Living The Red Life

Why you're not a millionaire yet. The underlying reasons why many people struggle to become millionaires. Drawing from my extensive experience in the industry and coaching numerous clients, I highlight common pitfalls such as frequent pivoting, procrastination blended with perfectionism, and an excessive focus on minor details. Consistent action, rather than constantly switching ideas or seeking perfection, is crucial for financial success. The importance of having a clear and compelling way to present and sell one's product, as many entrepreneurs fail to effectively communicate their value proposition.There are also mental and attitudinal barriers that can prevent wealth accumulation. A lack of belief in one’s potential to become a millionaire can significantly hinder progress. This mindset, combined with an inadequate work ethic and a misallocation of effort, often leads to stagnation. I highly advocate for a shift in perspective, urging listeners to adopt a confident, hustle-driven approach to their ventures. By fostering a belief in their ability to achieve substantial financial goals and focusing on high-impact actions, individuals can accelerate their path to becoming millionaires.CHAPTER TITLES1:08 - Overview of reasons for not becoming a millionaire.1:44 - The dangers of changing ideas too frequently.3:00 - How striving for perfection and delaying tasks can hinder progress.4:50 - Importance of launching products without overthinking every detail.7:02 - Why worrying about others' thoughts can paralyze your actions.8:36 - Avoid getting bogged down by minor details that don’t impact the bigger picture.9:32 - Developing effective sales strategies and presenting your product clearly.12:09 - How self-belief and mindset play a crucial role in achieving financial success.14:03 - The importance of surrounding yourself with the right people and influences.15:16 - Setting ambitious goals and understanding their impact on your actions.16:23 - Balancing hustle and smart work for achieving financial milestones.17:33 - Distinguishing between working hard and working smart to maximize productivity.18:09 - Recognizing the essential components and strategies for business growth.18:30 - Final reflections on becoming a millionaire and key takeaways from the episode.Connect with Rudy Mawer:LinkedInInstagramFacebookTwitter

In todays episode, I've got Seth Soloff in the studio, co-founder of Haute Living, about his journey of navigating and evolving in the magazine industry over the past 19 years. Facing many challenges, especially with the declining popularity of print media, Seth adapted by pivoting the business model. Haute Living diversified its revenue streams, focusing more on events, digital, and social media content. They also ventured into new business areas such as launching a jet company and a real estate brokerage. Despite their efforts and continuous learning, Seth emphasizes that the evolution is ongoing, and no one ever really "figures it out," as constant adaptation is crucial for sustained success.The interview touches on Seth's strategic approaches during the COVID-19 pandemic, where they transitioned to hosting virtual events and leveraging social media for business continuity. Seth discusses their use of Facebook and Google ads, underscoring the importance of a strong backend system for tracking leads and sales to truly benefit from advertising efforts. Rudy and Seth also talk about the significance of automations, proper CRM setups, and the necessity of continually learning and evolving in the business landscape. Seth highlights how Haute Living's adaptability and innovative thinking, such as launching a new members-only app, play essential roles in maintaining their relevance and success in the luxury lifestyle market.CHAPTER TITLES1:11 - Introduction to Seth and Haute Living2:21 - The Evolution of Haute Living3:53 - Embracing Digital and Social Media4:43 - Success Stories: Private Jet Booking from Facebook Ads5:52 - The Power of Consistent Learning and Adaptation7:06 - Pivoting to Event-Based Income8:37 - Overcoming Industry Challenges10:12 - Navigating COVID: From In-Person to Virtual Events11:48 - The Importance of Flexibility in Business12:59 - Exploring New Revenue Streams: Jets and Real Estate15:31 - The Importance of Lead Generation and Tracking17:22 - Building Efficient Systems for Scalability20:45 - Lessons in Business Adaptation and Resilience21:28 - Launching the Haute Black Membership App23:09 - Final Thoughts and Contact InformationConnect with Rudy Mawer:LinkedInInstagramFacebookTwitter

The podcast episode emphasizes the critical importance of branding beyond just logos and color schemes. The host argues that true branding is about defining core values, target audience, and unique message. Entrepreneurs are encouraged to spend time figuring out their brand's identity, including what they stand for and what they oppose. A strong, distinct brand can make or break a business, influencing everything from marketing effectiveness to customer loyalty and community building.Through personal anecdotes and examples of successful brands, the host illustrates how a well-defined brand simplifies various aspects of business operations. The discussion includes the role of consistent messaging and the necessity of standing out, even if it means being polarizing. The host advises entrepreneurs to be comfortable with not being universally liked, as a clear and unique brand can lead to greater success and easier marketing efforts. The episode concludes with practical advice on creating content that reflects one's brand and continuously testing and refining brand elements to find what resonates most with the audience.2:01 - The Importance of Branding2:32 - Successful Branding Examples4:00 - Personal Branding Journey5:08 - Defining Branding7:11 - Case Study: Wes Watson7:54 - Variety in Successful Brands8:09 - Creating a Unique Brand8:49 - Reaffirming Your Brand Message10:12 - Consistency in Brand Messaging11:12 - Embracing Polarization in Branding13:09 - The Scientist's Neutral Approach14:07 - Creating a Solid Brand Foundation14:42 - Deep Work for Brand Development15:57 - Testing and Iterating Your Brand16:40 - The Power of ContentConnect with Rudy Mawer:LinkedInInstagramFacebookTwitter

Today I've got Brad Sumrok in the house. Termed "The Apartment King". We discuss the conventional wisdom surrounding education and real estate investment. Brad explains how societal norms lead many to unquestioningly spend large sums on a traditional college education, only to find limited job prospects afterward. Reflecting on his own experience, Brad details his journey through the corporate world, achieving degrees and following the expected path until it left him unfulfilled and financially insecure. His turning point came after reading Rich Dad Poor Dad, which inspired him to explore real estate as a viable alternative to traditional employment.Brad shares how attending seminars and seeking mentorship transformed his career, allowing him to amass a portfolio of over 7,800 apartment units. Initially intimidated by large real estate deals, he emphasizes the importance of starting small and gradually taking on bigger projects. His story highlights how multifamily properties, starting with a 32-unit building, offered a more streamlined and profitable path than single-family investments. He also underscores the value of investing in oneself through education and networking, as these personal investments often yield higher returns than any single asset class. The episode stresses the power of community and continuous learning in achieving long-term success.CHAPTER TITLES1:16 - Brad's Background and Real Estate Journey2:29 - Initial Real Estate Exposure3:04 - First Real Estate Conference Experience4:02 - First Investment: From Single-Family to Multifamily4:44 - Scaling Investments: Raising Capital and Larger Deals6:10 - Financing and Management of Large Multifamily Properties6:52 - Transition to Education and Mentorship8:21 - Building a Community and Event-Based Learning9:04 - Challenges and Relationships in Business11:38 - Mindset and Lessons from Large Deals14:13 - Community Impact vs. Individual Success17:51 - Is Real Estate a Great Investment?18:37 - Investing in Yourself: The Key to Success18:53 - Closing Thoughts & EncouragementConnect with Rudy Mawer:LinkedInInstagramFacebookTwitter

In today's episode I delve into the three phases of lead generation: cold, warm, and ultra-hot leads. Cold leads are those who are unfamiliar with your brand, requiring substantial effort to convert. Warm leads are somewhat familiar with your offerings and have a higher likelihood of conversion, while ultra-hot leads are highly engaged, long-term followers or previous customers ready to make a purchase without much convincing. I cover the importance of transforming cold leads into warm and eventually ultra-hot leads through strategic content creation, effective marketing, and maintaining strong customer relationships.This episode will give you practical steps to increase lead quality and conversion rates, such as creating viral content, optimizing ads, and engaging in joint ventures. Also one that people often overlook is the need for compelling offers and consistent branding to attract and retain leads. By nurturing leads through valuable content and building a loyal community, businesses can achieve higher conversion rates and customer loyalty. I give some examples from various industries, including MLMs, to illustrate the process of turning cold leads into super fans, highlighting the significant revenue potential and customer retention benefits of this approach.CHAPTERS1:31 - The Importance of Lead Generation 2:34 - Challenges with Cold Leads3:09 - Transitioning from Cold to Warm Leads 3:43 - Benefits of Warm Leads 4:09 - Defining Red Hot Leads 5:12 - Strategies to Increase Hot Leads 6:31 - Building a Brand Ecosystem 7:14 - Converting Interest to Engagement 8:23 - Nurturing Leads to Super Hot Status 8:29 - Effective Lead Capture Methods 10:20 - Generating Traffic for Lead Capture 12:25 - Importance of Content Quality 12:57 - Engaging and Retaining Followers 13:36 - Creating Super Fans and Community 18:58 - The importance of building celebrity statusConnect with Rudy Mawer:LinkedInInstagramFacebookTwitter

Jeffrey Hayzlett, an American businessman. Formerly the chief marketing officer of the Eastman Kodak Company, and now the CEO of The Hayzlett Group.Entrepreneurs often fall into the trap of saying yes to everything without considering the ROI and opportunity cost. Instead, they should focus on five key tasks daily and ensure enough time is allocated for these priorities. The discussion also highlights the shift in content strategy from simply gaining eyeballs and ears to capturing hearts and minds, stressing the importance of reaching the right audience with valuable content at the right time.Jeffrey shares his journey of acquiring over 200 businesses and scaling them efficiently by leveraging acquisitions for rapid growth. He underscores the significance of understanding the problems a business solves for its customers and maintaining a firm grasp on the company's value. He also discusses the need for entrepreneurs to build systems that support scalable growth, akin to the McDonald's model. The conversation touches on the importance of data in decision-making, particularly for larger companies, and the benefits of having a strong, capable team to support business operations.CHAPTER TITLES1:21 - Welcome Jeffrey Hayzlett 1:46 - Quick Overview of Jeffrey's Accomplishments 1:55 - Driving Businesses and Leading C-Suite Network 2:31 - Blending Corporate and Entrepreneurial Marketing 2:52 - Journey and Bumps Along the Way 3:20 - Scaling Through Acquisitions 5:27 - Hustle Versus Working Smarter 5:58 - Automate, Delegate, Eliminate10:02 - Learning from Data in Big Companies 11:52 - Building Scalable Systems 13:24 - Importance of Team Dynamics 16:19 - Entertainment and Business Similarities 17:51 - Becoming a Media Company 18:41 - Content Drives Community Connect with Rudy Mawer:LinkedInInstagramFacebookTwitter

The crucial debate between organic and paid advertising. Paid ads are quicker and more predictable results, but organic has the potential to produce an even higher roi. Paid advertising allows for consistent traffic flow and scalable sales, which are essential for building a real business as opposed to a hobby. Paid ads provide control and predictability, making it easier to achieve revenue goals and demonstrate profitable acquisition channels, a critical factor when selling a business to potential buyers. Organic growth, while valuable in the long run, is less predictable and takes longer to yield significant returns.Successful businesses need a balance of both paid and organic strategies. While paid ads offer immediate returns and scalability, organic content is a long-term investment that enhances brand value and trust. Effective paid advertising requires testing, optimization, and a solid product or service. By understanding and leveraging both paid and organic methods, businesses can achieve sustainable growth and improved valuations.CHAPTER TITLES1:17 - The Importance of Both Paid Ads and Organic Growth 1:50 - Why Paid Ads are Essential for Business Consistency 2:51 - Comparing Paid Ads to Organic Growth4:03 - Analogies: Paid Ads vs. Organic Growth4:29 - The Challenges and Benefits of Paid Ads 5:10 - The Long-Term Value of Organic Growth6:17 - Building a Balanced Strategy 6:56 - Organic Growth as a Long-Term Strategy 7:15 - Paid Ads and Business Valuation 8:44 - Examples of Big Brands Using Paid Ads9:10 - The Role of Different Types of Paid Traffic 10:39 - The Myth of Affording Paid Ads 11:58 - Personal Success Stories with Paid Ads12:42 - Integrating Organic Growth and Paid Ads 12:56 - Creating Viral and Branded Content for Organic Growth14:33 - The Importance of Testing in Paid Ads 14:51 - Guidance for Members on Paid and Organic Strategies 16:06 - Summary and Final Thoughts on Paid vs. OrganicConnect with Rudy Mawer:LinkedInInstagramFacebookTwitter

In today's episode we have Ben Press, someone who found some of the greatest stars we have seen in our favorite movies. One he is most known for is securing a role for Amanda Seyfried in "Mamma Mia!" despite initial resistance from the studio, highlighting the importance of persistence and leveraging trusted relationships. He emphasizes never taking no for an answer and building authentic connections that can facilitate achieving significant goals. This mindset, which was crucial in his career as an agent, enabled him to navigate the industry successfully and secure major opportunities for his clients.In the discussion, Ben also delves into his transition from talent representation to the world of entertainment technology startups. He talks about his involvement in ventures like Russell Wilson's TraceMe, which was later acquired by Nike, and his advisory role at Cameo. He explains how celebrities have become more accessible for brand collaborations due to economic changes in the entertainment industry and shares insights on how entrepreneurs can leverage celebrity partnerships for brand growth. His approach combines understanding target demographics, vetting potential celebrity partners, and structuring equity deals to benefit both parties.CHAPTER TITLES1:00 - Introduction and Guest Overview2:08 - From Mailroom to Agent: Ben's Career Journey2:30 - Working with Hollywood Legends3:00 - Packaging America's Next Top Model and Mamma Mia 3:45 - Pivot to Entertainment Tech Startups 4:20 - Leveraging Celebrity for Business Growth 5:00 - Evolution of Celebrity Brand Work6:10 - How to Engage Celebrities for Your Brand7:25 - Vetting and Selecting the Right Celebrity8:45 - Structuring Equity and Compensation Deals 10:15 - The Importance of Fast Decisions in Celebrity Deals 11:00 - Activations and Fundraising with Celebrities 12:21 - Creating Authentic Celebrity Partnerships 13:08 - Case Study: Landing Amanda Seyfried for Mamma Mia 16:23 - Lessons in Persistence and Relationship Building 18:10 - Strategies for Effective Asks 19:27 - Encouraging Staff to Overcome 'No' Responses 20:41 - Turning 'No' into 'Maybe' and 'Maybe' into Meetings Connect with Rudy Mawer:LinkedInInstagramFacebookTwitter

QUESTIONS1:37 - What has been your biggest challenge in growing your business online and how did you overcome it?2:32 - How do you stay motivated and inspired in the face of setbacks?3:28 - What is a breakthrough moment that significantly changed your business trajectory?4:13 - How do you balance your personal branding with company branding in your marketing strategy?5:05 - I'm struggling with creating viral content that resonates with my audience. What is your secret?5:34 - How do you leverage influencer marketing to boost your own brands' visibility?6:05 - What strategies have you found most effective for scaling your ad spend profitably on social media?6:51 - What's the best way that you identify and capitalize on emerging trends in digital marketing?7:54 - How much do you pay attention to data analytics and how does it play a role in your decision-making in your business?8:45 - Can you share a story about a successful collaboration you've had with a celebrity or influencer?9:21 - What is the best way to establish trust in your brand?9:55 - I'm building my first sales funnel. What are the key elements of a successful sales funnel in your experience?10:43 - We're struggling to keep customers. How do you approach customer retention and loyalty in your brand and business?11:50 - I'm just getting my start in digital marketing. What is one piece of advice you would give me right now?12:39 - How do you look at and measure ROI of all of your marketing campaigns?12:57 - What's your approach to content creation and distribution across all of your different platforms?13:34 - How do you manage and motivate a large team to achieve high performance?14:39 - What do you think will be the biggest change in the next five years in the digital marketing and social media space?15:03 - A couple of bad reviews have set our business back a lot. How do you handle negative feedback or criticism about your brand online?16:31 - What is the most valuable lesson you learned from your worst failure?Connect with Rudy Mawer:LinkedInInstagramFacebookTwitter FULL TRANSCRIPT0:00Rudy, what is the most valuable lesson you learned from your worst failure?0:04I think probably the biggest lesson, which is kind of ironic is I'm struggling with creating viral content that resonates with my audience.0:12What is your secret?0:13Something I've learned from a lot of people that are very successful on socials is just like, what do you think will be the biggest change in the next five years in the digital marketing and social media space?0:24The next five years, biggest change will probably be, we're already ahead.0:28I would say we've been doing it over 18 months now.0:31I think it's gonna change how content's made, how content's produced the ability to create content.0:37I think that's gonna be the biggest change.0:38It's a good question too.0:39I think a breakthrough moment.0:41There's been a few in my life.0:42I would say one was my name's Rudy Moore, host of Living the Red Life Podcast.0:47And I'm here to change the way you see your life in your earpiece every single week.0:52If you're ready to start living the red life, ditch the blue pill.0:55Take the red pill, join me in wonderland and change your life.0:59What's up guys?1:00We are back for another Q and A round on the podcast.1:03This is where you get chance to submit questions to me.1:06If you have a question for a future podcast, I try and do one of these every couple of months, send it in on Instagram and while you're there, make sure you D M me and let me know what you're loving about the podcast.1:17And if you can leave a five star review, and I would love to send you some of my free trainings just to thank you for your time.1:24So let's dive into today's Q and A.1:26This is where I try and cover up to 20 questions in 20 minutes.1:30Sometimes a little less.1:31These are questions submitted by the audience staff and here we go.1:35Question time.1:37OK, Rudy first question, what has been your biggest challenge in growing your business online and how did you overcome it?1:44Yeah, I think growing a business online, there's a lot of challenges or any business in general.1:48I'd say the biggest challenge.1:50I think you go through phases in business.1:52So like my biggest challenge to start was like finding a good product and getting traction, selling it.1:57Next challenge after that was probably scaling and like logistics of scaling and operations team.2:04And then I think the next phase is like all the other stuff hr and finance, finance and stuff you don't think about recruitment and then you kind of figure all that out and then it's like managing big systems, multiple companies, multiple entities, lawsuits.2:19IRS audits, big collapses in like a partnership that's making millions people scamming you, people stealing from you.2:27So there's, you know, different problems or biggest problems depending on your face.2:32Next question, how do you stay motivated and inspired in the face of setbacks?2:37I, I think I'm very, it's a good question too because I'm very intrinsically motivated to do this.2:43And I think I have a great mindset where even when we have like a lot of big problems, like to me it's just part of the game and it's a challenge and I always see it that way.2:51I think I've had enough problems in my business and setbacks and failures that most people would have quit by now.2:57But that's one reason I'm still successful because I like a challenge and I, I, I, I just, I guess, I believe maybe I tricked myself into believing from all the books and personal development.3:08But I think I believe that they're all just part of what it takes to be successful and they're just challenging to make me better.3:16So, yeah, I think it's just that belief in myself, belief that challenges and failures are part of the process and you can always learn something from them and hopefully not repeat too many times.3:28Rudy, what is a breakthrough?3:29Moment that significantly changed your business trajectory.3:33I think a breakthrough moment.3:35There's been a few in my life, I would say one was,, when I really got one product that I could scale with ads in a funnel and it helped me scale to millions and build my first million dollar business.3:46I would say another one was like learning, finding masterminds where I could actually travel to these events and meet these people.3:54I'd say another one.3:55I was like you know, partnering with big celebrities and major brands and influencers and a couple of big opportunities there.4:02And then I'd say my newest one is like a big TV show.4:06I can announce in just a couple of weeks what platform it's coming out on, but that's a big one too.4:13How do you balance your personal branding with company branding in your marketing strategy?4:18Yeah, personal brand versus company brand.4:20Good question.4:22I think it's interesting because more I I lean more on personal brand now.4:26I think people care less about your company until you get like to a really big level like 10 X like grands, right?4:33But I mean, it's important to grow your person, like for me and my industry, at least like grow my personal brand first and then grow the company through it.4:40Whereas some people are the opposite, right?4:42E-commerce brands, they grow the company brand and then eventually the founder wants to be famous and talk about how they grew this big company.4:49So cos mine's more like marketing and socials.4:53I I think people wanna do business more with me and then the brand grows behind it.4:57So I, I prioritize me, Rudy, I'm struggling with creating viral content that resonates with my audience.5:05What is your secret?5:06So with viral content, we have a couple of people full, not full time, but like every day they do a few hours where they're literally researching viral content and coming up with concepts similar for me.5:17So part of it is research and looking at trends and then something I've learned from a lot of people that are very successful on socials is just like consistency, right?5:27Do 100 posts that do you think you have chances of going viral and eventually a couple will Rudy.5:34How do you leverage influencer marketing to boost your own brands?5:38Visibility?5:38Yeah, I would say I'm pretty good at that.5:41You know, we have a lot of big celebrities and influences and that boosts my credibility, my reach, my connections, my the power intros, I get the opportunities I get because of it.5:52So I'd say I'm very good at that.5:54And I mean, everyone should be doing that right?5:55Leveraging other people's audiences and other people's years of work to build a tribe and a community for that brand.6:03It's a no brainer, Rudy.6:05What strategies have you found most effective for scaling your ad spend profitably on social media.6:11Yeah, scaling ad spend is a common question.6:14I was literally in Nashville yesterday teaching on this to a bunch of creators and a lot of people say, oh when I scale my ads, my ad spend it flops.6:22And I'm like, well, it's probably because when you start, it's like small warm traffic and then when you scale it's like cold traffic.6:28But I think you know, my biggest tips are lots of creatives, lots of testing, lots of audience testing.6:35And then just having a really good offer and funnel and product, but also being be willing to spend a lot and go in the red and make the money on the back end.6:44Rudy.6:45What's the best way that you identify and capitalize on emerging trends in digital marketing?6:51Yeah.6:51How do I capitalize on trends?6:54I try and pay attention to the market and pick my battles, right?6:57So like some trends, I've not capitalized on crypto and N F T si kind of was super busy running big companies and missed all of that.7:07But I think like a I, I saw it coming, I was in a better place to make advantage of that and we made a million dollars in a few months with A I, we've had now like 70 I mean, 67,000 people registering for our A I events.7:21And we've got hundreds of members in like our A I intensive program.7:25So I think for me, it's like seeing what resonates with me not making it faddish.7:30Like, we're genuinely using A I a lot every day, like all day, you know, in our companies and it, it's a big part of our company.7:38So it felt authentic and like, actually exciting.7:42and I do believe it's gonna play a big part in the future.7:45So that was very authentic.7:47So I'm looking at trends but stuff I'm genuinely also interested in and then I'm, I'm going all in on that, Rudy.7:54How much do you pay attention to data analytics?7:56And how does it play a role in your decision making in your business?8:00Yeah, data analytics and data is so important.8:04Like you know, I went through a phase about 23 years ago where I was obsessed with it and I, I still am I just, it's like normal now a part of my business.8:13But I get hourly reports, daily reports, reports on every department reports on every funnel.8:18Like everything, everything is tracked like hiring.8:21We know how many people applied today, how many interviews we did today, how many good people we found today?8:27Yeah, like everything, everything's tracked.8:29Everything you can imagine is tracked when people turn up in the morning.8:32What time they show up?8:34their happiness, staff's happiness rating every day, like everything is tracked, this guy wants you to share a story about a successful collab you've had with a celebrity or influencer.8:45There's been a quite a few, some better than others.8:48Some that I can't name some that I can name.8:51You know, I think,, more recently we've done a lot with some of the, you know, big experts in the industry.8:58Kevin Harrington from Shark Tank, Les Brown, famous motivational speaker, you know, very successful clubs there.9:05I think my first ever successful club was a NFL Super Bowl champion and we did a, a million dollar launch in a couple of weeks.9:14So yeah, definitely, I would say the celebs stuff like 5050 some flop and, and some crush it.9:21Rudy.9:21What is the best way to establish trust in your brand?9:26I think building trust in your brand is a combination of social proof testimonials, proof of results and just putting out a lot of content and being everywhere because there's this repetition effect like Donald Trump knows that.9:41And he was very good at saying make America great again, right?9:45And eventually there's an old saying that if you say something enough times it becomes the truth.9:49So, yeah, I think all of those things combined.9:53Rudy, I'm building my first sales funnel.9:55What are the key elements of a successful sales funnel in your experience of business, key elements of the sales funnel.10:02There's a few on so I actually told that yesterday in Nashville too.10:05So it starts with the offer and the promise and then it goes into like unique selling points and the hooks and the results.10:12And then you need to talk about the system and how it works.10:15Then you want to have some testimonials and social proof.10:18You then want to have like a clear price, right?10:21And price justification.10:23You wanna have a guarantee.10:25And then that's like the main page.10:27After that, you want the ability to have Order Bones and a good checkout page and then you want the ability to up sell and cross sell, then you want the ability to put people into your back end, which might be a webinar, a sales call, an onboarding call, a live event, etcetera.10:43Rudy.10:43We're struggling to keep customers.10:45How do you approach customer retention and loyalty in your brand and business?10:49Yeah, for us, we built a massive customer backend department, like my fulfillment team is more expensive and bigger than most people's companies that I also know in this industry, you know, so you know, our, our, our fulfillment division is as big as, you know, most entrepreneurs, entire company because we care a lot about that and we obviously have a lot of customers and we put a lot of time energy and effort into it.11:13And honestly, it's something I wish I could spend even more time on.11:17But there's always a balance, right.11:18Keeping the business running, expansion, sales and retention.11:22So yeah, it's, it's partly investing in it, which we've done.11:26It's having great people, which we've done.11:28It's having good systems, which we've done.11:30It's adding new stuff and innovating, which we've done.11:33It's listening to custom customer feedback, which we've done, it's cutting out programs that you don't, maybe serve the customers as well as you want, which we've also done.11:44And are we perfect?11:45No, not by any means, but we're always striving to get better.11:49I have.11:49Hi, Rudy.11:50I'm just getting my start in digital marketing.11:52What is one piece of advice if anything you would give me right now?11:56I mean, if you just sign digital marketing, the best way to learn is go work with someone like me because, you know, customers pay me 50 100 150 k a year to learn from me.12:06And if you can work with me, you're gonna learn so much.12:10So, you know, I, I, I wish I had just like flown out and like begged Gary V or someone to work with him for a year.12:18because that would have probably made me like way more successful.12:22So yeah, I would just get in the rooms with the people.12:24and study like I binge watched every podcast, every course, every youtube video on like Facebook ads and funnels to become good at it, Rudy, how do you look at and measure R O I of all of your marketing campaigns?12:39Well, we measure R O I by Funnel by product by platform and then we look holistically at R O I over an entire month versus revenue.12:50Cool Rudy, what's your approach to content creation and distribution across all of your different platforms?12:57So I build content based on like one main platform like Instagram and then we'll splinter it out and recycle it out to other platforms.13:05Eventually, we want to do more curated content per platform, which we do for the podcast we do for youtube and we do for Instagram and then we use that curated content to create sub content and repurpose it for the other platforms.13:19Eventually, I would like to do custom content for every platform, but I focus on unique content and specific content for those main free the podcast, youtube and Insta.13:29And then we go from there.13:31Hey there, Rudy, we have a really large staff.13:34How do you manage and motivate a large team to achieve high performance?13:38I think motivating a big team is a constant battle, right?13:42Like it has to be, you need people that are intrinsically motivated in a fast growing entrepreneurial company.13:49Then you need...

Larry Namer, a veteran in the entertainment industry known for his work with E! Entertainment Television shares his journey of building a multi-billion dollar network from scratch. He highlights the challenges faced and the innovative solutions implemented to overcome financial constraints. Recounting how his team started the network with just $2.5 million, he explains how they maximized resources and leveraged high-quality content like movie trailers and popular shows such as "Talk Soup" and "Howard Stern." He emphasizes the importance of hiring people smarter than oneself and constantly reassessing business strategies to stay relevant and successful.Larry also discusses the role of the Kardashians in turning E! into a global brand, crediting Kris Jenner's strategic guidance in their rise to fame. Reflecting on broader principles of entrepreneurship, he advises listeners to balance passion with practicality, prioritize time management, and stay adaptable to changing environments. His experience extends beyond the U.S., having created successful shows in China and Russia, demonstrating that effective storytelling transcends cultural boundaries. The episode provides valuable insights into the entertainment industry and entrepreneurial wisdom from his extensive career.CHAPTER TITLES0:48 - Welcome Larry from Entertainment TelevisionIntroduction of the guest, Larry, and his background in entertainment television.1:21 - The Origins of E! EntertainmentLarry shares the story of how E! Entertainment was founded with his partner Alan.2:59 - Innovating on a Tight BudgetThe innovative strategies used to start E! Entertainment with limited funds.4:08 - The Role of Interns in Building E!How interns from UT Austin contributed to the early success of E! Entertainment.4:55 - Talk Soup and Early SuccessesThe creation of "Talk Soup" and its impact on the network's growth.5:47 - Leveraging High-Quality ContentHow E! used movie trailers and other content to attract viewers.6:26 - Global Success and Comcast AcquisitionDiscussion on E!'s growth into a global brand and its sale to Comcast.7:00 - Strategic Hiring and Talent SelectionThe importance of hiring the best hosts and how it contributed to E!'s success.9:50 - Achieving Success in the Asian MarketLarry's experience with writing and producing a sitcom in China.10:53 - Key Lessons for EntrepreneursThree crucial lessons for entrepreneurs from Larry's career.12:09 - Balancing Passion with PracticalityThe need to balance passion projects with financial viability.16:50 - The Reality of Reality TVInsights into the behind-the-scenes workings of reality television shows.18:41 - The Importance of AdaptabilityEmphasizing the need to adapt to changing business environments and technologies.Connect with Rudy Mawer:LinkedInInstagramFacebookTwitter