, if you don’t know yet, go find an entrepreneur
    0:31:56 you look up to and go volunteer, go work for them for free.
    0:31:57 Go move to their city.
    0:31:58 Like, how am I going to work for you?
    0:32:01 Like, let me figure out and just try a bunch of things until you find something that you
    0:32:03 actually have interest in or passion.
    0:32:04 Right?
    0:32:06 I may have people on my team that full-time, all they do for a living now is write emails
    0:32:09 because they came into our world and they’re like, I really like the email thing.
    0:32:10 They became obsessed with that.
    0:32:11 And they start studying emails.
    0:32:15 And they’ve got, some of these guys make six plus figures a year writing emails.
    0:32:16 How hard is it to write emails?
    0:32:17 Right?
    0:32:19 But because that person got so good at it and they love it, they can obsess with
    0:32:20 it.
    0:32:21 That’s what their thing is.
    0:32:22 Right?
    0:32:23 For you, sponsorships.
    0:32:26 Like you were great at that or social media or writing captions on Facebook post.
    0:32:29 Like there’s so many little pieces and if you become excellent or something, a lot of
    0:32:32 people that are okay, a lot of people that can do the work, but when you find someone
    0:32:36 who can become amazing at the thing and specialize in it, that’s worth a lot of value.
    0:32:37 Right?
    0:32:40 So figure out the lane you want to go in and then become obsessed with this.
    0:32:41 Number one.
    0:32:44 And then for theirs doing it for a client, for the entrepreneur until you can prove a
    0:32:45 result there.
    0:32:46 That’s like, hey, now I’ve got a result there.
    0:32:51 Now let me shift from like, this is my full-time job thing to like, let me start an agency
    0:32:53 or I can do it for five entrepreneurs or 10 entrepreneurs, right?
    0:32:56 And then from there, if you get really good, you can make a course and it kind of blossoms
    0:33:01 into all the other things you could do with your skill and your expertise.
    0:33:05 So I learned something new about you when I was studying for you for this interview.
    0:33:11 You said that outside of the business world, I guess you feel more shy and reserved, but
    0:33:13 here you are on camera.
    0:33:14 You’re so energetic.
    0:33:16 You’re so outgoing.
    0:33:22 For those aspiring entrepreneurs out there who feel like they’re shy and nowadays you
    0:33:26 need a personal brand, honestly, you don’t need one, but it will turbocharge your success
    0:33:28 if you have a personal brand.
    0:33:32 Can you speak to them and give them some inspiration in terms of if they can do this too?
    0:33:33 Yeah, for sure.
    0:33:36 People never believe me until they see me in my real life that I’m very introverted.
    0:33:40 In fact, I go to church, normally go to church and even knows who I am, what I do because
    0:33:42 I’m just kind of like hanging out inside, you know.
    0:33:46 I did a podcast episode one time and I said, I feel like I’m an introvert and extroverts
    0:33:47 calling right?
    0:33:49 I see these extroverts who feel so comfortable to go out there to talk and everyone else
    0:33:50 stuff.
    0:33:51 And like, I can’t do that.
    0:33:54 Like I see that and I’m like, I’m always envious of like, I wish I had that skill so I could
    0:33:58 walk into a crowd and just talk for some reason that I wasn’t blessed with that.
    0:34:02 But then I started understanding myself because again, I’m very nervous when I, when I see
    0:34:04 someone one-on-one, I’m having this conversation.
    0:34:06 But when I can prepare for something and I get on stage, like I feel very comfortable
    0:34:11 in front of 100 or 1000 or 10,000 people, it feels less stressful to me than a one-on-one
    0:34:13 conversation in the hallway.
    0:34:14 I’d rather die than do that.
    0:34:15 It scares me so bad.
    0:34:18 I don’t know why or phone calls, like my number one fear in this world is phone calls.
    0:34:21 Like I hate when the phone rings, like I only answer for my wife and nobody else.
    0:34:24 I get anxiety, but I realized it’s actually fascinating.
    0:34:29 If you look at most really good entertainers, actors, people who are on stage, entrepreneurs
    0:34:31 who are on stage a lot, most of them are introverted.
    0:34:36 And when I started learning about introverts is we like to create things privately and then
    0:34:41 present them publicly versus extroverts come, they’re processing live in real time and stuff
    0:34:42 like that.
    0:34:46 And so what I found is that introverts actually do better a lot of times in these roles in
    0:34:47 being social media.
    0:34:50 I mean the face of a brand because we have to go and at least for me, like I have to prepare
    0:34:53 a lot behind the scenes, get my thoughts, get things figured out and then come in and
    0:34:56 I can present things in a way that’s simpler, that’s clear.
    0:34:59 Whereas extroverts a lot of times they jump in and nothing gets extroverts.
    0:35:02 Like again, I wish I had more of that in me, but extroverts process externally.
    0:35:06 So they’re talking and they’re like figuring things out on the fly, which is amazing.
    0:35:10 But also like a lot of times the things they’re teaching may not be as clear the very first
    0:35:11 time cause they’re not thought through.
    0:35:14 So for introverts to understand like you don’t have to be an extrovert.
    0:35:16 You don’t have to just like go live anytime you want, you can sit back and think through
    0:35:20 your frameworks and figure things out and like prepare things ahead of times and then present
    0:35:21 them publicly.
    0:35:24 Look at most really good actors or actresses.
    0:35:27 Most of them are very introverted, but they can perform because they prepared over here
    0:35:28 and they perform externally.
    0:35:29 So I don’t know.
    0:35:30 Hopefully I get some hope.
    0:35:32 You came to one of our events and I had a chance to talk to you and you’re probably like, man
    0:35:34 Russell is so weird and awkward.
    0:35:35 Like that’s how I am.
    0:35:36 I was nervous.
    0:35:37 I was the nervous one.
    0:35:42 I was like, cut the conversation Jordan cause I was just too nervous.
    0:35:43 Yeah.
    0:35:48 I think this is part of, and like what’s fun about this too is like most social media stuff
    0:35:51 like you can record on your phone and then post it later.
    0:35:55 It doesn’t have to be that scary interaction of like I’m live and eventually get more comfortable.
    0:35:56 Again, I got started 20 years ago.
    0:36:00 So this is before we had webinars, but back then we had tele seminars.
    0:36:03 You would dial a phone number and I’d had an admin number and I would invite people
    0:36:07 to this call and I’d pick up the phone and I had no idea if there was one person listening
    0:36:08 or a hundred.
    0:36:11 So I get in there and then I had to talk for an hour just to myself.
    0:36:15 I remember it was so weird and so I’d pretend like the people were there and I would talk
    0:36:18 to myself and then I’d only know if people were on the call if somebody bought something
    0:36:19 later.
    0:36:20 I’m like, oh, somebody bought something.
    0:36:21 I mean, somebody must have actually showed up.
    0:36:22 Oh my God.
    0:36:23 But we didn’t know back then, right?
    0:36:26 Later, they go to webinar, came out and then zoom and you could see what people were there.
    0:36:27 But that’s what I had to learn.
    0:36:31 So I was just practicing talking on a phone by myself, hoping that someone was there.
    0:36:34 You guys nowadays, we have the chance to like practice on your phone and practice till you
    0:36:35 feel comfortable.
    0:36:38 You could try 10 times and post the one that you’re actually proud of at the end of the
    0:36:39 day.
    0:36:44 And to your point, when you get obsessed with something and you’re so good at something
    0:36:49 really specific, like a part of a marketing process like writing emails.
    0:36:53 Now you’re confident because Ed Milet told me confidence breeds confidence, right?
    0:36:58 Now suddenly you can talk and you’re energetic about it because you know, you know more than
    0:37:01 99% of people about this one specific thing.
    0:37:02 Yeah.
    0:37:03 For sure.
    0:37:08 And maybe that’s what’s fun too is like you start seeing nuances inside of your art that’s
    0:37:09 different than other people.
    0:37:11 And you start sharing that and people are like, Oh my gosh, that’s so cool.
    0:37:13 And then yeah, the confidence breeds more confidence.
    0:37:16 For a long time, I assume that everybody was looking at the world the way I was.
    0:37:19 And I remember the very first time I started talking about funnels and showing people what
    0:37:21 was working and people were like, this is the coolest thing ever.
    0:37:22 I was like, don’t you guys all see this?
    0:37:27 A lot of times it’s hard because our superpower, because it’s common to us, we don’t realize
    0:37:30 that it’s the superpower until you share it with somebody else.
    0:37:32 And I think that’s one of the hard things too is just like we underestimate like our
    0:37:34 own value because it’s like, Oh, it’s just this is what I do.
    0:37:35 Of course.
    0:37:36 Can you guys all see this?
    0:37:37 No, we can’t.
    0:37:39 And you sharing that is what lights up the world for other people.
    0:37:40 And it’s pretty cool.
    0:37:41 Okay.
    0:37:43 So I want to talk about offer development.
    0:37:46 I want to talk about finding your target market and things like that.
    0:37:48 Starting with niches.
    0:37:50 What’s your guidance on niches?
    0:37:54 How can we make sure it’s not too much competition, but still has enough people?
    0:37:57 And it’s not like finding a needle in a haystack when we’re looking for our customers.
    0:37:59 Yeah, for sure.
    0:38:02 It’s funny cause I was getting these arguments with people cause ever, especially starting
    0:38:03 new people.
    0:38:04 I want to be able to target everybody.
    0:38:08 So they create these big offers that are so big and I’m like, the problem is like eventually
    0:38:09 you want to be broad market, right?
    0:38:10 Cause that’s what you can scale.
    0:38:14 But when you get broad market, you’re competing against people like me who can spend multiple
    0:38:15 million dollars a month in ads, right?
    0:38:19 So if you’re trying to get access to all entrepreneurs, that’s going to be really, really hard for
    0:38:22 you because you’re fighting against people like me who have huge budgets, right?
    0:38:25 And so if you want to beat me, it’s like, you can’t beat this huge thing.
    0:38:29 You have to start niching down and niching down, niching down until you find your sweet
    0:38:30 spot.
    0:38:31 But if you get too small, you’re right.
    0:38:35 Like there’s no, you know, for most people, you get a lot smaller than you think you can,
    0:38:36 right?
    0:38:37 I look at just even me and you.
    0:38:40 And obviously you’ve got a lot of facets of your business, but if you look like entrepreneurship
    0:38:43 and then from there, it’s in my mind, I’ll be like, it’s content creation and traffic
    0:38:44 generation.
    0:38:45 And then there it’s like podcasts.
    0:38:48 And then it’s like the way you do podcasts, like it’s four or five levels deep from like
    0:38:50 just pure entrepreneurship, right?
    0:38:54 To find your sweet spot where you’re dominating and you’re having so much success.
    0:38:58 Even me, it’s like, even though I’m targeting all entrepreneurs, but my message is not that
    0:39:01 I’m going down all entrepreneurs who want to make money online, who are trying to sell
    0:39:05 stuff online, who want to do it on a website, who want to do it through a sales funnel.
    0:39:07 Like it ends up being even a smaller market in there.
    0:39:10 And then inside sales funnels, there’s some markets like how to write copy inside sales
    0:39:11 funnels, how to do email.
    0:39:14 Like it keeps getting smaller and smaller, but it’s nice about is that the smaller you
    0:39:19 can get, the easier it is to actually find the people you were trying to target and it’s
    0:39:20 less expensive.
    0:39:23 Like right now, if I tried to buy a Super Bowl ad, the reason why I would never do that
    0:39:27 is because the Super Bowl ads going to seem like, who knows, 25 million, 100 million people
    0:39:32 are going to see it, but other 25 million people, there’s only maybe 20,000 that would
    0:39:33 want a funnel, right?
    0:39:36 And so if I do that, I’m wasting all that money on eyeballs.
    0:39:37 Same thing for most of us.
    0:39:40 Where if I know I’m going after Christian entrepreneurs or female Christian entrepreneurs
    0:39:45 who are mothers, like also now it’s very, very targeted and I can buy ads that just hit
    0:39:49 that target and I’m not wasting all this money on all the rest of the people, right?
    0:39:52 And then over time, and this I’m giving this comfort to those who are like, but I want
    0:39:53 to change the world.
    0:39:56 It’s like, cool, you’ll be able to, but you start niched and then you can start moving
    0:39:59 and getting broader and broader over time.
    0:40:01 When you can start reinvesting more money and you get more assets and things like that,
    0:40:03 you can start going bigger, right?
    0:40:07 That’s why I’m able to now go where I’m targeting most of the world with my message now is because
    0:40:11 we spent so much money mastering people who want to build funnels, then people who want
    0:40:14 to be experts, then people who want to drive traffic, and then we kind of started going
    0:40:17 up from there, but it gave me time to build a foundation.
    0:40:19 Yeah, that makes total sense.
    0:40:25 So basically you’re saying, niche down a bit so that you can target the exact person,
    0:40:28 make some money, and then the more money that you have, the more that you can compete with
    0:40:31 people who are going after these broader niches.
    0:40:38 So can you give us an example of what a good target sub-niche, I guess, is to put it into
    0:40:39 practice?
    0:40:40 Yeah, for sure.
    0:40:44 And one thing I would share with people just to think through is who’s the dream customer
    0:40:45 that you want to serve, right?
    0:40:49 And typically for most people, your dream customer is you five years ago, right?
    0:40:53 Especially if you’re coming as an influencer showing your face and the brand, the person’s
    0:40:55 going to be attracted to you is the person that you were five years ago.
    0:40:57 So that’s what I’m looking at specifically.
    0:41:00 So for me, if I look back five years ago in my business, or 10 years ago, whenever it
    0:41:03 was that I was trying to learn this stuff, right?
    0:41:04 Who was I?
    0:41:05 I was the person.
    0:41:07 So for example, like if I was to start with my business right now and I go back 10 years
    0:41:10 ago before I launched ClickFunnel, I was like, who would I target initially?
    0:41:11 Well, who was like 10 years ago?
    0:41:14 I was an athlete, a retired student athlete, right?
    0:41:17 So I had success as an athlete who wanted to be an entrepreneur.
    0:41:21 I was married, had young kids, and so I’d be like, hey, I want to target athletes who are
    0:41:24 entrepreneurial, who have young families who are trying to figure out how to support those
    0:41:28 families with their entrepreneur dream, but also at the same time, trying to change the
    0:41:29 world and try to share the message.
    0:41:31 Like that’s who I would try to target.
    0:41:33 And these are probably male athletes because that’s what I’m a male, right?
    0:41:34 So that’s what I would start at.
    0:41:39 One of my friends, Annie Grace, she is in the alcohol addiction market.
    0:41:41 And for her, it’s like, well, who was she?
    0:41:43 She was in corporate America.
    0:41:47 She was someone who was drinking because it was socially part of like her job description.
    0:41:48 She was flying around the world.
    0:41:51 She was expected to be at these parties and be drinking and she got an alcohol addiction
    0:41:52 because of that, right?
    0:41:56 And she struggled and then she over time figured out how to break this alcohol addiction.
    0:41:57 And anyway, she’s brilliant.
    0:42:01 If anyone’s got issues with that, study Annie Grace’s stuff, she’s amazing.
    0:42:04 But what’s fascinating about that is when she launched her message initially, who was
    0:42:05 she targeting?
    0:42:09 She was targeting people who are in corporate world, who travel, who are struggling with
    0:42:10 alcohol addiction.
    0:42:12 Like she was targeting her five years earlier, right?
    0:42:15 Exact demographic and profile, because she could speak to that so well, right?
    0:42:17 And that became who she launched her book to.
    0:42:18 She launched her movement.
    0:42:19 She got those people.
    0:42:22 And then over time, she’s able to like get case studies of people who came into a world
    0:42:26 who maybe they weren’t corporate, but someone had referred them and that was a mom who struggled
    0:42:28 or a husband who struggled or something.
    0:42:31 And then she’s able to take those case studies from these people and then launch it in the
    0:42:35 markets where it wasn’t her story, but it was their story and start getting in those markets
    0:42:36 and bringing them in.
    0:42:39 Now she’s changing the world, bringing in tons of people from around the world.
    0:42:43 But I’ll start with her niching down to basically exactly who she was five years earlier and
    0:42:47 targeting those people first because she could speak to them perfectly.
    0:42:48 This is actually such a great example.
    0:42:52 So she was targeting alcoholics and she’s in our network now, so I know a bit about
    0:42:53 her.
    0:42:56 Now she’s just doing breaking bad habits.
    0:43:02 So it went from alcohol to now she wants to just be the person that helps people break
    0:43:04 all addictions.
    0:43:08 What a great example of Anish and now she gets to broaden out because she’s more successful.
    0:43:14 She has more credibility, more money to spend on putting her self out there.
    0:43:15 Okay.
    0:43:17 So let’s talk about offer development.
    0:43:20 You talk about avoiding building a better mousetrap.
    0:43:21 So what does that mean?
    0:43:25 What should we be thinking about when we’re creating our offers?
    0:43:27 I mentioned earlier my mentor, Dan Kennedy.
    0:43:31 He taught me something back 15, 20 years ago when I first got started.
    0:43:33 And never did people talk about it because in the business world, in fact, I remember
    0:43:37 in college and classes, they taught like, “Okay, all you got to do is find someone’s product
    0:43:39 and you build a better mousetrap.”
    0:43:40 And what he said was really fascinating.
    0:43:43 He said, “If you look at the history and the evolution of offers throughout time,”
    0:43:44 right?
    0:43:48 So back 200 years ago, there were not tons of entrepreneurs doing stuff because it just
    0:43:49 wasn’t possible, right?
    0:43:53 So the businesses that built stuff, they were like the big, I don’t know, Sears and Carnegie
    0:43:55 and all these like big brands that made stuff, right?
    0:43:58 And so the first wave of entrepreneurs, what they would do is they would take something
    0:44:02 that somebody was selling, they would do the way entrepreneurs popped out where like,
    0:44:03 entrepreneurs would repair stuff.
    0:44:07 So the refrigerator broke, the washing machine broke, the sofa broke, and the entrepreneurs
    0:44:11 who they did repair, they would fix the things that the big corporate conglomerates were
    0:44:12 building, right?
    0:44:13 And that was the first phase.
    0:44:17 And then as the market starts shifting, people started getting, it was easier to start businesses
    0:44:20 than the next phase was this is where people started building a better mousetrap.
    0:44:23 Like, “Oh, you bought a fridge from Sears, I can give you one, that’s better.”
    0:44:25 Dan Kennedy called these improvement offers.
    0:44:28 So anytime you hear the word ER, I think that’s an improvement offer.
    0:44:32 So things better, faster, stronger, cheaper, like if there’s an ER, it’s an improvement
    0:44:33 offer.
    0:44:35 You’re taking something that’s already there and you’re trying to make a better version
    0:44:36 of it.
    0:44:40 And you can do that, like you can make money by making something that’s an improvement.
    0:44:43 But the problem with improvement is, especially if you’re selling like information products
    0:44:48 and things like that, if someone just tried the ketogenic diet and they failed at it and
    0:44:50 you come in, you’re like, “Hey, I’ve got a better way to do the ketogenic diet.”
    0:44:52 They’re like, “I just fell to this.”
    0:44:54 They look at that and it’s like, “This is a better way to fail.”
    0:44:57 Like, that’s how our subconscious mind looks at things like that.
    0:45:01 And so you’re coming in, you’re trying to show someone, “Here’s a better way to do something.”
    0:45:03 By default, it’s just, it makes it harder to sell something.
    0:45:07 So the third phase, it goes from repair to improvement to what Dan Kennedy calls a new
    0:45:08 opportunity.
    0:45:11 And so a new opportunity is basically looking at something saying, “Look, I know you’ve
    0:45:14 tried this in the past and you failed and it’s not your fault, it’s because of the system
    0:45:16 you were using was broken.
    0:45:19 I have something that’s a new opportunity, that’s different, that’s not a better way
    0:45:20 to do that.
    0:45:21 It’s a different way to do that.”
    0:45:25 And I think about like some of the great inventions of all time, like Steve Jobs when, you know,
    0:45:28 this is when musically out that people at CDs and stuff and he could have came out and
    0:45:31 said, “Hey guys, I figured out a better way to do CDs.
    0:45:33 Now you see these don’t hold 10 songs, it holds 100 songs.”
    0:45:34 But he did that.
    0:45:37 He stood there in front of the entire world and said, “Look, this is how you carried your
    0:45:39 musically past CDs, but we’re getting rid of CDs.
    0:45:40 I’m throwing them out the door.
    0:45:42 This is a broken system and I have a new opportunity.”
    0:45:45 And boom, he pulls out the iPod, a thousand songs in your pocket.
    0:45:49 It wasn’t a better way to do CDs, it was a new opportunity, a new thing.
    0:45:50 And that’s like, you know, boom, takes off.
    0:45:51 Same thing with the phone.
    0:45:53 When he came out with the iPhone, it wasn’t like, “Here’s a better way to do a phone.”
    0:45:57 He’s like, “The phone is broken, here’s the new opportunity.”
    0:46:00 When we launched ClickFunnels, the same thing, like there were a lot of website building
    0:46:01 platforms at the time.
    0:46:03 There were platforms in the email marketing, there were platforms in the CRMs.
    0:46:07 And if I were to came and say, “Hey, I have a better CRM, I have a better thing,” like
    0:46:10 now we’re fighting on features and stuff instead of like, “No, no, no.”
    0:46:12 We have something that’s completely different than you guys ever thought about.
    0:46:15 We have a platform that builds this new thing called Funnels.
    0:46:19 It’s a new opportunity, which is why I think it took off 10 years ago as fast as it did
    0:46:20 because we introduced a new opportunity.
    0:46:24 So it’s looking at how to position what you’re selling differently.
    0:46:28 In fact, every time I watch an entrepreneur try to pitch their product, I’m partaking
    0:46:29 them.
    0:46:32 If they say the word better or stronger or the ER, I’m like, “You’re positioning it
    0:46:33 wrong.”
    0:46:37 Oh, is that where the ER comes from that you were saying that’s an ER offer?
    0:46:38 I didn’t get that.
    0:46:39 Got it.
    0:46:40 Yeah.
    0:46:41 So I was like, “Yeah, it’s kind of like this one.
    0:46:42 It’s better.”
    0:46:43 It’s like, “No, no, no.
    0:46:44 Don’t say it’s better.”
    0:46:45 That’s broken.
    0:46:46 The way you do that was not working.
    0:46:47 Here’s the new opportunity, right?
    0:46:48 And it’s how you position everything.
    0:46:49 So that’s what a new opportunity is.
    0:46:53 And if you can figure out how to position your offer as a new opportunity and not an improvement,
    0:46:58 it’ll skyrocket yourselves because it takes the stress off of the person’s back and shows
    0:47:00 that it wasn’t their fault that they failed this way.
    0:47:01 We’re not trying to make a better failure.
    0:47:03 We’re giving them this new opportunity.
    0:47:04 Okay.
    0:47:09 So related to new opportunities, why is status and leveraging status really important to
    0:47:11 do a good job with that?
    0:47:12 It’s fascinating.
    0:47:15 In fact, I bet most listeners will argue with me on this or they won’t believe it’s
    0:47:19 true for themselves, but I promise you it is.
    0:47:22 Everything we do or we don’t do in life, if you do something, it’s going to increase
    0:47:23 your status or it’s going to decrease your status.
    0:47:27 So we do things because we hope it’s going to increase our status or we don’t do things
    0:47:30 because we’re a fear that it’s going to decrease our status, right?
    0:47:33 So for example, somebody sees a nice car and like, I want to buy a Ferrari and the reason
    0:47:37 why I want to buy the Ferrari is because if I buy this thing, it’ll increase my status.
    0:47:39 My people around me will think that I’m better.
    0:47:41 That’s what drives us to want to buy something, right?
    0:47:44 If I’m going to buy a course from somebody, there’s two weird things, right?
    0:47:47 If I buy something from you, I’m taking money out of my bank account and giving it to you.
    0:47:51 So what happens to me is my status is decreased because I’m losing money, but I have a hope
    0:47:55 that by giving you this money, it’s going to increase my status by the result you’re
    0:47:56 giving me, right?
    0:47:58 And so they’re always waiting like, “Ah, if I give you this, it’s going to decrease
    0:48:01 my status temporarily, but by doing so, I will learn, I’ll figure out how to do this
    0:48:02 thing which will increase my status.
    0:48:04 Therefore, I’m willing to take that risk.”
    0:48:06 So whenever I show these people, I always laugh because they’re like, “Well, I’m not
    0:48:07 that way.
    0:48:09 I don’t do things based on my status.”
    0:48:11 And I actually had this conversation with my wife and I was writing expert secrets.
    0:48:14 I had a whole chapter on status and I asked her.
    0:48:16 I was reading this to her and she was like, “I don’t look at it that same way.”
    0:48:17 I’m like, “What do you mean?”
    0:48:18 She’s like, “I would never buy a Ferrari.
    0:48:19 I would never do it.”
    0:48:20 I’m like, “Why not?”
    0:48:25 She’s like, “My friends would make fun of me.”
    0:48:28 I kind of stopped and I said, “So by you buying a Ferrari, for you, it would have actually
    0:48:31 been a decrease in status because your friends and people with a pickup line would have made
    0:48:32 fun of you, right?”
    0:48:33 She’s like, “Oh.”
    0:48:36 I was like, “Yes, all the choices we’re making is based on this weird thing of like, if I
    0:48:39 do this, it’s going to increase my status or decrease my status.”
    0:48:43 And so when I’m selling something or I’m making an offer to somebody, I’m always thinking
    0:48:44 about that.
    0:48:46 Like, by them giving me money, it’s going to decrease their status, but I have to help
    0:48:49 them see the vision of like, over time, this will actually increase their status if they
    0:48:50 buy this thing.
    0:48:52 And status could be they’re going to make more money.
    0:48:54 They’re going to lose more weight.
    0:48:55 Whatever that thing is they’re trying to get, right?
    0:49:00 And if they believe that the increase in the status will offset the decrease by paying you,
    0:49:01 then they’re more likely to buy the thing.
    0:49:02 And the same thing is true now.
    0:49:07 When you come back to like, the new opportunity versus an improvement offer, an improvement
    0:49:13 offer by default, if I am going to try another keto diet that I failed on three times, but
    0:49:16 you got a better one, like, is the status decreased, right?
    0:49:19 Versus, hey, that thing in the past that you tried that failed, that was not your fault,
    0:49:20 right?
    0:49:21 I’m increasing their status.
    0:49:22 Like, that was not your fault.
    0:49:23 What they sold you is incorrectly.
    0:49:24 It wasn’t a good thing.
    0:49:25 But this is the new opportunity.
    0:49:27 It’s like, oh my gosh, this is something that’s going to increase my status.
    0:49:30 It’s not going to be like another failure, another thing I tried in the past, right?
    0:49:31 It shifts it for them.
    0:49:35 So status is an interesting one that’s hard for a lot of people to believe it dictates
    0:49:37 your choices, but 100% it is.
    0:49:40 From everything I think about like the people we date, the people we marry, the clothes we
    0:49:44 wear, all these things have to do with how we perceive it’s going to increase or decrease
    0:49:45 our status.
    0:49:46 It’s kind of fascinating.
    0:49:51 We’ll be right back after a quick break from our sponsors.
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    0:54:15 One more question and then I want to stick on webinars because I know we don’t have
    0:54:18 a lot of time and I definitely want to talk about webinars.
    0:54:24 And this is insider information because I’ve been trying to get you to do ads on YouTube
    0:54:28 and you won’t let me and you’re obsessed with growing your YouTube channel.
    0:54:32 So talk to us about why you are so focused on YouTube.
    0:54:36 What have you been learning this year because your YouTube has like 300,000 some followers
    0:54:37 you’re doing like really well.
    0:54:40 So just quickly, what have you been learning?
    0:54:41 Why are you so bullish on YouTube?
    0:54:42 Yeah.
    0:54:45 I don’t think we’ve cracked the code on YouTube yet.
    0:54:47 We’re very particular to try to figure it out and try to master it.
    0:54:51 I think the big reason why is every other advertising platform, think about this.
    0:54:55 We create content and then it disappears in the feed.
    0:54:56 We put forth the effort and it disappears.
    0:55:00 For me, I don’t know about you, but ROI is one of my highest values, my highest drive.
    0:55:01 What’s the ROI of me doing?
    0:55:05 If I’m going to spend an hour recording this video or this thing, what’s the long-term
    0:55:06 ROI?
    0:55:07 And most things again, it goes in the feed and it disappears.
    0:55:09 It goes in the, you know, it disappears.
    0:55:12 YouTube is the only one where you post the video and over time it actually grows.
    0:55:15 Like I have videos I did five or six years ago that still get thousands of views every
    0:55:18 single month from something I did five years ago, right?
    0:55:20 And so for me, that’s the big part of it.
    0:55:24 And the second part is I feel like YouTube is becoming, I’m careful tip of telling you
    0:55:25 guys, I love all the platforms.
    0:55:26 I love podcasting.
    0:55:27 I love Instagram.
    0:55:28 I love everything.
    0:55:34 But I look at YouTube right now as I think one of the best spots to put long-form content.
    0:55:37 Our best buyers come from podcasts because there’s someone spending an hour with you
    0:55:38 in their ears, hearing you talk.
    0:55:43 It builds a different relationship than a short form reel or Instagram, you know, YouTube’s
    0:55:44 the same way.
    0:55:47 If someone spends an hour with you or 45 minutes on a video, it builds such a better connection.
    0:55:51 And people who will spend an hour here on video are more likely to invest, to come to
    0:55:52 your events, to buy your other things.
    0:55:56 So what we’re seeing right now is the people who are coming from YouTube are, YouTube is
    0:56:00 actually honestly long form podcasts, like the two long form styles of content.
    0:56:03 Those are the people that become the best buyers for silver time.
    0:56:05 Now YouTube algorithm is goofy though.
    0:56:10 So we’re really focusing on trying to create videos in a way where our personal goal internally
    0:56:12 here within next year, I want to make it where every video I put out gets a hundred thousand
    0:56:13 views.
    0:56:14 We’re not there yet.
    0:56:15 We have every once in a while that pops off and gets it.
    0:56:18 But YouTube, like you have to understand the algorithm, the content, how to pull people
    0:56:22 through and like it’s a lot more you wants to get a video to get to a hundred thousand
    0:56:26 views consistently than like, for example, our podcast, our podcast, we have our followers,
    0:56:30 we post the podcast, people listen to it and for us, it’s growing the following.
    0:56:32 And then it kind of works.
    0:56:35 Whereas YouTube, it’s definitely it’s more finicky because the algorithm demands something
    0:56:36 very, very specific.
    0:56:37 And it’s also momentum.
    0:56:40 So if one video hits and then the next video hits, it keeps growing.
    0:56:44 Whereas if you have a video hit, then one drops, the momentum goes downwards and it takes
    0:56:45 three or four videos to get it back up.
    0:56:49 And so it’s just, it’s just a little more finicky what we’re finding so far.
    0:56:52 But again, we haven’t mastered it yet, but that is one of our big goals this year is
    0:56:56 to master it so we can get spot where every video we put out there has a hundred thousand
    0:56:57 views or more.
    0:56:59 And then from there, it’s like, man, if I’m doing that, we’re getting an extra million
    0:57:01 views a month across our content.
    0:57:03 How does that affect everything else in our brand?
    0:57:04 Which is obviously really, really big.
    0:57:05 Yeah.
    0:57:08 And it’s basically the start of a funnel most of the time, right?
    0:57:12 So instead of paying for ads, you’re getting all this organic traffic through YouTube.
    0:57:13 Oh yeah.
    0:57:15 And I get a similar thousand views on paying for the ads.
    0:57:19 I mean, it’s costing me, who knows, 10, 20, $30,000, where I’m getting that for free.
    0:57:23 I guess it’s worth putting in the time to figure out how to master the algorithm.
    0:57:24 Okay.
    0:57:29 So something we’ve both been really interested in is webinars.
    0:57:31 I’ve been doing webinars for the last couple of years.
    0:57:35 I love webinars because I feel like it helps me really build super fans.
    0:57:40 It’s really effective for selling, but I feel like having this two-way communication, people
    0:57:45 really start to get bought into the idea of me and really start to support me 10X.
    0:57:48 So why do you love webinars?
    0:57:52 I’m obsessed with webinars mostly because for me, it’s the, again, first off, I agree
    0:57:55 with what you said about connection, building a relationship to audience.
    0:57:58 It’s also the fastest way to take somebody who’s really cold and has no idea who you
    0:58:02 are, warm them up, build trust, and then get them to buy an offer.
    0:58:05 When we launched ClickFunnels, again, I’m trying to like, how do I grow this company
    0:58:06 as fast as I can?
    0:58:07 And we did it 100% through webinars.
    0:58:10 I created one webinar presentation.
    0:58:12 I have a script called the perfect webinar that kind of shows how I do it.
    0:58:14 I had one webinar presentation.
    0:58:15 We launched it, it converted it.
    0:58:16 And so I did that webinar.
    0:58:19 And if you read my book, expert secret, I tell people like you need to do a live webinar
    0:58:23 every single week until you master that one presentation, same presentation, weekend and
    0:58:25 week out until you’ve mastered the presentation.
    0:58:30 So for me, when I launched ClickFunnels, I did the exact same webinar 70 times in a row.
    0:58:31 Sometimes it was three or four times a week.
    0:58:34 Sometimes I did two or three in a day and I have a new audience.
    0:58:37 I give the webinar presentation and again, it takes a freezing cold person that has no
    0:58:38 idea who I am.
    0:58:41 They come in, they spent 90 minutes with me and the end of it, they’re buying a $1,000
    0:58:44 or $2,000 course that fast and now I can serve them.
    0:58:48 Whereas every other funnel, every other way to sell and get people, it takes longer to
    0:58:49 do that.
    0:58:51 Where I think a webinar is the fastest way to take somebody from, we don’t have relationship
    0:58:55 to like, man, we’re best friends and we’re going to go on this journey together.
    0:58:58 And so that’s why I’m mildly obsessed and why I still do them all the time.
    0:59:00 I’ve seen people all the time like, oh, webinars are dead.
    0:59:03 I was like, they are not dead.
    0:59:04 They are far from it.
    0:59:05 They’re also so fun.
    0:59:10 I love creating my webinars, optimizing my webinars.
    0:59:14 What kind of things work well to sell on a webinar and what doesn’t, is there a certain
    0:59:17 price point where it doesn’t work or can you give any advice on that?
    0:59:21 I have a $10,000 offer I sell on the webinar and it works, but it’s harder.
    0:59:23 Like the more expensive, the better you have to get, right?
    0:59:29 And so for most people, I think the sweet spot for webinars is like $297 up to like $2,000.
    0:59:33 It’s kind of the sweet spot where a 90 minute presentation can get somebody to warm up enough
    0:59:36 where they feel comfortable like parting with that much money.
    0:59:39 So that’s kind of the sweet spot in the pricing.
    0:59:43 For us, we sell a year where a quick funnel is on a webinar for like $1,000 and then they
    0:59:46 get it for free for a year or for six months and after that starts billing them.
    0:59:49 So you can sell memberships and continuity programs through webinars as well.
    0:59:50 It works really effectively.
    0:59:53 I just like, if I have some of the attention for 90 minutes, I’ll usually again bundle
    0:59:54 it together.
    0:59:58 So they’re getting five or six months for free for a higher price than put people into
    0:59:59 it.
    1:00:00 But yeah, I think that’s kind of the price.
    1:00:03 When he gets above that, I’ll still do webinars a lot of times, but the webinar will traditionally
    1:00:06 push them to a sales call or a discovery call.
    1:00:08 That way I still have the time to build the relationship with them and they can push them
    1:00:10 there to do the higher transactions if we need to.
    1:00:11 Yeah.
    1:00:16 Something I want to point out to my listeners is the webinars is this two-way communication.
    1:00:19 They’re seeing you like, let’s say on a paid ad or a social media posts.
    1:00:22 Social media, they’re warmer, paid ad, totally cold.
    1:00:25 You bring them on a webinar, you’re warming them up, you’re getting two-way communication.
    1:00:29 If it’s super high ticket, you then want to bring them on a call, you can’t get any warmer
    1:00:30 than that, right?
    1:00:31 Like being on a call with somebody.
    1:00:36 So you’re just like warming them up and the more expensive it is, the more you need personal
    1:00:38 connection and talking with people.
    1:00:43 But webinars are awesome because you can get that personal connection in mass and it saves
    1:00:44 you a lot of time.
    1:00:45 Okay.
    1:00:48 So let’s talk about the intro of a webinar, what are some things we should think about?
    1:00:49 A couple of things.
    1:00:51 Obviously, someone’s registering for this webinar.
    1:00:54 Most people are very unsure, like, why am I here?
    1:00:55 How long is it going to be?
    1:00:56 All those kind of things, right?
    1:00:57 So when I look at like, what’s the hook on my landing page?
    1:01:00 So the hook is like, hey, I’m going to teach you guys how to blah, blah, blah, blah, whatever.
    1:01:04 The first thing webinar starts, I wanted to tell them, like, Hey, you’re in the right
    1:01:05 spot.
    1:01:06 You guys registered for the webinar and teach you this.
    1:01:07 How many guys are excited?
    1:01:08 And I try to start creating interaction immediately, right?
    1:01:11 I want people commenting that you said two-way communication, right?
    1:01:12 I’m getting them participating.
    1:01:13 Like, Hey, how’s it going?
    1:01:14 Like this is what we’re talking about.
    1:01:15 How many guys are excited about that?
    1:01:16 I go back and forth.
    1:01:19 And then afterwards in people’s heads, they’re still trying to figure out, like, is this for
    1:01:20 me?
    1:01:22 And the first three or four minutes, five minutes of a webinar, this is where you get the biggest
    1:01:23 drop off.
    1:01:24 People show up like, Oh, this is not for me.
    1:01:27 So during that time, I’m trying to like show them this is for you.
    1:01:30 So usually after I kind of reintroduce the title of the webinar and get excited, get
    1:01:34 them rehyped about what they registered for initially, then I’m going back and say, Okay.
    1:01:36 Now I want to make sure you guys know you’re in the right space.
    1:01:39 A lot of times I’ll do a survey before a webinar, trying to figure out where people are at.
    1:01:43 You don’t have to, you can do it without a survey, but I’ll ask them with K. How many
    1:01:44 guys are brand new beginners?
    1:01:47 Is this your first time ever thinking about this, that you raise your hand right now in
    1:01:50 the comments or say, yes, they’re like, yes, yes, cool.
    1:01:52 If you’re a brand new beginner, this is going to be great for you because I’m going to show
    1:01:55 you exactly how to get started and how to have success very, very quickly.
    1:01:56 Okay.
    1:01:58 So how many guys you’ve had some success, if you’re kind of struggling, how many guys
    1:01:59 are in that, in that camp?
    1:02:00 Right?
    1:02:02 If that’s you type number two in the comments, right?
    1:02:03 And they got all these twos.
    1:02:04 Cool.
    1:02:05 That’s you.
    1:02:06 During this presentation, I’m going to show you guys if you’ve got started, how to take
    1:02:09 that actually have more success and start growing and scaling it.
    1:02:10 Then how many guys are super successful?
    1:02:13 You’re trying to figure out a hack to get the next level, putting three in the comments,
    1:02:14 right?
    1:02:16 So I’m showing like, if you’re a beginner, this works for you.
    1:02:17 If you’re intermediate works for you.
    1:02:20 If you’re advanced, it works for you because otherwise they’re like, oh, this is kind of
    1:02:21 a newbie thing.
    1:02:22 I’m out or all this is too advanced.
    1:02:23 I’m out.
    1:02:26 So like, it doesn’t matter who you are, this is going to be a good fit for them.
    1:02:27 Right?
    1:02:28 So I’m kind of bringing them in through there.
    1:02:31 And again, for me, I mean, there’s a lot of little things I do, but the key part is
    1:02:34 just trying to build that relationship, getting engagement with them ahead of time.
    1:02:38 So that now I can go into the presentation, I can tell the story and they’re like, they’re
    1:02:39 all bought in there.
    1:02:40 They’re excited about it.
    1:02:42 And so yeah, those are some of the core things to do at Nickering.
    1:02:46 I know that having an epiphany story is really important for your business.
    1:02:49 Is this something that you also do on a webinar?
    1:02:50 The epiphany bridge.
    1:02:53 I’ve teached like whole classes on epiphany bridge, basically epiphany bridge is like,
    1:02:57 what is the story about how you got introduced to the thing that you’re going to be sharing
    1:02:58 during the presentation?
    1:02:59 Right?
    1:03:02 So if you’re in your presentation showing how someone’s going to start their own podcast,
    1:03:03 right?
    1:03:06 Then the first 15 minutes of my presentation is when I’m telling the story about how I
    1:03:09 discovered this new opportunity I’m about to reveal to them, right?
    1:03:12 So the webinar is all tied around the new opportunity that we talked about earlier.
    1:03:15 So I’m going to tell this epiphany bridge story like, here’s a story how I discovered
    1:03:16 this thing.
    1:03:18 I was just like you five years ago, I went through this thing and you’re telling the story
    1:03:21 that you went on and how you discovered this thing, right?
    1:03:24 I always tell people like, when someone’s coming to your webinar, they’re looking for
    1:03:25 a result, right?
    1:03:27 When they’re buying a product, they’re looking for a result.
    1:03:31 And typically when they come to you, this is not the first time they’ve tried to figure
    1:03:32 out that result, right?
    1:03:36 So an example, I bought a company last year, a women’s weight loss company.
    1:03:39 And I remember the owner, I bought a firm where she told me, she said that the average
    1:03:42 woman in America goes on eight diets a year.
    1:03:43 Eight.
    1:03:44 Wow.
    1:03:45 Is that crazy?
    1:03:47 When you look at that, like if I assume that someone’s coming to my webinar and they’ve
    1:03:50 never thought about having been on a diet before, I’m dumb, right?
    1:03:54 They come to mind thinking they never thought about a funnel before I’m wrong, right?
    1:03:57 So I have to show them like, what is my new opportunity that’s different?
    1:04:00 Like they’ve tried eight diets this year to lose weight, none of them worked.
    1:04:02 Why is my new opportunity different than these?
    1:04:03 Like why is it different?
    1:04:04 Right?
    1:04:06 So I’m going to tell my story about like, Hey, I was just like you five years ago.
    1:04:09 I tried the paleo diet, the keto diet, the, the, the, the, the, I try these things.
    1:04:11 I had little successes and I crashed and burned a little.
    1:04:12 How many of you have done it before?
    1:04:13 You tried the same thing, right?
    1:04:14 Yeah.
    1:04:15 I had the same problem.
    1:04:18 I went on this journey and I found out something was completely different than what anybody
    1:04:19 was talking about online.
    1:04:22 And it was this process called blah, blah, blah, whatever your process is, right?
    1:04:23 And this is right.
    1:04:26 And I tell that whole story, how I discovered it, what it looked like, and then the result
    1:04:28 I ended up getting because of it.
    1:04:31 And then basically I tell people then like, I, I went through and I figured out a map.
    1:04:34 I have this map and I’m going to teach you on the rest of the webinars, this map and
    1:04:36 how you can use it to have the same result I had.
    1:04:37 Are you guys ready for that?
    1:04:38 And they get all excited.
    1:04:41 And then from there, I transitioned to the actual teaching part of the presentation.
    1:04:42 Amazing.
    1:04:46 Please, very quickly, just explain the teaching part.
    1:04:48 What should we not include in there?
    1:04:49 What should we include high level?
    1:04:52 And then we’ll close up the interview.
    1:04:55 This is actually my favorite part because this is where most people get it wrong.
    1:04:57 A lot of people think, I’m just going to teach whatever I want and then I’ll sell them at
    1:04:58 the end.
    1:05:01 You can do that, but the teaching is the most important.
    1:05:04 If you do the teaching part correctly, then people will buy what you have at the end of
    1:05:05 your presentation.
    1:05:09 So a couple of things, number one is your job is not to teach them how to do everything.
    1:05:12 If you do that, like you’re not going to serve the person, right?
    1:05:15 My job is to inspire them to this map that I have is the thing that’s actually going
    1:05:17 to get them the result, right?
    1:05:18 So I do that.
    1:05:20 For me, I break down my teaching to three sections.
    1:05:23 My first section is I’m teaching them the framework for how to do the thing.
    1:05:26 Number two is I’m teaching them that they could actually do that.
    1:05:29 And I’m showing that a third thing is like teaching them that like there’s nothing else
    1:05:31 that can hold them back from being successful, right?
    1:05:35 So I’m going to have three teaching points I go through when I’m doing that presentation.
    1:05:40 And the key here is when I’m teaching, I’m teaching them the what, but not the how.
    1:05:41 That makes sense.
    1:05:43 I’m teaching them what to do, but not how to do it.
    1:05:45 So what is the strategy?
    1:05:46 How is the tactics?
    1:05:47 Okay.
    1:05:50 So I think about this, like when I do my webinar teaching people about building a funnels,
    1:05:51 I’m going to teach them the strategy.
    1:05:54 So I make step number one, you can go find a funnel that’s already converting step number
    1:05:56 two, then is you’re going to funnel hack it.
    1:05:58 You’re going to buy their products and see what does the funnel actually look like step
    1:05:59 number three.
    1:06:00 You’re going to sketch out what the funnel looks like.
    1:06:02 And step number four, you’re going to click funnels and actually build it out.
    1:06:04 So that’s the what they’re going to do, right?
    1:06:06 I’m showing them the strategy of it.
    1:06:10 Now the how is like, I log into click funnels, I click on this button that I’m going to click
    1:06:11 over here.
    1:06:12 I’m going to show you the product here.
    1:06:14 Then I’m going to write the copy here that you’re like, it’s all the tactics to take
    1:06:16 a long time to actually show somebody.
    1:06:20 And so what people have to understand is that you’re teaching them the what during the presentation,
    1:06:24 but they’re buying from you the how that’s the big differentiator.
    1:06:26 So people have a webinar that’s not working.
    1:06:29 The reason why it usually doesn’t work is because they’re teaching the what and the
    1:06:30 how.
    1:06:32 And in their mind, they’re like, I’m serving this person, I’m helping them show them everything
    1:06:33 they need.
    1:06:37 But then it’s impossible in 90 minutes to give somebody all of the tactics and need to be
    1:06:38 successful.
    1:06:39 So you’re not actually serving him.
    1:06:40 You’re giving him half stuff.
    1:06:43 And number two, it just overwhelms them and they don’t buy.
    1:06:46 But us as educators, like, I want to give them everything, but you can’t actually empower
    1:06:47 people to have success.
    1:06:51 So we teach them the what and then the offer is the how where we can take them out of the
    1:06:54 webinar situation and we can show them through a course or a training or a mastermind how
    1:06:57 to actually implement everything that they just learned about.
    1:07:02 And that’s the key to really making stories work during the content side of the training.
    1:07:03 Yeah, see your point.
    1:07:07 The number one mistake I’ve made with webinars is just teaching too much.
    1:07:08 And then people are like, well, I already learned enough.
    1:07:11 I’m just going to have to implement what you taught me on this webinar.
    1:07:13 No need to go buy her course, right?
    1:07:14 Yeah.
    1:07:15 So really good.
    1:07:19 In terms of conversion, really quick, what’s a good registration attendance rate?
    1:07:20 What’s a good conversion rate?
    1:07:22 What are our benchmarks?
    1:07:23 Great question.
    1:07:24 Great question.
    1:07:27 So first off, if you’re emailing your own list, the numbers always are skewed very positive.
    1:07:30 So that’s a problem a lot of people have is they email their list, like my conversions
    1:07:33 are great and they try to buy ads and then it doesn’t work, right?
    1:07:36 So I don’t judge like whatever my email list does, like that’s just free money.
    1:07:37 I don’t judge that.
    1:07:39 I don’t judge like if I’m actually buying paid ads.
    1:07:43 So the numbers and again, it’s going to be different market by market, but registrations
    1:07:47 I want registration rates on the page between like 30% and 50%.
    1:07:49 Like that’s kind of the sweet spot in there.
    1:07:50 Show up rate.
    1:07:52 I want it to be the lowest 20% usually around 30%.
    1:07:56 That’s the sweet spot between 30% that was somebody’s on the webinar.
    1:07:59 When I transitioned from my teaching to my selling, I was looking to see how many people
    1:08:01 are on the line right there.
    1:08:04 So let’s say I get that spot and there’s a hundred people that are still on, I’m transitioning
    1:08:05 to my pitch.
    1:08:09 If you can get 5% of the people to close, that’s usually ends up being like a six figure
    1:08:10 year webinar.
    1:08:14 If you run that very often, if you get 10%, that’s usually a multi-million dollar webinar
    1:08:15 and you get 15%.
    1:08:18 That’s where the click phones webinar was when we first launched it, which took us to,
    1:08:21 we just passed a billion dollars in sales in the last 10 years.
    1:08:25 So 5% is like a really good webinar, 7% like you should be celebrating, having a party,
    1:08:29 like it’s time to go buy a new house, 15%, it’s like you can do whatever you want.
    1:08:31 So that’s kind of the numbers we’re looking for.
    1:08:32 Love that.
    1:08:33 Such good information.
    1:08:34 So helpful.
    1:08:37 On my show, it’s a couple of questions.
    1:08:42 The first one is what is one actionable thing our young and profitors can do today to become
    1:08:44 more profitable tomorrow?
    1:08:45 Very cool.
    1:08:49 The number one thing I would do, like you mentioned earlier, figuring out the skills
    1:08:51 that you want to do and then becoming obsessed.
    1:08:56 I decide like this is my career, this is my thing, I’m going to become mildly obsessed
    1:09:00 and go deep on this thing because nowadays we don’t pay for people who are jacks of all
    1:09:03 trade, we pay for people who are really good at one thing and can go really, really deep
    1:09:04 in the lane.
    1:09:07 If you become a master of that, you can write your own paycheck for the rest of your life.
    1:09:08 Love it.
    1:09:09 And what is your secret to profiting in life?
    1:09:13 And this can go beyond marketing, whatever you think, what is your secret to profiting
    1:09:14 in life?
    1:09:15 Oh, cool.
    1:09:18 I have a philosophy I’ve been thinking about a lot over the last year.
    1:09:22 So it’s true like all areas of life, there’s things that we produce and things we consume,
    1:09:23 right?
    1:09:24 I just think about like weight loss, right?
    1:09:28 Like if somebody is consuming more calories than they are burning, they gain weight, right?
    1:09:31 And so are you consuming more than you are producing?
    1:09:35 In business or, you know, in your life, if you are consuming, so you’re spending more
    1:09:39 money than you are producing, then you go bankrupt, you lose your money, right?
    1:09:42 Success in life in almost every area, look at my relationships, my business, my health
    1:09:43 and everything.
    1:09:45 I’ve got to be producing more than I’m consuming.
    1:09:49 The difference between there’s how you’re successful, like in business, if you are producing
    1:09:52 more value than you are consuming, then your bank account grows.
    1:09:56 If I am producing more calories than I’m consuming, I lose weight, right?
    1:10:00 If I’m producing a better relationship value with my wife or my customers, whatever that
    1:10:02 I am consuming, then we have a great relationship.
    1:10:04 And so it’s coming down to that, like we need to be producers.
    1:10:05 I have a big model.
    1:10:08 We call our people prime movers, like we are the producers of society.
    1:10:10 We got to be producing at a higher level when consuming.
    1:10:12 And that’s how you change everything.
    1:10:15 It’s when you flip around, you’re consuming more than you’re producing, you’re taking
    1:10:17 more than you’re giving in all areas of life.
    1:10:21 That’s where you gain weight, you lose relationships, your business goes bankrupt.
    1:10:24 And so it’s learning how do I become a producer who can produce more I consume.
    1:10:27 And that’s like, that’s the secret sauce to how you be successful in all areas of life.
    1:10:28 I love that.
    1:10:30 It’s such a unique answer.
    1:10:33 I’ve never heard before and it was just so awesome.
    1:10:34 So thank you so much.
    1:10:38 I feel like all of my listeners are going to want to follow you and learn more about
    1:10:39 you.
    1:10:41 Tell them about the marketing secrets show.
    1:10:44 Tell them where they can find you, where you want to point them to.
    1:10:47 Obviously the marketing secrets podcast, that’s the podcast I do with you inside your network.
    1:10:50 I’m going twice a week right now teaching the best marketing strategies and tips and things
    1:10:52 we’re figuring out, having a ton of fun with it.
    1:10:55 So if you want to subscribe to the podcast, that’d be awesome.
    1:10:58 And then if you want to learn the webinar selling side of things that you’re talking
    1:11:01 about, I do an event once a month, this live event is so much fun.
    1:11:02 It’s a three event.
    1:11:05 It’s called selling online where I teach people how we sell online, how we tell stories,
    1:11:09 how we rewrite thoughts, beliefs and people’s subconscious minds during presentations.
    1:11:12 And so the best place if you go to that event, sellingonline.com and register, you have a
    1:11:16 chance to sit with me for three days and go deep on psychology and selling and how to
    1:11:18 get people to buy the products and services you create.
    1:11:21 So that’s probably the two best places to get a hold of me.
    1:11:22 Amazing.
    1:11:25 And Russell, can you promise me to come on the show at least once a year?
    1:11:26 Done.
    1:11:27 You have my word.
    1:11:28 Thank you.
    1:11:29 Awesome.
    1:11:30 Thank you so much, Russell.
    1:11:31 I really enjoyed this conversation.
    1:11:32 Thank you.
    1:11:33 It was awesome.
    1:11:34 Make it out.
    1:11:35 Wow.
    1:11:45 I mean, that was value bomb after value bomb after value bomb dropped by the OG marketer
    1:11:49 Russell Brunson, the legend.
    1:11:50 He’s incredible.
    1:11:55 I mean, it was so fun to see his superpower funnel skills in action.
    1:11:59 And I loved how obsessed he is with sales funnels.
    1:12:04 And I really got to enjoy getting a glimpse of the art and science that goes into creating
    1:12:06 an effective funnel.
    1:12:11 Like I just love that he like studies other people’s funnels and works backwards to figure
    1:12:12 out their funnels.
    1:12:17 And bottom line, it’s all about the hook, story and offer.
    1:12:21 And sometimes it’s just the slightest tweaks that could unlock an entire funnel and make
    1:12:24 it super successful.
    1:12:28 Finding the buried treasure as Russell puts it, how can you tweak something that’s going
    1:12:32 to make somebody do the decision that you want them to do?
    1:12:33 It’s so fun.
    1:12:35 Marketing is just so fun.
    1:12:40 I also found his concept of an epiphany bridge to be really compelling, whether you’re building
    1:12:43 a funnel to a webinar or something else.
    1:12:49 Take the time to tell the story of how you yourself discovered the opportunity that you’re
    1:12:51 about to share with your audience.
    1:12:55 Russell had so many great insights and here are just a few more of my favorites.
    1:13:01 First, you have to drill down to find the sweet spot when it comes to your market niche.
    1:13:04 Don’t try to just serve everyone all at once.
    1:13:06 You can’t compete with the big boys.
    1:13:08 They’re going to beat you every time.
    1:13:13 So you got to drill down a couple notches and be more specific.
    1:13:20 Next, try to figure out a way to position your offer as a new opportunity and not just an
    1:13:23 improvement on an existing product or service.
    1:13:27 Also, if you’re not on YouTube already, don’t sleep on YouTube.
    1:13:33 I think of YouTube as sort of like social posts for Google search because they rank
    1:13:40 super high and they can actually go viral and I just feel like that’s what it is.
    1:13:45 It is basically social posts for Google search and the web.
    1:13:49 YouTube is such a powerful platform for building a relationship with your audience and it
    1:13:52 lets you build momentum like no other place.
    1:13:54 It’s basically like free ads.
    1:13:57 You basically put out videos that are free ads.
    1:14:01 Now it’s not to say that YouTube is easy because that’s certainly not true.
    1:14:07 But once you crack the YouTube code, I just feel like the amount of brain awareness and
    1:14:13 revenue and just the flywheel effect of YouTube is just so enormous.
    1:14:19 Finally, if you’re shy or introverted and hesitant to put yourself out on a place like
    1:14:22 YouTube, just start to practice.
    1:14:23 Take out your phone.
    1:14:28 Practice until you feel comfortable and take the time to drill down and become an expert
    1:14:31 on whatever you’re talking about.
    1:14:37 Nothing breeds confidence like just flat out knowing your stuff inside and out.
    1:14:44 When somebody asks me about LinkedIn, podcasts, social media, marketing, entrepreneurship,
    1:14:48 and because I feel confident, it attracts people to me.
    1:14:50 People want to buy from me.
    1:14:51 They want to learn from me.
    1:14:52 They want to be around me.
    1:14:59 It inspires them and it’s the confidence, but that’s really related to the competence.
    1:15:04 Young and Profiters, be a nerd.
    1:15:09 Go on the internet and look things up and watch videos and get into rabbit holes and
    1:15:14 study your mentors and be around your mentors and intern for free and do everything that
    1:15:23 you need to do to acquire information about specific lanes and be an expert in that lane.
    1:15:27 That is going to get you out of being shy and introverted.
    1:15:32 Like Russell says, he’s confident because he just knows so much about marketing, not
    1:15:37 because he’s actually a really outgoing person.
    1:15:40 Such a great thing to step back and think about.
    1:15:43 Thanks for listening to this episode of Young and Profiting.
    1:15:47 If you listened, learned, and profited from this conversation with the amazing Russell
    1:15:51 Brunson, then please share this episode with your friends and family.
    1:15:56 It would mean a lot to me if you helped spread this podcast by word of mouth.
    1:16:01 If you love this podcast, let your friends and family know and write us a review about
    1:16:02 it.
    1:16:03 Tell me in a review.
    1:16:05 Let me know that this is your favorite show.
    1:16:10 Drop us a five-star review on Apple Podcast, Cast Box, wherever you listen to your podcast.
    1:16:13 I love getting your reviews.
    1:16:14 Marketing makes my day more.
    1:16:17 I literally read my reviews every day.
    1:16:22 If you prefer to watch your podcasts as videos, we’ve got you covered.
    1:16:23 All of our videos are uploaded to YouTube.
    1:16:27 I’m starting to do more in-person videos, which is really exciting.
    1:16:33 If you want to find me online, you can find me on Instagram @yapwithhalla.
    1:16:34 I’m also on LinkedIn.
    1:16:35 You can search for my name.
    1:16:36 It’s @hallataha.
    1:16:40 Of course, I got to shout out my amazing production team.
    1:16:45 Shout out to Hashim and Furkan for just doing an incredible job on the guest outreach side.
    1:16:51 Thank you for flawlessly executing my in-person interviews, my batch interviews.
    1:16:53 You guys are just doing an incredible job.
    1:16:58 I also want to shout out Christina Corday, Shauna Greta for helping me with research.
    1:17:01 You guys are just an awesome team, Maxie.
    1:17:04 Of course, thank you for all of your audio editing, Paul for YouTube.
    1:17:05 You guys are amazing.
    1:17:07 Thank you so much for all your hard work.
    1:17:12 This is your host, Hala Taha, aka the podcast princess, signing off.
    1:17:16 [MUSIC PLAYING]
    1:17:18 (upbeat music)
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    1:17:26 (upbeat music)
    1:17:28 you

    Russell Brunson studied thousands of sales funnels, eager to learn how to build the best possible funnel. But the problem was that each would take three months and a team of seven to eight people. Frustrated with the grueling process, he co-created ClickFunnels, a software platform that enabled him to build funnels in just one day. In this episode, Russell and Hala discuss the art of building funnels and explore the psychology behind marketing and sales. They also dive deep into how to create effective webinars.

    Russell Brunson is the CEO and co-founder of ClickFunnels. He’s a bestselling author of multiple books about marketing and one of the most famous internet marketers in the world. He’s also the host of The Marketing Secrets Show.

    In this episode, Hala and Russell will discuss:

    – Why you need to position your service as exclusive

    – Funnels for different kinds of businesses

    – The psychology behind using bonuses

    – The strategic advantage of being the most expensive

    – When to start selling your expertise

    – Thriving as an introverted entrepreneur

    – Why go all-in on one thing

    – Russell’s advice on niching down

    – Positioning your offer as a new opportunity

    – Why Russell is bullish on YouTube

    – Why your webinars are not converting

    – And other topics… 

    Russell Brunson is an entrepreneur, bestselling author, and co-founder of ClickFunnels, a platform that helps businesses build sales funnels online. Over the last 20 years, he has grown a community of over a million entrepreneurs and sold hundreds of thousands of books, including DotCom Secrets and Expert Secrets. When he and his team launched ClickFunnels in 2014, it took off quickly, reaching $100 million in just three years. Russell is passionate about marketing and has helped more than 200 people become millionaires with his strategies. He’s also the host of The Marketing Secrets Show.

    Connect with Russell:

    Russell’s Website: https://www.russellbrunson.com/ 

    Russell’s LinkedIn: https://www.linkedin.com/in/russellbrunson/ 

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    Resources Mentioned:

    Russell’s Podcast, The Marketing Secrets Show: https://marketingsecrets.com/podcasts 

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  • YAPClassic: Leila Hormozi, From Six Arrests to $100M Networth by Age 28

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:45 Get 20% off the $25 Working Genius Assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:10 As always, you can find all of our incredible deals in the show notes.
    0:01:22 Yap gang gang gang.
    0:01:25 What is going on, my Yap BAM?
    0:01:31 It is a Yap Classic day and we’re traveling back to 2022 for part one of my two-part interview
    0:01:35 with rock star business mogul Leila Hermosi.
    0:01:39 This was episode 202 that we did in 2022.
    0:01:45 Leila is a first-generation Iranian-American entrepreneur, investor, and philanthropist.
    0:01:50 She started her career in fitness and today she’s widely known as a scaling operations
    0:01:53 and management expert entrepreneur.
    0:01:59 She acquired a net worth of $100 million by the time she was 28 years old.
    0:02:06 Now, I should have said 28 years young because damn, that is young and profiting.
    0:02:12 But before she was a millionaire, Leila was a rebellious youth who once got arrested six
    0:02:15 times in a matter of 18 months.
    0:02:20 And in this episode, she shares with us how mentors like Tony Robbins changed her life
    0:02:25 and how she met another rock star, her husband, Alex Hermosi, and how we can all make lasting
    0:02:29 behavior in order to become the people we want to be.
    0:02:34 And speaking of becoming the people we want to be, I remember Leila told me a story about
    0:02:36 letting go of her past.
    0:02:41 She had a difficult relationship with her mother and her mother was an alcoholic.
    0:02:47 And for a long time, she hung on that and she actually learned that your memories are
    0:02:52 often really inaccurate and that means that her past with her mother could have been worse
    0:02:54 or it could have been better.
    0:02:58 So if she doesn’t even know what it was, why is she holding on to memories that might not
    0:02:59 even be true?
    0:03:03 Now that part of our conversation literally stayed with me.
    0:03:07 I’ve thought about it so many times and it’s helped me get over things that have happened
    0:03:09 to me in the past.
    0:03:13 So I hope this conversation is just as life changing for you.
    0:03:19 Let’s jump right into my conversation with Leila Hermosi.
    0:03:26 So Leila, when we look at personalities as adults, we can often drive the reasoning behind
    0:03:29 our strongest personality traits from our childhood, right?
    0:03:34 We can often see the experiences that we had as a childhood sort of shape us as we’re
    0:03:35 an adult.
    0:03:38 So you are an extraordinary example of an entrepreneur.
    0:03:41 So I’d love to understand what were your experiences growing up?
    0:03:44 How do you think they shaped you as the entrepreneur that you are today?
    0:03:47 I think it’s experiences and also lack of experiences, right?
    0:03:53 And so if I look at what I had as a child and what I didn’t have as a child, which I’m
    0:03:57 really grateful for because it’s made me who I am today, I didn’t have a very present mother
    0:03:59 figure after a certain point in my life.
    0:04:02 My parents got divorced when I was young.
    0:04:03 They got divorced.
    0:04:09 My mother kind of went off the rails into alcohol and drugs and just not down a good path.
    0:04:14 And I still continue to live with her during that time because when my parents were married,
    0:04:16 my dad was always at work and so I wasn’t really close with him.
    0:04:18 And so when the divorce came, it was kind of like you’re in a little with mom because
    0:04:20 he was a great mom up until that point in my life.
    0:04:22 But at that point, a shift took.
    0:04:26 So my sister actually at that point was six years older than me, left the house.
    0:04:29 It was time for her to go to college and then my dad left because they were getting divorced.
    0:04:31 And so it was me and my mom.
    0:04:33 Then her dad died and that really set her off.
    0:04:38 And so that was when she went down and not great trajectory into alcohol.
    0:04:41 And I witnessed it as a young kid.
    0:04:45 There was quite a bit of like a lack of leadership because I went, I would go to my dad’s I think
    0:04:50 once every two weeks in the beginning, but I hid what was going on for my dad because
    0:04:51 I was afraid that I would have to go live with him.
    0:04:55 And at that point I didn’t really have a relationship, which is crazy to say because like now I’m
    0:04:56 so close with my dad.
    0:04:57 He’s amazing.
    0:05:00 But at that point, we didn’t have the closest relationship.
    0:05:02 And I was a kid and I just wanted to be near my mom.
    0:05:07 And so she kind of continued down the spiral with alcohol and I tried to, I think that
    0:05:12 honestly what happened was that I became the parent in the household at a very young age.
    0:05:18 And so she kind of turned into or regressed into acting more like a child.
    0:05:20 And so I naturally turned into acting more like an adult.
    0:05:21 Like I would clean the house.
    0:05:24 I would take care of the animals because we had like a ton of animals at that point
    0:05:25 time.
    0:05:26 I would be trash.
    0:05:27 I would make sure there was food.
    0:05:28 Like I would take care of myself.
    0:05:29 So like I would go to my friend’s houses.
    0:05:30 I would get food there.
    0:05:32 Like I would make sure like I was taken care of.
    0:05:33 I got my homework done on my own.
    0:05:34 I went to bed on time.
    0:05:37 Like I learned it at a really young age.
    0:05:40 I think that was between the ages of with all that happening.
    0:05:45 I want to say between nine and then it ended when I was 15, you know, it was a lot of her
    0:05:50 not coming home, being gone for days on end when she was home being drunk and not present.
    0:05:55 And me having to, during that time, learn to be an adult.
    0:05:59 And so I think it really accelerated that process because I actually don’t think that
    0:06:02 I would be who I am today if my parents had stayed together.
    0:06:03 Wow.
    0:06:06 Like I think both of them were very much like they came from the generation that became
    0:06:07 helicopter parents.
    0:06:12 And so like I think that if they had stayed together, I probably would have been, I don’t
    0:06:16 know if I can say bad words on this podcast, I would have been not, I would have been a
    0:06:17 pussy.
    0:06:18 Honestly, that’s like what comes to mind.
    0:06:22 Like I think I just would have been kind of like really like sheltered my whole life.
    0:06:27 And so I’m really grateful that it happened because what inspired within me was a motivation
    0:06:29 that I don’t think I otherwise would have had.
    0:06:34 And I’ll tell you the moment that I had this happen was I was sitting in the office of my
    0:06:39 childhood home and my mom, it was like three AM, she had told me she was going to be home
    0:06:40 multiple days in a row, wasn’t home.
    0:06:41 It’s three AM.
    0:06:42 I’m calling her.
    0:06:43 I’m like, are you dead?
    0:06:44 Like just tell me you’re alive.
    0:06:45 Right.
    0:06:47 And at that point it was just like, I just want to make sure she was still alive.
    0:06:48 That was all it was.
    0:06:52 And I was sitting there and I called her like 10 times in a row and I remember I put down
    0:06:53 the phone.
    0:06:54 I was like, this woman’s not going to answer.
    0:06:58 I was like, and I am not going to change this woman and I’m not going to change this
    0:06:59 situation.
    0:07:02 And like, I get chills every time I think, I’m like 10 years old at this point.
    0:07:07 And I remember thinking to myself, there’s nothing I can do to change my mom.
    0:07:12 I can’t change my mom, but I can change my current situation and my life.
    0:07:17 And in that moment, I remember making a choice, which was one, the rest of my life will make
    0:07:18 up for how shitty this is.
    0:07:21 Like not having, feeling like you have a parent figure, right?
    0:07:24 Like watching them like degrade their lives, like go down the drain.
    0:07:25 It sucked.
    0:07:28 And I was always stressed and it felt like it was living in a constant state of fear.
    0:07:32 And so I remember thinking like, I have to make up for this later on.
    0:07:35 And I want to be an inspiration to others who are in similar situations.
    0:07:38 And I don’t know where that came from, but it was just the first thought that popped into
    0:07:39 my mind.
    0:07:45 And then the second thought that came with that was, I will no longer sacrifice my life
    0:07:49 for hers, because what I was doing at that point was my whole life revolved around making
    0:07:52 sure my mom was still alive, making sure that she doesn’t drink too much, hiding the
    0:07:55 bottles, pouring them out, like doing all of that.
    0:07:58 And I realized that I couldn’t do that anymore.
    0:08:04 And so within, I think a matter of months, she actually kind of went even further and
    0:08:07 further down and ended up calling the police one day.
    0:08:11 They came and that was the last time I ever lived with my mother.
    0:08:12 I went to go live with my dad after that.
    0:08:17 So that was after about five or six years of living with just her in that condition.
    0:08:21 And it was actually really weird because going to live with my dad was very uncomfortable.
    0:08:24 And the reason it was uncomfortable is because I had parents.
    0:08:27 And I felt like for those years that I was living with her, you know, I would see my
    0:08:31 dad once every two weeks for a day or two, but like I felt like this huge portion of
    0:08:36 my childhood, I didn’t have any guides, I didn’t have any parents, I didn’t have anyone
    0:08:40 watching over me in the sense that I didn’t feel supported.
    0:08:43 It was a very tough transition, you know, I think I rebelled a ton.
    0:08:45 It took me into a very angry place.
    0:08:49 I had a lot of anger for the fact that one, I felt like I knew how to parent and lead
    0:08:53 myself, but now I had to be in this household where I had siblings who I didn’t really know
    0:08:54 well.
    0:08:55 They’re my step siblings, right?
    0:08:56 Not like they’re bad or anything.
    0:08:57 They’re just, you know, I’m around them.
    0:08:58 I’m the youngest also.
    0:08:59 So everyone treats me like a kid.
    0:09:03 And I’m thinking to myself, I’ve been taking care of myself for the last five fucking years.
    0:09:05 And so it felt very much like in reverse.
    0:09:08 Like these things should have happened in the opposite order.
    0:09:10 And so it turned me into a very angry teenager.
    0:09:15 You know, I started kind of going down the path of just rebelling against anything my
    0:09:16 dad wanted me to do.
    0:09:20 You know, I’d always been, despite everything with my mother, like a very good student, I
    0:09:21 still was a very good friend.
    0:09:26 I was like a very, I had a lot of integrity and I kind of started going the opposite direction.
    0:09:27 I started drinking.
    0:09:28 I started sneaking out.
    0:09:31 I started doing a lot of stuff, but it was intermittent because that was during high
    0:09:33 school and there’s only so much you can do.
    0:09:39 And so I think that it kind of, you know, snowballed when I got into college because
    0:09:43 I remember that right after I graduated high school, the feeling of freedom I had, you
    0:09:48 know, being like, I now don’t have authority anymore over me and still having this intense
    0:09:52 anger inside of me and also anxiety going into college.
    0:09:57 And it just manifested in first getting invited to parties and then like going and drinking
    0:09:58 too much.
    0:10:00 And then going to parties, not just on the weekends, but on week nights.
    0:10:03 And then it was like, you’re partying all the time and you’re drinking all the time.
    0:10:07 And that led to me getting arrested six times in 18 months and people always ask, what did
    0:10:08 you get arrested for?
    0:10:11 I’m like, literally just all alcohol is all alcohol related.
    0:10:17 And so it put me in a really dark spot because I’d spent the better part of my life up until
    0:10:22 then being this almost like hero to my mom, being like the parent figure.
    0:10:25 And then it was like the moment that I got out of the house and I went into college and
    0:10:28 I had access to all these things.
    0:10:34 It was like 18 months of just ruining my body and myself and losing a lot of respect for
    0:10:35 myself during that time.
    0:10:42 And it got to a point where there was an incident where I think I passed out on someone’s like
    0:10:47 deck and the police found me and they took me to my dad’s house and I remember I woke
    0:10:52 up in my dad’s house and I was like, Oh, fuck, you know, what did I do?
    0:10:53 Right.
    0:10:56 I was living on my own at this point and I was like, I’m at my dad’s house right now
    0:10:57 and I don’t remember what happened.
    0:10:59 I was like, this is not good.
    0:11:02 And I came downstairs and my dad was like almost in tears and he sat me down and he
    0:11:06 was like, listen, he was like, I’m not going to try and change you and I’m not going to
    0:11:10 try and tell you, you shouldn’t do these things like you’re out on your own now.
    0:11:14 He’s like, but I’m just telling you, like, I think that you could kill yourself if you
    0:11:15 continue with this behavior.
    0:11:21 And that was really hard to hear from my dad, who I have so much respect for and, you know,
    0:11:22 he’s such a good person.
    0:11:24 He’s always tried to be the best parent possible.
    0:11:29 And it was in that moment that it was like almost like a flash came in and I was like,
    0:11:31 who was that little girl?
    0:11:34 Like remember that little girl that was sitting in the office with her, you know, her mom’s
    0:11:38 house who just wanted to be a better version of herself, who just wanted to be an inspiration
    0:11:39 to others.
    0:11:45 And all of that almost seemed to like flood back into me and it fled back again, I think
    0:11:49 in the form of anger, which again is interesting, but it’s a theme you’ll see here.
    0:11:53 I was angry at myself, but I think that it was a very useful emotion for me at that time
    0:11:58 because I was angry of where I let myself go that I’m so smart and knew better and still
    0:12:00 went down that path.
    0:12:07 And I use that anger to fuel myself to lose 85 pounds, to get good grades in college, to
    0:12:13 start pursuing self development, personal development outside of that, you know, start pursuing mentors.
    0:12:17 That was really what propelled me to turn my life around was that moment sitting there
    0:12:21 with my dad feeling just like, honestly, like a piece of shit.
    0:12:22 Yeah.
    0:12:25 I could say that, but I just felt like, I felt like a dirt bad, like I just felt so
    0:12:26 bad about myself.
    0:12:32 And I was like, I have to see out what I said I would do when I was younger.
    0:12:33 I want to become that person.
    0:12:35 And this doesn’t have to be the end.
    0:12:40 Like I was like, I’m young, you know, at that point I’m 19, I’m like, I can turn this around.
    0:12:44 I did all that in 18 months, imagine how fast I can go in the opposite direction.
    0:12:48 And so it really was that it was channeling some of the same emotions to go in the opposite
    0:12:49 direction.
    0:12:53 And that was what really propelled me to change my life.
    0:12:56 And really, I think I have a strong focus on behavior change because I’ve done it so
    0:12:57 much for myself.
    0:12:58 Yeah.
    0:13:03 And I think a lot of the reason I’m drawn towards leadership is because I think that
    0:13:05 I have learned to lead myself over the years.
    0:13:08 And I’ve also learned to lead myself out of a bad spot.
    0:13:12 And I think that a lot of people, especially nowadays with social media, nobody wants to
    0:13:14 talk about their setbacks.
    0:13:17 And if they just want to show that they’re perfect, they don’t want to show that they
    0:13:18 fucked up.
    0:13:22 And I want to share that I’ve fucked up and you can still come out the other side, like
    0:13:23 there’s still time.
    0:13:24 100%.
    0:13:28 I mean, there’s so many lessons to be learned in this story.
    0:13:33 And I also was like, party aunt, me and you are both of Middle Eastern descent.
    0:13:35 We’re locked up in high school, right?
    0:13:39 Like they don’t let us date, do any, I mean, for me at least, like I was locked up during
    0:13:40 high school.
    0:13:44 When I went to college, I was in party mode, but like you, I ended up turning it around
    0:13:47 when I was like 19 and kind of getting back on track.
    0:13:48 And it’s not too late.
    0:13:52 And I, like I mentioned to you before, we really started recording, most of my listeners
    0:13:56 are male, they’re young male listeners.
    0:14:00 And I had Scott Galloway on the show, who’s a New York NYU student professor, best-selling
    0:14:02 author, huge podcaster.
    0:14:06 And he always talks about men are in trouble right now, young men.
    0:14:08 And he told me some troubling statistics.
    0:14:13 He believes young men are struggling to compete because women and men now have an equal playing
    0:14:15 field in terms of education and business.
    0:14:19 So soon two women will graduate college for every one man.
    0:14:20 Male earnings are declining.
    0:14:24 It’s leading to lower marriage rates, lots of other problems.
    0:14:29 And in general, I feel cause my young male listeners reach out to me and DM me and send
    0:14:34 me voice notes all the time about how they’re so unmotivated, they’re unfocused, they can’t
    0:14:40 stop partying, they’re playing too many video games, they’re not joining communities and
    0:14:42 they’re just lost.
    0:14:46 And I feel like this point in your life, you did turn it around and you did, you know,
    0:14:49 go on this self-development journey.
    0:14:54 And so I really wanted to unpack what you actually did to catch yourself out of this
    0:14:56 party mode and to turn things around.
    0:14:57 Yeah.
    0:15:01 I started listening to Tony Robbins and Jim Rohn, which now it’s kind of funny.
    0:15:03 I think they’re probably outdated at this point and the younger generation doesn’t listen
    0:15:04 to them.
    0:15:06 But I learned a lot from them.
    0:15:11 And one of the first things was, what am I consuming and who am I hanging out with?
    0:15:14 And so the first thing that I did was I stopped watching Netflix.
    0:15:16 I remember I like got rid of my subscription.
    0:15:17 I started watching YouTube.
    0:15:22 I started watching like there was different like platforms at that point of online videos.
    0:15:23 I started watching Tony Robbins, Jim Rohn.
    0:15:25 I started listening to Rich Dad, Poor Dad.
    0:15:28 I started pouring myself into education rather than entertainment.
    0:15:31 That was the first thing that I did and that was a swap I made in my head.
    0:15:36 I was like, no more entertainment, only education for now this season.
    0:15:39 Does that mean I can’t watch an episode of something later on?
    0:15:40 No.
    0:15:42 Now I’ve had so much momentum in the wrong direction.
    0:15:46 I need to get momentum in the right direction and Nersha is real.
    0:15:48 And so I was like, I need to turn this around immediately.
    0:15:53 So I went all in on self development in terms of Tony Robbins, Jim Rohn, Rich Dad, Poor Dad.
    0:15:58 So it was a lot of behavioral change mindset and even money beliefs because I felt like
    0:16:00 I didn’t have the best beliefs around money.
    0:16:06 The second thing I did was looking at all the people I was hanging out with and really
    0:16:11 doing an audit of, do these people want me to succeed or are they feeding the bad habits
    0:16:12 I have today?
    0:16:14 Not because they’re toxic.
    0:16:15 I hate that word.
    0:16:17 I’m like, when people look they’re toxic, I’m like, fucking, you’d set some boundaries
    0:16:18 for adults.
    0:16:19 Right?
    0:16:20 Like just the boundaries.
    0:16:22 And so I was like, here’s my new boundaries.
    0:16:25 Some of these people I’m not friends with, some of these people I see once a month, some
    0:16:27 of these people I only talk on the phone to.
    0:16:30 And I wrote it down in my notebook, what I was going to do with all my friends.
    0:16:34 And I don’t even think I’ve told any of them that to this day and a lot of them probably
    0:16:37 don’t have the best things to say because I kind of disappeared from the face of the
    0:16:38 earth for a while.
    0:16:42 But I knew that’s what I needed to do because I just knew that at that point I was such
    0:16:43 a people pleaser.
    0:16:46 Like I wanted to, it’s almost like you want to excel in anything you did.
    0:16:50 I also wanted to be the biggest partier that could drink the most.
    0:16:51 That was the coolest.
    0:16:52 That could throw the biggest parties.
    0:16:54 And so it’s like, I needed to channel that somewhere else.
    0:16:58 I need to get around people who didn’t think that that was something that would drive status,
    0:17:01 but instead thought that was something like you looked down upon.
    0:17:05 And so then I started saying, okay, who are the people that I want to get around.
    0:17:07 I realized I didn’t have any at that point.
    0:17:13 There was nobody in my inner circle that I felt like would contribute to my growth.
    0:17:15 And so this was while I was in college, right?
    0:17:17 I was like, I have to move.
    0:17:20 Like I can’t right now, I’m going to graduate, but I set my eyes on it.
    0:17:21 I was like, I’m moving to California.
    0:17:25 I remember I decided at one night when my friends all went to the bar and I went with
    0:17:31 them sober and I was like, I’m so fucking over this because I was trying to do some things
    0:17:32 with them.
    0:17:35 It was like once a month, I’d go out and I’d be the DD or whatever, but I was like, I
    0:17:36 hate this.
    0:17:40 I would rather be doing something that was driving me towards my goals, not doing something
    0:17:43 just to like maintain friendships that are pretty much just surface level now.
    0:17:45 And so it was that night.
    0:17:48 I remember I told my friends, I said, you guys, I’m moving to California after I graduate.
    0:17:49 And they were like, what are you talking about?
    0:17:51 I was like, yeah, I’ve just decided.
    0:17:53 I like decided in that moment.
    0:17:55 And then I told everybody that night, I told everyone I’m moving to California after I
    0:17:59 graduate and moving to California after I graduate, like, and then that was it.
    0:18:05 And so after I graduated, that was the biggest, that was one of the biggest, if not the most
    0:18:10 like the unlock for my personal growth was I moved all the way across the country when
    0:18:11 I didn’t know anybody.
    0:18:13 I didn’t really have a plan.
    0:18:16 I didn’t have anything over there waiting for me.
    0:18:18 And I didn’t know how I was going to make money or how I was going to make it work.
    0:18:19 And I’m like a young woman.
    0:18:25 It’s not like I’m like, I’m 20 when I went over there, I think I was what 21.
    0:18:29 And that was what stirred up so much for me because I think a lot of people like, tell
    0:18:31 me the books that you read, tell me the stuff.
    0:18:36 What I did was I put myself in a situation where my back was against the wall.
    0:18:39 And I was insanely uncomfortable, like to the point where like, when I would move there,
    0:18:42 I remember on a weekly basis having panic attacks.
    0:18:43 I didn’t know anybody.
    0:18:44 I didn’t have any support system.
    0:18:46 I didn’t know how it’s going to make money.
    0:18:47 I mean, it was terrifying.
    0:18:52 And not to mention, I bought or I signed a lease for an apartment online that ended up
    0:18:55 being like in the ghetto with like, you know, barbed wire on the fence and shit.
    0:18:58 So I get there and I’m like, I can’t even walk in my own neighborhood.
    0:19:02 It was a really unsettling experience.
    0:19:06 And I quickly learned that I had to make it work for myself.
    0:19:07 Nobody could do it for me.
    0:19:13 No amount of affirmations and mindset work was going to go do the work.
    0:19:17 And I think that that is where a lot of people go wrong is it’s great to have positive things
    0:19:18 you say to yourself.
    0:19:22 It’s important in much of a sense that you talk to yourself like you’re your best friend.
    0:19:23 Yes.
    0:19:25 But if you take no action, none of that matters.
    0:19:28 And I think that a lot of the times nowadays, people are spending so much time in their
    0:19:29 heads.
    0:19:31 That’s what I feel like this generation is doing.
    0:19:35 They spend more time in their heads than they do taking action.
    0:19:37 Feelings and beliefs can follow the action.
    0:19:41 If you can just get yourself to take action when you are scared shitless, you will change
    0:19:42 your thoughts and beliefs.
    0:19:45 You can act despite not believing it’s going to work.
    0:19:46 And that is exactly what I did.
    0:19:48 I didn’t know how I was going to make it work.
    0:19:52 And I went and I applied and I worked at, I applied to every gym within walking distance
    0:19:54 of my apartment.
    0:19:57 And I got accepted all of them, but I was like, they’re like, oh, you have a three month
    0:19:58 training program.
    0:19:59 You get paid like $9 an hour.
    0:20:02 And I was like, fuck, no, I’m not going to not be able to pay my rent.
    0:20:07 So I went to the only gym that was like, you can make money immediately, which was 24 hour
    0:20:08 fitness.
    0:20:09 And that was where I learned how to sell.
    0:20:12 But then you have to understand, I went there having only knowledge of like how to lose
    0:20:15 weight, nutrition, whatever I learned at college that didn’t really matter.
    0:20:18 I go there and they’re like, you need to go sell some shit if you want to make money.
    0:20:19 Like you go get your own clients.
    0:20:21 And I was like, oh, shit.
    0:20:23 Again, my back stands the wall.
    0:20:24 I’m like, what do I do?
    0:20:26 Like I’m not a salesperson.
    0:20:28 I never identified as a salesperson.
    0:20:29 I was like the last thing.
    0:20:31 It kind of disgusted me in the word.
    0:20:35 And I was like, fuck, I have to, there’s, what else am I going to do?
    0:20:40 And I remember the first time that I approached them on that, the gym, I was terrified.
    0:20:44 And I went up to this woman, they were like, go talk to people on the ellipticals, on the
    0:20:47 gyms that you see not doing things right, whatever, go try to get them to your clients.
    0:20:49 And I went up to this woman and I was like, excuse me.
    0:20:51 And she was like, she looks at me.
    0:20:52 She stops.
    0:20:53 And she goes, fuck off.
    0:20:55 And now it’s my first experience.
    0:20:57 There’s just rejection from day one.
    0:21:05 So it was really hard, but that feeling of stress and anxiety, I channeled into learning.
    0:21:10 I was like, I cannot, I won’t, no amount of thinking is going to get me out of this situation.
    0:21:15 I need to learn these skills and I need to become this different person in order to get
    0:21:16 out of this situation.
    0:21:20 And so I took all that anxiety and all that stress, all that frenetic energy that I had
    0:21:23 and I poured it into learning, I poured it into learning sales, I poured it into learning
    0:21:27 how to retain customers, I poured it into learning how to become a teammate because I didn’t
    0:21:29 even know how to do that.
    0:21:31 And that was what I spent a lot of my time doing.
    0:21:36 And so I think that a lot of the times when people are asking about self development and
    0:21:40 personal development, I think that there’s a piece missing, which is a lot of people
    0:21:45 believe you have to have, you have to think a certain way and you have to believe something
    0:21:47 before you do it.
    0:21:49 And that’s just never been the case in my life.
    0:21:51 If you had told me, like, did you believe you were going to make all this money by the
    0:21:54 age of, fuck, no, like, no.
    0:21:58 And then they’re like, do you believe that acquisition.com is going to become a billion?
    0:21:59 No.
    0:22:03 But I’m doing it because I know logically that it makes sense and I’m capable.
    0:22:04 Yeah.
    0:22:05 Does that make sense?
    0:22:06 100%.
    0:22:08 It’s like this small, consistent action, taking action.
    0:22:12 And I see something really similar and I say it when it’s, when it comes to rejection,
    0:22:16 I’ve been rejected a lot of times, like I almost had a show on MTV, I got rejected.
    0:22:19 I almost was a host on Hot 97, I got rejected, almost got rejected.
    0:22:20 It’s serious.
    0:22:24 And I always say the reason how I like became successful is I just, every time I got rejected,
    0:22:29 I just channeled it into learning something new, just learning a new skill and getting
    0:22:30 amazing at it.
    0:22:31 You know, and that’s what I did every time.
    0:22:34 And it sounds very similar to what you’re saying.
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    0:26:02 Young Improvers, when I started my podcast, I had a volunteer team.
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    0:27:35 Let’s move on to your sales skills because you said that you knew nothing about sales
    0:27:39 when you went to California, but you ended up being the top selling personal trainer
    0:27:42 in your region, I think within a year.
    0:27:45 If you didn’t have any sales experience previously, you said you got it from experience.
    0:27:49 I guess what would you say your top things that you learned as a salesperson during that
    0:27:53 time was because now you’ve carried that skill and used it in multiple ways throughout
    0:27:54 your career?
    0:27:59 I think that there’s two things because Alex and I, when we met, for example, we both had
    0:28:02 sales aptitude, but we sell completely differently.
    0:28:05 I know that because we sold side by side for a year with each other.
    0:28:09 Our conversations sound completely different and we both had around the same closing rate.
    0:28:12 Most people can sell things that they believe in.
    0:28:16 I think that a lot of times people are trying to, if you look at the mechanics of sales,
    0:28:19 we’re trying to fake belief.
    0:28:24 Most people, sales training is often faking belief in the product when I think I found
    0:28:29 a product that I believed in, which was personal training, nutrition, losing weight.
    0:28:31 I truly believed in that.
    0:28:33 That was the first thing, and that’s why I advise a lot of salespeople to reach out to
    0:28:34 me.
    0:28:35 They’re like, “I’m not getting it.”
    0:28:37 I’m like, “Do you believe in the product?”
    0:28:38 They’re like, “Fundamentally, no.
    0:28:42 I’m actually … It’s like a vegan selling meat or something.”
    0:28:45 It fundamentally doesn’t match with their belief systems.
    0:28:49 The first step is that you have to make sure that you are being integrist, which means
    0:28:52 what you think, what you say, and what you do are all aligned.
    0:28:57 For me, the one thing that I realized by speaking with different people, especially, I think
    0:28:59 my boss at that time, he was a sales manager.
    0:29:00 He was really good.
    0:29:01 He was like, “Layla, do you believe in this?”
    0:29:02 I was like, “Absolutely.”
    0:29:06 He’s like, “Well, then why do you not feel convicted to try and get people to buy it?”
    0:29:10 That was the unlock for me, was if you believe in something and you really know it’s the right
    0:29:17 option and the best option for somebody, I’m obligated to try and get them to buy it.
    0:29:19 I’m like, “What other options do they have?”
    0:29:20 Not many.
    0:29:22 This is the way that it actually has to go.
    0:29:26 It’s the hardest, and it’s the most expensive, but it’s definitely the best.
    0:29:31 I think that the first one is having integrity about the product that you’re selling, which
    0:29:32 sounds super cheesy.
    0:29:34 It’s not tactical at all, but a lot of people are very misaligned.
    0:29:37 You’d be surprised when people don’t message me and they say, “I’m just not selling.”
    0:29:38 Then I say, “Do you even believe in the thing?”
    0:29:41 They switch jobs, and then they’re the top-closer.
    0:29:44 That was the first thing for me, was I had done it myself.
    0:29:45 I had lost all the weight.
    0:29:46 I had seen how it changed my life.
    0:29:48 It’s not hard to preach that to other people.
    0:29:52 It’s not hard to try and sell someone that, because I would if it wasn’t paid.
    0:29:53 Yeah.
    0:29:56 You need that conviction so you have the confidence when you’re selling.
    0:29:58 Otherwise, people can just see right through you.
    0:29:59 100%.
    0:30:01 If you really believe in it, the conviction comes naturally.
    0:30:03 You don’t have to fake it.
    0:30:08 The second thing that I did learn that was a skill was having the right frame for the
    0:30:09 conversation.
    0:30:15 A lot of people who really believe in a product are still people-pleasing while they’re trying
    0:30:16 to sell.
    0:30:19 Because they’re trying to get that person to like them rather than trying to get that
    0:30:22 person to buy or to make a decision, that’s what they’re really doing right.
    0:30:27 They want the person to like them more than they want the person to buy or make a decision.
    0:30:28 They’re trying to tiptoe around it.
    0:30:32 I had to make that frame shift, and I realized I have to be the authority.
    0:30:36 Just like if someone’s the leader in a business, you’re not going to be liked all the time.
    0:30:39 It’s important though that you’re able to positively influence people in the business.
    0:30:41 Does that mean they’re always going to like you for it?
    0:30:42 No.
    0:30:43 But will they be better for it?
    0:30:44 Yes.
    0:30:45 It’s the same in sales.
    0:30:49 I had to learn how to develop more confidence and more of an authoritative frame within
    0:30:50 myself.
    0:30:55 How I spoke, how I led, how I led the conversation, I didn’t let them lead the conversation.
    0:30:59 That was the biggest unlock for me was realizing that I have to be the one leading them through
    0:31:00 the conversation.
    0:31:05 I’m the authority in this conversation, and I should be because I actually give a shit.
    0:31:08 Who better to be an authority than someone who actually cares about the person on the
    0:31:09 other side?
    0:31:10 Yeah.
    0:31:13 So it’s like telling them something like the truth, even though it hurts and it’s not
    0:31:17 going to make you the most liked person, but it’s going to help them accomplish their
    0:31:18 goal.
    0:31:20 A man could never say this to a woman during a consultation.
    0:31:24 But the amount of times I said, when’s the last time you had sex with the lights on to
    0:31:25 a woman?
    0:31:28 Because I knew she didn’t because I wouldn’t have either when I was fat.
    0:31:29 Nobody wants to see that.
    0:31:30 You don’t want to see it yourself.
    0:31:35 I was like, when’s the last time that you like put on clothing in front of a mirror?
    0:31:36 Wow.
    0:31:37 Because they don’t.
    0:31:38 And someone’s that overweight?
    0:31:39 They don’t even look in a mirror.
    0:31:42 It’s those questions that though they hurt and they don’t feel good in the moment, I
    0:31:45 was like, that is what’s going to make someone, that’s what’s going to get someone to make
    0:31:47 a decision that’s going to better their life.
    0:31:50 And I think the difference between manipulation and influence is manipulation is getting someone
    0:31:54 to do something that’s detrimental to themselves, whereas influence is getting someone to do
    0:31:57 something that is beneficial for themselves and in line with their own personal goals and
    0:31:58 autonomy.
    0:32:02 That was really the one piece that I needed to succeed in sales was understanding that
    0:32:07 I was the authority and I had all the evidence to back that I should be the authority.
    0:32:12 And I also had the, the give a shit where it made sense to me to be.
    0:32:13 Yeah.
    0:32:14 Makes total sense.
    0:32:15 Great advice.
    0:32:20 So let’s talk about your agenda at one point to find a man, right?
    0:32:21 I heard a story.
    0:32:25 I’ve heard you say the story that you were doing a bumble date every single weekend because
    0:32:28 you realized that dating was sort of a volume game.
    0:32:29 And then you met Alex.
    0:32:30 I’d love to hear that story.
    0:32:31 Yeah.
    0:32:36 So I’ll tell you how it started, which was I actually worked at 24 and my boss at that
    0:32:41 time, who was a sales manager, he was like, I told him, I was like, I got on Tinder and
    0:32:42 bumble.
    0:32:45 I was like, Tinder’s disgusting, but bumble seems fine.
    0:32:48 And he was, I remember I said, like, you know, I’m going to try and go on a date every
    0:32:49 couple of weeks, something, something.
    0:32:52 And he said, you know, Layla, he’s like, I think dating is a lot like sales.
    0:32:53 I was like, how?
    0:32:55 He’s like, well, I think it’s a numbers game.
    0:32:58 Like think about how many consults you have to have with somebody in order to get a client.
    0:32:59 I was like, yeah.
    0:33:02 He’s like, well, how many dates do you think you have to go on in order to get somebody
    0:33:04 to be a boyfriend?
    0:33:05 Maybe even more.
    0:33:06 And I was like, interesting.
    0:33:09 And he’s like, and I remember he said this, like, don’t you think that dating would be
    0:33:11 very good practice for sales?
    0:33:12 And I was like, how so?
    0:33:14 He’s like, well, you’re meeting strangers.
    0:33:17 You’re having to basically sell yourself to them and you’re in uncomfortable situations.
    0:33:19 And I was like, huh.
    0:33:22 So he essentially sold me on this concept.
    0:33:27 And so I said, okay, well, how do I, how do I work leads right now in my sales job?
    0:33:28 Okay.
    0:33:31 I don’t know how to do that, but for dating, which was, you know, I had a time set aside
    0:33:35 every day where it was like for an hour, I called all the leads and whatever, maybe more
    0:33:36 than an hour.
    0:33:40 And I would bang the phones and so I said, okay, what can I commit to for dating?
    0:33:42 I have my lunch break every day.
    0:33:43 It’s minimum 30 minutes.
    0:33:47 I will just literally swipe and do nothing but swipe while I eat for 30 minutes.
    0:33:48 And so that was what I did.
    0:33:50 And that was what I promised myself.
    0:33:54 I said, my goal is to get a date a week if I swipe for 30 minutes.
    0:33:55 And so that’s what I did.
    0:34:00 And I started going on dates and a lot of them sucked.
    0:34:03 Like I had one guy try and sneak me into a movie theater, not telling me because he
    0:34:04 didn’t want to pay.
    0:34:08 I had another guy who took me to a dinner and then told me he wished I wouldn’t talk.
    0:34:11 I mean, like I had so many bad dates.
    0:34:14 The difference was that I didn’t let it discourage me from going on another one.
    0:34:18 And so I talked to a lot of women now and they, they asked me about this.
    0:34:20 And they’re like, listen, Layla, I did that for three months.
    0:34:23 I’m like, girl, I did that for 18 months.
    0:34:29 I’m like, get back to me when you’ve swiped every day for 30 minutes, gone on 60 dates.
    0:34:31 And then tell me what you think.
    0:34:36 Just like you’re looking for the ideal client if you’re in sales, dating is the same way,
    0:34:39 which is, you know, you have your criteria of what you’re looking for and you’re going
    0:34:41 on dates, trying to find it.
    0:34:44 And it’s just a funnel that you’re trying to continue to work through and through and
    0:34:45 through.
    0:34:48 And so honestly, I just took the same sales learnings that I had.
    0:34:50 I applied them to dating and I just didn’t give up.
    0:34:55 I had enough confidence in myself at the time that I was like, there’s somebody out there
    0:34:56 for me.
    0:34:58 Like, I know I’m a little weird and I’m a little different, you know, like I really
    0:34:59 like business.
    0:35:00 I really like working.
    0:35:03 Like a lot of women at that time, especially in Newport Beach, California, it felt like
    0:35:04 did not, right?
    0:35:05 They just want like a sugar debt.
    0:35:08 But I was like, I will eventually find someone.
    0:35:12 And so I think having that, you know, knowing that that was the case and understanding that
    0:35:16 it was just a numbers game made it much easier to get through the emotional ups and downs
    0:35:19 because I think that if dating is just an emotional game for you, then you’re going to
    0:35:22 stop because the moment you have a bad day, you’re like, oh, there’s no boys out there
    0:35:23 for me.
    0:35:24 I’m like, shut the fuck up.
    0:35:26 I’m like, you’re saying that half the population sucks.
    0:35:27 Please.
    0:35:29 Like I hate when people say that all men are horrible.
    0:35:31 I’m like, this is called cognitive bias.
    0:35:33 You are over generalizing.
    0:35:36 Your brain is saying, I had one bad boyfriend now, all men are bad.
    0:35:37 That’s not true at all.
    0:35:40 And then the second piece is understanding that I think a lot of people, what they do
    0:35:44 is they go on a few dates, maybe they get in with a few people and maybe they date somebody
    0:35:48 for like a month or two and then they break up and then they take the same amount of time
    0:35:51 that they dated the person to get over the person.
    0:35:56 And I think that a lot of that comes from social stigma of, oh, it takes you half the
    0:35:59 amount of time that you dated someone to get over them.
    0:36:03 I’m like, you know the best way to get over somebody is to go on another date.
    0:36:05 Like, what do you do when you lose a client?
    0:36:07 You go get another client.
    0:36:10 I refuse to believe a lot of the things that society tells us.
    0:36:12 So I was like, am I actually upset about this person?
    0:36:14 Have I dated for eight weeks?
    0:36:15 No.
    0:36:17 But I think I’m supposed to be upset and I think that’s what a lot of people do and
    0:36:21 I think the reason I was able to go through very quickly and find somebody is because
    0:36:26 I didn’t let that stuff stop me or drag me down or make the process take longer.
    0:36:27 Yeah.
    0:36:28 So smart.
    0:36:30 And I have to say, Leila, I love your personality.
    0:36:34 You’re so funny and just to give such good advice, I love talking to you.
    0:36:36 I think the audience is going to love this conversation.
    0:36:38 So you met Alex, right?
    0:36:39 Talk to us about that first date.
    0:36:41 What was he like and what did you see in him?
    0:36:44 I mean, you had all these suitors and you decided on Alex.
    0:36:47 Honestly, it was tough because like, I’ll be really real.
    0:36:51 You’ve probably had this too or run into this as a woman who’s ambitious.
    0:36:53 A lot of guys didn’t like that.
    0:36:54 Yeah.
    0:36:55 100%.
    0:36:57 Like a lot of men just wanted me to be a housewife.
    0:37:01 They wanted to have kids very soon and all these things and I was like, that’s just not
    0:37:02 in the cards for me, man.
    0:37:05 Or they think they want it and then the real is like, oh, she’s going to be more successful
    0:37:06 than me.
    0:37:07 I don’t know if I want it.
    0:37:08 100%.
    0:37:10 So if it wasn’t, oh, I don’t want you to do this thing.
    0:37:13 It was, oh, I’ll try and suppress you so that I’m better than you.
    0:37:15 Which, listen, I don’t have anything against people who do that.
    0:37:18 I just don’t want to be in a relationship with them.
    0:37:25 When I met Alex, it was interesting because we matched on Bumble and then Alex, I messaged
    0:37:26 him because it had to be the girl.
    0:37:27 I don’t even remember what I said.
    0:37:29 It probably was, I was so bad at it, I was like, hey, what’s up?
    0:37:30 Like I never said anything cool.
    0:37:31 I was kind of nerdy.
    0:37:34 So I was like, hey, you know, how’s it going or something like that?
    0:37:35 And he messaged me.
    0:37:36 He was like, fuck this app.
    0:37:37 Let’s get off this app.
    0:37:38 Can I call you?
    0:37:39 And I was like, I like that.
    0:37:43 Like somebody who’s like serious about this, who takes it like literally, so we get on
    0:37:44 the phone.
    0:37:47 And the first thing he said, he was like, listen, he’s like, this is basically like
    0:37:48 a first date.
    0:37:51 So what we’re doing right now is we can have our first date now on the phone.
    0:37:54 And then later when we actually have a first date, we don’t need to talk about all this
    0:37:55 stuff because we’ve never talked about it.
    0:37:57 It’ll be a base for our second date.
    0:38:01 And I was like, this guy’s efficient, which I liked because that’s how I was running it
    0:38:02 as well.
    0:38:04 So I was like, this is a good match.
    0:38:07 And I remember feeling like, I don’t really know, like this guy’s kind of like blunt to
    0:38:08 the point harsh.
    0:38:11 He’s not really flirty, but I appreciated it.
    0:38:15 And so we meet for Froyo for our first date because it’s low commitment.
    0:38:17 So we could leave if we didn’t like each other.
    0:38:18 That was the agreement.
    0:38:24 And we go and I’m sitting there waiting for him and he comes up from behind me.
    0:38:27 And I remember he was like, okay, like not smiling.
    0:38:31 I was like, why is this guy not even smiling at me?
    0:38:35 Turns out, so what some people don’t know is I have an entire back piece and I was wearing
    0:38:41 a tank top dress and he saw I have angel wings on my back when I was 18 and getting drunk.
    0:38:44 And he saw them and I guess like he really doesn’t like tattoos.
    0:38:49 And so for the first like 15 minutes of the day, he just didn’t even look at me.
    0:38:50 Like we go in line for Froyo.
    0:38:52 He’s not really looking, making eye contact.
    0:38:54 I’m like, not knowing what’s going on.
    0:38:58 And then finally we sit down, we start talking and I just start asking about his business
    0:38:59 because he owned some gyms at the time.
    0:39:01 And then it was like he lit up.
    0:39:06 And then from that point on in the conversation, we talked for I think four and a half hours.
    0:39:09 We went on a walk, walked like, I don’t even know how many miles.
    0:39:10 It was insane.
    0:39:15 And by the end of it, I just remember thinking like the one thought I had was like, I just
    0:39:16 want to keep talking to him.
    0:39:19 Like I don’t even care if we’re dating or not.
    0:39:24 I just like finally feel like I found somebody who sees reality the same way as me.
    0:39:28 I felt like he wanted the same things from life and was looking for the same things.
    0:39:32 And it was just, it was like a breath of fresh air to talk to anybody, you know, female or
    0:39:34 male that actually felt that way.
    0:39:38 Honestly, from that point on, it was, we hung out every day.
    0:39:42 I think he had to go to like a dinner later that night and then he called me after we
    0:39:44 talked to like 2am.
    0:39:48 And then the next day he came to my work during my lunch break and then I went to his house
    0:39:52 after and then it was just like from that point on, but we weren’t working together
    0:39:53 at that point.
    0:39:57 You know, we were just dating and I want to say like two weeks in, he was like, you should
    0:39:59 really just work for me.
    0:40:02 And I was like, because he knew that what I was trying to decide of is like, am I going
    0:40:05 to start my own gym or am I going to have an online training business?
    0:40:07 And I had opportunities on both sides.
    0:40:08 I wasn’t sure what to do.
    0:40:11 And I was telling him about this decision and he was like, I think you should do neither
    0:40:12 of those things.
    0:40:15 And instead, you should come do this with me and we’ll make way more money than either
    0:40:16 of those things.
    0:40:19 And I was like, yeah, but then I’m, I’m working for you.
    0:40:20 Like this is weird.
    0:40:21 We’re like dating right now.
    0:40:23 He was like, whatever, we’ve only been dating two weeks.
    0:40:29 I remember he said that and I was like, true point, you know, it hasn’t been that long.
    0:40:34 And I was really torn, but at the same time I was like, all right, let me look at all
    0:40:37 the decisions I’ve made that have been the best decisions in life, putting my back against
    0:40:43 a wall, putting myself into a situation where most people would fail or falter and putting
    0:40:46 myself into situations that there’s risk.
    0:40:49 I was like, there’s really no better time that if I were to do something like this than
    0:40:51 to do it now because I’m young.
    0:40:54 And so I talked to a few mentors.
    0:41:00 I did a lot of thinking and I was like, I think after, after he went and he did a launch
    0:41:03 on his own for gym launch, what was to become gym launch?
    0:41:05 And I saw that it actually worked.
    0:41:07 And a lot of people, by the way, they give me shit for this because I was like, I saw
    0:41:10 that he made a hundred thousand dollars launching this gym.
    0:41:12 Of course I want to see that he made money.
    0:41:13 I was making plenty of money on my own.
    0:41:16 I’m not going to go stop to go do something with somebody who hasn’t made any money or
    0:41:17 proven a concept.
    0:41:19 I’m like, I have my own shit, my own business going on.
    0:41:23 And so once I saw that it worked, I was like, okay, this makes sense for me financially.
    0:41:25 So it makes sense to take this risk.
    0:41:30 And that was when I think the next week I talked to all of my clients.
    0:41:36 I talked to the gym that I was working at the time and I just got rid of everything.
    0:41:41 And I had a week between getting rid of everything and flying out to the first gym to do the
    0:41:44 launch for this idea, for this company gym launch.
    0:41:50 And that was really the beginning of not our relationship, but our partnership.
    0:41:53 And so if you really think about it, like we only had, I don’t know, six weeks that
    0:41:57 we weren’t working together, like in our entire relationship now, which has been seven years.
    0:42:02 And the rest of it was, from that point on, it was learning how to navigate being in a
    0:42:07 new relationship with somebody that you’re also building a new business with while losing
    0:42:12 money, living out of motels, basically eating shit every day, and it was really hard.
    0:42:15 So that was, I was like, I just realized where I was going with that.
    0:42:16 I was like, that’s the story of our relationship.
    0:42:18 I mean, it’s so interesting.
    0:42:21 And now you guys are such a powerful couple.
    0:42:27 And I’m sure starting a business and able to have you guys bond together, but also spending
    0:42:31 that much time together probably was really tough and maybe felt like you guys needed
    0:42:34 your own experiences and things like that.
    0:42:35 So I guess how did you deal with that?
    0:42:40 How did you deal with keeping it romantic still, even though your business partners?
    0:42:42 Oh God, it wasn’t romantic at all for the first two years.
    0:42:43 It was not.
    0:42:44 It was no romance.
    0:42:50 It’s funny because people ask that stuff and I’m like, no, the first two years were us
    0:42:51 trying to not be poor.
    0:42:55 Like we were just trying to not go bankrupt at that point.
    0:42:58 Our relationship was not in the forefront of mind.
    0:43:01 So it was really the first year.
    0:43:05 I think that what we did learn by necessity was how to communicate with each other.
    0:43:06 I learned how Alex works.
    0:43:09 A lot of people get really intimidated by Alex because what you’ll learn if you get
    0:43:10 close to him is like, he likes one word answers.
    0:43:14 Like he’ll be like, okay, if you’re like, you write him a whole novel, he’s like thumbs
    0:43:15 up.
    0:43:16 Yeah.
    0:43:17 I thought Alex hated me after.
    0:43:18 I was like, why does he hate me?
    0:43:19 Most people do that.
    0:43:20 Right?
    0:43:21 Yeah.
    0:43:24 He’s just like not, he’s not like you bubbly sweet, like not like that at all.
    0:43:25 No.
    0:43:26 It took me time to learn too.
    0:43:27 You know, I joke with everyone that’s on our team.
    0:43:31 I’m like, listen, I thought he hated me too when we first worked together and then we
    0:43:32 got married.
    0:43:33 So apparently he didn’t.
    0:43:36 It was really learning how to communicate with each other, learning like what are my
    0:43:37 nuances?
    0:43:38 Like how does Layla behave?
    0:43:39 And then how does Alex behave?
    0:43:41 And like, how do we behave together?
    0:43:43 The hardest part was that.
    0:43:46 And I think when you get into any relationship and you’re under stress because we were under
    0:43:54 intense stress those first couple of years, it was learning how to use that to our advantage
    0:43:59 to become better versions of ourselves because being around somebody else in close quarters
    0:44:04 exposes you when you’re under stress of where your flaws are or where your weaknesses are.
    0:44:09 And I know for me, like one of the best lessons that Alex taught me early on by just pointing
    0:44:14 it out was I was very cold and I think that I have substantially warmed up.
    0:44:18 I think that if people meet me now, I seem pretty warm in the beginning anyways.
    0:44:19 And I was not that way.
    0:44:20 I was scared.
    0:44:21 I was stressed.
    0:44:22 And I would just shut down.
    0:44:27 And I remember one time we were sitting in the car and I shut down on him because there
    0:44:30 was something that he said and I was upset about it, but I didn’t want to tell him.
    0:44:33 And he looked at me and he was like, I just want to let you know that if you keep doing
    0:44:36 this cold thing, this relationship won’t work.
    0:44:41 But it was funny because what I actually thought in that moment, I wasn’t angry.
    0:44:42 I wasn’t defensive.
    0:44:48 I was like, you know what, any relationship I have in my life, this will be a problem.
    0:44:50 Why not solve it now?
    0:44:51 He’s right.
    0:44:52 I am cold.
    0:44:54 And I remember that was like the switch for me.
    0:44:57 And that was the biggest thing that I had to work on the beginning of our relationship.
    0:45:02 And on the other hand, for Alex, his was probably ego or temper.
    0:45:07 He used to get angry pretty easily and I think under stress even more so.
    0:45:09 And typically when someone’s angry, it’s like, are they angry at themselves?
    0:45:11 You, the situation, you don’t really know.
    0:45:15 But he would get angry and then I would shut down because he was angry and I was scared.
    0:45:20 And so we had to learn that about each other, talk about it, and then learn how to speak
    0:45:21 each other’s language.
    0:45:25 You know, like if Alex is angry, I know how to de-escalate him.
    0:45:29 If I’m stressed, Alex knows how to de-escalate me because we’ve learned and we’ve talked
    0:45:33 about it enough that I’ve said what I need and he has said what he needs.
    0:45:34 It’s a conversation that we have.
    0:45:35 It’s not like I’m guessing.
    0:45:36 You know what I mean?
    0:45:37 I’m not overly like, what do you want me to do?
    0:45:39 You know, like trying to figure out what he wants me to do when he’s angry.
    0:45:42 I’m just like, Hey, when you’re angry, what do you want me to do?
    0:45:45 And I think that’s been the biggest blessing of our relationship is the same way that you
    0:45:47 would talk with a business partner.
    0:45:48 How do we do this in the business?
    0:45:52 We’ve taken that into our relationship, which is there’s nothing that’s not talked about
    0:45:55 like anything to a very high degree.
    0:45:57 We talk about every problem, everything we notice.
    0:45:59 If we’re like, Hey, we feel pretty distant right now.
    0:46:00 Do you feel distant?
    0:46:01 He’s like, Yeah.
    0:46:02 And we’re like, Okay, let’s work on that.
    0:46:04 Or if we’re like, Hey, I feel like we need some space.
    0:46:06 Like I’m just feeling like we are way too close right now.
    0:46:08 Like we’ve had way too much time together.
    0:46:09 I just need like a breathing room.
    0:46:11 We’re like, Okay.
    0:46:16 And so that’s been, I think what’s been a huge contributor to the success of our relationship
    0:46:18 would just be that, you know, taking those same principles that you were talking about
    0:46:22 that you would apply to any productive relationship inside of a workplace and using it in our
    0:46:23 marriage.
    0:46:24 Yeah.
    0:46:25 That’s so healthy.
    0:46:30 Like I know a lot of relationships, they do not feel that open in terms of the communication.
    0:46:34 Like they just feel so scared to tell each other how they actually feel about things.
    0:46:36 So it’s so great that you can work through that.
    0:46:38 Also, I would say this.
    0:46:39 Yeah.
    0:46:43 You can either be scared to communicate something to your partner, or you can be scared of losing
    0:46:44 yourself in the relationship.
    0:46:48 And it’s like, you get one or the other, which is if you’re constantly living in fear
    0:46:51 of what your partner will think, you lose yourself.
    0:46:53 And so I have always kept that forefront of mind.
    0:46:58 I will not compromise, nor will Alex, who I am and who he is.
    0:47:02 I always, and we both really accept each other for who we are, but it’s one thing that I’m
    0:47:03 very adamant about.
    0:47:06 If there’s something that’s happening that I need to communicate how I feel about it,
    0:47:10 or I’m dissatisfied with and same with him, we will do it, even if it hurts our partner’s
    0:47:16 feelings, because we both know that we have to put ourselves and what is true to us, forefront
    0:47:17 of mind.
    0:47:19 Otherwise, our relationship will never work in the long run.
    0:47:22 It might feel good in the short term to avoid that thing, but in the long run, you’re setting
    0:47:23 yourself up for dysfunction.
    0:47:24 Yeah.
    0:47:26 100% and total failure.
    0:47:27 So smart.
    0:47:30 We’ll be right back after a quick break from our sponsors.
    0:47:32 Hey, yeah, ma’am.
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    0:52:26 So I feel like this is a really good segue into behavioral change because you mentioned,
    0:52:30 and Alex mentioned this on the show, that you are the fastest person he knows in terms
    0:52:32 of changing your behavior.
    0:52:37 And so from my research, I found out you used to be afraid of public speaking, and now you
    0:52:41 essentially do that probably every day as a part of your career.
    0:52:43 You also thought you would never be a good manager, and that’s literally what you’re
    0:52:46 known for now in terms of like your management styles.
    0:52:51 So how do you continually adapt and change your behavior in order to succeed?
    0:52:56 I think that when a lot of people talk about behavior change, what they’re really asking
    0:53:01 for is belief or thought change, because if you think about changing behavior, that’s not
    0:53:02 very complicated.
    0:53:03 It’s like, don’t eat the cookie.
    0:53:07 And I think a lot of people want to know, well, how do I not want to eat the cookie?
    0:53:08 That’s what they want to know.
    0:53:09 Because people are like, how do I lose weight?
    0:53:10 I just can’t lose weight.
    0:53:12 And no, you can’t be hungry.
    0:53:14 You don’t know how to tolerate hunger.
    0:53:15 That’s why you can’t lose weight.
    0:53:20 And so it’s not that I lack anxiety, stress, nervousness.
    0:53:23 When we got on this podcast, I was like, my heart was racing.
    0:53:24 Really?
    0:53:26 Happens every time with every podcast.
    0:53:30 If I go up to speak the last speech I did, I got on the stage and I couldn’t, my mouth
    0:53:31 was so dry.
    0:53:33 I thought I was like, I was like, the words for sure won’t come out.
    0:53:37 Like, I’m terrified because I care because I want to make sure that I do a good job.
    0:53:40 I want to feel like I give value to the audience, right?
    0:53:44 But what I’ve learned is to, one, not judge myself for that.
    0:53:46 And two, I can be nervous.
    0:53:47 I can be scared.
    0:53:50 I can be anxious and I can still act like I’m not.
    0:53:54 And that’s the biggest thing that was the unlock for me with behavior change.
    0:53:57 And what has always been was, I don’t need to eliminate feelings.
    0:54:00 I just need to change my relationship with them.
    0:54:03 Most people, what they do is they think, oh, I feel anxious.
    0:54:04 I feel scared.
    0:54:05 I feel nervous.
    0:54:10 I need to rid myself of this feeling so I can act in accordance with my values.
    0:54:11 And with the behavior that I would like to have.
    0:54:13 But that’s not the case at all.
    0:54:17 I need to learn how to befriend these feelings, how to live with these feelings, how to manage
    0:54:23 these feelings, and be okay with these feelings and still take, you know, steps forward anyways.
    0:54:28 And so for me, it’s always been, if I’m feeling stressed or anxious or whatever and I’m trying
    0:54:31 to change a behavior, I just remind myself, you have to level up.
    0:54:32 It’s above the situation.
    0:54:35 It’s not about grabbing the cookie or not grabbing the cookie.
    0:54:37 It’s about what’s my relationship with hunger.
    0:54:39 And so it’s for somebody who’s dieting.
    0:54:40 It’s not that you’re hungry.
    0:54:41 It’s not that you need the cookie.
    0:54:43 It’s not that it’s that you don’t know how to be hungry.
    0:54:47 You can’t tolerate the feeling of hunger in your body for people who get stressed with
    0:54:49 public speaking.
    0:54:50 It’s not that you can’t public speak.
    0:54:54 It’s that you cannot tolerate the feeling of nervousness in your body before you go on
    0:54:55 stage.
    0:55:01 So what I do, despite not wanting to, is I force myself into situations where I know
    0:55:06 that those feelings will be provoked and I practice like visualizing ahead of time.
    0:55:07 The thing’s going to happen.
    0:55:08 I’m going to feel like I’m nervous.
    0:55:09 I’m going to feel like I’m going to throw up.
    0:55:13 I’m going to feel like I’m going to panic, like whatever it may be.
    0:55:16 How will I act despite feeling that way?
    0:55:21 So for example, if I’m public speaking, I visualize myself having a panic attack on
    0:55:23 stage before I’m on stage.
    0:55:26 And then I walk through, what would I really do?
    0:55:29 Because a lot of people just go, jeez, I’d have a panic attack on stage.
    0:55:30 And that’s it.
    0:55:31 That’s it for me, right?
    0:55:32 I’m done.
    0:55:35 Or I’m like, okay, say I have a panic attack on stage.
    0:55:36 Then what?
    0:55:40 If I only last for like two minutes, what’s going to happen the next two minutes?
    0:55:41 I could make a joke about it.
    0:55:45 I could use it as an example for resilience for everybody else that’s watching.
    0:55:47 Like I could make fun of myself.
    0:55:51 There’s so many things that I could do next to actually make that an opportunity, turn
    0:55:54 that challenge into an opportunity, and then I could continue and give my speech.
    0:55:55 Yeah.
    0:55:58 So like if the worst thing happened, what would I do?
    0:55:59 And how would I turn that around?
    0:56:02 Then it makes it not that scary because then you’re like, well, if something bad happens,
    0:56:04 this is my escape plan.
    0:56:05 Right.
    0:56:06 But here’s what I will say.
    0:56:08 It’s not even that because that’s reassuring ourselves.
    0:56:12 That’s saying, okay, well, even if the worst happens, I’ll figure, okay, but what if you
    0:56:13 don’t figure it out?
    0:56:16 Because that’s the other route, which is like, you know, I talked to business owners and
    0:56:17 they’re like, well, what if my business does die?
    0:56:20 And I’m like, okay, then your business dies.
    0:56:21 Then what?
    0:56:23 They’re like, well, I’m like, okay, you’ve like millions of dollars in the banks.
    0:56:24 What are you going to do after that?
    0:56:26 And then they’re like, well, I guess I would start another business.
    0:56:29 And I’m like, okay, so let’s talk about the steps.
    0:56:33 And so I think it’s one talking about what I would do if the worst case scenario happened.
    0:56:40 And then also making peace with the fact that sometimes when the worst case scenario happens,
    0:56:43 we don’t act in accordance with what our plans were.
    0:56:48 And visualizing that and visualizing how I would get over it, that it would be okay.
    0:56:49 So what?
    0:56:53 I expect that at some point in my career, giving a speech or something, like I’m sure
    0:56:56 at some point I’ll like, nobody will know, but I will have a panic attack on stage because
    0:56:57 I can get through it now.
    0:57:00 I can talk through those things, but I’m sure it will happen.
    0:57:04 And when it does, I’ve visualized it enough times that I’ll be okay with it.
    0:57:05 I’m not going to judge myself for it.
    0:57:09 And I hopefully can use it as a lesson for other people to show them that you can do
    0:57:11 things and be scared at the same time.
    0:57:12 And that’s really been like my whole life.
    0:57:15 Like, you’re like, how do you get rid of the anxiety and all that?
    0:57:17 I’m like, it’s never gone away.
    0:57:20 Like hang it out next to me all day, every day.
    0:57:25 But I’ve just learned how to live with it and really act despite feeling a certain way.
    0:57:29 And I think that if you’re not constantly trying to get out of a feeling, the feeling
    0:57:30 will naturally go away anyways.
    0:57:31 Yeah.
    0:57:35 But when you’re constantly trying to rid yourself of a feeling, what happens is that
    0:57:36 feeling sticks.
    0:57:39 But if you’re not trying to rid yourself of it, it is much more likely to fade away.
    0:57:44 So I want to stick on something that you lightly mentioned, which was being uncomfortable, right?
    0:57:49 And I know that you say that one of the things that holds back our younger generations is
    0:57:52 that they don’t want to be uncomfortable.
    0:57:54 I had Wim Hof on the show.
    0:57:55 He’s the ice man.
    0:57:58 He said something similar, but he talks about like being physically uncomfortable in the
    0:58:01 importance of that, that we all wear clothes.
    0:58:03 We have the temperature control on.
    0:58:05 We don’t even want to be cold.
    0:58:07 That’s how far we go with it.
    0:58:08 And then we don’t even unlock the power of our bodies.
    0:58:09 It’s hard to work out.
    0:58:10 So we don’t work out.
    0:58:13 But I think you take it more from like also a mental perspective.
    0:58:19 So I’d love to hear from you in terms of why it’s so important to be uncomfortable sometimes.
    0:58:20 Yeah.
    0:58:24 I do actually think that the physical aspect is useful in many ways.
    0:58:26 I don’t go to the extreme with it.
    0:58:30 Like I lift and I lift really heavy and hard and I’ve done that for a while.
    0:58:33 And that taught me a lot in life, which is you make the most progress when you’re in
    0:58:35 a lot of pain under the bar.
    0:58:41 But I think that it’s important because what feels good is often not good for us.
    0:58:46 And I think that I’ve learned that early on in my life, which is most of the things that
    0:58:48 feel good for us are not.
    0:58:50 But if you, this is what a lot of people think.
    0:58:53 They think, well, gosh, I don’t want to be uncomfortable all of the time.
    0:58:59 But here’s the thing is that those things that are uncomfortable, if done, repeated
    0:59:01 enough times become comfortable.
    0:59:05 And so if you do it in enough areas of your life, it’s ironic because then actually everything
    0:59:07 that is uncomfortable becomes comfortable.
    0:59:11 And so I think it’s just breaking through, getting yourself to take that first step because
    0:59:14 our brains don’t like unpredictability.
    0:59:19 And so the reason anything the first time is so hard is because we can’t predict what
    0:59:20 happens next.
    0:59:24 But the moment we do do that thing, our brain has a new association, it has a memory it’s
    0:59:25 going to make, right?
    0:59:28 And most of the time it’s not as bad as we think.
    0:59:32 And so I think that it’s almost a practice in the sense of I try to do things that are
    0:59:33 uncomfortable with me every day.
    0:59:34 I try to push myself.
    0:59:38 I try to not lean into my feelings, not because I don’t want to.
    0:59:43 I want to, like today, for example, like had a not great night last night and then didn’t
    0:59:47 sleep well because one thing or another that happened at work and then woke up had calls
    0:59:48 at six AM was going.
    0:59:49 I was like, I feel like absolute ass.
    0:59:50 I was like, but you know what?
    0:59:53 I’m going to fucking show up here and I’m going to crush it and I’m going to crush my
    0:59:54 meetings later.
    0:59:55 I’m going to crush my interviews later.
    1:00:00 And I think that every time we do that, what we do is we build confidence within ourselves
    1:00:05 so that every other thing in our life that’s uncomfortable is easier to accomplish.
    1:00:07 And so I think it’s just a matter of building momentum.
    1:00:10 You know, a lot of people are like, well, I just lay, I have a really hard time getting
    1:00:11 uncomfortable.
    1:00:13 I’m like, but you’ve made a habit of being comfortable.
    1:00:14 So you know how to make a habit.
    1:00:16 Now we just got to make a habit in the other direction.
    1:00:17 Yeah.
    1:00:20 It’s funny, but it’s really like you have the power of inertia on your side once you
    1:00:23 start doing it, which is if you start leaning into comfort more and more and more, I have
    1:00:25 a friend that wrote a book called The Comfort Crisis.
    1:00:29 You start to do everything in your life in accordance with the comfort and it’s called
    1:00:30 the comfort creep.
    1:00:32 That’s why he named it versus the opposite direction.
    1:00:36 You start to do everything uncomfortably and it’s discomfort creep.
    1:00:39 You start to notice that in every area of your life, you start to make yourself a little
    1:00:43 more uncomfortable and you start achieving more and more because achieving things comes
    1:00:48 from like the only reason that accomplishments feel good is because we did something that
    1:00:49 was uncomfortable.
    1:00:53 And often people think I have to rid myself of this discomfort to do this thing.
    1:00:57 But no, accomplishments without the discomfort don’t actually feel good.
    1:01:00 And so the reason that successful people are so confident isn’t because they didn’t have
    1:01:01 discomfort and did something.
    1:01:04 It’s because they had so much discomfort and did it anyways.
    1:01:08 And so I think for me, it’s just always been, I encourage people to get uncomfortable.
    1:01:13 I encourage people to also be aware of how to make themselves uncomfortable in a way
    1:01:14 that they can manage.
    1:01:16 It might be, let’s try some small steps first.
    1:01:17 Okay.
    1:01:20 If you’re terrified of public speaking and you’re going to throw up when you get on stage,
    1:01:22 let’s do some podcast interviews online first, right?
    1:01:26 Like maybe let’s make some YouTube videos and then let’s get a stage maybe six months
    1:01:27 down the road.
    1:01:31 And I think that you can stair step your way up to your greatest fears or your greatest
    1:01:35 discomforts and we all have to know ourselves and know what works best.
    1:01:38 Some people can throw themselves in the fire and just like go straight into the most uncomfortable
    1:01:40 situation and come out great.
    1:01:43 Some people that wouldn’t work too well and they have to stair step their way into something
    1:01:44 that’s uncomfortable.
    1:01:47 I think it’s a matter of figuring out what works for you.
    1:01:48 Yeah.
    1:01:49 So I love this topic.
    1:01:51 I kind of want to stay here for a little while.
    1:01:55 I love the topic of motivation because I feel like a lot of my listeners reach out to me
    1:01:58 telling me like they don’t know how to find their motivation and they feel like it’s this
    1:02:04 external thing and they always feel like they need to have the feeling of motivation to get
    1:02:05 something done.
    1:02:09 And I know that you have said in the past that you don’t always stay motivated.
    1:02:12 You don’t do things just because of the way that you feel.
    1:02:14 So I’d love to learn a little bit more about that.
    1:02:20 I think that most people don’t have motivation because they don’t have enough responsibility.
    1:02:25 Go look at the single mom who is raising four kids.
    1:02:26 Does she lack motivation?
    1:02:27 No.
    1:02:28 She has responsibility.
    1:02:33 And so I think a lot of people when they’re talking about motivation, what it really is
    1:02:35 is that they lack responsibility.
    1:02:38 I am responsible for all of the people that work at my company.
    1:02:41 I am responsible for all of the companies that are on portfolio.
    1:02:44 I am responsible for an audience that supports me.
    1:02:46 That’s what I think in my mind.
    1:02:50 So am I going to take the selfless action of doing the thing I want to do, or am I going
    1:02:53 to take the action of doing the thing that’s better for all of them?
    1:02:58 And I think that what a lot of people do is they avoid responsibility, which then decreases
    1:02:59 motivation.
    1:03:03 You don’t feel like doing something when you don’t have a big enough reason.
    1:03:08 Create enough reasons, which is usually people, and you have more motivation to do things.
    1:03:12 So it’s not that I feel motivation every day, but I have a responsibility to the people
    1:03:14 whose lives I have influence over.
    1:03:17 And so every day when I wake up and I have to make the decision, am I going to do this,
    1:03:20 am I going to do this, am I going to do that, am I going to do that, that’s what I’m thinking
    1:03:21 with.
    1:03:25 And so I think that for those people who are asking, you know, I just don’t have the motivation,
    1:03:27 take on more responsibility.
    1:03:32 You won’t even have time to think about how you feel because you’ve just got to do it
    1:03:34 because you’re responsible for other people.
    1:03:37 And I think that we live in a day and age where people lack responsibility.
    1:03:41 I mean, if you even look like the family construct in this country, it’s like completely different
    1:03:43 than it was a long time ago.
    1:03:46 And so we have less pressure to do well.
    1:03:50 We have less pressure to stick with our commitments, and we have less pressure to get uncomfortable.
    1:03:54 But if you’re the person that’s responsible for many other people’s lives, you’ll have
    1:03:57 the motivation much more than you wouldn’t.
    1:03:58 Does that make sense?
    1:04:00 Oh, it totally does.
    1:04:01 I align so much with this.
    1:04:05 I even wrote down some thoughts about this, and it’s like we’re very close in terms of
    1:04:08 what we were saying our approach would be.
    1:04:11 So for example, you were saying before this interview, you kind of felt like crap.
    1:04:14 You didn’t really want to do it, but you showed up, right?
    1:04:15 Me too.
    1:04:17 I almost broke up with my boyfriend last night.
    1:04:19 I had a terrible night.
    1:04:23 I was like, oh God, like I have to be, I have my game face on.
    1:04:27 But at the end of the day, we have to show up because that’s why we’re successful.
    1:04:31 Because we show up even when we don’t feel like showing up.
    1:04:35 And like you, I zoom out, and I think if I don’t show up here, I’m putting my employees
    1:04:36 at jeopardy.
    1:04:39 If I don’t show up today, I’m putting my, my fans aren’t going to have an episode.
    1:04:41 Layla gets a lot of money to talk.
    1:04:44 I’m not going to cancel and like ruin my reputation with Layla.
    1:04:48 It’s like all these things to your point, like you hit the nail on the head.
    1:04:51 I’m responsible for a lot of things.
    1:04:55 So the only way I’m canceling an interview is I literally have strep throat and I can’t
    1:04:56 talk.
    1:05:00 And the other thing I think about is like, if I’m physically able to do the show, if
    1:05:05 something actually does happen, that’s bad to me down the line, at least I did the actions
    1:05:07 that I could to get myself as far as I could.
    1:05:12 And then when I actually am sick, I can be like, all right, I deserve to be sick.
    1:05:13 I can cancel this interview, you know?
    1:05:15 So I think we’re aligned there.
    1:05:16 I love that.
    1:05:17 So interesting.
    1:05:18 All right.
    1:05:20 Let’s talk about the GSD muscle.
    1:05:23 You talk about this get shit done muscle.
    1:05:25 How can we build and develop that muscle?
    1:05:26 Yeah.
    1:05:32 I think this muscle comes from having a low thought to action threshold.
    1:05:35 If I could put it in the right terms, which is if you think a thought and then you take
    1:05:41 action on that thought, a lot of people don’t get shit done because they spend way more
    1:05:44 time in the thought and less time in the action.
    1:05:49 Now I know how to think, but a lot of the times what I need to do is go take action.
    1:05:52 And I think that a lot of the times, and this is like what we were talking about earlier,
    1:05:55 it’s just a theme that I’ve noticed, which is people are staying in their heads so much
    1:05:56 now.
    1:05:59 It’s overthinking, overanalyzing, you know, stuff like you got to build the get shit done
    1:06:02 muscle, which the only way you do that is if the moment that you think about something
    1:06:05 you own your power by taking action immediately.
    1:06:10 The way that you get more power is you take action on a thought faster than others, faster
    1:06:13 than you used to, faster than you did five days ago.
    1:06:19 And so for a lot of people, it’s that, that paired with being able to face the discomfort.
    1:06:22 I mean, like we just talked about, I think that if you want to get shit done, you’re
    1:06:23 going to be uncomfortable.
    1:06:29 And I think that you build that muscle faster when you put it under tension on a more frequent
    1:06:30 basis.
    1:06:32 And so when I think about the get shit done muscle, it’s like any other muscle.
    1:06:36 Which is you’ve got to go to the gym and you’ve got to put a time under tension, right?
    1:06:39 It doesn’t matter if you’re doing higher reps, low reps, weight on the bar, like it’s time
    1:06:41 under tension that builds a muscle.
    1:06:44 It’s the same for the get shit done muscle, which is the moment that you realize that
    1:06:47 it’s okay, thought to action threshold.
    1:06:49 How many more times can you do that and how many situations?
    1:06:52 And so what I like to do for myself when I’m trying to instill that when maybe I feel
    1:06:56 like I’m in a season where I’ve something happened and, you know, didn’t go my way or
    1:07:00 I’m scared or I’m stressed or something’s happening, I write down what are those things
    1:07:02 on a daily basis that I can do.
    1:07:05 I read it at the beginning of the day and I’m like, these are the small things I’m going
    1:07:09 to do to build that muscle today to do my time under tension.
    1:07:11 It might be a hard conversation with a coworker.
    1:07:14 It might be that I have to have a hard conversation with a portfolio company.
    1:07:18 It might be, you know, I start asking myself, what are these things that maybe I’m avoiding
    1:07:23 or could avoid that if I were to do today would make me stronger tomorrow.
    1:07:25 And that is what the get shit done muscle is.
    1:07:30 And I think that a lot of people don’t have it or it’s atrophied because they’re okay
    1:07:32 living with the pink elephant in the room.
    1:07:35 I think that if you have a very strong get shit done muscle, you don’t have a lot of
    1:07:36 dirty laundry.
    1:07:40 Whereas if you do have a very strong get shit done muscle, there’s nothing like there’s
    1:07:41 no pink elephant in the room.
    1:07:42 Like there’s nothing there.
    1:07:43 Like you have a clear conscience.
    1:07:45 That’s how I keep my headspace clear.
    1:07:49 I don’t like having to think about a lot of situations that are like, I want to say like
    1:07:51 not complete, not resolve.
    1:07:52 Open loops.
    1:07:53 Yeah.
    1:07:54 Open loops.
    1:07:55 Like I don’t like having that.
    1:07:57 I don’t like having, if anything bothers me, I feel like there’s anything off with a teammate.
    1:07:59 I just address it immediately.
    1:08:02 And so I think that that’s really where the muscle is and what it comes from.
    1:08:04 And it’s just like anything else.
    1:08:06 Any other muscles, like time under tension is how you’re going to build it.
    1:08:07 I love that.
    1:08:08 Okay.
    1:08:12 So last question to close this part of the interview out.
    1:08:17 What would you give advice to people in their teens and their twenties upcoming generations
    1:08:21 who want to achieve the level of success that you did by your thirties?
    1:08:24 What’s your main piece of advice for them?
    1:08:28 I would say learn to act despite how you feel.
    1:08:29 Yeah.
    1:08:30 Big theme of today’s episode.
    1:08:31 Yeah.
    1:08:34 I think it’s just learn how to act despite what you feel because you’re not going to
    1:08:37 feel good most of the time when you’re making progress towards your goals.
    1:08:41 You know, people congratulate me all the time on the success of the companies that we sold
    1:08:42 and the success that we’re having now.
    1:08:46 And I’m like, yeah, but all the success is propelled by things that are painful, right?
    1:08:47 Yeah.
    1:08:48 There’s experiences that we’ve been through.
    1:08:49 Right.
    1:08:53 And so understand that you, you just have to learn to act despite how you feel.
    1:08:57 And feelings are something to acknowledge, but they’re not directives in terms of how
    1:08:58 to live our life.
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    After her parents’ divorce, Leila Hormozi’s mother spiraled into alcoholism, forcing Leila to grow up fast. Later, when she moved into her father’s more stable home, she became an angry, rebellious teenager without direction. She partied excessively and was arrested six times in 18 months. But a heart-to-heart with her dad sparked a self-development journey that transformed her into the successful entrepreneur she has become. In today’s episode, Leila shares what she has learned about creating lasting behavioral change and becoming the person you aspire to be. 

    Leila Hormozi is an entrepreneur, investor, and philanthropist. She co-founded Acquisition.com with her husband, Alex Hormozi. By the age of 28, she had amassed a net worth of $100M. 

     

    In this episode, Hala and Leila will discuss:

    – How Leila’s turbulent childhood shaped her

    – Her rebellious teenage years

    – The moment that propelled her to change 

    – Why you must act first

    – Ditching entertainment for education

    – Channeling stress and anxiety into learning

    – The top two lessons she learned as a salesperson

    – The importance of being uncomfortable

    – Building the “GSD” muscle

    – And other topics… 

    Leila Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. She is the CEO of Acquisition.com and is known for her expertise in scaling businesses by building flexible infrastructures and effective management systems that foster great workplace cultures and high performance. Following a successful turnaround business venture, she and her husband, Alex Hormozi, packaged his process into a licensing model that scaled to over 4,000+ locations in 4 years. Simultaneously, she launched and scaled three companies, generating $120M+ without external funding. 

    Connect with Leila:

    Leila’s Website: https://www.acquisition.com/ 

    Leila’s LinkedIn: https://www.linkedin.com/in/leila-hormozi-32a580a5/ 

    Leila’s Twitter: https://twitter.com/LeilaHormozi 

    Leila’s Instagram: https://www.instagram.com/leilanhormozi/ 

    Leila’s Facebook: https://www.facebook.com/leila.naghshineh 

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    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

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    TikTok – tiktok.com/@yapwithhala

    Twitter – twitter.com/yapwithhala

     

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