Latest / Ambitious Podcast / EP. 24: Empowering Female Founders with Lacey Madison: Strategic Insights into Branding, AI, and Sales
Transcript
- 0:08Hello friends, and welcome back to Ambitious Man am I excited
- 0:12for you to dive in today. We have the most incredible
- 0:16guest that we are going to be joined by and in the episode we
- 0:19are diving into a very fun structure of this or that.
- 0:22And this is where we're going to be unpacking all the common
- 0:25practices that we as both female founders see.
- 0:28And we are going to be going through the polarizing side that
- 0:32we see in business, picking a side and not only tell you what
- 0:35it is that we do in our businesses, but also why we
- 0:38believe this to be true and why we picked the side.
- 0:39So I am so excited today because I literally am buzzing from
- 0:45today's interview. It is just we're definitely
- 0:47going to be doing a part too because it was that good.
- 0:49And so I have to tell you a little bit about today's guest,
- 0:52who is the absolutely incredible Lacie Madison.
- 0:55So Lacie Madison is the founder and CEO of SUR consulting firm
- 0:58SUR Business Academy, Conserve Business Accelerator and the
- 1:01Elite CEO Academy, known also better as the Gordon Ramsay of
- 1:06female led businesses. Her appetite for disrupting
- 1:09industries is always present and also going to be very present in
- 1:12today's episode. From hustling candy on the
- 1:14playground to becoming APR and social media expert, Lacey is a
- 1:17born leader, a straight shooter and a no excuses kind of gal.
- 1:21Her passion for sales combined with an innate ability to
- 1:24educate, lead in a career in branding and marketing AKA
- 1:28inspiring women so they can also forge their own path and get to
- 1:31where they want to go. With four businesses created and
- 1:35two hitting seven figure agencies as her credentials,
- 1:38Hello Boss. Lacey knows what it takes to
- 1:42build, market and scale brands to have massive impact.
- 1:44And if you guys know me, you know that I never bring on a
- 1:47guest who is not rooted in impact.
- 1:48She is absolutely not only crushing it when it comes to the
- 1:51income component, but absolutely crushing it when it comes to
- 1:53impact. So enter Sir, a high level
- 1:55consulting agency where she now continues to teach female
- 1:58entrepreneurs around the world how to manage their growing
- 2:00businesses. After hours, you'll also find
- 2:02her sipping an iced coffee or a cocktail, usually in PJS, using
- 2:06curse words and globetrotting with her amazing husband and her
- 2:09two sons. I really feel like there is no
- 2:11other introduction needed. So with that being said, let's
- 2:13get into today's episode. All right, you guys, welcome
- 2:17back to Ambitious I we were just chatting before we started
- 2:20pressing record and I'm so excited for today's episode
- 2:22because we love a good controversy.
- 2:25We love a good polarizing opinion.
- 2:27And today we are joined by Lacey, as you guys heard in the
- 2:29bio and all of the juiciness of her history and everything that
- 2:32she's gone through. And girl, we're just so excited
- 2:34to have you here. Thank you.
- 2:35I'm so excited to be here. I love your brain.
- 2:38I love everything that you do. And there is just gonna be the T
- 2:41spelled today. Yes.
- 2:42One disclaimer I want to make guys.
- 2:44OK, One thing you have to know about Katie is that we never see
- 2:48anything in black and white. We understand the nuances and
- 2:51the grayness and the depth of building businesses.
- 2:56You know, there are fundamental things that we just believe
- 2:59they're a little bit different and they're so good to talk
- 3:01about because different experiences, different lenses of
- 3:05expertise going to give you different things.
- 3:06But I want to strike that disclaimer first and foremost.
- 3:10Well, I have to give credit where credit is due, OK you
- 3:12guys, because Lacey and I were chatting and she was like, I
- 3:14have this really cool concept of like this or that.
- 3:16Like basically like picking a side and really deciding like
- 3:19why we believe that to be true and expanding on that idea.
- 3:22And I'm like, I literally could not love us more.
- 3:25So when she shot that idea, I was like, let's do it.
- 3:27So we drafted this list of like a good 20 something different
- 3:31polarizing sides. And so we're going to basically
- 3:34go back and forth as it pertains to business, marketing, team,
- 3:38all of the good stuff as to why we put our stake in the ground
- 3:41as to one belief or another. And really the main thing of
- 3:44today is like this is not to say that there's a right or a wrong,
- 3:46but really more to have a conversation about why we
- 3:48believe certain beliefs to be true, why we hold certain
- 3:50beliefs in our business and really unpacking the why behind
- 3:53what we do, not just putting out to the world that we do at that
- 3:55that way. So girl, anything you want to
- 3:57add before we dive into this juicy list?
- 3:59No, I'm good. I'm good to go.
- 4:01Let's go. I'm ready.
- 4:02To go, I'm ready to go. OK, beautiful.
- 4:04OK, So this one, we're going to start off real nice and strong,
- 4:07OK? The first one being, do you
- 4:10believe in showing pricing online or do you believe in
- 4:14hiding it? OK.
- 4:17Something small, you guys just starting off with something?
- 4:19Small this is one thing I'm like Kate, can you show your fucking
- 4:22pricing online like I have literally thought this before in
- 4:25the past like I think 6 times listen, I am like I said, I am
- 4:30either way, I think it depends on the company.
- 4:32I think it depends on the business model, it depends on
- 4:34the offer, it depends on all the things.
- 4:36But I am a firm believer of putting the pricing up so that
- 4:42people can move themselves through that buying process.
- 4:44But I do, OK, Listen, I do get the concept of like, OK, but
- 4:48people have pricing objections, they're going to look at it and
- 4:50they're going to see pricing resistance and all the things.
- 4:53And by listing the pricing later, then you can move them
- 4:56throughout that sales process. I get it, I do.
- 4:59But I think that the bias that we attract and the bias that our
- 5:03clients attract, they are far more likely to invest in
- 5:07something or at least express interest in something when they
- 5:10can see that initial barrier first before moving forward.
- 5:15But I'm keen to know your thoughts.
- 5:18OK. So I definitely have like a one
- 5:20mode that I've operated since day one.
- 5:22And I agree, I think that actually until this year, I was
- 5:26very much like anti price online.
- 5:28And the main reason being I guess like the context of the
- 5:30situation that made me feel this way was that I had so many
- 5:32private clients that like when I was charging us to say like
- 5:35$50,000 for six months of coaching and they were like
- 5:39getting on calls, signing as clients and fully telling me if
- 5:42I had seen your price online, there's no chance I would have
- 5:44signed with you. And I thought I heard that again
- 5:46and again. Yeah, because people were
- 5:47basically saying the context of the customization of what I was
- 5:51going to do for them was something that they couldn't get
- 5:53through marketing of one to many.
- 5:55So by getting on the console, not being completely
- 5:58disqualified out because of price, getting on the call,
- 6:01having the conversation, they were like, this is the catalyst
- 6:03that put me over the edge, that allowed me to move forward.
- 6:06And so after hearing so many consults of people, because I
- 6:09really debated for like a very long time, I was back and forth.
- 6:12I wasn't going to do this because I wasn't sure.
- 6:14I was like, I, I, I very much see the value in knowing that
- 6:18you're going in eyes wide open that you can't afford it.
- 6:21Like if something, let's just say is like 7000 and your budget
- 6:24was 2, then obviously like this is kind of a waste of
- 6:27everybody's time, right? Is everyone's mindset around it,
- 6:29which I entirely understand. But the thing that I found with
- 6:32the sales consults was the fact that like, people often had this
- 6:35preconceived idea of what their budget was.
- 6:38And I found myself actually interestingly enough in this
- 6:40situation as well, because I went to go invest into like a
- 6:43website or a photographer or a brand designer, and I would go
- 6:47with this budget that was always like 2/3 lower than I actually
- 6:50ended up investing. And so I thought to myself, if I
- 6:52had seen that on their website, because I maybe didn't
- 6:57understand or maybe get the value from the marketing that I
- 6:59needed to, it might have been the thing that told me, oh, from
- 7:03what I see in marketing to what I'm seeing in this price, those
- 7:06two things don't align to me. And as a result, I'm not going
- 7:09to pay it. And so even as it stands today,
- 7:11we do not have our like full pricing online.
- 7:13And I will say, and I agree with you, I actually think this loses
- 7:16a sales. There's no question about that.
- 7:17It does lose a sales because for myself, I was even looking into
- 7:21planning an event and I was looking at all of these
- 7:23different like photographers and all these things and I found
- 7:26myself being like, what the hell is your price?
- 7:28Because I was like, I don't know what I'm yes, I was like on the
- 7:31other client side and I thought to myself, wait a second, what's
- 7:34happening here? Because I realized I really
- 7:37wanted to see the price because I was like, I don't want to
- 7:38waste their time. So to me in the kind of middle
- 7:42ground, what I've realized is if someone wants to know my price
- 7:46and they message me about price, IE like I know who they are now,
- 7:49I can send you price. If you message me on Instagram,
- 7:51you're like, hey, how much is private coaching?
- 7:53I will send you the price and all the details.
- 7:54Now the thing that I basically have is like my qualifier is
- 7:58that I want to know what kind of people are being attracted to
- 8:01what type of offerings. And so it really helps me to
- 8:04kind of know what is pulling in a certain magnet of person.
- 8:08I, by the way, really disagree with the whole like withholding
- 8:11price until you get on the phone with me.
- 8:13And like only once I put you through the pitch, like I'm
- 8:15like, that's so annoying to me, but I think putting it on the
- 8:18site, what I've also realized, I don't know if it's the same for
- 8:20you, but like some of our offers have changed drastically, like
- 8:25in the sense of the price is always changing.
- 8:27So that I thought from a consumer standpoint, how are
- 8:30they going to feel if one time they go to look at it, it's one
- 8:32price, the next six months because of demand, it's gone up
- 8:35and say six months later it's gone up again.
- 8:37And so for me, it was also this aspect of like, how do I not
- 8:42overwhelm consumers? How do I work the middle?
- 8:44So my middle now is not having it on my website or my
- 8:46marketing, but also having it basically one message away so
- 8:50that they can contact me. And from that point, I have an
- 8:53opportunity to have a conversation with them if they
- 8:55want it, but I'm also happy to just send it if they're
- 8:57interested that way as well. I love that.
- 8:59And I think that stems off such an important conversation of
- 9:04trust and credibility in even establishing that barrier,
- 9:08right? Because people feel like they
- 9:10can message you to ask about the price because they have enough
- 9:13trust in you and your ability to deliver.
- 9:15So obviously lead quality is higher and This is why.
- 9:18Then it comes back to that important conversation of what
- 9:21is the business model? You seasonal, are you lifetime?
- 9:24What is the price point, which is super, super interesting.
- 9:27But you know what, we pretty much run the same.
- 9:29I don't put my one-on-one pricing anyway.
- 9:31Honestly, I don't even promote one-on-one like you anywhere
- 9:34because the barrier to entry is so high that it would just get
- 9:38hurt everyone. But if you were someone that is
- 9:40running a more seasonal business model, something that requires
- 9:45numbers, something that requires people to move themselves
- 9:48throughout that bias process without friction, without
- 9:52needing to message, then you know your option, right?
- 9:55But if you are someone that has a little bit more friction,
- 9:57someone that is, you know, at a higher price point, has a more
- 10:00intricate, more robust business model, then I would definitely
- 10:03look to taking more of Kate's ideology where there needs to be
- 10:07some sort of interest just like moving people throughout the
- 10:10start of that sales process first before even getting that
- 10:13price point. Because like we talked about who
- 10:15was I talking about this with the, we don't talk about actual
- 10:18offers and the DMS anymore. We go in, we talk about pain
- 10:23points, we talk about desires. What are you experiencing?
- 10:26What is the process to getting there?
- 10:27I literally cannot remember the last time I said, oh, this is
- 10:30the offer. What are you interested?
- 10:31What is your budget around this? It just doesn't happen that way
- 10:33anymore. And I think naturally with the
- 10:35way that consumers are buying, we're going to see more adoption
- 10:39of either way in different ways. Does that make sense?
- 10:43I don't know if that makes. Sense.
- 10:44No, totally. Yeah, totally.
- 10:46And I mean, I think for me what I really enjoy even on the
- 10:49consumer side and not even necessarily being the business
- 10:51side of it is actually seeing like a starting point.
- 10:54Because I can someone say like I'm going to invest into an ads
- 10:56agency or something. I want them to say like minimum
- 10:58starting retainer is going to be like 2500 a month or 3000 a
- 11:01month plus ad spend. I'd be like, OK, great.
- 11:03Like I at least I'm going in somewhat educated as to what I'm
- 11:06walking into. And so I think even when someone
- 11:09says like 4 figure investment, 5 figure investment, low, high,
- 11:12mid, I think you need to give some kind of contacts because if
- 11:14someone is coming in completely blind, you're also really
- 11:18stacking up your sales process with potentially people who just
- 11:20genuinely not even that they don't want your offer.
- 11:23It's just more a matter of like they're genuinely not a good fit
- 11:25for it. And so I think also at least
- 11:28what I've found with the pricing side of things is that brand
- 11:30does quite a bit of heavy lifting for you.
- 11:32Because if you are somebody who markets in a way that is a
- 11:36little bit more of a luxury type brand, there's almost this like
- 11:39natural association with the fact that it's going to be a big
- 11:42investment. And so I think the one thing
- 11:44that has worked in my favor because of being in that type of
- 11:47category is the fact that there is kind of this expectation of
- 11:50people expecting it to be expensive.
- 11:52Whereas I think if I was a different type of brand, my
- 11:54perspective would have to change because is if you're going to
- 11:57market yourself like a Walmart, people are coming in with a
- 12:00certain type of expectation of the offer pricing.
- 12:03And so because of that, they're expecting it to be low.
- 12:06So that's a question of like how low?
- 12:07Whereas for me it's the opposite, which I think is
- 12:09people expecting it to be higher.
- 12:11And sometimes they're like, oh, I thought it'd be higher than
- 12:12that. And I'm like, great.
- 12:13And so like it ends up being a positive for the sale instead of
- 12:16someone being like, oh, I thought it would be cheap.
- 12:18I don't ever have anybody come into our world that expects it
- 12:21to be low. That's so interesting.
- 12:24Oh my God, there are so many ways I wanna take.
- 12:27There's so many, we can go for an hour on the I wanna look.
- 12:29But guys, we literally have a list of 20 twos, so we're gonna,
- 12:31we're gonna keep it. Moving.
- 12:32Oh my God. Segways, this segways into
- 12:35brand. OK, so do you believe in curated
- 12:38branding? Now this doesn't by the way,
- 12:39mean lux or luxury. This just means curated.
- 12:43Or do you believe? Or do you like and enjoy more of
- 12:46the raw and casual and why? Oh, this is very interesting and
- 12:54this is going to go down two ways is that what do I see the
- 12:57consumer economy going down and what do I see myself going down?
- 13:01I am in a season where I am so over this hyper curated brand
- 13:12that we put online. And we also understand that the
- 13:16consumer market right now is also feeling the same.
- 13:18We're tired. However, in saying that, I think
- 13:22that there is a lots of room to still play with curated branding
- 13:26in different ways. I think that across the board
- 13:29now, our approach to branding needs to change depending on the
- 13:34channel, which is interesting because a lot of the time,
- 13:36especially up until this point, you have to remember I'm in PR
- 13:38communications girly. That's my background.
- 13:40My whole job was in communications, right?
- 13:43And up until this point, it was very much so brand consistency
- 13:47in terms of visual and strategy had to remain the same across
- 13:51the board. That is what we've worked with.
- 13:53That is the model that we've worked with up until this point.
- 13:55Now we are starting to see things change.
- 13:58Brand strategy, fundamentally, the actual DNA remains the same.
- 14:02Obviously it has to. You can't change that.
- 14:04That's the DNA of the company. But the visual and certain
- 14:09elements of communication in terms of brand change according
- 14:13to the channel. And it's because consumer
- 14:15markets depending on the channel change so drastically in today's
- 14:20age that it is almost impossible to communicate exactly the same
- 14:24across the board now than it was even three years ago.
- 14:29The consumer economy 3 years ago was very different than what it
- 14:31is now. And so I think that when we talk
- 14:34about OK, this or that, Instagram curation will always
- 14:39be first and foremost. We have seen time and time again
- 14:43people try and stray from this and it does not work.
- 14:46Instagram is used as a portfolio.
- 14:48It is used as a irregardless of Reels, irregardless of all of
- 14:52these things, consumers still enjoy a curated, more edited
- 14:57lens of your business, of your life through Instagram than
- 15:00anywhere else. For us on TikTok, for example,
- 15:03it is the complete opposite. Anything curated in any way,
- 15:06shape or form, brand or not, is not performing anywhere near as
- 15:11well as something that is not as curated, right?
- 15:15Let's say you have a super edited podcast reel.
- 15:17That podcast reel is going to do far better on Instagram than it
- 15:20is on TikTok. That's not going to say it's not
- 15:22going to perform, but it's just going to perform better, right?
- 15:26And then it's the same with website.
- 15:27The way you present your brand on your website is definitely
- 15:30curated. So it just really depends on the
- 15:33medium and the type of audience that you are speaking to.
- 15:37What I find really interesting when you talk about luxury
- 15:40versus not luxury, and I know that the conversation isn't
- 15:42about that, is that you have to understand depending on the
- 15:47market that you are playing into, the importance of the
- 15:50emphasis on curation matters far more.
- 15:52Also the industry again matters far more.
- 15:55So if you are looking at, you know this is the one problem we
- 15:58see with brand is you see a service based brand try and
- 16:02brand themselves and market themselves like a D2C brand or
- 16:06an e-commerce brand. They are fundamentally different
- 16:09business models. It doesn't work when we look at
- 16:12the actual brand archetype, it does not work.
- 16:15Is your brand curated in terms of its actual brand DNA and its
- 16:18structure or is it not? And that is the ultimate
- 16:21question that you need to ask yourself and then ask yourself
- 16:25Omni channel as well on top of that.
- 16:27How does that then change? How does your brand presentation
- 16:30and communication change across the board?
- 16:33But I would say that is my fundamental belief, playing
- 16:36across the even playing field, that in each segment that is
- 16:40what I believe to be true. I mean, I definitely, I agree
- 16:43with the brand archetype aspect because I think what category of
- 16:46brand you're in really kind of naturally determines how curated
- 16:50you're going to need to be. Like if you, for example, were
- 16:52to walk into a Chanel and it was a disaster and it was giving
- 16:56Urban Outfitters type of energy in the sense of like the chaotic
- 16:59racks and whatever. That type of experience as a
- 17:01consumer is not what you're you're expecting when you're
- 17:03investing into that type of product.
- 17:06And so I think it's really important to first start with
- 17:09when someone's trying to decide like curated versus not curated
- 17:11is understanding which archetype or category you're in.
- 17:14But I definitely do think and I, I agree with you that there is
- 17:17this trend toward non curated. I think people really feel
- 17:22exhausted of the constant curation on any platform they've
- 17:25been on, like the perfectly aesthetic houses, the perfectly
- 17:28curated photos. And I think we are craving that
- 17:31real and raw. But I also on the different
- 17:33side, the same coin, really think about the fact that, but
- 17:36its basic essence when we're looking to achieve something,
- 17:38there is this aspect of admiration connected to it.
- 17:41And so while we, yes, resonate with some marketing based on the
- 17:45fact that it's meeting us where we are, what you have to also be
- 17:47cognizant of is the fact that when we are marketing status,
- 17:51which is one of the core reasons why people buy, whether that's
- 17:54status of, you know, the curation of a home or the
- 17:57curation of your images or results or whatever it may be.
- 18:00I think that aspect in some way, shape or form is still needed
- 18:03because if we don't have that and it's all about being and
- 18:06it's all about meeting you where you are, we have to remember
- 18:09that's only half of the whole pie.
- 18:11And so that's like, OK, well, if we're looking to achieve
- 18:13results, how are we showcasing those?
- 18:15And so I think in my opinion, the best way to win right now is
- 18:19actually to have duality. And I think one of the, you
- 18:22know, instances where we're actually seeing this in the last
- 18:24couple years be a very easy one for everyone understand is the
- 18:27Kardashians, right? Like they were very
- 18:29unattainable. They tried to be accessible, but
- 18:32for a while it was just like obviously not working.
- 18:34And then now you can see brands who are very, very curated
- 18:38trying to blend. Like when we saw the whole Sofia
- 18:41Ricci thing with her wedding, it was like trying to be the girl
- 18:43next door, even though that she's clearly coming from
- 18:46wealth. And so I think we also are
- 18:48seeing the people who are super curated or are very status based
- 18:52going the other direction. And then we also have people who
- 18:54are, you know, the kind of non curated who are trying to blend
- 18:58in the other side. And so I agree, I think the way
- 19:00to win with the curation versus non curation is really
- 19:03understanding your audience and your brand, really understanding
- 19:06the medium that you're on, IE, like you said, TikTok versus
- 19:08Instagram versus other platforms.
- 19:10And then also recognizing what you want to have as the
- 19:14expectation associated with your brand.
- 19:15Because the other example I give people it when they talk about,
- 19:18you know, can I really succeed being non curated?
- 19:20I'm like, the only example you need is Adam Sandler.
- 19:23OK, the only example you possibly need is Adam Sandler
- 19:27because like, if he can be who he is and achieve what he is
- 19:30dressing like that, but dressing like that, so can you, right?
- 19:34And so the idea of like, I need to be having like certain bags
- 19:38or look a certain way, or can I have a top, not bun and be in my
- 19:40sweats and make millions. I'm like, yes, you can.
- 19:43But I think the main thing is that you're doing so by
- 19:46decision, by strategy to your point, not by default of, oh,
- 19:51this kind of just happened to be this way.
- 19:53It's something that should be rooted in intention.
- 19:56And so I think asking yourself what your strategy is around
- 19:59brand really is like the larger question to ask.
- 20:02Absolutely. And like it comes back to that
- 20:03consumer piece, right of you present who you attract.
- 20:09And you know what, I'm going to go off that segment for a
- 20:12second. I want to return back to Set
- 20:14active. Set active does this so well.
- 20:19The way that the Q rate brand across each of their channels
- 20:22and each of their mediums is chef's kiss.
- 20:25And if they're, if you were in the D2C landscape, they're
- 20:27definitely someone I would just look at understand their model,
- 20:30understand their marketing model, look at how they have
- 20:32shifted lenses. There is another company that
- 20:35did this extremely well. It was a superannuation company
- 20:38and I'm so sad I can't find it. I'll need to send the link or
- 20:43just talk about it somewhere else.
- 20:44But they obviously had very different viewerships based on
- 20:47medium. So they were doing billboards
- 20:49for like older more senior people, still television for
- 20:51more senior people. They had Instagram for more
- 20:54millennials and then they had Tick Tock for Gen.
- 20:56Z. The way that they curated brand
- 20:59and brand voice and communication.
- 21:01Remember so much of brand and so much of curation is part of
- 21:04voice. It's how we actually
- 21:05communicate. And how you communicate depends
- 21:08on the audience. And so the way that they just
- 21:10did that, I have to send you the link because I can't remember
- 21:13the name of it, but it was beautiful.
- 21:14And your brain, I wish I had your brain when it comes to
- 21:20analogy and when it comes to examples, my brain doesn't think
- 21:23that quick. I'm not that witty.
- 21:25I'm not that inclined to just be like, oh, let me just pull this
- 21:29idea and talk about this. It's so interesting to obviously
- 21:32hear, podcasts aside, in first person because I've never seen
- 21:36you just rattle and ramble like this before.
- 21:38Which is. That is one thing I will tell
- 21:40you I have. I've got analogies out the
- 21:42wazoo. You need analogies or examples
- 21:44I'm your. Girl, Oh my God, I love it.
- 21:45And that's why I'm like sitting here.
- 21:46I'm like, Oh my gosh, I wish I thought of that.
- 21:49But yeah, I think we're very much so on the same page that.
- 21:52Yeah, yeah. All right, let's move on.
- 21:55Alright girl, many chat and automated messaging or manual
- 22:00personalized messaging. I am so excited to see your
- 22:06belief on this I. Can't wait.
- 22:08OK, listen, I am so sorry, but I I smell your fucking mini chat
- 22:151000 miles away and it gives me the ick.
- 22:18It gives me the ick 10,000% time or whatever the heck.
- 22:22I cannot stand it. And The thing is, it's like
- 22:25there are certain places where I think mini chat has its just
- 22:29like its capability. And I think that when a consumer
- 22:33is opting in absolutely, like when there is a very clear
- 22:36option for a freebie or to further them into the funnel,
- 22:39there is a place for it. But the way the way that people
- 22:42are using it to nurture community is slimy to me.
- 22:46And I will just say it as it is because using robots to nurture
- 22:51a community defeats the purpose of nurturing a community.
- 22:54Like you have to remember when you're in business, you're in
- 22:57the business of people. You're P2P right person to
- 23:00person. And so with that, I still spent
- 23:04to this day. I actually had someone messaged
- 23:06me today and she was like, do you handle all these accounts?
- 23:08And I was like, yeah, girl, I do because this one to one
- 23:12interaction with me is part of my job as a business developer,
- 23:18right? And you have to remember your
- 23:19role changes as you grow throughout a company.
- 23:22Right now, you're in the thick of it.
- 23:23OK? If you're a little bit early on,
- 23:24you're in the thick of it. You're in the weed, you're doing
- 23:26all the things. Eventually you will get to a
- 23:28place where you have the support and the mechanisms in place to
- 23:32really hone in on what your role is in the company.
- 23:34And one of those roles for me is people, OK, developing people,
- 23:38founders, investors, all other things.
- 23:40The other thing is development. The other thing is nurture.
- 23:42I am the face of the brand. That's where I sit, that's where
- 23:44I stay, that's where I play, that's it.
- 23:46Everything else gets taken care of.
- 23:48Now, I still spend to this day, at least at minimum an hour a
- 23:53day, going through, speaking to new followers on accounts,
- 23:57messaging old ones, nurturing relationships.
- 23:59And that's at minimum because that is my job.
- 24:02And so I truly believe that if you are someone that uses many
- 24:07chat as a nurture tool, something to build
- 24:11relationships, something to introduce relationships in the
- 24:14long run, do I foresee that working for you the way that you
- 24:19wish it to? No unless you're Jenna Kucha or
- 24:24Natalie, whatever her name is, founder of Boss Babe.
- 24:27All of these people that have completely autumnized and
- 24:31dehumanized their process. Unless you are that and you can
- 24:35rely on your systems and you are willing to spend a house deposit
- 24:39every month to spend in ads, it's not for you baby girl.
- 24:44Yeah, I really have nothing else to add to that almost because
- 24:48exactly what I would say. I agree.
- 24:51I mean, I think the many chat aspects, like say someone is
- 24:54like you said, messaging you for your freebie or something like
- 24:56that. And you're like, I feel like I'm
- 24:57sending out 1,000,001 links. Like I've had, you know, clients
- 25:00who have launches and things like that and they have people
- 25:02who like DM this word and then it sends them a link for
- 25:04something. It's like in that instance and
- 25:05you feel like you're kind of basically doing an admin thing,
- 25:08yes, because there's so much repetition of the exact same
- 25:10thing, then yes, that makes sense to send a link to
- 25:13somebody. Sure.
- 25:14But I so I so agree with you because I think people are using
- 25:17this as an opportunity to create community, to create connections
- 25:21and they're wondering why it's not working when meanwhile the
- 25:25main reason it's not working is because you're trying to ask, as
- 25:28you said, a robot to do something that a human is
- 25:30supposed to do. And so I think, you know, the
- 25:32manual messages, while people think, oh, it's not scalable is
- 25:35the number one thing that I hear.
- 25:36Like it just doesn't feel scalable.
- 25:38And I'm like, it's the depth aspect that's actually going to
- 25:42make it scale, not necessarily just the width of how many
- 25:44people you message. And so I think the whole like
- 25:46day and age of messaging 300 people is not really how you're
- 25:50going to win anymore. It's the 30 or the, you know,
- 25:53whatever it is 60 people that you're messaging and the depth
- 25:55that you have with those conversations and connections
- 25:57that are actually going to build community and actually build the
- 25:59conversions that you're looking for.
- 26:01And so I think to me, truthfully, as you said, like I
- 26:04think it's laughable to me how many people are so quick to be
- 26:08like, how do I automate this? How do I automate this?
- 26:10And I'm like, your desire to automate this is going to be the
- 26:12thing that cannibalizes its success because you're basically
- 26:15trying to say, make it into a system before you've really
- 26:17earned the right to do that. And so I think to your example
- 26:21of Jenna Kutcher and things like that, I think your audience gets
- 26:23to such an enormous size. Say you're like a Tony Robbins.
- 26:28You're not expecting Tony to send you a voice note.
- 26:30But you know, another example of this that I think of quite often
- 26:33is Gary Vee, because he has really created the structure of
- 26:37intimacy at scale. And so I think, you know,
- 26:40scaling the unscalable is really the best way to grow because
- 26:43everybody is dying for that intimacy and connection now.
- 26:46And so the idea of like, I'm going to put them through many
- 26:48chat and that's going to be the thing that helps me to grow the
- 26:51business. I'm like, yes, if you're sending
- 26:52a link, but truthfully it's for anything else.
- 26:55I do not advise it because you're trying to systematize
- 26:59what is not meant to be a system.
- 27:01Well, what's the person going to say?
- 27:02I'm like, they could say 1,000,001 different things and
- 27:04we can't make sequences for all of these situations.
- 27:07And I've seen clients come to me for like VIP days and stuff
- 27:10looking to be like, Oh, here's my flower, here's my funnel of
- 27:13my many chat. And they're like, oh, it, it
- 27:15kind of defaulted here. And it made this mistake here.
- 27:17I'm like, because it's dealing with a person and the person
- 27:20didn't use all the buzzwords you want.
- 27:23So because of that, it's not working.
- 27:25So like if I could frankly get rid of it entirely, I would.
- 27:28And I would say have your VA or have somebody who you hire send
- 27:34the links for you. I would rather be a person.
- 27:36If you want to get some of your time back, like you said,
- 27:39delegate it. But I think delegating it to a
- 27:41system too early. It's just it removes all the
- 27:44intimacy of why certain things even are effective in the first
- 27:47place. Absolutely, I agree.
- 27:49I love us for that. Oh the next one is real real
- 27:52good. OK niche or anti niche?
- 27:56OK, I am writing. I'm strong on this.
- 27:58And you know what? I think you're strong on it too.
- 28:01OK. We have gone through seasons of
- 28:03business where this massive message will come.
- 28:06You need to niche out. You need to niche out multi
- 28:08passionate. You need to niche out the thing
- 28:10that you need to understand people.
- 28:13If you are taking information from someone that says don't
- 28:15niche down but they built a business for three years niching
- 28:19down before they diversified. What a.
- 28:23Coincidence. So what a winky dink, huh?
- 28:25Like it just, guys, the fact of business remains true time and
- 28:30time again that when you saturate a market in its purest,
- 28:35most niche form, you will have a much easier time diversifying
- 28:41after the fact if you can saturate that market first.
- 28:44Speaking to everybody means you're speaking to no one.
- 28:46And that happens time and time and time again.
- 28:48And it keeps coming back to that idea, right?
- 28:50Of all of these pains, I don't want to, I don't want to seclude
- 28:54a buyer's type or I don't want to seclude this audience
- 28:56segment. I don't want to miss out on a
- 28:58sale. Here.
- 28:59You are missing out on more sales.
- 29:01You are leaving more money on the table by speaking to nobody.
- 29:05And for the longest time, Kate, I will be honest with you, for
- 29:08the longest time, I hate it. And you know what I still kind
- 29:11of do as a marketer, I still hate the idea of an ICP for so
- 29:15many reasons. Like I just think there is so
- 29:17much nuance to a consumer that cannot be fit into an ICP.
- 29:21However, where I think that Icps thrive is understanding the core
- 29:27transformations, the core desires, the core symptoms and
- 29:30pain points. When you can get clear on those
- 29:33core things and remember, you can only find a core few things
- 29:37If you're not speaking to everyone, you have to choose
- 29:39that one core personality. What are they experiencing?
- 29:43Saturate that there are millions of people experiencing your core
- 29:46problem. So this the idea that you would
- 29:49be leaving money on the table is ludicrous to me considering you
- 29:53probably haven't even built a nine figure company yet based on
- 29:56that ICP, right. So that is my standpoint.
- 29:59You want to make money niche down do the rest later if you
- 30:02want tie back to the vision. If you really feel called to
- 30:07talk about where you envision the company going, who you
- 30:09ultimately want to serve, keep it in the vision, keep it in the
- 30:13mission talk about it time and time again bring people on this
- 30:16journey. But ultimately, the root of your
- 30:18marketing, the root of your sales strategy, and the root of
- 30:20your comms strategy needs to rely on that core
- 30:24transformation, the core desires and the core symptoms, problems,
- 30:28pinpoints, whatever it is that you want to call it, and then go
- 30:31from there. Because within that ICP, you're
- 30:34already segmented. You've got more segments, you've
- 30:36got different bias types now you've got different stages.
- 30:38There are so many ways that you can get creative and diversify
- 30:42with one portfolio. I hate the word niche.
- 30:48I like the concept. Of it, but I hate the word.
- 30:51I think I hate the word because I think it gets a really bad rap
- 30:54in the sense of like people will be like niche.
- 30:56It's like I help moms do and that's not like that's like
- 31:00primary school when it comes to niche.
- 31:02Like if someone is teaching you like that's your I help
- 31:04statement of that's niche. It's not.
- 31:06And I think to your point, like the way that the example that I
- 31:08often think about with this and kind of the way that I explain
- 31:10it is F45 because F45IS centered around a stage of problem.
- 31:15So it's really for people who are desiring community, who want
- 31:18a quick workout, get in, get out, and they really desire the
- 31:20connection aspect and not having to think when they walk in.
- 31:23But what's interesting about F45 is that you've got when people
- 31:26go there, you've got millennials, you've got Gen.
- 31:27Z and you've got baby boomers all in the same room, all doing
- 31:30the same workout. And then in addition to that,
- 31:32you've got people who are paying a premium at all of those
- 31:35different ages and you've got branding that really is
- 31:39reflective of calling in all different types of people.
- 31:41So how is it possible that F45 has one core problem that they
- 31:44solve, but they have all different levels of demographic
- 31:46of people that they're serving. And the main way I think to the
- 31:49point that you made, which I so agree with, is I think it goes a
- 31:52little bit deeper, like the the bottom of the iceberg, if you
- 31:54will. It's like, yes, on the
- 31:56forefront, we're seeing like people who want to get fit, but
- 32:00there's different stages of people who go.
- 32:02So like there's the person who's like, this is my first class.
- 32:04And there's also the people who are wearing weighted vests doing
- 32:07God knows what on the box jumps, right?
- 32:09So you've got the stages of people.
- 32:11But the other thing I think is the main factor to your point is
- 32:15that the problem you solve is like the basic understanding of
- 32:18quote UN quote niche. I think the real clarity that
- 32:21comes in is understanding the different demographics, graphics
- 32:23of people, but most importantly understanding the values of the
- 32:27type of people that are going to come in.
- 32:28Because you just simply solving a problem in general is not
- 32:33niche. It's more a matter of
- 32:34understanding in the way in which I solve it.
- 32:37How does that pull somebody in and in that, are there different
- 32:40subsections of either stages or certain types of demographics,
- 32:43Right. So again, back to 45, it's male
- 32:46and female, it's all different age ranges, it's all different
- 32:49stages of fitness, and yet it works.
- 32:52So technically because of our classic understanding in the
- 32:56online world of niche, it would hazard to guess that it
- 32:59shouldn't work as a model because it's not one person, one
- 33:02age 1, whatever. And again, I think the reason
- 33:05that it works is because they've built brand, they understand
- 33:07their values, how to effectively market those and recognizing
- 33:11with all the different people that can be served with this
- 33:13problem solved. Who are those people and what
- 33:16are they desiring and looking for?
- 33:17And they use the problem that they solve the values they have
- 33:20at the forefront instead of the person when they think about
- 33:23ideal client. That is such a good example and
- 33:26it comes back to that then previous discussion that we just
- 33:29had on brand. You can have one ICP, right?
- 33:34Different stages, and you have to understand that different
- 33:37demographics hang out in different places.
- 33:39So then you're able to even niche down even more per
- 33:43platform, per medium, because you understand where that
- 33:47consumer is actually hanging out, how to speak to them, and
- 33:50then target your communications accordingly.
- 33:52Obviously, the more robust your channels are, the more robust
- 33:55that strategy becomes. But even in this discussion you
- 33:58can see how clearly one ICP and one set of transformations
- 34:04desires whatever it is, understanding your distinction.
- 34:07There is so much room to diversify from that one thing
- 34:10before you were even looking at further diversification from the
- 34:13root to ICP. Yep, Yep, absolutely.
- 34:16That's all right, girl #5. Yeah.
- 34:19Batch and content or making it in the moment.
- 34:23Oh, I was just speaking about this the other day.
- 34:26I it's up to you, like you as the founder, it is just up to
- 34:32you. Like I go through seasons of
- 34:33life where I need to. I don't have a choice.
- 34:37I need to batch content. Yeah, I go through seasons of
- 34:39life where I need to be on the spot.
- 34:42I need to be doing it day-to-day because I don't have the option
- 34:45to do otherwise. And so I think it really comes
- 34:48back to, and it takes self-awareness for one to
- 34:51understand what you need to do and a deep understanding of a
- 34:54few core things. One, you need to understand what
- 34:58the strategic long term plan is. And I know that people, people
- 35:02always look at me, my clients look at me like, why are you
- 35:04talking about this? I'm talking about a content
- 35:06plan. Like why are we talking about
- 35:07this strategic long term plan? And I have to keep coming back
- 35:10to the fact is that guides your actions every single day.
- 35:15When you know what you need to do in a year, you know what to
- 35:19do in 1/4, what to do in a month, what to do in a week,
- 35:21what to do in a day. Now you have a CEO schedule,
- 35:23right? Because you can't get to that
- 35:25CEO schedule before you have that point.
- 35:26So when you have the direction, you can think clearly and plan
- 35:29out your weeks, your days. Now, the other thing I always
- 35:32look at is, OK, from that CEO schedule, where do you
- 35:35realistically have time to create content?
- 35:39How long does that process take? And the truth of the matter is,
- 35:42I don't care what anyone says, oh, I take, you know, it takes
- 35:44me 3 hours to create content. The truth of the matter is
- 35:48depending on your competency level, depending on your
- 35:50experience, depending on your background, that amount of time
- 35:53to create anyone piece of content drastically changes
- 35:57across the board. Full stop.
- 35:58Sorry, not full stop because we are having a discussion, but it
- 36:01is just one of those things like we have worked what 380 plus
- 36:05businesses at this point. That fact remains true that it
- 36:08is so diversified across the board.
- 36:11And so I ultimately will always come back to what fits into your
- 36:16season of life. In this stage of life, where are
- 36:20you looking to go and how does this support that?
- 36:23And then you can sort of backtrack from there.
- 36:25I think that there are certain mechanisms in place and times
- 36:28and seasons of life where you just need to change.
- 36:30Especially it depends on the business model.
- 36:32For example, Ventura, which is one of the start-ups we're
- 36:35currently building is very news focused, which means that I need
- 36:40to remain incredibly relevant. Like I am up at God knows what
- 36:46time in the night. I have I think 120 Google Alerts
- 36:50set up for this company so that I can come out depending on the
- 36:54keywords. And I have all of the news I
- 36:55need to create. It's timely.
- 36:57It needs to come out within a matter of days, a week Max,
- 37:00right. So my content creation schedule
- 37:03for that is on the spot. It's go, go, go first for
- 37:05something like SUR, which is a service based company and things
- 37:11aren't really as relevant besides pop culture.
- 37:13Pop culture is more So what we call things from which are very
- 37:17finite segments of time. Over the course of the year, I
- 37:20can pretty much batch out content for an extended period
- 37:22of time. The only time I'm really
- 37:24changing that is if, you know, our content strategy changes for
- 37:28whatever reason, all the market changes, the economy changes,
- 37:30whatever it is, and I need to change messaging.
- 37:31But other than that, I can pretty much batch as normal.
- 37:34And so looking at the different business model, looking at the
- 37:37consumer that you were speaking to and then adjusting your
- 37:40content and strategy from there. I went down 10 different rabbit
- 37:44holes. But this is the problem.
- 37:45But it's rapid fire because I just want to talk about all of
- 37:47them. I gotta make sure it's the
- 37:49whole. Point I gotta make sure we come
- 37:51home all of it all of it makes sense.
- 37:53I think like and there's so much guys truthfully going into this
- 37:57I was like fully convinced that we're going to be on totally
- 37:59separate sides and it turns out that we actually do quite a bit
- 38:02of things oops. But one of the things that I
- 38:05will say, one of the things that I will say is that I think
- 38:08batching content can serve as a backup.
- 38:12I think for me, especially with a lot of different business
- 38:16owners who either have multiple businesses, maybe someones like
- 38:18a new mom or something. With those situations, like I
- 38:21have seen even with myself, like content is not my only #1 focus
- 38:25every day. Frankly, it's one of the last
- 38:27things on my list aside from just documenting what I'm doing.
- 38:30I'm not thinking about like, did I get a post up today?
- 38:32That's not the center of my day anymore.
- 38:34And so one of the first things that I actually got help with
- 38:37was getting content out because I was like, I can't have this be
- 38:40the number one problem that I wake up to solve.
- 38:42But I think that you're absolutely spot on that there is
- 38:45actually a downside to batching too much because you lose the
- 38:48relevancy of some of either the trends of what's happening or
- 38:51the pop culture, as you said. And it also is very much, I
- 38:53agree, depend on the type of industry that you're in.
- 38:56Because as you said, if you're in like a news type of industry,
- 38:58of course, you can't batch any of this.
- 39:00It's based on what happened, you know, a couple hours ago.
- 39:02So I do think it's contextual to the type of business.
- 39:05I do think it is, you know, a balance of trying to have the
- 39:08duality of what can be static and pre created versus what can
- 39:12be a little bit more trend and more relevant.
- 39:14But I do think that the number one advice that I would give to
- 39:16everybody is to really as to your point, create a system that
- 39:19allows you to consistently get the content or the marketing
- 39:23that you're looking for. And more than anything, always
- 39:25having a Bank of something to rely on.
- 39:27So you never feel that you're kind of at the beck and call of
- 39:29marketing. Because I think for myself, one
- 39:32of the biggest things that I emphasize for people is like
- 39:34just never feeling like that is your #1 focus of a day or even a
- 39:37week. Like, obviously, yes, you build
- 39:39in your structures, but like, say you get sick or you just
- 39:41don't even feel like it or something happens in the
- 39:43business and it pulls in a different direction.
- 39:45It means that you're not taking your foot off the gas like it's
- 39:47still going out regardless. And so I would say, you know, if
- 39:51you're like, hey, I make stuff better in the moment or maybe I
- 39:53love to batch. Like for me, I am definitely a
- 39:56batch person like this. I don't even know.
- 39:58These podcasts come out like six months later.
- 40:00There's a huge pipeline, but it's mainly because I like
- 40:03content to feel like something that I can.
- 40:06And again, it depends on the medium to your points.
- 40:08Like for a podcast, if it was something where I was updating
- 40:11you on my life at the front of every episode, then yes, it's
- 40:13going to be obviously a much shorter timeline.
- 40:15And I have peers that they do a podcast and it comes out two
- 40:17weeks later. The reason that I did it this
- 40:19way is because I just never wanted to feel like content was
- 40:23something that was controlling me, but more that I controlled
- 40:25it. And so again, I think it's
- 40:27really contextual to the type of business.
- 40:29And I think if anything, my advice would just be to have
- 40:31that bank for yourself. So when you get into a sticky
- 40:33situation, you're not feeling like, I don't feel like
- 40:35creating, but I have to create instead.
- 40:37Like when you have that momentum, lean into it and get a
- 40:40big Bank of stuff built up so you have something to rely on.
- 40:43I love that. I'm going to ask you a question
- 40:45today, OK? Yeah, because I want to go on
- 40:48this content piece. Do you?
- 40:50And I think this is something we're going to actually have an
- 40:52opposing opinion on, but OK, do you believe that the content is
- 40:59integral to marketing and selling your business in today's
- 41:02market? Or do you feel that there are
- 41:07still other ways to successfully that just leaves too much room
- 41:11for Gray? Because I know that you're a
- 41:13Gray person like me, but you get what I'm trying to say, right?
- 41:16Yeah. Do you have to be like non-stop
- 41:18marketing in order to generate sales in that?
- 41:21No, I don't like, I think that marketing and content makes it
- 41:24very easy, but I don't necessarily think that it has to
- 41:27be the way. My thing that I tell people is
- 41:30like, if you're not going to in a front facing way, market
- 41:33yourself, that's totally fine. But you need to make sure that
- 41:36you have another pipeline, another another way that
- 41:38actually does generate the outcomes that you want.
- 41:40And so for example, like I was talking to someone this morning
- 41:43and they've built a very successful referral based
- 41:45business. Like they literally do not
- 41:47really market themselves at all. And so there's ways to structure
- 41:50businesses that have nothing to do with content, But I think the
- 41:52the important thing for people to recognize is that each one
- 41:56has its pros and cons. So for example, the pros and
- 41:58cons of a social media business would be the fact that I'm
- 42:00posting and my social media account gets deleted.
- 42:02Well, guess what? I got deleted.
- 42:04So in that instance, something like a referral based structure
- 42:07would have been the thing that saved me.
- 42:09And so for me, I think just kind of like you talk about
- 42:11diversifying platforms, I believe in diversifying models
- 42:14because I think if you were only using one type of model to grow
- 42:17your company, it's extremely volatile in the sense of that
- 42:20something changes, your company basically becomes obsolete.
- 42:23This is annoying because I have nothing else.
- 42:27The answer that I. Wanted on my cake look at us go
- 42:31of one actually on that point and I talk about this all the
- 42:35time. We talk about quadrants, right?
- 42:37And then when people hear me talk about quadrants like I
- 42:41physically cannot do more than what I'm doing and I have to
- 42:46keep re educating on the fact that it's not about doing more,
- 42:50it's about re optimizing the time that you are currently
- 42:52spending. If you are spending 30 hours a
- 42:55week on content that is not producing sales, my advice to
- 42:59you is that to give up on that content.
- 43:01But let's make that 5 hours of one data analysis.
- 43:05Let's look at why it stopped working and let's fix that up
- 43:07while we're doing. Because people don't understand
- 43:10the concept of a transition period, right?
- 43:12They think if I make a change, then the output changes
- 43:14immediately after. But when we look at systems,
- 43:16there is a stock, there is an input and an output.
- 43:19You can change the input drastically, but the output can
- 43:22take decades. It's like think of the ozone
- 43:24layer, OK, we've made a hole in the fucking ozone layer.
- 43:27It's there. It's not going anywhere, OK, So
- 43:29even if we were to cut all pollution to death, it would
- 43:33take centuries to fix that, longer than decades, even though
- 43:37we've changed the input straight away.
- 43:39And so I want you to think about the same thing.
- 43:41With any change in system that you make inside of your
- 43:43business, there will be a transition period each and every
- 43:47time. So while you are transitioning,
- 43:49while you are looking at the data, while you are changing
- 43:51your content and marketing strategy, remember, marketers
- 43:54are good at what they do in the sense that they will make a
- 43:57promise. They can, most of the time they
- 43:59can fulfill it, But a lot of people will tell you that if you
- 44:01just make this one change, you'll make sales in 24 hours.
- 44:04We've seen that play out time again.
- 44:06However, I, I don't like that way in marketing because there
- 44:11are still a massive portion of companies that are doing
- 44:15phenomenal things, that are doing all the right things,
- 44:17making all the right changes and don't see those changes in 24
- 44:21hours. The audience, that's their
- 44:22market, their business needs more time to warm up to that
- 44:26shift, to warm up to that change.
- 44:28And that is OK. You're not doing anything wrong
- 44:30because of it. But anyway, coming back now,
- 44:32it's my rabbit brain. It's everyone's like, oh.
- 44:34No, I agree. And I think it's important for
- 44:36people to remember the compound effect because I think if you
- 44:39think about a company creating a profile, deciding to put up two
- 44:43posts and starting to sell it to you, ask yourself how you feel
- 44:45about them now. And so for me, I think the same
- 44:47thing is true when it comes to marketing.
- 44:49Like there's a lot of marketing out there that says, like, you
- 44:51put up this post or you create this thing and boom, your
- 44:53business blows up. And frankly, if it was that
- 44:56simple to do at scale ongoing, then like there'd be a lot of
- 44:59massive companies. So I think the thing that's
- 45:02important to remember is that like marketing really is to your
- 45:04point earlier about trust building and community and
- 45:06connection. And so, yes, if someone wants to
- 45:08approach their platform of their marketing, the transaction that
- 45:11there's a lot of transactional things that I can do.
- 45:13But if you're rooting your principles and your strategy and
- 45:16actually creating a brand and community and a quote UN quote
- 45:18reputation, someone who actually cares about their reputation
- 45:22wouldn't press that button because it's really only with
- 45:24their own interest in mind, not their community's interest in
- 45:26mind. And so I could not agree with
- 45:28you more. OK.
- 45:30Sales calls or closing over messages.
- 45:34Oh OK now you talk about DM selling a lot.
- 45:40Sorry. I feel like I have an idea of
- 45:43what I would think you would say, but you have consistently
- 45:45surprised. Yeah, I think this game is
- 45:47better because you don't know. We don't know each other's
- 45:50answers. So I'm like, it's like poker.
- 45:52I'm like, what is she going to do?
- 45:55Listen, I'm going to speak to people that are maybe struggling
- 46:00with sales a little bit more right now.
- 46:02The fundamental process of selling is the same irregardless
- 46:06of the platform. It comes back to skills, it
- 46:10comes back to processes time and time again.
- 46:12When we look at the skills for being an amazing salesperson,
- 46:16we're looking at communication, listening or reading between the
- 46:19lines and non verbal communication, but looking at
- 46:22repetition, right? So these are the things that
- 46:26truly make for a great salesperson.
- 46:28So it doesn't matter if you're doing it on a call or in the
- 46:30DMS, if you cannot navigate a person and communication
- 46:35properly at the start, it's not going to work irregardless.
- 46:39However, let's say you are good at those things, all right?
- 46:42Well, let's say you're good enough to make a sale, right?
- 46:47If you are someone that has started a business and not
- 46:50started with sales calls, I highly caution that approach to
- 46:56business. Yeah, because.
- 46:59One, you need to understand how people work on a very intimate
- 47:04level. So the only way to do that is
- 47:06controlled exposure. You can only bring that process
- 47:10into a more streamlined platform like DMS when you've established
- 47:16something first, when you've established a cadence, once
- 47:18you've established how to read between the right, once you've
- 47:21worked on your skills, can you actually translate that over?
- 47:23So I would say at the start, get on as many fucking sales course
- 47:28as you can. And that is per business.
- 47:32And like this is The thing is people think, OK, well, I built
- 47:34a good business before I know how to do it.
- 47:36It's going to work for the next one.
- 47:37Let me tell you now, OK, starting Ventura again, like you
- 47:40have to remember I'm a multi founder at this point.
- 47:42So I've started four companies, scaled 4 companies and now I'm
- 47:46on my fifth. Each and every time I've had to
- 47:49start over again. Each and everyone had a
- 47:51different business model. Each and everyone.
- 47:52I had to relearn the consumer. I cannot learn the consumer
- 47:56simply by looking at content or simply by speaking people in the
- 47:59DMS. I need to get on calls.
- 48:00I need to speak to you one-on-one.
- 48:02There needs to be more open interaction that is centralized
- 48:05and inside of a focus group, right?
- 48:07And you do that time. Time.
- 48:08Yeah. Once you've solidified that,
- 48:10once you understand your process, once you've built your
- 48:12skills, then you can translate that and look at what that looks
- 48:14like at scale. Again, they're the same thing,
- 48:18but the skills required need to be developed first.
- 48:21Yeah, I agree. I think that the thing that
- 48:23really helped me going into the business was the fact that I was
- 48:26a high ticket phone closer because for me, I was like I was
- 48:28doing just so much volume of calls.
- 48:31So for me, I was like, oh, OK, I really know the rhythm here.
- 48:34And then when I took that into my own business, I still
- 48:36continued that rhythm, as you said, to kind of like really
- 48:38make sure that I was feeling out what it was going to look like
- 48:40for my market. But then really, frankly, like
- 48:43the DM process to me is really a duplicate of the sales process
- 48:46on the phone. But I think that if I could
- 48:49really answer this truthfully, if I had the capacity and like,
- 48:52I will not hire a closer until someone tackles me to the ground
- 48:55because I love sales. But if I like, I love it like I
- 48:59will, I will literally with the last thing you're going to peel
- 49:01my fingers off of it because I'm obsessed with it.
- 49:04And I'm obsessed with it because I think, you know, to me,
- 49:06selling is a little bit different than maybe people
- 49:08might think about it as, but I really just like connecting with
- 49:11people and I want to like chit chat with people and be able to
- 49:13understand like how I can help you and just really get honestly
- 49:16behind the curtain of your business.
- 49:17And for me, if I could have it my way, I would have all calls
- 49:21because I love them. And I think that they're not
- 49:23only helpful for the consumer and the person who's looking to
- 49:25purchase to really get a scope and understanding of what
- 49:28they're investing into, but it's also just like so incredible for
- 49:30your skill set to be sharpened. It's so incredible for market
- 49:33research. It's so good for just so many
- 49:35different things. But I think the DM process for
- 49:38me at least came kind of from a place of definitely capacity in
- 49:42a sense of that I wanted to do calls, but I just could not do
- 49:45calls with everybody. And I was like very at that
- 49:47moment really opposed to getting any help with it because I was
- 49:49like, I want to be in it. But I think when it came to
- 49:52messages as well, what I started to see happen was that the
- 49:54market was really pushing, not getting on calls in the sense of
- 49:57like the consumer was the one actually more than myself who
- 50:01was saying like, no, I don't want to get a phone call, just
- 50:02give me the information. And so that moment for me was
- 50:05kind of an interesting pivot because it showed that if I
- 50:08didn't move in my approach and I was like, no, you have to get on
- 50:11the phone with me. What I actually found was it
- 50:14kind of broke my paradigm of what I thought sales had to look
- 50:18like in order to close. Like people often had this kind
- 50:20of preconceived idea of, oh, no one will buy a super high ticket
- 50:23offer in the DMS. Like, that's crazy for someone
- 50:25to invest so much money. And so when our team started
- 50:28closing like $100,000 deals in the DMS over messages, we were
- 50:31like, OK, wait, what the hell is going on?
- 50:33Because like, it was just such a change to the perspective of
- 50:36what we were told was possible. And so then I was like, OK, if I
- 50:40explore this and refine this to be able to teach other people.
- 50:42Like for the mom who has three kids running around, being able
- 50:45to close a deal without having to take an hour out of her day,
- 50:49like how supportive that process is.
- 50:51And so I think for me, like, I know it's not the point of
- 50:53today's game. I would actually say the Gray,
- 50:56the middle. And I think because I think DMS
- 50:58have a process for us. I think that they have a place.
- 51:01But I do think that sales calls and actually talking to people
- 51:06about sales and that's going to translate to events.
- 51:08It's going to translate to phone calls, it's going to translate
- 51:11to all kinds of things. Those skills, as you said, like
- 51:14the reason that I audit sales calls for people even still in
- 51:16our offers today is because regardless of what kind of
- 51:18business you're in, if you can't sell face to face with someone,
- 51:22you got a problem. Because if you are selling in
- 51:25the DMS, you're like, oh, that feels easy for me.
- 51:26Yeah, it would feel easy if you had three hours to craft a
- 51:29message on what you want to say. The skill set, as you said, both
- 51:32verbal and non verbal of being able to communicate the value of
- 51:36an offering and close a deal is just a skill set that every
- 51:40single entrepreneur has to have. And so I agree, I think that you
- 51:44have absolutely no right to be going into DMS or making an
- 51:47automated or, you know, framework or a process of this
- 51:51until you've really mastered the intricacies of selling, which in
- 51:54my opinion, to your point, I so agree with you, only happens to
- 51:57repetition. Absolutely.
- 51:59And you know what, the answer to this guy's duality, OK, when we
- 52:03look at the perfect example of this is, I have been trying to
- 52:08go to companies, SAS companies, Buzz Sumo and Pitchbook.
- 52:13Oh, I can't wait till I get stressed talking about it.
- 52:16They keep trying to get me on a fucking demo call.
- 52:19I'm like, give me off the demo call.
- 52:21Find a different way to show me what this looks like.
- 52:25Just give me something else. And this is the thing with sales
- 52:28is there needs to be room for agility.
- 52:30There needs to be room for leniency inside of your sales
- 52:33process to men, to the consumer. Because like you said, and we
- 52:36know with, you know, biopsychology, the way that
- 52:39females consume, we like less confrontational channels, which
- 52:43means things that happen outside of anything that is a face to
- 52:47face interaction, right? Anything where we can sort of
- 52:49just ease into it, we. Very well may need a Part 2 guys
- 52:53because there's just too many the true confidence I had
- 52:56drafting this list. I'm like listening to us.
- 52:58We both have the gift of gab, myself included, and so I'm
- 53:01going to pick some juice ones. I'm going to go toward the
- 53:04bottom to. Some juicy.
- 53:05OK, OK. Hit us with it.
- 53:08OK, kind of on the sales note, objection handle or permission
- 53:13based and no pressure. Oh, oh, OK.
- 53:18I say permission based and no pressure in this market, OK,
- 53:21with our consumers and the buyers type.
- 53:23And the reason that I say that is because I'm going to tackle
- 53:27it from the fact that objection handling as it's taught today at
- 53:30Mass is not the type of objection handling that you
- 53:34should be doing in your sales with the market being in the
- 53:37shape that it is right now. People are tired, OK?
- 53:40People's experiences are very real.
- 53:43And there was a point in time where I was like projection
- 53:45handle like I was following the scripts, girl, I was, I got
- 53:49their scripts, I put them in and I was like, why is no one buying
- 53:53from me? That's why I'm because your
- 53:56objection handling in a way that doesn't feel good.
- 53:58It feels slimy because it is slimy.
- 54:01So when you start to ask for permission to explore further
- 54:05and like the previous discussion sort of led on to when you
- 54:08sharpen your acumen and you sharpen your skill set to be
- 54:11able to recognize objections that aren't specifically told to
- 54:15you, you're going to have a much easier time handling objections.
- 54:19And it really comes back to exposure.
- 54:22It comes back to being in more of these sales close time and
- 54:24time again. So you understand what the
- 54:26actual true objections are. For example, you know, we hear
- 54:29all the time objection handling in the sense of pricing
- 54:32objections. And I need to ask my partner and
- 54:35this, that and the other. There are more fundamental
- 54:38objections than pricing or permission that come back to
- 54:42fear, that come back to inadequacy, that come back to
- 54:45imposter. And so with these objections,
- 54:49you have to understand it's very hard to handle those objections
- 54:521 to one with a person that is not ready to handle objections
- 54:56like that. Those with the firm, the biggest
- 54:59objection we got was fear of change.
- 55:01Not one person said fear of change.
- 55:03Every person said, oh, you know, it's not the right time.
- 55:06The money's not a good fit. And because of those
- 55:09communications, we actually found out the real root cause
- 55:12was it was too much too quick. I cannot go back and forth in
- 55:16the end with someone that is fucking overwhelmed, can I?
- 55:19No, I cannot. So I had to change the
- 55:22communication strategy front facing to handle objections from
- 55:25facing to make sure that we're talking about what that
- 55:28incremental change process looks like at scale.
- 55:32And so when I look at to answer the question more clearly, 1 to
- 55:35one permission mass objection, right?
- 55:39Because you can, there is more room to educate.
- 55:42There's less pressure, less focus on one central focus,
- 55:45which makes it take the pressure off objection handling, right,
- 55:49that word. So when you're doing it front
- 55:51facing objection handling, no typical way.
- 55:53Educate, move people throughout the process.
- 55:54Speak to the symptoms, speak to the pain point, speak to the
- 55:56desires. That is how you can leverage it.
- 55:59But one to one, always ask permission to deep dive further.
- 56:02But not just ask for permission, read through the grave because
- 56:06that's the only way you're going to be able to find the actual
- 56:10objections to handle. Because I'm telling you now,
- 56:13price is very rarely one of those things if you are doing
- 56:17all the right things in the first place.
- 56:19Well, I think it's also like what people hear the objection
- 56:21is versus what the actual objection is really that is what
- 56:23you're saying. Because I think, you know, like
- 56:25I was watching actually a sales consult with like, it was
- 56:29basically a bunch of people in the venture capital space going
- 56:30back and forth. And someone was pitching one of
- 56:32their services in, in this conversation for their project.
- 56:36And they basically had said, yeah, like, I just want to see
- 56:38if it's in budget. And then, you know, later in the
- 56:40conversation, I'm thinking as I'm watching this as an
- 56:42outsider, I'm like, what is the budget?
- 56:43Like, ask what the budget is. Ask what the budget?
- 56:47And so then later in the conversation he goes, yeah, and
- 56:49you know, we don't really have a budget, but and I'm like, how
- 56:52can it be outside the budget if we don't have a budget?
- 56:56So like to me, it's as you said, reading in between the lines is
- 56:59such a big piece of really understanding the depth of
- 57:01what's going on. And I think when it comes to
- 57:03objection handling the pressure approach of like, you know, you
- 57:08have to close on this call. Yes, if people are ready to move
- 57:11on the call, they'll move on the call.
- 57:13But I think because we have such a bad taste in our mouth now
- 57:16about the pressure sales approach, as soon as we get any
- 57:18inkling of the fact that's what the situation is going to be,
- 57:21our guard immediately goes up. And so at that point, we are no
- 57:24longer really in an effective sales conversation because the
- 57:27person is basically protecting themselves more than anything
- 57:30else in the conversation that you're having.
- 57:31And so the thing to me when it comes to objection handling is
- 57:35not really even a matter of pressure or pushing through it.
- 57:38To me, the way that I think about objections is an aspect of
- 57:40curiosity. So if someone says, for example,
- 57:43you know, like, I don't know, I just, I think I need to think
- 57:45about it or I don't know about the price or whatever it might
- 57:47be. I'm genuinely just curious as to
- 57:49how I can support you. Like, do you need me to send you
- 57:51something? Do you want case studies?
- 57:53Like what would be helpful for you to feel empowered to take
- 57:55that next step? And one of the things I was
- 57:57actually talking about with my coach was talking about the
- 57:59aspect of safety being the word. And I think people really need
- 58:03need to, especially in today's market, feel safe to invest.
- 58:06And so when someone is aggressively following up with
- 58:09you and aggressively pushing and it's like their timeline and you
- 58:12got to move now and all of these like fake BS urgency things,
- 58:15when you and I both know the offers going to be there next
- 58:17week, in instances like that, you've instantly broke trust
- 58:20simply just trying to quote UN quote close the sale.
- 58:22And So what I've seen is that the sales cycle of some of the
- 58:26sales is taking longer because of the lack of trust.
- 58:29They're still going to close, like sales are still happening
- 58:32every single day for all of these businesses.
- 58:34But the timeline of how they close is adjusting.
- 58:37And that is simply based off the fact that people need more time
- 58:39to build trust and also to feel safe in the sales process.
- 58:43But the way that you can condense that timeline that
- 58:45we've seen is literally by just being a total open book and
- 58:48saying, listen, whatever I can do to support you the best, you
- 58:51let me know and I will give you that.
- 58:53Case studies, no problem. Talk show past client, no
- 58:55problem. See this on the website?
- 58:57No problem. Need a brief on the following.
- 58:58Great, sounds great. Whatever I'm hearing, I'm like,
- 59:01integrate it. Integrate it because it
- 59:02basically means your audience may need planting of seeds to
- 59:06help them to feel that they have all the information to feel
- 59:08empowered to move. And often times when someone has
- 59:11to really aggressively do objection handling, it's because
- 59:15there's been to your point earlier when you talked about,
- 59:17you know, hitting objections to the mass is IE via marketing and
- 59:19things. I think that a lot of the time
- 59:22people are handling the objection way too late.
- 59:24And that's why when it comes to the sales process, you're like,
- 59:27what? They hit me with this, that and
- 59:28the other. And so yes, that may have come
- 59:30up during the consultation, but to me that tells me that there
- 59:32was a lot of lack of handling on the front end which caused that
- 59:35to come up in the 1st place. And so I think there's kind of
- 59:37this duality, which is, yes, you want to know how to handle the
- 59:40sales conversation, but also asking yourself, are you
- 59:42effectively handling objections that you're getting on the front
- 59:45end to prime people, not only people you're talking to, but
- 59:48other people who are going to come into your world about your
- 59:50beliefs or perspective on it as well?
- 59:52I love that. I want to just really emphasize
- 59:56one point that you made. How do you make them feel when
- 59:59you're objectively that is the root cause of everything and I'm
- 1:00:03sure you get all of the same messages every time.
- 1:00:06We were in a sales conversation like pretty much 99% of the time
- 1:00:09at this point. The one thing that they say?
- 1:00:11Just before they close is wow, I didn't expect you to care so
- 1:00:15much or I've never had someone take the time.
- 1:00:18I've never had someone, you know, invest so much in being
- 1:00:21curious about me and my business.
- 1:00:23Yes, it's always said in different ways, but it's always
- 1:00:25that root cause. If I've always made them feel
- 1:00:27sane and safe, There is no pressure.
- 1:00:30There is no this, there is no that and we have to remember,
- 1:00:32OK, we have to be cognizant of the fact that many of the
- 1:00:36listeners listening to this are in fly to fly.
- 1:00:38You're in this desperation mode of I need to make money today.
- 1:00:41So you are acting in I need to make money today, which means
- 1:00:45there is pressure on your side and you are putting this
- 1:00:47internal pressure into the external environment, which is
- 1:00:50ultimately chasing people away. And like you said, that will
- 1:00:54cannibalize all of the results. I fucking love that saying.
- 1:00:57Oh my God, I'm stealing that from you today.
- 1:01:05That will ultimately be your downfall.
- 1:01:08And This is why mindset is such an important conversation in
- 1:01:12sales, in marketing and running businesses, because if you bring
- 1:01:15your desperation into that sales conversation, you've lost them.
- 1:01:18That's it. And The thing is that it's much
- 1:01:21easier to take someone from not trust to trust than not trust
- 1:01:24trust, distrust than trust again.
- 1:01:27So just nurture that relationship as best you can.
- 1:01:30Remove your current situation from their problem.
- 1:01:35Just solve their problem, let it be, and then the rest will
- 1:01:38follow. Yep, absolutely, absolutely
- 1:01:41give. You a juicy one, OK, give me OK,
- 1:01:49this is going to be, I can't wait to hear this.
- 1:01:51OK, women's versus men's business.
- 1:01:53So they're being 2 separate categories of doing business?
- 1:01:55Or do you believe business is business?
- 1:02:02I told you I was giving you a spicy one.
- 1:02:03I told you I was giving you a spicy one.
- 1:02:05OK, OK. All right.
- 1:02:09In OK. In what context?
- 1:02:11In terms of scalability, In terms of establishing product
- 1:02:15marketing? In terms of whatever, whatever
- 1:02:18comes through for you, OK, there's no box.
- 1:02:20OK, I don't even know how to answer it.
- 1:02:25I don't know how to answer it. I can go first if you want, no?
- 1:02:29Have thought no, I want to go first because I.
- 1:02:34Don't want to. OK.
- 1:02:35I really feel like I want to gather my thoughts.
- 1:02:37I can go first. OK, girl.
- 1:02:38Drop it on me. Let me because give me like give
- 1:02:40me what your. Gut told you before you tried to
- 1:02:43filter it. OK, my gut, he's not going to
- 1:02:48say anything helpful to you because my gut when I hear the
- 1:02:52word men, I'm like, and this is so interesting, Kate, especially
- 1:02:56because a lot of your support system and I'm looking at
- 1:02:59stories. OK, I'll see it.
- 1:03:01It's men. It's very interesting.
- 1:03:04And mine is the complete opposite.
- 1:03:07I have run from men in every direction that I can, venture
- 1:03:10capital, angels, investors, partners, clients.
- 1:03:15I run the other way. And I think that naturally, my
- 1:03:18branding has also made it very clear that you do not come near
- 1:03:21me, baby girl, you do not come near me.
- 1:03:23This is a female space only. I think that it's ultimately
- 1:03:29personal preference. It ultimately matters where you
- 1:03:32feel safe and what you're building.
- 1:03:34For me, I really thrive in understanding my community and
- 1:03:39my community really wants that female connection.
- 1:03:43And I naturally just call in consumers whose business models
- 1:03:47are also based on women. And that's industry agnostic
- 1:03:51too. Like when we're looking at the
- 1:03:53consumer brands that we work with, it's the same.
- 1:03:55They are primarily in the female space and they're looking at
- 1:03:58tech companies. They are predominantly started
- 1:04:00by women. Although the consumer landscape
- 1:04:03changes. However, the market marketing
- 1:04:05lens is for women, which means we naturally call in more women.
- 1:04:08So that's a very interesting question.
- 1:04:11I don't think I've ever been asked that personally.
- 1:04:14For me, where I go with my brain is it just depends on you and
- 1:04:19the business model and what you feel comfortable talking to.
- 1:04:21I think that people that have had experience in corporate are
- 1:04:24far more adept to conversations across different genders.
- 1:04:28I'm not one of those people and I wish that I was, but there's a
- 1:04:31lot of work that needs to be done.
- 1:04:33Like I got off a venture call the other day and I cried
- 1:04:38because and not because I got any different answers, but I
- 1:04:41think because of all of that in a child in me that just is so
- 1:04:46terrified of men that I was like they said, no, I'm not good
- 1:04:50enough. I'm never gonna be saying.
- 1:04:53And you just have to understand that when we're looking at men
- 1:04:55versus women, ultimately your marketing and your sales will
- 1:04:58change depending on the channel. So if you are marketing just to
- 1:05:02women, I I would say you would have a little bit of an easier
- 1:05:06time because in terms of the strategy approach to it, you've
- 1:05:09got less to think about in terms of delivery.
- 1:05:12When you're looking at both ends of the coin, there is more to
- 1:05:15think about. You've got different sets of
- 1:05:17bias types in how they consume. You've got different
- 1:05:20communication strategies, different sales psychology.
- 1:05:23So in terms of ease, you'll probably have an easier time
- 1:05:26choosing one. You'll probably create, let's
- 1:05:28establish a little bit faster product market fit choosing one.
- 1:05:31But again, I'm in Gray all of the time because I have seen the
- 1:05:35opposite happen time and time again.
- 1:05:37So that's where my brain is, baby girl.
- 1:05:40OK, so I feel I actually don't know if I'm great, I'm going to
- 1:05:45like maybe just decide this after I speak and I'll be like,
- 1:05:47that's what it is. I think that I think there is a
- 1:05:50difference between men's business and women's business
- 1:05:52because like even for myself, I was I was in like a mentorship
- 1:05:55kind of thing with someone and I had said, you know, our team is
- 1:05:57all female. And so I had said, you know,
- 1:05:59like all of us are starting families and kind of in that
- 1:06:01season of life. And so there's a lot of mat leaf
- 1:06:04situation happening and everyone who listens to my stuff knows
- 1:06:07that I've actually never, except for one time, the very, very
- 1:06:10early started my business. It was a very short amount of
- 1:06:12time. I've always had male mentors.
- 1:06:14And so for some people they're like, this is so interesting
- 1:06:16because you only coach women. I've never had a female mentor.
- 1:06:20I've always had male mentors. So for myself, when I went to go
- 1:06:25to this past mentor that I had a while ago and I had said, you
- 1:06:28know, like our team is starting families.
- 1:06:29What do you think? He was like, well, This is why
- 1:06:30you hire men because you're not going to have to deal with
- 1:06:33problems like this. And I was like, OK, And that was
- 1:06:35the end of my coaching. So basically, you know, that was
- 1:06:39its own factor. But OK, what ended, what ended
- 1:06:41up happening and kind of like what developed from this?
- 1:06:44So the reason I started my business is because I was in a
- 1:06:46room where there was not enough women in that room.
- 1:06:48And so I was like, OK, there's clearly and more of a need here
- 1:06:51for women to really feel empowered to hold space and to
- 1:06:54not feel that they're meant to be head in the corner basically
- 1:06:59in this Coed room. So then I went into the woman's
- 1:07:01business space. And what I actually found was
- 1:07:03the contrast that I didn't like, which was the fact that it was
- 1:07:06like woman's business. And when I would go into, you
- 1:07:09know, certain types of rooms or retreats or things like that,
- 1:07:12one thing and then the women were being taught.
- 1:07:13Frankly, if I could put it candidly, in some instances,
- 1:07:16this is not a blanket statement, but in some instances it was
- 1:07:18very fluff. It was like relationships and
- 1:07:21sisterhood and things like that. And I was like, I, we need that
- 1:07:24and we desire that. And that's something that we,
- 1:07:26you know, we discuss, but I think it's like, where am I
- 1:07:29going to learn about the team and the leadership and the
- 1:07:32management and the finances and like the, the nitty gritty of
- 1:07:34what's required here to build a business.
- 1:07:35And So what I found was when I saw not all, but some women
- 1:07:39teaching women's business, it kind of got put with this big
- 1:07:42pink filter over top of it of like, we don't need to talk with
- 1:07:46tactical here because it's women's business.
- 1:07:48And so there was literally events that I remember buying
- 1:07:50tickets to going to one day of the conference and being like,
- 1:07:54this is a total waste of money. I'm not doing this.
- 1:07:55And so I for myself got really frustrated because I was like,
- 1:07:58every time I tried to find someone who was really truly the
- 1:08:01duality of masculine and feminine, it felt impossible to
- 1:08:04find in a woman. And so then it led me to really
- 1:08:08finding truthfully male and like they know who they are, male
- 1:08:11coaches who were very much tapped into their feminine.
- 1:08:14And so the thing that I now have really kind of like unpacked is
- 1:08:19the fact that it really isn't about male or female, but more a
- 1:08:23matter of making sure that business in general is
- 1:08:26approached from the duality of both.
- 1:08:29And the only instance where I do think, you know, the women's
- 1:08:32business really comes in is that we need to have acknowledgement
- 1:08:35of the fact that women are not doing business the way that men
- 1:08:38are. And what I mean by that is as
- 1:08:40women, we are, whether we like it or not, and again, gender
- 1:08:44roles as they are changing and adapting, we still are very much
- 1:08:47homemakers, whether we are the core homemaker or not.
- 1:08:50Now, on top of that, we're also somehow in some instances being
- 1:08:53the breadwinner as well and have to navigate that.
- 1:08:55But then also on top of that, have three kids and make sure
- 1:08:57that you're home to raise them and bring them to the bake sale
- 1:09:00after school. And so how are we supposed to do
- 1:09:02that with a man leading the show telling us how they did it when
- 1:09:06frankly, that wasn't their role necessarily in their home.
- 1:09:09And so I think in instances where we are getting coached on
- 1:09:13the reality of what it looks like, IE the ecosystem in which
- 1:09:16we're building the business, that needs to have a women's
- 1:09:19approach. Because no one who isn't a
- 1:09:21woman, IE who's been pregnant, had kids, done all of those
- 1:09:24things, has ever gone through that.
- 1:09:25So no one else really, in my opinion, can speak to what that
- 1:09:28looks like and how to navigate it.
- 1:09:29But when it comes to the business strategy aspect, I
- 1:09:31don't think that there should be women's business and men's
- 1:09:35business. I think it should be this is
- 1:09:36marketing and this is how it's done well and adapt to whoever
- 1:09:40the person is you're speaking to or sales or offers or team or
- 1:09:43leadership. And it shouldn't be that you're
- 1:09:45changing the way that you lead your team because you're a
- 1:09:47woman. Yes, you have and you understand
- 1:09:50your team and maybe they're more empathetic or the communication
- 1:09:52style is different, but I think that's still at the root of what
- 1:09:54all management and leadership should be.
- 1:09:56And so to me, women's business is about understanding the
- 1:10:00ecosystem in which we're building it, not a matter of
- 1:10:02adjusting the strategies of how we're teaching business and the
- 1:10:05way in which we're executing it daily.
- 1:10:06I love the way that you communicated.
- 1:10:09That through and through we look at the amount of companies, what
- 1:10:131%, roughly 1 to 2% of women ever so possible $1,000,000
- 1:10:16threshold in business despite women owning 42% of companies
- 1:10:20across the US. Those are not good statistics.
- 1:10:23The great, right, the great in terms of we're actively involved
- 1:10:26in the conversation. But to your point, if we keep
- 1:10:30filtering the conversation on business education for women
- 1:10:32through rose colored glasses, we will never see anything
- 1:10:35different. And I think that's why, you
- 1:10:37know, figures like you, like me, like women who are actively very
- 1:10:42strategic, who are both masculine and feminine, the
- 1:10:45support systems that women actually need to move forward so
- 1:10:49that we can start to see a shift, start to see a change.
- 1:10:53But this brings up a very interesting conversation for me
- 1:10:56and something that I'm very curious to know about with you
- 1:10:59and your thoughts. But do you believe that women
- 1:11:04LED businesses who might be playing more into the women
- 1:11:07ecosystem, the female ecosystem? You know, we see these companies
- 1:11:12that are building all women teams.
- 1:11:13That's great. We love that for you.
- 1:11:15Do you think that there needs to be a shift towards duality in
- 1:11:19the workplace, true inclusion, true diversification in the
- 1:11:23workplace? Or do you believe that just
- 1:11:28having women in the workplace is diversified enough?
- 1:11:31No, because I think that I. Think the main reason that women
- 1:11:35are having all female teams is of the belief that because their
- 1:11:38mission is so female rooted that they feel like they're going
- 1:11:41against their own mission by hiring men.
- 1:11:43And I think instead the conversation really needs to be
- 1:11:47about how can we bring in men to this team and what our mission
- 1:11:50is and make sure that they're on board with that mission.
- 1:11:53Because to me, if we were for example, to say that men can't
- 1:11:56be in all a base of women as a team, what that's indirectly
- 1:12:00doing is you're just segmenting in the other direction now.
- 1:12:03You're just discriminating on the other lens now.
- 1:12:05And so I think, you know, yes, there are instances where we
- 1:12:08want rooms to be all women. Like for example, my mastermind
- 1:12:12that I have is only women. There's no men inside.
- 1:12:14And that was to really create a safe space for people to really
- 1:12:17feel the space to be vulnerable and have conversations about
- 1:12:20things. But like for myself, I coach
- 1:12:21men, even though my branding is all female oriented and it's
- 1:12:25about changing the stat and all of these things.
- 1:12:28I have incredible men that I work with, but the qualifier for
- 1:12:31me is what kind of man you are, not a matter of fact that you
- 1:12:34are a man. And so I think same thing for
- 1:12:36team for me is more a matter of what kind of man are you and can
- 1:12:39I support you or can I work with you?
- 1:12:41Less of just the fact of the actual like left or right of are
- 1:12:45you a male or are you a female is to me like such a side piece
- 1:12:47to it, but more a matter of the essence of what is that you
- 1:12:50stand for. And so I think even when I tell
- 1:12:52people I've had all male coaches the whole time, people say like,
- 1:12:54that's so crazy. And I'm like, but The thing is,
- 1:12:56it's because of the values that they hold.
- 1:12:58And like any of those mentors will tell you that they are
- 1:13:00extremely feminine as men. Like they're very comfortable in
- 1:13:04the duality. And that's really why I, I feel
- 1:13:07that it doesn't necessarily, you know, poke holes in my mission
- 1:13:11or change any of what I'm doing here because there's so much
- 1:13:14that they bring to the table. And instead, I think we also
- 1:13:17have this ability to kind of create an invitation and a
- 1:13:20duality. Like I think there's a lot of
- 1:13:21natural separation here between men's business, women's
- 1:13:24business. Women in a way, are almost
- 1:13:26creating their own divide by separating ourselves, right?
- 1:13:29And so I think if we can also make an effort to say, hey,
- 1:13:31here's what we need as women in business, here's how we want to
- 1:13:35operate, here's how we want to do things.
- 1:13:37And then creating allies and partnerships on the other side
- 1:13:40is much more of a powerful move long term, as you said, to
- 1:13:43changing that stat than just, hey, we're going to try to do it
- 1:13:46on our own. When truly there's a lot of men
- 1:13:48who are very great men in business who don't do it the
- 1:13:51typical bro way. But because a lot of women are
- 1:13:54closed off to that because of the mindset they have around
- 1:13:56their mission, we're really closing a door to so many people
- 1:13:59who could be incredible resources for growth.
- 1:14:01I absolutely agree. And it's so funny I didn't.
- 1:14:03Come true, that realization still to mentors, I have not
- 1:14:08looked in the mail route still to investors, I have struggled
- 1:14:12in that place. But last year when we're
- 1:14:14building the firm, it was the first time, after all of these
- 1:14:18other decade in business, was the first time I looked at my
- 1:14:20team and I was like, what are we doing?
- 1:14:23This is not diversification. This is not inclusion.
- 1:14:26This is not how do we expect to go bigger and bolder when we
- 1:14:30have one lens, we have one female gaze looking at the
- 1:14:34business, looking at our strategy, looking at our
- 1:14:36operations. It's bound to go bigger and
- 1:14:38bolder when true diversity exists.
- 1:14:41It's like when you see statistics, it doesn't say men
- 1:14:44or women, it says combination of both that truly receives the
- 1:14:48best results. So I love that.
- 1:14:49OK, Alright girl, let's that last one.
- 1:14:52Yeah, I was just gonna. Say we need a part.
- 1:14:54Two, this is good we definitely will have to do a Part 2 because
- 1:14:57I think we. Probably got through 10 today of
- 1:15:00our like 22 when he's at this list.
- 1:15:04I was like my Yappa. Yappa is really gonna struggle
- 1:15:06with All right, Why? Why don't why don't you pick
- 1:15:11one? Oh my God.
- 1:15:12They're just so no pressure they're.
- 1:15:15So. Good.
- 1:15:18AI. I love a good AI conversation.
- 1:15:23OK, cool, I eat those up. OK, let's do it.
- 1:15:27OK. So for the last one, OK.
- 1:15:30The big old debate, which is very.
- 1:15:32Well timed with. Today's culture is using AI or
- 1:15:36no AI and why OK using? AI or no AI, I am a true
- 1:15:44believer that the future is AI like there is no way around that
- 1:15:50conversation and anyone that is ultra resistant to it and cannot
- 1:15:56be agile to its importance in the discussion will ultimately
- 1:16:03bye bye. That's and it's just so hard to
- 1:16:05say because I I know that there are people in my community that
- 1:16:09talk to me about being scared of AI that talk to me about I don't
- 1:16:13understand it. I don't know how to use it.
- 1:16:15I don't know how to leverage it. And besides those one-on-one
- 1:16:18conversations, one point as a founder that you should make is
- 1:16:24learning, is consuming how to actually function.
- 1:16:28Be resourceful enough to go and watch tutorials, to consume
- 1:16:32news. Immerse yourself in a
- 1:16:33conversation. The only way you're going to
- 1:16:35understand something is if you immerse yourself in it.
- 1:16:38I think the one conversation we get a lot is OK.
- 1:16:40Well, as consultants, should we be using AI in this discussion?
- 1:16:45It's a tricky 1. I think that there is a lot of
- 1:16:48regulation that needs to be involved in the way that we
- 1:16:50leverage AI as consultants. But I will let you know that I
- 1:16:55use AI every single day. I will also let you know that I
- 1:16:58would not have been able to start up my new company if it
- 1:17:00were not for AI, because the way that we now are able to take
- 1:17:06data, synthesize data, output data, the way that we are able
- 1:17:10to educate ourselves is astronomical.
- 1:17:13But then it's also, and this is all in the same point of why AI,
- 1:17:18it is also super important to understand that AI will
- 1:17:22fundamentally change the business models that will thrive
- 1:17:25inside of our landscape. And someone who was at HubSpot
- 1:17:28put out a really phenomenal study, I think it was a year
- 1:17:32ago, two years ago now on the types of business models that
- 1:17:35will thrive when they leverage AI.
- 1:17:37And there's a question in there talking about courses or
- 1:17:41memberships. Very interesting courses.
- 1:17:45People want to learn from you, your expertise, but they will no
- 1:17:49longer be looking for education. The duality in this though is
- 1:17:53that not enough people know how to actually use AI and let's
- 1:17:58talk more specifically ChatGPT to educate themselves public.
- 1:18:01And when they do, they don't always trust the information.
- 1:18:04So I think it's a much larger conversation for a different
- 1:18:07day. But at the end of the day, AI or
- 1:18:10non AI, I think irregardless of industry, you should be finding
- 1:18:13a way to incorporate AI into your business model in some way,
- 1:18:16shape or form. Whether it's to actually
- 1:18:18diversify the offerings and improve your offerings or
- 1:18:21whether it is to, you know, help with operations, systemization,
- 1:18:25automization, whether it is for efficiency, productivity,
- 1:18:27whatever that reason is for you. AI will have an important
- 1:18:31conversation. And it is more important in
- 1:18:33certain conversations over others.
- 1:18:35SAS companies, if there are any SAS companies, as I know on my
- 1:18:38side, there will be SAS companies listening to this.
- 1:18:40The reason you're not getting funding is because you're not
- 1:18:42leveraging AI. And the truth is, is that AI
- 1:18:44needs to be built into the core of your technology, into the
- 1:18:47core of your software to move forward D to C companies.
- 1:18:50Data is king. When we're looking at why AI, AI
- 1:18:53allows us to synthesize data. If you are not using platforms
- 1:18:57that leverage AI to customize customer experience, to
- 1:19:00customize usability, to customize UX, you will fall
- 1:19:03behind. And there is a really amazing
- 1:19:06tool that takes your back end on Shopify, takes the user
- 1:19:11experience, what are they clicking through, what are they
- 1:19:13not, takes all of that data and personalizes their customer
- 1:19:17experience to their usage patterns.
- 1:19:20You could never do that with a SAS platform that is not backed
- 1:19:24by AI. And so I think that there are
- 1:19:25multiple reasons as to why AI is important, efficiency data,
- 1:19:30honestly, what else is there a million?
- 1:19:33I very much second what you're saying and the way that I think
- 1:19:35about. All business creation,
- 1:19:37development, everything is that it really falls into two
- 1:19:40aspects. Whether it's marketing, sales,
- 1:19:42OPS, doesn't matter, which is quantitative and qualitative.
- 1:19:44And I think for me A is best used in the quantitative realm.
- 1:19:49I think it is a little bit too early and it's infancy right now
- 1:19:53to really use it for qualitative.
- 1:19:54And what I mean by that, for anyone listening, is the fact
- 1:19:56that we really don't necessarily, in my opinion, can
- 1:19:59we rely on it just yet for making decisions and really
- 1:20:02thinking about. The Gray or the color in a
- 1:20:05situation outside of the data alone.
- 1:20:08But I definitely agree I think that it needs to be used in
- 1:20:10every department of your business.
- 1:20:11If you're mapping out a flow of something or a production plan
- 1:20:14of something, if you're mapping out marketing copy anything.
- 1:20:18But I think the main thing is that people are using it as the
- 1:20:20start point, not the end point. And I think your, you know,
- 1:20:23point earlier when it came to courses, I actually talked about
- 1:20:26this in another episode because I think courses are something
- 1:20:28that people are creating left, right and center.
- 1:20:30And listen, I do think in this season that they are going to be
- 1:20:33something that's will sell for a little while still.
- 1:20:36But I agree, I think with the rise of AI, information is no
- 1:20:39longer the most valuable asset integration is.
- 1:20:42And so I think when you're talking about course versus
- 1:20:44membership, if you're talking about, you know, for example,
- 1:20:46consultants versus information or learning from someone
- 1:20:50education for a long time, like our biggest asset Once Upon a
- 1:20:53time was books and Google. And that's just no longer the
- 1:20:55case. We at the like at the snap of a
- 1:20:57finger can find anything that we're looking for and also ask
- 1:21:00it targeted questions to get even more of what we're looking
- 1:21:02for in the way in which we you want it.
- 1:21:04And so the idea that like education is the basis of value
- 1:21:09now is just not the case. And so I think the way that we
- 1:21:12approach it, we use it pretty well every single day in our
- 1:21:14business in a variety of formats, everything from design
- 1:21:17to Chachi, BT, all of the things production.
- 1:21:20Like today as you guys are listening to this, we're
- 1:21:21recording this on Riverside and literally inside of Riverside,
- 1:21:24you can press 2 buttons, one to edit the audio for you and two,
- 1:21:27another one to create automatically like 11:50 clips
- 1:21:30for you with captions over top of it.
- 1:21:32Download it and I can have all of those ready in the next 30
- 1:21:34minutes, right? So that was just not something
- 1:21:36that was ever available previous to this.
- 1:21:39And so I think that the main advice I would give to everybody
- 1:21:41is if you're not integrating AI, you will get left behind.
- 1:21:44And it's more a matter of understanding in the value of
- 1:21:47what you bring to any of the clients that you serve or even
- 1:21:51to your business and the way you might be involved in it.
- 1:21:53Looking at where can AI be an asset to you and complement what
- 1:21:56it is that you do instead of, oh, it's going to replace me.
- 1:21:59Look at what it has to offer and then reposition yourself and
- 1:22:02what your value really is either to your customers or to your own
- 1:22:05business. But I definitely think AI is
- 1:22:09something that a business owner either has to get with or they
- 1:22:12will get left behind. And that is such an important
- 1:22:14conversation of resourcefulness in.
- 1:22:15Business. We have been taught up until
- 1:22:17this point that starting businesses is easy and it's
- 1:22:19cheap. I think people are starting to
- 1:22:21realize now that's not the case. You have been lied to.
- 1:22:25Not anyone can be a business owner.
- 1:22:27Not everyone can. And one of the fundamental skill
- 1:22:32sets or just attributes of any successful business owner is
- 1:22:35resourcefulness. And it's so hard to say,
- 1:22:38especially as a consultant, but I can tell when someone is going
- 1:22:41to go past that five year threshold simply by the types of
- 1:22:45questions they ask, how frequently they ask them, and
- 1:22:48what they are actually doing to learn new information day by
- 1:22:50day. These are things that you can
- 1:22:52improve, though. This is not me saying if you
- 1:22:54don't have these things, then you will not succeed.
- 1:22:56No, you have the power, you have the decision to make.
- 1:23:01Are you going to stay relevant? Are you going to learn?
- 1:23:03Are you going to learn how to be resourceful?
- 1:23:04Or are you not? And that's the end of it, guys.
- 1:23:09I know what. An episode.
- 1:23:11What an episode and. You know what, you guys, we
- 1:23:15barely got through half. The list and we are well, well,
- 1:23:18I fully told her I was like, we're going to go for an hour
- 1:23:20and I'm like, I lied to you. Yeah, we definitely got through
- 1:23:22half of the list. But this was actually such a
- 1:23:24great conversation because I think that these are just so
- 1:23:27many aspects of the different things that people are
- 1:23:29experiencing in business in general and the different sides
- 1:23:32that they can go through. And you know, whether it's
- 1:23:34marketing or sales or offers or team or all of these things.
- 1:23:37And yeah, we will definitely be struggling back with a part
- 1:23:39because we have some other juicy ones that were on that list that
- 1:23:41we did not get to today. So, Lacey, let everybody know
- 1:23:45where can they connect with you? Where can they learn more about
- 1:23:47all of your goodness? I always say the best place is
- 1:23:49Instagram. Follow me on Instagram.
- 1:23:50Lacey Madison under score It'll take you everywhere that you
- 1:23:53need to go depending on what you need.
- 1:23:54And I'm excited. I'm excited for this to air.
- 1:23:56I'm excited for everyone to just learn about our brains and how
- 1:23:59we work and how we think because there are too many people
- 1:24:02telling you facts, their facts, their opinions without any
- 1:24:06reasonable logic. And so I think that first of
- 1:24:09all, you're one of the most articulate women I have ever
- 1:24:12spoken to. I am pure, but I'm Australian,
- 1:24:16okay? We are not articulate women.
- 1:24:19So anyway, there's that. I think you're extremely
- 1:24:23articulate, so I will put that out.
- 1:24:24There, I think that you're extremely articulate.
- 1:24:26I think who I was editing these videos is gonna say differently.
- 1:24:29But that's OK. You know what?
- 1:24:31And I embrace that. That is part of the brand.
- 1:24:33That is part of who I am. And I'm excited for Part 2 guys,
- 1:24:37if you don't, Kate is coming on to my podcast.
- 1:24:40The podcast is oh, I am so ready.
- 1:24:42It is going to be a. Riot and I am ready.
- 1:24:46Yes, give. The listeners a little bit of
- 1:24:48the 10. One of your show.
- 1:24:50Where can they listen to your show?
- 1:24:52So my show is called the Excuse Me So podcast.
- 1:24:54It really is about telling amazing stories, right, with
- 1:24:58amazing value left behind it. I know we're just making digs
- 1:25:01about this on how every podcast format is the same, but I think
- 1:25:06because of the the breadth of conversation, we talk about all
- 1:25:09things from start up worlds, you know, building, growing, scaling
- 1:25:12companies irregardless of industry.
- 1:25:13We talk about M&A, we talk about Angel investing.
- 1:25:16I think and the reason that I incorporated all of those really
- 1:25:19big hefty topics is because not enough women speak about them.
- 1:25:23Not enough women are at the forefront of it, especially in
- 1:25:26business. We have segments, we have women
- 1:25:28that are in M&A, we have women that are in Angel investing, we
- 1:25:31have women that are in business. But when we hear a man talk
- 1:25:34about it, a man is in M and A, a man is in business, a man is in
- 1:25:37Angel investing and that is why he has the net worth of a
- 1:25:41billion dollars and why we don't.
- 1:25:43And so I think that these are really important discussions to
- 1:25:46have. And even when you're talking
- 1:25:47about venture capital right now, I have never seen you speak
- 1:25:50front facing about venture. And I get it, it's a big
- 1:25:54conversation and a lot of people in that space are not ready for
- 1:25:58that conversation. So is here to change that.
- 1:26:01The podcast is here to change that to make sure we are opening
- 1:26:03up doors for true wealth creation for women.
- 1:26:06So if you want to tune into all of that topics that are so big,
- 1:26:10it's so necessary. Head of I mean, honestly, I
- 1:26:13think for the women listening, I can.
- 1:26:14Tell you right now she's an ambitious driven lady ready to
- 1:26:18get after it and so I highly recommend you guys go over
- 1:26:20there, make sure that you go and follow and subscribe to her show
- 1:26:23so you guys can tune into all of that as well because we will be
- 1:26:26doing a other episode in a couple days here that's going to
- 1:26:28be super fun as well. So thank you so much Lacey for
- 1:26:31today. So today was so good.
- 1:26:32We will be back. We will be scheduling a Part 2
- 1:26:35because this was just so juicy. I cannot wait to.
- 1:26:37Dive in and I genuinely. Felt like I was at like a girls
- 1:26:39wine night for business to hang out with you guys today.
- 1:26:43So it was so, so good. But if you guys have any
- 1:26:45questions or you want to follow up on any of her perspectives
- 1:26:47that she shared today, please be sure to go reach out to her on
- 1:26:49Instagram. We'll put all of her good stuff
- 1:26:51into the show notes for you so you know where to connect with
- 1:26:53her. And as always, you guys stay
- 1:26:54ambitious and we'll see you guys next week.