Codie Sanchez, co-founder of Unconventional Acquisitions, shares insights on leveraging your audience for profit in a sustainable way. She emphasizes the importance of buying businesses instead of starting them. The podcast covers topics like handling criticism, turning negative comments into motivation, embracing difficulties for success, and tailoring marketing messaging to fear or greed in different markets.
Read more
AI Summary
Highlights
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Prioritizing revenue in the early stages of building a content business is crucial for long-term success.
Acquiring established businesses aligned with the creator's audience and expertise can accelerate growth and provide operational support.
Adapting marketing messaging to reflect the prevailing market sentiment is essential for effectively reaching and engaging the target audience.
Deep dives
Starting as a hobby to building a content business
The podcast episode discusses the journey of building a content business. The speaker shares their personal experience of starting the business as a hobby and gradually growing it over time. They highlight the importance of starting small and slowly building a team to support the business operations.
Choosing between audience and revenue
The podcast explores the common dilemma faced by creators of whether to focus on growing an audience or generating revenue. They discuss the significance of prioritizing revenue in the early stages, using professional skills to sell products or services, and gradually building an audience after establishing a stable income.
Benefits of acquiring existing businesses
The podcast highlights the advantages of acquiring established businesses rather than starting from scratch. They emphasize the value of buying businesses that align with the creator's audience and expertise. Acquisitions can provide ready-made infrastructure, operational support, and access to specialized teams, enabling faster growth and integration into the creator's ecosystem.
Navigating contracts and negotiations
The podcast touches on the importance of understanding contracts and negotiations when it comes to business acquisitions and partnerships. They discuss the need for legal expertise in reviewing and negotiating contracts to protect one's interests and ensure fair terms. It is emphasized that reading the fine print and having clear agreements are crucial to avoid regret and preserve long-term value.
Growing Audience and Creating Content
In the podcast episode, the importance of growing an audience and creating content is emphasized. The hosts suggest that creators and entrepreneurs should double down on growing their audience and accelerate their content creation efforts. They highlight that even during an economic downturn, there are always people with money and by increasing audience size, creators can still reach a portion of their audience who are willing to invest. The hosts advise focusing on serving the ideal customer and building an audience around them to maximize opportunities in a troubled economy.
Adapting Messaging to Market Conditions
The hosts discuss the significance of adapting marketing messaging to reflect the current market conditions. They explain that every market is driven by either fear or greed, and it is crucial to understand the prevailing sentiment. In a fear-based market, messaging should address the concerns and needs of customers, while in a greed-based market, messaging can play on aspirations for wealth and success. The hosts stress the importance of aligning messaging with the current economic climate and tailoring it to address the fears or desires of the target audience.
Codie Sanchez, co-founder of Unconventional Acquisitions and founder of the Contrarian Thinking newsletter, is on a mission to create financially free and free-thinking humans.
Tune in this week to discover why you can’t chase an audience and money simultaneously or you won’t catch either. Codie shares how to leverage your audience for profit in a sustainable way and why we should be buying businesses, not starting them.