Episode Transcript
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0:01
Welcome to Marketing School, the only
0:03
podcast that provides daily top level
0:05
marketing tips and strategies from entrepreneurs
0:08
that practice what they preach and live
0:10
what they teach. Let's start leveling
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up your marketing knowledge with your instructors,
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Neil Patel and Eric Sue.
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All Right, guys, before we start, we got a special
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right, everyone, super excited to bring you
0:52
Lucas Lee Tyson today, founder
0:55
of growth Cave, which is a company that
0:57
helps businesses large and small to dominate
0:59
their industries online by implementing quote
1:01
unquote ahead of the curve online marketing strategies
1:04
with an aim to double sales. So I'm super excited
1:06
to talk about these kind of ahead of the curve strategies
1:09
which is what I like to nerd out on. So Lucas
1:12
first and foremost, welcome to the show. Thank
1:14
you so much for having me on, Eric, It's great to be here. Yeah.
1:16
Likewise, good to see you. So let's talk a
1:18
little bit about it. I mean, because the bio I
1:20
gave is a little kind of ambiguous,
1:23
right, So how do you narrow it down? What exactly
1:25
is growth Cavan? And actually even before that, how
1:27
did you even end up with this this business?
1:30
Yeah for sure. So just as far as what the
1:32
business is today, the way I describe
1:34
it is there's two parts of it. We have the
1:36
agency and the service side, where we actually
1:38
create and manage campaigns for businesses,
1:41
literally going in and managing and doing everything
1:44
for them on the paid advertising side. And
1:46
then on the other side of the business we have the training
1:48
and consulting side for businesses that are maybe
1:50
earlier stage. We teach the things
1:52
that we're currently doing with are done for you agency
1:54
clients, so that businesses on the smaller side
1:56
can still get the knowledge, they can get the experience
1:59
that we're utilized inside all of our ad
2:01
accounts without having to pay us, you know, month
2:03
over month for a retainer so
2:05
that's where we're at today. And I started the business
2:08
almost three years ago. I think it's two and a half
2:10
years ago officially at this point. But I've
2:13
always been a nerd, Like in high school and
2:15
through most of college, most of my time outside
2:17
of class was spent on the computer on the Internet,
2:19
just kind of like nerding out on a lot of online
2:21
business stuff. And I actually made my first
2:23
dollar online when I was fifteen years old. I stumbled
2:26
on like this internet marketing forum and I was
2:28
just blown away by like all the crazy things
2:30
that people were doing to make money, like ranking
2:32
sites on Google, on YouTube and things like that,
2:34
and I just got obsessed, you know, with this world.
2:36
And I thought at the time, I was like, Okay,
2:39
if I can figure this stuff out, I won't have to get
2:41
a job, you know, like being a cashier at
2:43
the grocery store. And that was all I was thinking about. And
2:45
in college I had like little side
2:47
projects here and there. I started like drop shipping
2:50
stores, I started like Amazon businesses. None
2:52
of them really blew up like I expected
2:54
them to. But one summer, the sophomore
2:56
year, summer, I was working in internship
2:59
at this company in Boston called form Labs.
3:01
They're a massive three D printing company,
3:03
and I was doing like a digital marketing internship
3:06
with them, and as an intern, I got to sit
3:08
in on all the meetings that I had with my boss
3:10
see how the company's marketing side worked.
3:13
And one of the biggest parts of the marketing
3:15
side was they worked with an agency that
3:17
was based out of California to manage
3:19
all of their paid digital advertising
3:21
spend. At the time, I'm sure it's a lot larger
3:23
now, they were spending around two hundred and fifty
3:26
thousand dollars a month on Facebook, Google,
3:28
Yahoo, Twitter, all of these other platforms,
3:30
and to manage that, the agency was basically,
3:33
you know, doing it all for them. They would myself
3:35
and my boss would hop on kind of
3:37
these client calls with the agency, and I got to see
3:39
kind of how the business worked. And as I progressed
3:42
in that internship, obviously I was learning a lot
3:44
on the digital marketing side. I was learning, you know, how
3:46
a business actually operates when it comes
3:48
to online advertising. But more importantly,
3:51
at that point, I kind of realized that this
3:53
what this agency was doing, which is basically running
3:56
another company's marketing for them and
3:58
having that be their business model. I realized
4:00
that not only was this something that I could do
4:02
basically, like as a freelancer, as a contractor,
4:05
but not only that, but as I sat in on
4:07
all the meetings, it kind of dawned on me, like what
4:09
they're doing, isn't that like impressive.
4:11
It's not like this out of this world stuff that
4:13
I would never be able to learn. So that summer,
4:16
I started basically marketing myself
4:18
as just a freelancer, just as a contractor,
4:20
someone who could help businesses with
4:23
their Facebook ads. And I got started, you know, very
4:25
slowly. I started with like job sites, I got
4:27
started cold emailing, you know, random
4:30
businesses in my area, and I'd get the occasional client
4:32
here and there. And that was two and a half years
4:34
ago, and now I'm at the point where I've had
4:36
the privilege of, you know, working with companies
4:38
like Joe Rogan's on It, his supplement company,
4:41
snow Teeth Whitening, Real Leads, an Autobox,
4:43
thanks to the skills that I'd learned back
4:45
then. But then also just kind of the realization
4:48
that all this stuff is out there, you know, if I
4:50
just wanted to learn how to run Facebook ads, how
4:52
to get clients. The knowledge is out there, there's people running
4:54
these businesses. It's just a matter of me, you
4:56
know, taking action and putting it to work. Got
4:58
it. So just to clarify here, so the clients
5:00
that you're working with, you're not working in a traditional agency
5:03
retainer model, and correct if I'm wrong, maybe you are,
5:05
but you're maybe working on a pay for performance basis.
5:07
Is that what it is on a lot of those
5:09
clients that I named, Yes, none of
5:11
those clients were agency clients. Well
5:14
really it was one. They were an agency client
5:16
a while ago. But a lot of these companies and
5:18
many companies today offer their
5:21
products and their services on affiliate
5:23
networks like a four D like all these others that
5:26
basically anyone like myself, like an agency
5:28
or just a random person who has a computer
5:30
with an Internet connection can go in and basically
5:33
just start promoting these products, putting
5:35
their own dollars behind the ad spend. And if they
5:37
have a good campaign, if they have good creative and it's
5:39
working, then obviously it's a win win for everyone.
5:41
We get paid on the affiliate payout, they get
5:44
new customers coming into their business. That
5:46
was actually, like I said, like one of the first
5:48
ways that I had figured out a way to make money
5:50
online was affiliate offers, but it never dawned on
5:52
me that kind of combining these two skills
5:55
in addition to having you know, agency clients,
5:57
could be a way to have an actual business. Got
5:59
it? So can you talk about, I mean, how
6:02
the business is doing today, employees,
6:04
revenues, all that type of stuff. Yeah,
6:06
absolutely, So last month
6:08
was our best month across just over two hundred
6:10
and sixty k in revenue cash collected,
6:12
and this month is pacing to be a little
6:14
higher than that. It should be around three hundred,
6:17
but it's still a little early to tell. And
6:19
right now, still have a pretty small team
6:21
around five full time employees
6:23
including myself, to salespeople, two media
6:25
buyers. And that's basically how it
6:28
helworks. And by the way, this is important,
6:30
right and Lucas might kill me for saying this, but
6:32
before we started, keep in mind, I think you
6:34
started this business when you're still, you know, nineteen
6:36
years old, so you're a teenager when you started this. Right
6:39
now you're twenty two years old and
6:41
you've got this business that's doing I think that you're
6:43
pacing for over three million dollars
6:46
right. What I want people to understand listening to this too,
6:48
is that whether you have children or whatever,
6:50
you're a teenager listening to this right now or early twenties,
6:53
you know you can make it happen. Right. So what I'm
6:55
here, I just want to clarify again that you first got
6:57
your initial clients by a lot
6:59
of hand hand combat, right you went to these job
7:01
websites. You're emailing people like,
7:04
that's how you got them? Right? Am I missing anything there?
7:06
No, that's exactly correct. And if you actually go
7:08
on my YouTube, just Lucas Lee Tyson,
7:11
it's just that channel that summer
7:13
where I was working that internship, I
7:15
was starting my journey, and I was one
7:17
of the very first videos on that channel. Is literally
7:20
a YouTube video of me talking
7:22
from my tiny apartment in Boston, from
7:24
my internship apartment, talking about how I
7:26
was using upwork to land my very first
7:28
clients. And it's so embarrassing to look at now because I was
7:31
terrible on camera. I just spoke slow, slowly,
7:33
and it's like it was honestly probably one of the worst
7:35
videos ever, but it became popular because
7:37
people now search for, oh, how do I get
7:39
clients for my agency? How do I get freelance
7:41
clients and things like that. So it was definitely
7:43
very much of a slog to get
7:45
started. But that's
7:48
kind of like anything is like. Once you have those first few
7:50
initial good reviews, those first few good testimonials
7:52
from clients, it's going to snowball from there. Yeah,
7:55
I just want people that I want to really emphasize
7:58
this because the entrepurs I know that,
8:00
you know, they started maybe when they're like thirteen, fourteen
8:02
years older, so it's it's really they've been in the they've
8:04
been playing the game for longer. So I don't want people
8:06
to stress out. I think, Lucas, you shouldn't
8:08
have any problems eventually. My opinion is getting
8:10
to eight figures, perhaps even nine, because you
8:13
know you started earlier and then you know you know what you're
8:15
doing, right, So I think a lot of times it's it's
8:17
it's very overwhelming to compare yourself
8:19
to someone else, which is what I don't recommend. But
8:22
again, you know, Lucas is a perfect example of this of
8:24
making it happen. So can you talk
8:26
to you. I'm looking at your site right now. It seems
8:28
like it drives people to a training. What
8:31
is the goal now because you have it, says over fifty
8:33
five thousand other digital marketers have learned from insights
8:35
and strategy. So what are you pushing now on Growthcave
8:37
dot com right now? So the main
8:39
focus of the email list, and that's actually one of
8:42
my focuses over the next quarter,
8:44
is kind of just making it more
8:46
obvious how we segment a
8:48
lead or a prospect to our business,
8:51
because, like I said, there's the two parts of the business. There is
8:53
done for you agency side, where we literally set
8:55
up and run campaigns for people, and then there's the training
8:58
and consulting side, which there could
9:00
apply to anyone. So right now,
9:03
the way that we have our marketing setup is
9:05
that someone goes to a website, so someone goes to a
9:07
specific landing page, they opt in, they go through
9:09
our email marketing system, and they just
9:12
get hit, you know, with daily emails,
9:14
daily offers pitching them a product
9:16
or a service of ours, or to get on the
9:18
phone with one of our sales representatives to see,
9:20
you know, if they'd be a good fit for one of our higher
9:22
end things. Right now, it's not,
9:25
if I'm being honest, it's not the most organized
9:27
thing. It's literally just like Daily offers daily emails
9:30
that are kind of just all over the place. My goal
9:32
over at least by mid
9:35
this year, so by like June or July, is to have
9:37
some sort of survey
9:40
qualification where before someone even
9:42
puts in their email, because right now, as you just go on the website,
9:44
you click the button, you just enter your email, you get
9:46
the free training. I want to have some sort
9:48
of like survey qualification, which a lot of businesses
9:51
and brands do, which is basically saying,
9:54
you know, you click the button, you say like, okay,
9:56
I'm this type of person. I'm someone interested in starting
9:58
a business, I'm someone that already has a bu and I'm
10:00
interested in growing, and then it asks them,
10:02
based on that question a series of responses
10:05
before they ever have the opportunity to put in their
10:07
email, so that way they only get sent
10:09
products, services, and promotions that theoretically
10:12
are more specific to their current situation versus
10:14
right now, if you opt in, you just basically get hit
10:16
with like a one to two month email chain
10:18
that could just be all over the place for them,
10:20
but it works to a degree, so can't complain
10:22
about that. So I'm wondering right now because
10:25
you're in the season of right now, it's it's
10:27
making money, right, What is the long term vision
10:29
for this business? What are you going to what's the plan with the
10:31
cash flows? Because you can either you have two options
10:34
right now. You can really really just realize the
10:36
games, go buy lambos and things like that, show off
10:38
your house, or you can take it in a different direction. Right,
10:40
what are you trying to do? Yeah? Well, one of my
10:42
biggest goals is just I've kind
10:44
of been talking about, is like, I love entrepreneurship.
10:47
I love the idea of working for myself, of building
10:49
things from the ground up and seeing them, you know,
10:51
actually grow. And obviously, you know,
10:53
money is great, and having the freedom to work and the things
10:55
that I want is great. But I can't imagine
10:58
just hanging up the talent being like, Okay, you know,
11:00
I'm all done. You know, next twenty years of my life, I'm just going to
11:02
sit on a beach somewhere. I just can't imagine
11:04
doing that. So one of my longer
11:07
term goals is to eventually get into SAS
11:09
and software. I think it's a really interesting
11:11
space and I think it is a very different type
11:13
of business model versus agency
11:16
consulting training, which is very cash
11:18
flow heavy and it's very much focused on upfront
11:21
profit sas and software based
11:23
on what I know about it is very much longer
11:25
term focused, where it might be three months
11:27
or even six months before you're profitable
11:29
on a single customer. But once you have that
11:32
recurring revenue coming in and you have that customer
11:34
base, then eventually that business could be acquired
11:36
for eight or even nine figures. And
11:38
that's kind of my goal is to have the
11:41
cash flow side of this current business to be able
11:43
to fund any future projects like software
11:45
like SaaS or even physical product businesses
11:48
that would require a lot of upfront
11:50
investment that this business did not really
11:52
require any Yeah, I love what
11:54
you're saying. I mean, I think the agency
11:56
business is a great starter business for anybody
11:58
because again, not a lot of upfront costs the cash
12:01
flows to bring in, you can, to your point, take
12:03
it and reinvest it in more durable or exponential
12:06
sources of revenue, you know, which is what we've done with
12:08
our SaaS and kind of other investments as well. By
12:10
the way, SaaS sometimes it takes a lot longer than you
12:12
think it will in terms of realizing
12:14
profits. Just keep that in mind. So I
12:16
want to talk about the latest kind
12:18
of you know, because this is you know, we're talking
12:20
about the latest kind of growth tactics or strategies.
12:23
What are some nifty things you can share with the audience.
12:26
So traditionally, when I first got started
12:28
two and a half years ago, and honestly, for probably
12:30
like the first year, year and a half of my business,
12:32
my focus was only on Facebook
12:35
ads. That was the only thing that I offered to clients,
12:37
That was the only way that I was getting clients
12:39
was running Facebook ads for my own agency.
12:41
It was working well. But in the past year,
12:44
past six months, what we've seen
12:46
doing really well both with the clients that we
12:49
work with and for our own business and getting new
12:51
sales, getting more customers for ourselves is
12:53
YouTube and Google advertising. And
12:55
there's a lot of people, a few people in the marketing
12:57
space talking about this. But the
12:59
way that I kind of see it is that
13:02
Facebook and Instagram and most social
13:04
media is very much a form of pattern
13:06
interruption marketing. You know, someone's waiting
13:08
for the subway, they're waiting for their spouse to
13:11
come home from work, They're scrolling through Instagram.
13:13
Maybe they see an ad that they like, they click it, versus
13:16
YouTube and other forms of Google advertising,
13:18
which is very much intent based. It's
13:20
video based, so there's a lot more personality
13:22
that you can kind of convey through that. There's
13:25
a lot more intent behind
13:27
those things. For example, if someone's looking on YouTube
13:29
for how to run Facebook ads, theoretically
13:32
those clicks and those leads that come in from
13:34
a campaign that's targeting that keyword are going to
13:36
be a lot more qualified than, like I said, the person
13:38
that maybe is a good fit for the product
13:41
or service, but they're just waiting for the bus and they just click
13:43
the ad. Then they close it, you know, when they go find something
13:45
else to do. We've seen a really
13:47
big transition in our business,
13:49
not just away from Facebook ads,
13:51
but to the larger paid advertising
13:53
space as a whole, and transitioning
13:56
to a lot more forms of
13:58
YouTube and Google advertising for mostly
14:00
those reasons. There's a few other benefits.
14:02
For example, Facebook, it's kind of notorious
14:05
for not having the best customer support,
14:07
you know when it comes to their accounts. To Google from
14:09
my experience, is a little better, just
14:11
with a lot of the iOS and Apple
14:14
changes that I've come to Facebook. Thankfully,
14:16
our clients haven't been too disrupted
14:18
on that when it comes to Facebook, but YouTube
14:20
and Google hasn't really been in the press
14:23
as much, and I do think it is kind of more of a
14:25
low key, kind of an under the radar blue
14:27
ocean that we've seen across a lot of different
14:29
niches and industries. Got it, Give
14:32
us something that you typically don't share, right, because we do talk
14:34
about Facebook and YouTube quite a bit on the
14:36
podcasts. Give us a secret. Yeah,
14:39
when it comes to YouTube advertising,
14:41
there's three different ways that you basically can
14:43
target, or there's probably more than three. There's so
14:45
many ways, but the main way that people know that
14:48
you can target is keywords
14:50
that they're currently searching for on
14:52
YouTube or the past keywords that
14:54
they've searched for on Google. One
14:56
of the easiest ways that we've seen, especially
14:59
with newer business like businesses doing
15:01
less than like fifty to one hundred K a month in
15:03
revenue, some of the lowest hanging
15:05
fruit campaigns that we've ever launched is
15:08
just either targeting competitor keywords
15:10
people that are already have previously searched
15:12
their competitors on Google, and then coupling
15:14
that with placement video campaigns and
15:16
Basically what a placement video campaigns is
15:19
literally pulling a list of specific
15:21
videos that you want to show your ad in front
15:23
of. So if you found a video that was
15:25
blowing up, that was getting one hundred thousand, five
15:27
hundred thousand views a day and you're like, oh, the viewers
15:30
of this video would be a perfect fit for my company,
15:32
you can literally have Google put
15:34
all of your daily budget on that campaign only
15:37
on that one specific video, and I wouldn't
15:39
recommend it, but that is kind of what we've
15:41
seen, not only work with businesses
15:43
that are on the smaller side and maybe don't have thousands
15:45
of dollars a day to dump into ads, because those
15:47
both those two types of campaigns are extremely
15:49
extremely targeted. Not only that, but
15:52
like I just said, if you can find a video
15:54
that's in your niche, that's in your industry, that's kind
15:56
of on the rise, it's going viral, it's
15:58
getting really popular, it's getting a lot of views per day,
16:01
if you target that specific video or a
16:03
handful of those specific videos, the costs
16:06
on that are going to be dramatically lower. And
16:08
then if you're targeting a video that's maybe six months
16:10
or a year old and it still has views coming
16:12
in, but theoretically the views and the clicks
16:14
are not going to be as cheap. So there's two kind
16:16
of dualities to that. Is just being able
16:18
to target those low hanging fruit campaigns
16:21
to get new companies and new campaigns off the ground
16:23
faster, but then also kind of riding the
16:25
wave of popular and trending videos
16:27
in specific industries to kind of capitalize
16:29
on those lower costs. That's going a little
16:31
deeper into YouTube. But aside from that, what else
16:33
are you excited about? Right? You can talk about clubhouse,
16:35
you can talk about TikTok, you know these other platforms.
16:38
TikTok I think is probably
16:41
going to be one of the biggest advertising
16:43
platforms in the next three or five years. I don't know
16:45
too much about clubhouse. I've been in a few clubhouse rooms
16:47
and I think they're really interesting. But
16:49
just the specific case
16:51
studies that I've heard from companies doing
16:54
TikTok, I've found it's very very
16:56
hit or miss, kind of like I said before, with
16:59
YouTube, where it's like, if you can ride the wave of
17:01
a specific trend or a specific video
17:03
that's blowing up, you can make a ton of money in like two
17:05
weeks or a Month's the exact same thing with TikTok,
17:08
where if you can kind of the way that TikTok
17:10
works is just that there's specific
17:12
trends, there's specific sounds that are
17:14
popular on the app for maybe like
17:16
two weeks at a time. That's how long trends last
17:19
on there. And if you can be a brand that's
17:21
not necessarily promoting something but
17:23
just makes an organic piece of content on there
17:25
that matches a trend and it happens to mention
17:28
your product or it happens to refer back to your profile,
17:30
the reach on there is honestly insane. Like you
17:32
can have a profile with zero followers
17:35
less than one hundred followers in your video could get ten
17:37
million views inside of a week if you're able
17:39
to capitalize on top of a trend. So I definitely
17:41
think that over the next couple of years, more
17:44
brands and more marketers are going to try and kind
17:46
of infiltrate that platform because
17:48
it very much is a platform where if something looks like
17:50
an ad, if it's something that's obviously you know,
17:52
promoting something and it's not going to do well, but
17:55
if it's something that can look organic, if you
17:57
can kind of blend in with the platform
17:59
and you can put some advertising dollars behind it to kind
18:02
of get that initial traction that's just going to
18:04
you know, kind of capitalize on it even further. Right,
18:07
what resources are you going to? So it could be
18:09
podcast, blogs, videos, or
18:11
YouTube channels whatever. What resource are you
18:13
going to to get better as an entrepreneur.
18:17
So, one entrepreneur that I followed pretty closely
18:19
is Alex Hermosi of Jim Launch, mostly
18:21
because his business model pretty closely
18:24
resembles mine. He has both
18:26
a done for you agency and services
18:28
side of his business, and then he has a training and consulting
18:30
side, and he literally only works with jim
18:32
owners, people who own a traditional brick
18:35
and mortar gym or who offer personal training
18:37
services to clients. And they've obviously completely
18:39
blown up. They went to zero to I believe,
18:41
one hundred million in revenue in less than three
18:43
years. And he has a YouTube channel of
18:45
podcasts where they're super short, bite sized
18:48
episodes kind of similar to yours and Neil's.
18:50
Or's just five minutes ten minutes, sharing what's
18:52
working, sharing a lesson of what's working
18:54
in their business. The mindset of running a
18:57
business of that size. So I always try and
18:59
at least start my to a degree with
19:01
something like that, with something from Alex Alex
19:04
hermosy Hrmozi,
19:07
and I take a lot from their YouTube channel, from
19:09
their podcast, and then also, you know, like a good
19:12
marketer, just going through the ads that they're currently
19:14
running, see how they're currently marketing to
19:16
gyms and trying to model that you know in some way,
19:18
shape or form. Got it, love it? And
19:20
what's in your marketing stack right now? So don't
19:22
name everything, but maybe the most important tools
19:25
that you find yourself using every day. Yep.
19:27
So on the Facebook side, Magic's
19:30
m A D. I think it's cgic
19:33
X is probably the most used automation
19:36
tool that we have, just because
19:38
Facebook ads nowadays are very very volatile.
19:41
We could have one ad that generates, you know,
19:43
twenty thousand dollars profit one day and then it
19:45
just completely tanks the next. So
19:47
we have a lot of automation rules set
19:50
up in there where we can basically set
19:52
specific times in the day, and the way we do it is
19:54
we do it at nine am, twelve pm noon, and
19:56
then five pm at the end of the day. And
19:58
basically the way the automation the rules work is
20:00
they'll do specific checks on the
20:02
different metrics in a campaign, because usually
20:05
if a campaign starts off on the bad
20:07
foot at the start of the day, it's probably not going to turn
20:09
around later on the day. Usually it
20:11
just needs a fresh start the next day. So
20:13
basically what it does is it'll check you know, specific
20:16
metrics the cost per click, the click through rate, everything
20:18
like that at those specific times of the day, and if
20:20
it's below a certain threshold, it'll either
20:22
decrease the budget so it's not spending or wasting
20:24
as much money, or it'll completely kill the campaign
20:27
for that specific day so it doesn't waste
20:29
all of that money, and then at midnight the next day,
20:31
it resets everything and it starts fresh.
20:35
That's probably the most technical,
20:38
kind of like the most hands on software tool, and then kind
20:40
of just like on the business side, Rome Research
20:43
is a tool that I've been using a ton of over the last
20:45
couple of months. I've gone through like every
20:47
productivity, personal dashboard
20:50
thing I've tried, Apple notes, Notion bar
20:52
notes, like everything out there when it comes
20:54
to just keeping things organized. And Rome
20:57
Research, for those who don't know, is basically a
20:59
note taking too where you can link
21:01
every single page together. So if I'm you
21:03
know on this podcast and I type Eric's too,
21:06
then it'll automatically create a page of every
21:08
single note that I've created previously that
21:10
mentioned your name, Eric Sue. And it really
21:12
works well with my personality where I think I'm naturally
21:15
just a very unorganized person. I've always
21:17
struggled with just like figuring out like, oh,
21:19
what folder did I put that file in? Or where can
21:21
I find, you know, that thing I was talking about the other
21:24
day with you know, my sales guy. And Rome
21:26
does a really good job of kind of just making sure
21:28
that if you remember just one specific
21:30
detail, like oh, during that conversation we were
21:32
talking about Eric, if I just type in his name, it
21:34
does a really good job of finding all
21:36
of those things and kind of linking those thoughts together.
21:39
So I use that a lot in my business today. That's
21:42
interesting because I have Rome, I use every
21:44
note for for web clipping, I use Rome for kind
21:46
of a linked thoughts where it kind of my second
21:48
brain, and I use Notion as our internal
21:50
wiki. And so it seems like you use
21:53
Rome for everything correct, you know, kind of your daily
21:55
to do list and everything. So is that what
21:57
it is. Yeah, we use we just use
21:59
simple Google Drive on our business
22:01
for like SOPs and like internal
22:03
team files, but everything else basically
22:05
on my end in the business, I just throw it in Rome
22:07
and it seems to do pretty well that way. Got it. Do you
22:09
find yourself clicking on a links quite a bit to kind of review
22:12
your thinking? Yeah? Absolutely,
22:14
And that's honestly, like one of the biggest things for
22:16
me is just because it's like, especially in twenty
22:18
twenty one, there's so much information out
22:20
there that oftentimes, like with
22:22
any problem or any challenge I'm facing, I
22:25
find that I don't need to search
22:27
for new information. Usually it's probably
22:30
nested in something that I've already learned or I've already
22:32
heard, and it's just a matter of kind of reviewing,
22:34
you know, past things, past books that I've learned, past
22:37
podcasts that I've listened to, and it's usually somewhere
22:39
in there. So it does help a lot with like information
22:42
overload and just kind of decluttering the mind
22:44
that way. Great, And so
22:47
you know, one thing I've noticed too, I mean, look
22:49
for most people that are kind of your age right now,
22:51
if they're making you know, two three million bucks
22:53
a year, their egos starting to get bigger and bigger.
22:56
Right, it seems like you stayed pretty ground at least
22:58
from what I've seen so far. So do you want to
23:00
speak to that? I mean, is that something you've consciously worked
23:02
on, because especially in the Internet marketing world or
23:04
an affiliate marketing world, there is a lot of short termism,
23:06
and so that's something that is not the most ideal
23:08
in my mind, but go for it. Yeah, So
23:11
I definitely do always try and keep
23:13
it grounded, mostly just not buying
23:15
flashy things, which thankfully was never
23:17
one of my reasons for getting into this. Was
23:20
not just to buy a Rolex or a Lambeau or
23:22
anything like that, so that was never on my
23:24
to do list. But kind of, like you
23:26
said, with a lot of people
23:28
in the Internet marketing and affiliate game, the
23:30
campaigns that we have, the clients theoretically
23:32
could all leave the next day, and obviously
23:34
the odds of that happening are very very small.
23:37
But I think I'm just naturally a very pessimistic
23:40
and kind of always think about like the worst
23:42
case scenario, like, oh, like if every single one
23:44
of our campaigns died tomorrow, how would
23:46
we recover, how would we get back to the next
23:49
day. So I always kind of think
23:51
about it that way, and I think that does
23:53
help, and that we don't make extremely
23:55
rash decisions. We don't scale up campaigns
23:57
from like five thousand to fifty thousand dollars a day
23:59
and just say, let's see what happens, you know. So it's
24:01
very much the way that I think about business
24:04
is trying to think obviously in the short
24:06
term, obviously thinking about Okay, here's what
24:08
we need to work on for the next month, the next three
24:10
months, but also thinking about the long term
24:12
and that theoretically, if the offers
24:14
that we have, if the products and services that we're promoting
24:17
today no longer are catching people's
24:19
attention, if they die out, then what's kind
24:21
of the next step And always having one
24:23
to three steps initial
24:25
steps of a backup plan that I can always
24:28
kind of go off of, which I do think is different
24:30
compared to some entrepreneurs who I do
24:32
know and they do very well, that kind of have this
24:34
very grand vision of the business, saying Okay,
24:37
you know, if we're doing two to three million this year, we're
24:39
going to ten x that we're going to do twenty to thirty million
24:41
next year. And here's how we're going to spend all this money. We're gonna have
24:43
all these employees, which again I'm not saying
24:45
that's wrong, and I know a lot of people that have
24:47
that mindset with their business and they do incredibly
24:49
well. But it's never been that way with me,
24:51
and I think it's reflective both in the size of the
24:53
team that I have. I still have a very small
24:55
team. I'm still involved in the day
24:58
to day of the business a decent amount, and also
25:00
when it comes to, you know, kind of the core
25:02
aspect of our business, which is paid advertising,
25:04
I'm not incredibly aggressive. I'm not saying,
25:06
oh, let's one hundred x these budgets and you
25:09
know, make a ton of money by tomorrow. I am
25:11
usually thinking trying to think on slightly
25:13
longer timelines and thinking about how those changes
25:15
are going to affect the business over the next
25:17
six months, over the next year. So you mentioned
25:20
Jim launched a little earlier. Are there any other
25:22
kind of blogs or YouTube channels
25:25
or podcasts that you follow Rich
25:27
Scheffrin. I listened to him a decent amount.
25:29
He was the coach of a lot of like old school
25:31
marketers like Ryan Dice and Russell Brunson,
25:34
founder of click Funnels. He is a really
25:36
great marketer. And then also Todd Brown, who's
25:39
kind of in a similar bucket. Those are
25:41
most of the marketing
25:44
content that I consume. And then obviously both yours
25:46
and Neil's podcast very similar to
25:48
like I said, Alex Hermosis, where it's very bite sized,
25:50
it's very kind of like daily mindset,
25:53
daily action items, just one little thing that's
25:55
working. And usually I find that that kind
25:57
of content just meshes better with me
25:59
versus thirty minute sixty minute podcasts
26:02
or like five to ten hour clubhouse rooms.
26:04
I usually I did myself struggling to pay
26:06
attention, and then also like I was talking about
26:08
before, it's struggling to actually get cohesive
26:11
lessons out of all the noise,
26:13
the information overload, things like that. Got
26:15
it? I love that? All right? Final question from my side, what's
26:17
your favorite business book? Probably
26:20
Ready Fire Aim by Michael Masterson,
26:22
who was I think the head of growth at Agra,
26:25
that I think is just a very quintessential
26:28
business book, just especially with a
26:30
lot of business friends that are my age today
26:33
who are interested in like starting their own business. A
26:35
lot of people have the notion that oh, you need
26:37
to, you know, write out this long business plan, and
26:39
you need to go find investors. You need to do all
26:42
these million steps before you get your first
26:44
customer, when in reality, the most important
26:46
thing that I learned in my journey is that nothing
26:48
really exists. You don't really have a business until
26:50
someone's pull out their credit card and giving you money.
26:53
And on top of that, if I can cheat and have a second
26:55
guess. Other favorite book is this book
26:57
called The Third Door by Alex Bannion.
27:00
I think it resonated with me a lot because it's also about
27:03
a young kid who is very interested, you know, in business
27:05
and entrepreneurship. It's basically about
27:07
this college kid who has a dream of interviewing
27:09
like this long list of like a list celebrities,
27:12
basically people like Larry King, people like Tim Ferriss,
27:15
things like that. In the book is about how
27:17
in life in twenty twenty twenty twenty one,
27:19
in the digital age, there aren't really
27:22
any velvet ropes holding you back. If
27:24
you want to interview Warren Buffett,
27:26
if you want to interview Bill Gates and you want to
27:28
do it bad enough, you'll probably find a way.
27:30
In the book is basically about how he finds all these
27:32
ways through what he calls the Third Door. So it's a
27:34
really interesting book. It's kind of just an unconventional
27:37
way of thinking about business and thinking about life,
27:39
which I think a lot of people can benefit from.
27:42
Yep, we've had him on the Leveling Up podcast, so
27:44
you guys can check that out. Type in his name. Yeah,
27:47
just type in third Door Leveling Up. You'll find that one. And
27:49
then Michael Masterson by the way, so if
27:51
you guys all check out Amazon, he's got a ton of different
27:53
books. And I actually think he writes a blog and
27:56
that's not his real name, I believe,
27:58
so you know it is what it is. But definitely check
28:00
out all the books mentioned here. So,
28:03
Lucas, this has been great. What's the best way for our people to
28:05
find you online? Easiest way is
28:07
just through our website. Actually created a special url
28:09
if I can plug that just for the show. It's Growthcave
28:11
dot com slash Eric. There's going to be
28:14
special bundle for everyone that's listened to me talk
28:16
about my journey for this twenty minutes or so, and
28:19
then beyond that. My social media is
28:21
usually just my name Lucas Lee Tyson. The last
28:23
name is hyphenated, and I'm pretty sure there's not
28:25
another person on the planet that has that name, so
28:27
usually pretty easy to find. All right, Lucas,
28:29
thanks so much for doing this awesome. Thanks
28:32
so much for having me Eric. We
28:34
appreciate you joining us for this session of
28:36
Marketing School. Be sure to rate, review,
28:39
and subscribe to the show and visit marketingschool
28:42
dot io for more resources based
28:44
on today's topic, as well as access
28:46
to more episodes that will help you find
28:48
true marketing success. That's
28:50
marketingschool dot io until
28:53
next time. Class dismissed.
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