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What if you could launch your project and have a super-engaged audience lining up to buy your product? So many blogs, and guruâs harp on having a big email list before you launch. What if it wasnât about that? What if it was about how engaged they are?
"90% of the people who sign up for my Giveaways end up reading their email, and about 50-60% respond to that email", Timothy Moser, MasterOfMemory.com
This rings true for a lot of things. If you have a tiny list of raving fans, I guarantee you will convert higher rates, and get MORE sales from that list then you would have if you only focussed on the quantity.Using a Giveaway Strategy in another niche has helped Timothy Moser get an almost unheard of 10% conversion rate (from lead to sale). This unique selling strategy focused on nurturing your leads, and getting them super engaged, and ready to buy anything youâre selling.
Before Timothy Moser started Master of Memory, a website that offers free information and courses on how to memorize anything, he was a lot like many people trying to get their start on the internet.
He had been listening to podcasts and reading blogs on how to start a business online.
Memorization and learning had always been a passion of Timâs. One day Tim was googling around for more information to improve his own skills....
But he didnât find much.
He mostly found forum posts, but certainly no central hub to learn the best techniques for remembering someoneâs name you just met, or Spanish verb conjugation.
So Tim threw up a website for fun hoping to make some beer money with banner adsâŠ
When Timothyâs website, MasterOfMemory.com, blew up!
Even though he decided early to focus his brand around giving away ALL his information for free, he was still able to monetize the site within 3 months by selling a course on learning Spanish where enrollees get personal attention from native speakers online.
His Unique Selling Proposition for that course was to use the advanced memorization techniques he had learned and apply it to learning âboringâ vocabulary and grammar.
This podcast isnât on how to memorize anything⊠Go to MasterOfMemory.com for that infoâŠ
You will learn:
Why Timothy spends hundreds of hours offering free, one-on-one teaching to people who havenât bought yet even though he knows it is not likely that the people he helps will actually buy his course Why you need to focus on a BIG first day for your launch How to set up your own Giveaway with nothing more than a Gmail account and a spreadsheet How sometimes making people do MORE work is better for sales than making a task as easy as possible. The psychological difference between a âlaunchâ and âdrawing :) â, and how it can drive salesContact Khierstyn at www.khierstyn.com
Show Notes:
MasterOfMemory.com
The Ultimate Guide To Use Hangouts On Air For Webinars - By Pat Flynn of SmartPassiveIncome.com
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Gareth Everard ran a wildly successful crowdfunding campaign when he launched the first product that led to the founding of Rockwell Razors. He used that first campaign to launch several other successful product lines and made the transition to make it a sustainable brand. But his road to success was not an easy one. In todayâs episode, Gareth shares his story of the manufacturing problems he ran into and what he did to keep those troubles from causing his product to fail. If youâre launching a product, or even thinking about it, youâll want to join us and learn all you can from Garethâs experience.
What made Gareth Everardâs crowdfunding campaign so successful?Gareth Everardâs first crowdfunding campaign exceeded its goal the first day and made 12 times that goal by the end of the campaign! In this episode, Gareth talks about how he chose his product, how an online community made a huge difference in the success of his campaign, and how he navigated the challenges that came his way. Listen in to gain some great tips and ideas for a successful crowdfunding campaign.
When your crowdfunding campaign becomes a series of unfortunate eventsAs Gareth Everard describes it, his crowdfunding campaign became a series of unfortunate events when he discovered that his manufacturer had massively misled him regarding their capability for producing a quality product. In this episode, Gareth tells me about how he overcame this huge obstacle in a way that allowed him to keep his backers and customers and successfully launch additional products. It wasnât easy. Listen in and learn from Garethâs experience how you can prevent your crowdfunding campaign from ruining your life.
The one factor that made Gareth Everard successful turning his campaign into an actual businessAre you wondering how to create a business out of your crowdfunding campaign? Do you want to learn from someone who did it well? Gareth Everard was successful in turning his campaign into an actual business. In this episode, he talks about the one factor that played the biggest part in his success. And itâs not what you might think. Listen to this interview to learn what you need to do to keep your backers and customers receptive to new products.
Is Kickstarter or Indiegogo the better creator for my crowdfunding campaign?Are you trying to decide which creator would be the best for you to use for your crowdfunding campaign? In this episode, Gareth Everard provides some insight into Kickstarter and Indiegogo and which one will likely best serve your needs, based on where you are in your product development. Listen in for some great advice that will help you make a good decision about the platform you want for your campaign.
Outline of This Episode Introducing one of my favorite humans, Gareth Everard, founder of Rockwell Razors. How Rockwell got started, in Garethâs senior year of college. How Gareth chose what product to go after. To what did Gareth Everard attribute his overnight success? When your crowdfunding campaign becomes a series of unfortunate events. What Gareth did with the new manufacturer to make sure the same problems didnât happen again. Garethâs advice on manufacturing and fulfillment. Setting pricing and shipping and customer perception. The one factor that made Gareth Everard successful turning his campaign into an actual business. How Backer Kit helped Gareth decide on new products. Using backerKit to recover transactions that are lost due to Kickstarter. Is Kickstarter or Indiegogo the best creator for my crowdfunding campaign? Two words of advice for anyone launching a campaign. Resources Mentioned RockwellRazors.com Garethâs E-mail - Include âCrowdfunding Uncutâ in the subject line Tech Crunch: How to fail at Kickstarter even if you get funded Venture beat: How my Kickstarter blew up my life Shipfusion Episode #60: Reversing the Manufacturing Death Spiral Wicked Edge Reddit community Khierstynâs Physical Product Checklist Leave a review on iTunes Contact Khierstyn at www.khierstyn.com Sponsors BackerKit - use the code âuncutâ to get 50% off set-up charges Gadget Flow -
Rachel Pedersen is a Facebook marketing strategy specialist. In this episode, she helps you dig deeper into Facebook advertising and shares her most helpful tips and insights into how to do it well. Rachel provides solid answers to detailed questions. Listen to this interview to learn how to use Facebook ads in a way that will stand out, engage your audience, and lead to a successful product launch.
Targeting: Who is your potential market, and what message will resonate with them?The first step in preparing for your product launch is to identify your potential audience and find out what message will resonate with them. In this episode, Rachel Pedersen explains how vital this step is to your entire Facebook marketing strategy, and details the ways you can test your market so that you donât spend money on ads that may be ineffective. Listen to this interview to find out how to set yourself up for success by knowing ahead of time what is going to attract your market.
How to write good copy for Facebook adsGood copy is essential to effective Facebook marketing strategy. As Rachel Pedersen says, âIf your copy isnât explaining the benefits of your product very well it doesnât matter what audience you send it to.â In this episode, Rachel provides instruction on what good copy includes, how to find examples to base your copy on, and how to then test your copy to be sure it resonates with your market. Listen to this podcast to get a head start on writing great copy for your Facebook ads!
How e-mails and Facebook ads work together for a successful product launchYour e-mail audience is your warmest audience. They have already indicated interest in your product. In this episode, Rachel Pederson talks about the importance of communicating with them, and gives tips for targeting Facebook ads to your e-mail audience so that they see your product launch everywhere and donât forget to be part of it. Listen in to learn about using your e-mail audience as a vital part of your Facebook marketing strategy.
Tips for creating a lookalike audience on FacebookIs the best Facebook audience a lookalike audience based on your e-mail list? The answer to that question depends on several factors, including the size of your e-mail list. In this interview, Rachel Pederson explains what is needed to create an accurate lookalike audience, and how to make adjustments as you gather more data. Listen in to learn about creating a lookalike audience and to gain other helpful tips and insights from this Facebook marketing strategy expert.
Outline of This Episode Introduction to Rachel Pedersen and this episode on Facebook marketing strategy Figuring out who your market is and how your message resonates. Why is the testing and validation part so important to not skip? Defining online sales funnels. How and when to test your audience, copy, and creatives. How to write good copy for Facebook ads. Taking into consideration the flow of how someone reads a Facebook ad. How and when is the right time to boost a post when you might get more traction with it, based on having social proof already? The relationship between engagement and social proof. Is there a default objective that people should start with? Thank you to our sponsor: BackerKit How can we apply re-marketing to future campaigns? How e-mails and Facebook ads work together for a successful product launch. The importance of communicating with your crowdfunding audience. Driving a cold audience to your Kickstarter campaign. Remember to use gifting holidays that fall into your campaign dates. Tips for creating a lookalike audience on Facebook. Is there any easy way to import Kickstarter conversion data into FB or a third party tool to make it easy to calculate cost per acquisition? What Rachel Pedersen looks for when people want to work with her for their product launch. Whatâs your favorite product you have ever worked on? Wish I had worked on. Travel purse. My favorite is Pavlock. Cool to be part of that and see how it progressed. Maniche. I like taking on innovative mommy products. Resources Mentioned Crowdfunding Uncut Episode 47 - Social Media Strategy with Rachel Pederson Nicholas Kuzmich Rachelpedersen.com TheMrsPedersen (handle for all social media platforms) Luxilitarian travel bag Pavlock Khierstynâs e-mail: [email protected] Leave a review on iTunes Sponsor BackerKit - use the code âuncutâ to get 50% off of startup services -
"The smartest thing we did was reject old fashion, old media, old world advice of how to trick people into giving you their money" - Max Temkin
If you are becoming frustrated, depressed, and disillusioned learning about how to raise money to fund your project, then this podcast will inspire you.
Max Temkin has directly raised, or advised in a number of projects that have raised over $10 million total on Kickstarter.
You MAY have heard of themâŠ
In December, 2015, Max raised $1,479,046 for "Secret Hitler", a social deduction table game based in pre World War 2 Germany. Players have to help or hinder the beautifully illustrated Junta-Komodo-Dragon-Adolf-Hitler from taking over the government. His goal was $54,450 and he raised over $100,000 in the first 24 hours.
But that is not where he started.
His first project was Cards Against Humanity, one of the first games in the early days of Kickstarter, raised "only" $15,540 but since exploded and has been #1 Best Seller on Amazon for Toys and Games for as long as we can remember.
(...and is a staple at every games night I host with friends!)
In fact, Cards Against Humanity, as of publishing, occupies 3 - WOW! - of the top 20 spots on the Amazon.com Best Seller List including the TOP 2, besting classics like Jenga and Connect 4.
Max also helped advise his friends who made the Most Backed Game in Kickstarter history, Exploding Kittens, which raised $8,782,571.
Max understands Kickstarter, the Kickstarter Community, and his audience, probably better than anyone on the planet.
But Max is not a "marketer". He hates "gimmicks" and "tricks" and "gurus who don't know what they are talking about".
If you are feeling jaded by the Kickstarter Marketing World, and think that in order to fund your project you need to sacrifice your vision, then listen now. It will be the best 38 minutes of your day, guaranteed!
You will discover
The number #1 Trend in Kickstarter Today Why Max still has the "fear to launch" and it never goes away, even after millions of dollars raised Why it is important to ignore the temptation to look for "tricks" and "gimmicks" to hit your goal and "focus on the art" Why no one knows really knows what the future of your project, or any project, holds What it means to "front load" your project, and why it is absolutely critical to the success of your project (...and also when it isn't!) Why âfailing a project is a giftâ...and how to embrace failure so "you are not on the hook to build something nobody wants" Why you should never take the money if you don't reach your funding goal on Indiegogo Why you should "Show don't tell" to sell your project The importance of "user testing" and "iteration" to produce the best product possible before you launch your campaign (Max took a year and over a hundred iterations to get Secret Hitler just right The importance of knowing your market better than they know themselves The difference between "a good project and a good life" Why your story is so important and why you need to be crystal clear communicating what it is about Your page should clearly explain why a backer should not fund your project How crushing his funding goal on Cards Against Humanity set the project delivery backFamous last words:
"Finally, I am not the funniest guy in the room"
-Del Close
Resources Mentioned:
Connect with Max on Twitter
Secret Hitler
Secret Hitler Website Secret Hitler Kickstarter Campaign Secret Hitler on ForbesCards Against Humanity
Cards Against Humanity Website Cards Against Humanity Kickstarter Page Cards Against Humanity Review Kickstarter CASE STUDY: Cards Against Humanity Buy Cards Against Humanity on AmazonMaxâs Other Projects
Humans vs Zombies - Help develop the software that powers games of Humans vs. Zombies at over 350 locations and universities all over the world. Philosophy Posters - Ten giant philosophy posters with big ideas presented simply. Wearwolf - A simple game about deceiving your friends. Maxistentialism Zine - A monthly zine about philosophy, design, humor, and social insects, delivered to your door for one year. Spelunky Dance - An interpretive dance for Andy Baio.Exploding Kittens
Exploding Kittens Website Exploding Kittens Kickstarter Page Exploding Kittens on Forbes Buy Exploding Kittens on AmazonCONNECT WITH KHIERSTYN: www.khierstyn.com
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Goodnight Stories for Rebel Girls, a book of short stories about extraordinary women, surpassed one million in preorders, in spite of the small budget that was available for advertising. Elena Favilli and Francesca Cavallo did not expect the success that came their way. But, looking back, they have realized the steps they took that all worked together for their project to become the most funded book in crowdfunding history. Listen to this interview with Elena Favilli to hear the story of their campaign and learn the secrets to their success.
How to know if there is a market for your productTesting the market for Goodnight Stories for Rebel Girls began with Elena and Francescaâs newsletter audience. In this episode, Elena details how they entered into open dialogue with their readers and how that dialogue informed the decisions they made and eventually led to the launch of their book. Listen to this conversation to learn how you can engage your audience early in your project and ensure that you are creating something they really want.
Taking orders before your product goes live - Does it help or hurt your campaign?Once Elena knew that there was a market for her product, she sent out a Google doc with a link to purchase. While it might seem that this could be a mistake and hurt her campaign, the result was quite the opposite. In this interview, Elena discusses how they went about choosing the people who would receive the Google doc, and how the response to it drove the success of their campaign and helped them exceed their goals even with their small marketing budget.
How to keep the community energized throughout your campaignKeeping the community #engaged and energized throughout their# campaign was important to Elena and Francesca of Goodnight Stories for Rebel Girls. In this episode, Elena explains how they managed their updates and stretch goals in such a way that their community became their ambassadors for their campaign. The engaged community was a major factor in allowing their launch to succeed with a small advertising budget. Listen in to find out what you can do to keep your community energized!
Elena Favilliâs top two marketing tips for people on a budget with a great productElena Favilli has two marketing tips for anyone who has a great product and a tight budget. First, do a lot of research for journalists who might be interested in covering your campaign. Second, make your video great. In this episode, Elena shares details about both strategies. She clarifies when and how to establish relationships with journalists that can help your campaign succeed, and describes the most important qualities for your video, which donât include spending a lot of money on it. Listen to this interview to get the details on these two tips that can lead to a successful campaign on a small budget!
Outline of This Episode Why Khierstyn loves Backerkit (sponsor Info). Introducing Elena Favilli and the surprising success of Goodnight Stories for Rebel Girls Elenaâs first steps in discovering that there was a market for her product. Elenaâs story of testing the market and starting preorders before the campaign. The process and effect of taking pre-orders before the Goodnight Stories campaign. How Elena chose the people for the preorder release Break: BackerKit - How to keep organized after your campaign (sponsor info). The value of validating your product and educating yourself on the crowdfunding process. How Goodnight Stories kept building and avoided the mid-campaign slump. Keeping the community energized through updates and stretch goals. How Elena and Francesca used their small advertising budget. Elenaâs top two marketing tips for people on a budget with a great product. How Elena pitched her project to journalists. How Elena and Francesca completed their launch without outside help. Khierstynâs similar experience with validation, and your invitation to Crowdfunding Product Launch Academy.
If you would like to contact Khierstyn, please visit www.khierstyn.com Resources Mentioned Elenaâs Rebel Girls website Launch, byJeff Walker Ask, by Ryan Levesque Brian Harris (10K Subs) Friezen (printer in Canada) The Crowdfunding Product Academy Khierstynâs Physical Product Checklist Leave a review on iTunes Sponsors BackerKit - use the code âuncutâ to get 50% off setup services Gadget Flow -
Have you ever seen a Mystic Unicorn poop creamy, delicious, ice cream?
If you caught the viral sensation ad for the Squatty Potty then you are familiar with some of Derralâs work.
But Derral was not always making millions of dollars for himself and his clients creating incredible direct response video ads.
After Derral Eves graduate from college with a degree in Public Relations and Advertising he landed his âdream jobâ:
As a Hospital Administrator.
No Really. That WAS his dream job. And he loved it⊠at first.
Within six months of diving in he had saved his new company $680,000 and went to his boss for a $10,000 per year raise. A 1.5% commission seems like a pretty good deal eh?
Well, not according to his boss, because if Derral got the tiny raise he was asking for he would be making more money than his direct supervisor. We wouldnât want to rock the boat over a measly $680,000 saved in the first six months on the job, would we?
âI knew right then and there that I needed to get out... I needed to work somewhere where my work was appreciated.â
Despite having a brand new baby and wanting the security of a salary for his family, in 1999 Derral ended up in business for himself generating traffic for websites and doing internet marketing.
In the early days, Derral was being paid a base for his work but ALSO a commission of final sales, so he was looking for every possible way to get visits to convert into sales.
And video was his Golden Ticket.
Fast forward to 2016, Derral has been the Executive Producer and Project Lead for the Squatty Potty ad, heâs launched the musical careers of the Piano Guys from retail piano store owners to global sensation, and recently celebrated over 1.8 BILLION total views on Youtube from videos he has produced.
This episode is NOT about a specific crowdfunding project or crowdfunding necessarily.
But it IS about the most crucial element of your crowdfunding campaign that you have to nail if you want to beat your funding goal: Your Video.
People who come to your page will base the majority of their buying decision on quality of the MESSAGE in the video, (fortunately, NOT the âexpensivenessâ of the production). In this episode, Derral is going to teach you exactly how to make a video with a MESSAGE that sells.
Derral considers himself a student of crowdfunding videos and offers up a number of wildly successful crowdfunded campaign videos as examples of his concepts at work.
This could be the most actionable podcast I have ever recorded. Pay attention, listen to it at least a half a dozen times.
Especially pay attention to how to study successful crowdfunding video online, and it will all but guarantee you hit your crowdfunding goal.
You will learn:
The 5 Step The Power Pitch Formula Derral uses in EVERY single one of his videos, beit a sales video for a Shark Tank client, a 1 minute sneak peek video for his own sites, to drive traffic, sales, and virality. How to get someone like Howard Stern to endorse your product, and how to leverage that endorsement into credibility and sales. Why your crowdfunding video MUST inspire for it to have a chance. Why Derral doesnât work on the FIRST 15 seconds of his videos until the AFTER the rest is done, and why he spends MORE TIME working on the intro than the rest of the video combined. Why every single video you make needs just ONE Call To Action. The biggest mistake most video marketers make that kills sales, and how to avoid it in your campaign. Why video is the BEST way to sell your products and services without you being in the room face to face with your prospect. Why â30 seconds adsâ are a relic from TV and long form âedutainmentâ ads on the internet are crushing them in sales. How to study the most successful Crowdfunding videos to be able to model their structure to basically guarantee your success. Why âauthenticityâ is so important, and how a low budget iPhone video can beat a high budget production if it is more aligned and authentic to your story. The importance of having at least three âcredibility piecesâ, and how you can get them even if you consider yourself an âunknown, inexperienced, rookieâ.
To contact Khierstyn visit www.khierstyn.com -
Wondering how to get product validation and calculate your costs? Todayâs conversation with Brian Creager is a great place to get started. In three years, Brian went from $500 a month to $250,000 a month! Listen to this episode to hear Brianâs expert advice about how to find a product, how to tap into the market for that product, and how to discover costs and set prices. If you want to crowdfund a product and sell online, you need to listen to this episode!
How do you know if your product will sell?Your first step for selling your product is to see if it will sell. But how do you know what type of product to choose? In todayâs episode, Brian Creager describes product types and gives wise advice about how to choose products when you are getting started. Something truly innovative? A product similar to others out there, that does it better, faster, cheaper? Where is your best chance for success? Get answers to these questions and more in todayâs podcast on product validation.
Product validation: Is there a market for your product?You will want to figure out whether or not your product can sell it before you go to the time and expense of making it. But how do you know? In this episode, Brian Creager talks about the steps he takes to validate his products, how to find out the size of your potential market, and how market information influences the choices that he makes about what products to sell. You wonât want to miss Brianâs expert advice about validating your product before launching!
Three things to consider before launching a productWhat are the necessary steps involved with launching a new product? What aspects of a new product should be evaluated before moving forward? Amazon marketing expert Brian Creager shares in this episode four steps that he takes in the process of launching a new product, and how he grades ideas on three specific aspects of the product to help with product validation. This information is invaluable for anyone seeking to market products online. Donât miss it!
Consider other experts in your field as resources, not competition
Outline of This Episode Intro to this episode on product validation: how to find out if your product will sell. Intro to Brian Creager, how he got started selling on Amazon, and how quickly his business grew. Product validation: Is there a market for your product? What is the first step to selling on Amazon? How do I find a product that will sell on Four stages of a product launch, and three aspects to grade when deciding on a product. Thoughts about emotional attachment. How you can do cost analysis. Consider other experts in your field as resources, not competition. Brian Creagerâs perspective on products that fail. One thing Brian Creager would have done differently if he could.
Connections work. Seek out others who sell products similar to yours. Does that sound scary to you? In this episode, Brian Creager, founder and owner of The Product Hatchery, explains the valuable resource that others in your field can be when you start to see them as resources instead of competition. Listen to this podcast and discover how to connect with others in a way that helps you be more effective in the way you launch your product, and less afraid of the competition.Want to get in touch? Go to www.khierstyn.com
Resources Mentioned Briancreager.com The Product Hatchery Sponsors BackerKit - use the code âuncutâ to get your discount Gadget Flow -
Cheat Sheet
Burnout is inevitable if you try to do everything yourself. When you start to feel overwhelmed, that is when you should start outsourcing. Start small, with discrete, one-off tasks, that you could do, but someone else could do a lot better. For example, if you arenât a graphic designer, donât mess around in photoshop! As you get used to outsourcing tiny projects, your confidence in other people and their abilities will grow. Never settle for less than awesome. If you fail to delegate a task that could be better done by a specialist and instead do it yourself, you are settling for less. Settling is the path to mediocrity. An Entrepreneur is someone who builds a team to solve a problem. A solopreneur is someone who tries to do it all themselves. Which do you want to be?About this Episode
If you have been preparing for your Kickstarter or Indiegogo campaign then you are probably finding out just how much stuff you have to do:
Build an audience Source manufacturing Build a website Logos Copywriting Talk to potential customers Iterate Pay your bills in the meantime Patents Sleep Date night with your significant other Etc...Oh yeah! And design your product!
And if you are like most of the people I talk to, you are probably a rookie in most, if not ALL of these categories!
When you are researching any one of these tasks, you have probably realized that you can go REALLY DEEP into any one of them. There are awesome, in-depth products on each one of these fields.
So where do you start - other than with my Product Launch Checklist?
Your time is scarce.
It takes time to execute everything you want to execute...
It takes more time to learn how to execute what you want to executeâŠ
And it takes the MOST TIME to sort through all the information out there just to decide WHAT to learn and who to learn from before getting down to the business of learning and then executing.
And because you may not have the financial resources to go on a mad hiring binge, nor have the experience to be able to properly vet the people you want to hire, you probably fall into what this weekâs guest, Chris Ducker, calls....
SUPERHERO SYNDROME
Superhero syndrome is where we as entrepreneurs try to do everything ourselves.
And that is incredibly overwhelming. It is hard enough to learn one new task as opposed to 10, and to be able to complete the task to your own high standard, let alone your customerâs.
At some point, the only solution is to cut something or hire someone to do it.
Enter Chris Ducker.
Those of you who have been following me for a while will recognize this episode from my original podcast, Entrepreneur Uncut #19.
But I have been getting so many calls from overwhelmed project creators that I decided to repost it for you here.
This episode is a crash course on both how to decide what to outsource, and how to outsource. It applies as much, if not more, to crowdfunding Project Creators as it does to any other entrepreneur.
Chris explains in detail his concept of the 3 Lists Of Freedom that I have personally used to delegate tasks in my business.
When I got started advising entrepreneurs launch crowdfunding campaigns I was doing most of the work myself.
But now, I have a team of people that help me do the copywriting, customer support, and technical work, while I focus on strategy, media outreach, and quarterbacking the whole project.
Listen to this episode, go through the 3 Lists of Freedom exercise, outsource something small, and then get some sleep!
Your business will thank you for it.
If you would like to contact Khierstyn, please visit www.khierstyn.comResources mentioned
ChrisDucker.com
YouPreneur.com
The New Business Podcast
Virtual Staff Finder
Virtual Freedom
Tropical Think Tank
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My guest today is Matt Bodnar. He is the host of the Science is Success podcast and a part of the Fresh Hospitality Firm. Heâs here to share with us today how to get VC investments and whether theyâre right for your business.
Investment with Fresh Hospitality
Fresh Hospitality invests across the food value spectrum. They invest in farming and agriculture through packaged foods. They also invest in technology, marketing, and accounting that fits around their ecosystem. They're able to add immediate value to their clients. They provide the extra resources needed to help growth.
They are very hands on investors. Matt looks at investing as the discovery of value at one end and the creating of value on the other. Companies they invest in already have good value, but Matt wants to increase their value. There's several ways they provide value to their clients.
Thereâs a lot of different ways to work with VCâs. Fresh Hospitality works as a traditional private equity firm. They take more stake in the company and become more hands on. Majority of VCâs take on more of a minority position.
Mattâs Beginning
After graduation Matt worked on Wall Street for several years. Heâs originally from Nashville. His connection there is what brought him into the food and hospitality industry. He found himself in a new dynamic with new challenges. Heâs now starting to find opportunities in the food technology space. While still investing in more traditional farming practices.
Investment in Crowdfunding and the Entrepreneur
Crowdfunding is one of the top platforms for your start up. It improves customer demand and gives you the startup capital you need. Most people will lean more towards a company that started through crowdfunding. It gives them validation of the product.
Itâs important to look at the traction and value of a company when investing. Have your proof of concept ready when approached with an investment. This is something you can get from a successful crowdfunding campaign. Connect yourself with your campaign.
When investing, Matt also looks at the entrepreneur themselves. He wants founders to stay involved with their business and continue to lead. Itâs originally their vision so they should be taking lead on the creative side of the business.
Matt likes to focus more on the back end of a business and scaling the business. Itâs important for Matt when investing to ensure the company connects with Fresh Hospitalityâs current investments. He utilizes the success of his investments to leverage other investment opportunities. Heâs found this increases the value of those investments.
Investment Decisions Vs. Investment Outcomes
Itâs not about the outcome of a decision. Itâs about the decision being the right one. Make yourself a decision journal. When you have big decisions coming up, focus on which ones are most important at that moment. Analyze what the decision is and weigh out the outcomes of making the decision. Once youâve made the decision, analyze what went well and what went bad. By building a log of these decisions you can look back and see how your decision-making skills have grown.
Network Towards an Investment
Most of the clients Matt deals with have sought them out. In the beginning they focused more on being active in seeking clients. Now he gets 5-6 deals pitched to him per week. Heâs been able to garner this traction from referrals and word of mouth.
The platform in which you send your pitch is important. When receiving pitches from an online form or their website, Matt immediately discards it. If heâs given a warm introduction by someone he knows, heâs more inclined to receive the pitch. Itâs a kind of vetting process when it comes to the leads he receives.
Networking goes a long way when asking for an investment. Use your network to reach the people you need to. Itâs much easier to pitch an idea when you have a warm intro. Matt likes to receive pitches in person when possible. If not, heâll ask for a product sample and a 30-minute meeting. He wants to create that personal connection with them before he starts to invest.
Are VC Investments Right for You?
If you think VC investing is for you, make sure itâs the right thing for your business. Itâs a very different life than bootstrapping. The pressure to grow quickly can lead to investing in areas that donât create value. This can be what destroys your business. Most people who look for VC investments are aware of the holes in their business. They are looking for someone who can provide that capital or intellectual capital.
Be clear with yourself on what you want. What kind of lifestyle do you want? Are you capable of taking it there? Be honest with yourself.
Investments in the Food Industry
In the technology world, most VCâs invest in the seed stage. In the food industry, people lean towards investing in companies that have growth. Theyâve already gained traction and have some sort of customer demand. Itâs rare to receive investments in the seed stage in the food industry. The more traction you can get the better chance you have at getting an investment.
Word of mouth will help you get traction. There are some investors in the food industry still willing to invest early. Use your connections and network to figure out what the ecosystem is right now. Find the right person for the investment youâre looking for. Look for someone whoâs willing to invest in your niche.
Show Intensity, Intelligence, and Integrity
Reputation is very important. Donât sacrifice your integrity for short-term gains. Shortcuts to get ahead end up pulling you back. You can get money easily but building your reputation is difficult. The integrity of an entrepreneur is important for any investor.
Episode Outline
Introduction: How to Find Which Investment is Right for your Business.
Investing with Fresh Hospitality
Mattâs Beginning
Investment in Crowdfunding and the Entrepreneur
Investment Decisions Vs. Investment Outcomes
Network Towards an Investment
Are VC Investments Right for You?
Investments in the Food Industry
Show Intensity, Intelligence, and Integrity
Contact Khierstyn at www.khierstyn.com
Resources and Sponsor
Matt Bodnar
The Science of Success Podcast
Fresh Hospitality
Toxic VC TechCrunch
Follow Matt Bodnar @MattBodnar
Facebook
Twitter
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When weighing the options for crowdfunding, most project creators opt for a months-long process to ensure optimum success. In some cases, however, time is not abundant. This was the case when Bryce Fisher of Ravean Heated Jackets approached his first Kickstarter campaign. The timeline from idea to prototype to crowdfunding campaign was just a few weeks long, giving Bryce a time crunch to meet his goals. The question is, how do you find success with so little time to raise funds? In his chat with Khierstyn, Bryce unveils the secrets that helped Ravean launch with a bang, in spite of having just a couple of weeks.
The importance of marketing in order to spread the word.As Bryce approached the Kickstarter campaign for Ravean, he knew spreading the word quickly would be the only way to find his supporters. With a little trial and error, he was able to connect with his target market via social media and gain incredible support in a short time. Bryce shares some secrets that can help you connect your product to the sometimes-elusive target market that is essential to the success of any crowdfunding campaign. Driving traffic to his site was key, Bryce explains, and his strong focus on those efforts have given him the edge Ravean needs to maintain vigorous support.
The #1 best practice of the Ravean campaign.When planning a crowdfunding campaign, itâs pretty clear customers will either make or break you. Bryce explains why customer validation was the #1 reason for success with his Kickstarter campaign, and how he maintained this as his top priority throughout the campaign. He delves deeper into some key strategies by sharing marketing techniques that truly transformed his campaign. Finding your niche will help to drive all-important organic traffic to the campaign, which saves time and money in gaining support.
Why the campaign picture and headline are key.A great first impression is essential to any interaction. Bryce explains the role of having a clear, eye-catching campaign photo in converting customers. He offers a few tips that can give any crowdfunding campaign the edge. Getting potential supporters to your campaign page is just half the battle and Bryce shares the importance of the details as you create your campaign. He shares his top 3 marketing focuses and how he applied mistakes from his first campaign to his current Indiegogo campaign. By understanding the key differences between Kickstarter and Indiegogo, future crowdfunders will be better equipped to choose the best platform for their product.
Bryce explains whatâs next for Ravean.Bryce shares with great passion the unique heated jackets offered by Ravean and what he sees as the next steps for his company. By continuing to focus on quality and customer validation as top priorities, Bryce believes the sky is the limit for this growing company. After far exceeding the goals set by his first Kickstarter campaign, Ravean continues to see success in the current Indiegogo campaign. He shares his key learnings and future goals for Ravean with Khierstyn.
OUTLINE OF THIS EPISODE: Khierstynâs introduction of Bryce Fisher of Ravean, who shares how he built a successful Kickstarter campaign in a short period of time. Bryce explains his current project status. Understanding Ravean and the inspiration behind the Ravean Heated Jacket. Why Bryce started his campaign later in the process than most, giving himself less time to raise funds. The process of marketing the campaign and spreading the word within the 2-week window. What is the #1 reason for the success of the Ravean Kickstarter campaign? Bryce explains how he drives traffic to the Ravean site. Overcoming the marketing limitations present in a short-term campaign. The #1 best practice during the Ravean campaign. What is the #1 mistake made on this campaign Bryce would avoid in future campaigns? What insight into customers does Kickstarter give you after project completion? Bryceâs reasons for choosing to run an Indiegogo campaign after his Kickstarter campaign. The resources Bryce used in the push to get his campaign off the ground. The importance of understanding the competition in finding traction as you approach your campaign. Setting a realistic marketing budget for a campaign. The top 3 things you should be spending your marketing budget on for a Kickstarter campaign. Indiegogo versus Kickstarter as a crowdfunding platform. Whatâs next for Ravean? Why did Bryce choose to continue using crowdfunding to launch new products after having a successful Kickstarter campaign? Ways to connect with Bryce. RESOURCES MENTIONED IN THIS EPISODE:Ravean
Ravean Indiegogo Campaign
Kickstarter
Indiegogo
Coolest Cooler
CONNECT WITH Bryce: www.Ravean.com
CONNECT WITH KHIERSTYN: www.khierstyn.com
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Crowdfunding platforms like Kickstarter, IndieGoGo, and many others have been around for about 10 years now, and yet there are still lots of people who donât understand why Kickstarter is good for your business. In this quick video, my aim is to explain the power of Kickstarter and other similar crowdfunding platforms and the potential that they have for your business or personal needs.
Put as simply as possible, crowdfunding platforms allow you to raise money for projects with the help of a community, which you then repay with various small physical or non-physical tokens of appreciation. These can be the products that your project ends up producing or anything else thatâs relevant to your project and your supporters. Crowdfunding supporters sometimes get their moneyâs worth and sometimes do it mainly with altruistic purposes. Either way, the bottom line is that understanding the power of Kickstarter and knowing why Kickstarter is good for your business is how many of the most successful entrepreneurs of the last decade realized their projects.
Particularly with physical products, where my specialty is, you need to raise X amount of dollars months ahead of your production schedule so that you can even start your business. To that end, crowdfunding campaigns typically set a certain monetary goal that needs to be reached within a certain amount of time â usually 35 days, but sometimes less or more than that.
Whereas with other traditional investment methods such as bank loans, angel investment, friends & family loans, etc., you can often put yourself in uncomfortable situations, with the power of Kickstarter and other crowdfunding platforms you can go global and contact your future customers directly. And this is another reason why crowdfunding is such a good idea â because it allows you to get in touch with your client base even before youâve created your product and start building upon it in advance.
These are just a couple of the many great benefits that come with crowdfunding. For more tips and strategies about how to plan your Kickstarter campaign, be sure to subscribe.
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Crowdfunding too early is a common mistake a lot of entrepreneurs make with their campaigns. They donât research what to know before crowdfunding before jumping in. Today weâre going to take look at a key stress point in your campaign and how to avoid it.
I have a major beef with many marketing agencies that deal with crowdfunding. They donât talk about the phase of production that comes right after the successful end of your crowdfunding campaign. Most agencies and fundraising coaches give all sorts of crowdfunding tips for making a successful Kickstarter or IndieGoGo campaign. However, by âsuccessfulâ they mean âa campaign thatâs reached 100% of its funding goal.â They talk about what to know before crowdfunding, but only in the context of preparing for the campaign itself. Whatâs usually left unsaid, and what kills a lot of otherwise âsuccessfulâ crowdfunding campaigns, is that theyâre not well prepared for the phase that follows â using the raised funds and manufacturing the planned products.
This is why a lot of campaigns fail to deliver on their promises and why they get delayed for months or even years. Crowdfunding too early can kneecap even the best business concept. It can cause you to fail to predict the exact manufacturing costs, lose key manufacturing partners, and force you to change major aspects of your product. In an ideal world, a crowdfunding campaign should be started when you have a working prototype, or have already manufactured about 100 items and figured out the ins and outs of the whole process.
Otherwise, you risk delivering a different product than what you promised, delaying delivery, and losing potential clients for your brand. Whatâs more, youâll damage the trust that crowdfunding supporters have, both in your brand and in crowdfunding as a whole. None of us want that to happen, so donât make the mistake of crowdfunding too early.
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Can your product succeed on Kickstarter? Weâve been going over different tips and tricks on how to run a successful Kickstarter or IndieGoGo campaign, but itâs time to talk about your product itself. It doesnât matter how well-prepared your campaign is â you first need to see if your product is a good fit for crowdfunding in the first place.
Crowdfunding is an amazing tool for raising money, but it simply canât be done for any and all products â at least not easily. People who support the various fundraising campaigns on Kickstarter, IndieGoGo, and other platforms donât do it out of sheer altruism, nor do they only care about the material incentives theyâll get from supporting it. These things matter, but the main rule here is that crowdfunding supporters tend to gravitate toward interesting, new, and unique products that manage to impress them. So, when wondering how to run a successful Kickstarter campaign, the first thing to do is consider the following three things about your product:
Whatâs your productâs selling point? Whatâs unique about it, what niche can it fill? It doesnât have to be a ânever-before-seen productâ, but there needs to be something new and different about it.
Is your end customer a consumer or is your product intended for a business-to-business model? Can your product succeed on Kickstarter if itâs intended only for social media managers or CEOs? In theory, yes, but generally there are other fundraising platforms and methods that better suit B2B products. For a platform such as Kickstarter or IndieGoGo, you want your product to be something that can catch the interest of a wide consumer base.
Does your product have market validation? Sure, your product has a unique twist, but is it truly one of a kind or are there other similar products out there? The best way to know how to run a successful Kickstarter campaign for your product is to check out how other similar campaigns have fared. A big mistake a lot of people make is taking notes from the campaigns for different products from different niches. This is risky because what works for products from one niche is counterproductive for others, and vice versa. The best case scenario is having a product with existing market validation that still has something unique about it to make it interesting.
Once youâve answered the question âCan your product succeed on Kickstarter?â then itâs time to proceed with your crowdfunding campaign. If you want to learn what to do next, like this video and subscribe to our channel for more insightful crowdfunding tips. -
The Kickstarter popularity algorithm is probably the most overlooked factor for ensuring a successful crowdfunding campaign. If you want to know how to launch a new product on Kickstarter or IndieGoGo successfully the algorithm is something you need to be aware of!
The Kickstarter popularity algorithm is based on the idea of social proof. In order to have social proof a campaign needs early support before the majority of potential backers start to see and support it. In the crowdfunding world this means that we are more likely to support campaigns by unknown creators that have already gathered some support from other people. If we stumble upon a campaign that has been online for a week or more and still hasnât gathered a significant amount of support, we tend to ignore it. Itâs a perfectly natural and understandable response â after all, why would people support something that no one else has any interest in?
And because crowdfunding platforms take a share from successful crowdfunding campaigns they tend to feature and promote only those campaigns that show promise from day one. After all, there are so many campaigns running at any one time, the prime real estate of the home page needs to be reserved for the best of the best! The Kickstarter popularity algorithm includes factors such as the number of backers a campaign has gathered on day one, the number of transactions, the amount of traffic and amount of comments, and the general amount of activity that has happened for your particular campaign.
This is the reason why knowing how to launch a new product on Kickstarter or other crowdfunding platforms is so important â because most of the work has to be done before the campaign has even started. More often than not, to hit your funding goals a campaign has to gather support from the very first day. And for that to happen, you need to have built a significant portion of your audience beforehand.
Pro Tip: when building an audience ahead of launch, donât overlook support from your inner circle (friends and family). Their support can be critical! -
Knowing how to set your Kickstarter goal is a tricky but an extremely important part of your crowdfunding campaign. Funding goals for your Kickstarter project involve a lot of factors, but the bottom line is that the goal has to be reached.
The first thing to understand about crowdfunding goals, particularly on Kickstarter where your campaignâs goal needs to be reached for you to get anything, is that you actually have two goals to consider â the public goal and your personal goal. To properly identify those two goals you need to ask yourself two questions:
âHow much do I * need * to raise for my project?â
âHow much do I * want * to raise for my project?â
These are two very different questions.
More often than not, the trick to achieving your funding goals for your Kickstarter campaign is to set your goal at the level you * need * to raise. The higher sum â your personal goal â can still be reached, but you have a higher chance of reaching both goals if you use the smaller sum as your official public goal.
The reason for this is very simple â the lower your campaignâs goal is, the higher percentage of it will be completed with each consecutive contribution. If you have a goal of $10,000 and someone contributes $500, thatâs 5% of your campaign goal!
However, if youâve set your goal to $100,000, then those $500 will be just 0.5% of your campaign goal. The reason this is important is that fundraising platforms such as Kickstarter and IndieGoGo tend to feature âsuccessfulâ campaigns on their main pages, exposing them to communities of millions of people. So, when wondering how to set your Kickstarter goal, choose the lower number â the one you absolutely need to hit. Once the contributions start rolling and you gain traction among the platformâs audience, youâll find it much easier to reach and pass your initial goal. In fact, by doing this, youâll have a higher chance of reaching your real funding goals for your Kickstarter campaign and bringing your vision to reality! -
Dreaming of launching a kickass crowdfunding campaign for your project? Thereâs one common Kickstarter mistake you need to avoid at all costs. Itâs super important that you keep this in mind when researching how to plan your Kickstarter campaign. Let me explain ⊠The key to success on crowdfunding sites is to really understand the mindset of potential backers. That includes knowing when the right time is to launch your campaign. One thing I see over and over again â and in fact Iâve been guilty of it myself â is people often make the common Kickstarter mistake of launching their campaigns in the fourth quarter of the year. On the face of it, it sounds like a good idea, right? With Black Friday and Christmas around the corner, surely that means increased consumer spending and a greater likelihood of reaching your goals? Right? WRONG! The holiday season doesnât mean more backers. In fact, itâs likely to be the opposite. Hereâs why⊠When considering how to plan your Kickstarter campaign, scratch the surface and work out whatâs going on in the minds of your potential backers. Most campaigns, if successful, will take months before the product is manufactured and delivered. Knowing that backers are reluctant to spend their holiday budget on something they may not see for six months. After all, theyâve got more pressing things to spend their money on, like gifts for friends and family! From a marketing perspective, thereâs also an increased advertising cost youâll need to factor in. Around Black Friday, marketing costs can spike to three or four times what they are during offseason. Why? Well, itâs the time of the year where thereâs a feeding frenzy of competing advertisers all vying to get eyeballs on their products. All that competition drives costs up! Long story short - avoid making the Q4 Kickstarter mistake. Donât do it! For more tips and strategies about how to plan your Kickstarter campaign and execute the perfect launch hit the subscribe button and stay up to date with all my videos.
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In today's episode, we take a look at how MadnessPlanner.com, a current planner brand that's getting ready to release their latest planner, is using Instagram Giveaway contests to gain brand traction and build their audience.
Jocelyn Schade launched Madness Planner on Shopify earlier this year. Madness Planner, as I like to describe it, is the un-planner for creatives.
Planners seem to be one of the hottest products to launch on Kickstarter right now.
But when Jocelyn was searching for a tool to help her focus, she couldn't find one system that really worked for her.
And that's how she got the idea to create a planner for those Mad Ones. The ones that don't want to conform to a system... but want to create your own.
[Me = Guilty]
So, needless to say, she's sold out of her first 500 units fairly quickly.
Jocelyn decided to go to Kickstarter for Version 2.0 of Madness Planner. She decided to take the launch slow and treat that first "500 sold on Shopify" as a way to get customer feedback and focus on creating an even better product for round 2 (Kickstarter).
Part of her early success has been how she's used Instagram Giveaway Contests to build her email list + get early sales.
Listen to our latest episode to see how she used Giveaways to build her list by hundreds in a few short months. -
Khierstynâs guest for this episode of Crowdfunding Uncut is Paul Nadeau, skilled hostage negotiator and the person who is going to revolutionize how you think about stopping self-sabotage. He takes his knowledge of negotiating with people in crises and applies it to personal and professional situations, giving you the best chance at finding success and happiness in your own life. Itâs an episode that is going to help you advance your career, find fulfillment, and learn how to prevent your subconscious from sabotaging your success. Donât miss this insightful and inspirational episode.
How are hostage negotiations and business transactions connected?Paul transitioned from his background in traditional police force work into hostage negotiations because he learned how to communicate persuasively with people - a skill that is necessary for any business environment. He frequently takes people who have reached the end of their rope and renegotiates a situation into one where everyone is given the best chance to succeed and find peace. These scenarios were not approached with an inflated sense of bravado and an abundance of pre-formed answers to the problems at hand. Rather, he followed a refined process that always kept the human factors in mind. On this episode of Crowdfunding Uncut Paul explains to Khierstyn that you canât judge a person before you get into the situation and identify all the details. You must then ask them, "What is it you want? What is going on with you right now?" Making that personal connection with an individual (hostage or potential client) is key for the interaction to be successful. They must know you, like you, and trust you in order for any solution to succeed. Taking your time, having empathy for the individual, and working together towards a solution works for hostage crises and business interactions. Paul draws on his extensive experiences to offer you a great explanation as to why these two seemingly separate scenarios are linked, and itâs something you donât want to miss.
The first step in stopping self-sabotage is learning how to recognize your own self-worthPaul and Khierstyn are adamant on this episode of Crowdfunding Uncut that every individual is worthy of success, happiness, and fulfillment. These wonderful things only come after recognizing your own self-worth. In order to stop self-sabotage, you must take the time to recognize the areas of life that you are struggling in, identify the conscious and subconscious thoughts that are holding you back from succeeding, and eliminate those thought patterns. Khierstyn explains that reality is often 100% contradictory to what your subconscious is telling you. If you take away the bars that are caging you in, nothing can hold you back. For more great advice on learning how to recognize your self-worth, be sure to listen to this podcast episode.
Donât let the negative defining moments in your life create a belief system that dictates your futureEveryone has those moments in our pasts that resurface and tell us weâre not worthy of happiness or success. Paul explains to Khierstyn that there are two ways of handling these moments in retrospect. You can choose to believe that the terrible thing that occurred was your fault, and because of that, you are not worthy. Or you can choose to understand that terrible things happen, it was not your fault, and that you donât have to internalize it and let it define your future. Essentially, you can choose to be a victim or a survivor. The most important moments in your life are the ones that are happening right now, and Paul and Khierstyn want you to recognize you are worthy of enjoying these moments. Donât miss the rest of their conversation on this episode of Crowdfunding Uncut.
Your past does not define you, your future has not yet been written, and you are worthy of success and happinessPerhaps the biggest takeaway from this episode of Crowdfunding Uncut is the fact that there is nothing separating you from success. The other people that you admire and view as successful are no more worthy of that success than you are. Paul explains that your past does not have to define you, you can learn how to renegotiate situations to your benefit, and that your future has not yet been written. You CAN stop self-sabotage, you CAN pursue personal and professional success, and no one can dictate how you choose to feel or react to situations in your life. This podcast episode is sure to make you rethink how you approach your past, present, and future, and itâs one not to be missed.
Outline of This Episode [0:53] Khierstyn introduces her guest for this episode, Paul Nadeau, skilled hostage negotiator and believer in self-worth [4:49] Paulâs journey from police work into a hostage negotiation specialist [10:04] Scenarios where Paulâs negotiation and persuasion skills become essential [14:15] The predictable selling environment vs. working within hostage situations [19:00] The challenge of getting people to open up [24:06] The first step in stopping self-sabotage, utilizing hostage situation skills [31:38] There is nothing separating you from success! [35:12] Donât let the negative defining moments in your life create a belief system that dictates your future [40:50] Life is about the process, not the outcome [43:54] Paul shares how you can get a copy of his new book [46:18] Paulâs famous last words for "unhostaging" yourself Resources & People Mentioned SPONSOR: Gadget Flow - get your project in front of over 25 million people per month and receive 10% off your service with code âUncut10â Paulâs soon-to-be-released book âTake Control of Your Life: Rescue Yourself and Live the Life You Deserveâ The Landmark Forum Connect with Paul Nadeau Paulâs website Connect with Paul on LinkedIn Follow Paul on Twitter Follow Paul on Facebook Connect With Khierstyn www.CrowdfundingUncut.com On Twitter: @KhierstynRoss On Facebook On LinkedIn -
Leadership, motivation, and entrepreneur are three of the biggest buzzwords in todayâs business environment. Chris Thomson, business owner and partner for Canadaâs Student Works Painting, has built a company that brings in over $17 million in annual revenue, has raised over $1.3 million for various charities, and plugs highly-skilled undergraduate students into a working business model. Khierstyn herself is an alumnus of the program and on this episode of Crowdfunding Uncut she and Chris discuss the most important leadership strategies for young entrepreneurs and why identifying your âwhyâ is so critical. You donât want to miss this inspiring episode, so be sure to give it your full attention.
How Student Works Painting creates future business leadersStudent Works Painting operates by giving undergraduate college students the opportunity to create a business plan, market, and sell a company. Participants can elect to work as a minimum wage painter for a single academic year or apply to be a part of the prestigious Summer Management Program. The summer program teaches students leadership and business skills that are transferable to any career path. By focusing on the mentorship and student development portions of the business model, not just the final painted product, Chris and his team are able to enable promising students to flourish in their personal development. Chris is âdeveloping the next great generation of Canadian business leadersâ and his insights are sure to inspire, be sure to check out this episode.
Identifying the âwhyâ behind your work will motivate you to create more and take more actionJust as Student Works Painting is so much more than a house painting business, your business needs to be about more than just the final product. Identifying the true reasons behind why youâre doing the work youâre doing will pay off in dividends. Chris stays motivated and passionate about his work because itâs really about impacting young people and giving them the tools to succeed later in life. He explains to Khierstyn on this episode that you have to connect your business idea, your future life goals, and the needs/wants of your employees and customers for your entrepreneurial venture to really succeed. Identifying the âwhyâ will motivate you to complete the business tasks that are necessary but arenât that exciting. To hear how Chris discovered his âwhyâ be sure to listen to this podcast.
The top essentials for good leadership and why you should apply the pay it forward technique in life and businessServant leadership is a huge part of what Chris does at Student Works Painting, and he encourages listeners of this episode of Crowdfunding Uncut to always take care of people first - tasks and objectives can wait. If your employees arenât being taken care of and donât feel valued the important work wonât be done at a high-caliber level. Your conversations shouldnât revolve around money. Focusing solely on the transactions of business cheapens the relationships you should be trying to develop. When thereâs real alignment between vision, value, employees, and customers, thatâs when your company and brand are going to be launched into success. Chris also mentions that you can attract high-quality people with a vision, but you have to keep them through mentoring.
The most important part of being an entrepreneur and Chrisâ famous last words of motivationThe first step in becoming a successful entrepreneur is passionately seeking out your own strengths, weaknesses, and communication styles. After you determine your authentic self, fill your team with people who will encourage your strengths and support your weaknesses. Chris explains to Khierstyn that people work better in teams because no one is great at every task or leadership style. However, incredible things can happen when passionate, dynamic people tackle a common goal. By always learning and being willing to take the first step into a new project, youâll be surprised at how much you can accomplish. âThe world bends to those who are in action,â exclaims Chris, and you definitely need to hear the rest of his advice for aspiring business leaders. Donât let this episode of Crowdfunding Uncut go unlistened.
Outline of This Episode [0:53] Khierstyn introduces her guest for this episode, Chris Thomson, business partner for Student works [3:27] How did Khierstyn go from a biochemistry major in college to working with Chris at Student Works Painting? [5:38] What exactly is Student Works Painting? [7:14] Chrisâ journey from individual to business partner and owner over 30 years of working in Student Works [10:34] Developing future business leaders through Student Works [14:00] How can you realize what your passion is, even while working on your business? [19:04] The magic behind why Student Works has returning participants year after year [21:46] The essentials for good leadership and applying the pay it forward technique [27:25] We work better in teams because no one is great at every task or leadership technique [34:53] Creating a network is so critical because you become like the 5 people you spend the most time with [36:21] Chrisâ famous last words for entrepreneurs Resources & People Mentioned SPONSOR: Gadget Flow - get your project in front of over 25 million people per month and receive 10% off your service with code âUncut10â Student Works website Landmark Forum for personal growth and development Tony Robbinsâ books Dan Sullivanâs Strategic Coaching BOOK: The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change Connect with Chris Thomson Student Works Painting website Connect with Chris on LinkedIn Follow Chris on Twitter Like Student Works Painting on Facebook Connect With Khierstyn www.CrowdfundingUncut.com On Twitter: @KhierstynRoss On Facebook On LinkedIn - Vis mere
