Ep. 2451 Inoculate Kids Against Left-Wing Weirdness
Feb 15, 2024
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Connor Boyack, creator of the Tuttle Twins book series, discusses the children's entrepreneur market and the importance of teaching kids about free enterprise and entrepreneurship. The podcast also covers alternative health insurance options, monetizing haters, the importance of privacy and audience growth, and the expansion of the children's entrepreneur market.
The Children's Entrepreneur Market program aims to provide kids aged 5 to 17 with real entrepreneurial experience, allowing them to develop products, pitch to customers, manage money, and provide customer service, fostering a culture of entrepreneurship and instilling free-market principles in the next generation.
By connecting directly with customers through their website and not relying solely on third-party platforms, the Children's Entrepreneur Market program is able to build a strong customer base and maintain direct communication, enabling more effective marketing, promotion, and sharing of ideas with a dedicated community.
Deep dives
The Children's Entrepreneur Market Program: Empowering Young Entrepreneurs
The Children's Entrepreneur Market program was initiated in 2016 in response to the restrictive regulations placed on kids' lemonade stands. The program aims to provide kids aged 5 to 17 with real entrepreneurial experience, allowing them to develop products, pitch to customers, manage money, and provide customer service. Rather than just sitting at a lemonade stand waiting for customers, the program attaches the markets to larger events to provide more foot traffic and enhance the learning experience. By scaling up the program, it aims to engage around half a million kids annually, offering them valuable experiences in entrepreneurship and self-confidence. By emphasizing value creation and the profit motive, the program also aims to introduce kids to the concepts of free enterprise and individualism in a practical and engaging way. With the goal of expanding the program to multiple states and metro areas, the Children's Entrepreneur Market program intends to create long-term connections with families, serving as a stepping stone to educate them on the ideas of liberty and connect them with local organizations promoting freedom.
Expanding the Children's Entrepreneur Market: Scaling Nationwide and Beyond
The success of the Children's Entrepreneur Market program in Utah has prompted its expansion to other states across the United States. By hiring local market managers, the program facilitates the planning and execution of markets in multiple locations. Last year, the program expanded to six additional states, receiving positive responses and facilitating more markets. This year, the program aims to add 20 more states and continue expanding in the following years. The ultimate vision is to have markets in every major metro area, serving nearly half a million kids every year. In addition to the markets, the program plans to introduce a scholarship program, providing seed capital to teenagers looking to grow their businesses. Furthermore, the program aims to establish a mentorship program, connecting successful adult entrepreneurs with young entrepreneurs for guidance and support. By strategically scaling up the program and leveraging partnerships, the Children's Entrepreneur Market program seeks to foster a culture of entrepreneurship and instill free-market principles in the next generation.
The Power of Audience Development and List Building
One valuable lesson learned from the Children's Entrepreneur Market program and the broader Tuttle Twins book series is the importance of audience development and list building. By connecting directly with customers through their website and not relying solely on third-party platforms, they are able to build a strong customer base and maintain direct communication. The power of building a list and audience allows for more effective marketing, promotion of new products, and the ability to share ideas and educational materials with a dedicated community. This audience-centric approach has enabled the program to constantly experiment and iterate on marketing strategies, resulting in substantial growth and impact. By focusing on creating value for their audience and incentivizing them to provide their contact information, the program can continually serve and connect with families, while also forging partnerships with like-minded organizations at the state and local level.
Monetizing Haters and Leveraging Controversy
The entrepreneurial journey of the Children's Entrepreneur Market program and the Tuttle Twins book series has not been without its challenges and criticisms. However, the program and its creators have found ways to turn negative situations into marketing opportunities. When facing criticism and negative press, they have embraced it, leveraging the controversy to generate buzz and engage with their target audience. By creatively responding to critics and transforming negative situations into flash sales or discount offers, they have not only generated sales but also fostered a sense of community among their followers. Their ability to monetize their detractors and turn them into promotional assets demonstrates their marketing acumen, resilience, and commitment to spreading their ideas to a wider audience.
Connor Boyack, president of the Libertas Institute and creator of the Tuttle Twins children's book series, is overseeing an extremely important venture that's rapidly spreading around the country: the children's entrepreneur market.