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The Tim Ferriss Show
#628: Q&A with Tim — Revisiting 15+ Years of PR and Marketing Lessons, Time Dilation for Deep Relaxation, The Art of Setting Ultra-High Prices, The Low-Information Diet, Studying Animal Communication, My 3-Day Fasting Protocol, Tools for Handling Adversity, Selling to the Affluent, My Current Coffee and Alcohol Rules, Risk Mitigation, and Much More
Oct 11, 2022
02:11:40
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Quick takeaways
- Preparing for a three-day fast involves following a low-calorie ketogenic diet and getting adequate sleep.
- Launching a nonprofit can benefit from studying successful for-profit launches and borrowing strategies.
- Starting an animal communication journey involves observing dog training and exploring equine therapy.
- Launching a nonprofit focused on coastal resilience requires examining successful launches, leveraging for-profit strategies, and studying fundraising efforts.
- In the luxury mug business, being the first can be more valuable than being the best, and storytelling plays a crucial role in success.
Deep dives
Preparing for a Three-Day Fast
To prepare for a three-day fast, Tim typically follows a low-calorie ketogenic diet two days before the fast. He consumes smaller meals that are predominantly fat and exercises to deplete glycogen stores. Prior to the fast, he gets a lot of sleep and on the fasting day, he drinks a lot of water with electrolytes and walks briskly for several hours. He breaks his fast on the fourth day with a keto meal.
Launching a Nonprofit
When launching a nonprofit, it is helpful to study successful nonprofit launches like Donors Choose and Charity Water. However, many principles from the for-profit world can be applied to launching a nonprofit as well. Looking at trends in the for-profit sector and borrowing strategies from successful businesses can be valuable. Tim suggests reading books like 'The 22 Immutable Laws of Marketing' and 'The 80/20 Principle'. Additionally, the YouTube series by Business Insider on business collapses can provide insights into what works and what doesn't.
Animal Communication Journey
Tim plans to start his animal communication journey by revisiting dog training and observing how hunters interact with animals. He will also explore other areas such as equine therapy to gain further insights into animal communication.
Coastal Resilience Data Project
When launching a nonprofit focused on generating and sharing coastal resilience data, it is beneficial to examine successful nonprofit launches like Donors Choose and Charity Water. It is also recommended to learn from the for-profit world and leverage marketing and promotional strategies used by successful businesses. Tim suggests reading books such as 'The 22 Immutable Laws of Marketing', '1000 True Fans', and 'The 80/20 Principle'. Additionally, studying trends in coastal resilience and fundraising efforts related to similar projects may provide valuable insights and guidance.
Creating a Luxury Mug Business
The podcast episode discusses the decision to grow a business by handcrafting high-quality luxury mugs instead of selling cheap mass-produced ones. The speaker believes that being the first to create a luxury mug brand could be more valuable than trying to be the best. They mention law number one, the law of leadership, which states that being the first is better than being better. They also highlight the importance of creating a compelling story for luxury mug buyers and suggest studying the successes and strategies of luxury brands and contemporary art to gain insights and inspiration.
Evaluating a Luxury Mug Business
The podcast episode delves into ways to evaluate whether pursuing a luxury mug business is worth it. The speaker encourages practical experimentation and testing in the real world to gauge interest and determine if people are willing to buy luxury mugs. Suggestions include setting a budget for testing and trial, considering collaborations with luxury events or awards shows, and studying successful luxury brands and their campaigns. The speaker also emphasizes the importance of storytelling and the role it plays in the success of luxury products.
Recommended Resources and Strategic Approaches
The podcast episode provides recommendations for additional resources and strategic approaches for marketing luxury products. The speaker recommends books such as 'Selling to the Affluent' by Thomas J. Stanley and 'Deluxe: How Luxury Lost Its Luster' by Dana Thomas to gain insights into targeting high-end markets and understanding the dynamics of luxury brands. They also suggest studying luxury brands, their PR firms, and their campaign case studies, as well as creating a 'swipe file' of persuasive ads and marketing tactics. The episode concludes with the advice to set the price first and then build value around it, along with the reminder that success requires asking the right questions and being open to the long game.
Recognizing Reflexive Responses
One of the main ideas discussed in this podcast episode is the importance of recognizing our reflexive responses to undesirable events. The speaker shares personal experiences of defaulting to anger and self-criticism when faced with unexpected challenges. They mention guests such as Tara Brock, Jerry Colonna, Jack Cornfield, and Richard Schwartz, who offer tools and questions to create greater self-awareness and to calm reactivity. The focus is on understanding how our responses to events may be the root of the problem, rather than the events themselves.
Prioritizing Projects
Another key point discussed is the importance of prioritizing projects. The speaker shares a mental model for this process, adapted from Gary Keller, the author of 'The One Thing.' They suggest asking ourselves which tasks on our list, when completed, make other tasks easier or irrelevant. This sorting function is highlighted as a way to achieve clarity in prioritization. Additionally, the speaker mentions the importance of considering the tasks that would leave us feeling proudest at the end of the day, as well as the projects that can still bring success, even if they fail in traditional terms, by providing new skills, relationships, and energy.
25.
How Do You Keep Grounded When Unexpected Life Challenges Try to Knock You Down?
4min
Brought to you by House of Macadamias delicious and nutritious nuts, Wealthfront high-yield savings account, and Vuori Clothing comfortable and durable performance apparel.
Welcome to another episode of The Tim Ferriss Show, where it is usually my job to sit down with world-class performers of all different types to tease out the habits, routines, favorite books, and so on that you can apply and test in your own life. This time, we have a slightly different format, and I’m the guest.
As some of you know, I tested a “fan-supported model” in 2019, but I ended up returning to ads by request. That’s a long story, and you can read more about it at tim.blog/podcastexperiment. I recently sat down with the original supporter group for a fun and live Q&A on YouTube.
In this episode, I answer questions on marketing and product launches, premium pricing, user feedback, fasting routines, podcast advertising, my recent gardening adventures, tools for releasing tension in the iliacus and psoas muscles, my current coffee and alcohol rules, advice for artisans, animal communication, tools for adverse life moments, and more.
Please enjoy!
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[08:27] How I would build clientele/mitigate risk if I were opening a restaurant.
[13:02] Raising awareness for a new productivity tool.
[18:33] Notable contributions during my days as a tech company advisor.
[21:21] Biggest project/challenge at the moment.
[22:02] Biggest takeaway from my own work that often gets overlooked.
[24:47] Thoughts on curated newsletters for information gathering.
[26:47] Recent spiritual shifts?
[30:07] Derek Sivers.
[30:50] New invention: franchise or sell the proprietary system?
[35:41] My experience with Bas Rutten’s O2 breathing device.
[38:19] Encouragement for a caregiver amid a chronic medical situation.
[40:18] Ketamine and bladder damage.
[42:56] Is it always bad to be the bottleneck to your own business?
[44:32] Blogs or newsletters I read every day.
[46:03] First steps on the animal communication journey.
[49:40] Preparing, enduring, and breaking a three-day fast.
[54:43] How to launch a successful nonprofit.
[58:28] Building a luxury brand.
[1:12:52] Favorite recent travel destinations.
[1:13:37] Shredders.
[1:14:06] Outcompeting in a saturated market.
[1:17:43] Coffee vs. tea.
[1:18:35] Limiting alcohol intake.
[1:22:04] Shaved Ice Island.
[1:22:13] Resources for the archery curious.
[1:25:36] Fiction writing.
[1:26:33] Past guests who have inspired me through tough times.
[1:29:14] The mental model that most effectively helps me prioritize.
[1:32:59] Cosmic insignificance therapy (via Four Thousand Weeks).
[1:33:36] Marketing The 4-Hour Workweek in 2007 vs. 2022.
[1:39:14] Metaverse musings.
[1:41:25] How does my garden grow?
[1:43:29] Workout routine.
[1:48:34] Optimizing ROI on ad dollars spent.
[2:01:59] Required reading for someone in need of self-love.
[2:02:16] If asked, would I appear on The Joe Rogan Experience again?
[2:02:40] Have I ever tried backcountry skiing?
[2:03:25] What is Project 555?
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For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.
For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsors
Sign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.
For transcripts of episodes, go to tim.blog/transcripts.
Discover Tim’s books: tim.blog/books.
Follow Tim:
Twitter: twitter.com/tferriss
Instagram: instagram.com/timferriss
YouTube: youtube.com/timferriss
Facebook: facebook.com/timferriss
LinkedIn: linkedin.com/in/timferriss
Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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