
Loading summary
Daniel Murray
Foreign to a new special series called the Bathroom break. That extra 10 minutes you either have to listen to marketing tips or use the bathroom. Or both. But I don't recommend both. But that's your choice.
Jay Schwetelson
This collab is going to be super fun. We have Daniel Murray from the Marketing Millennials and me, Jay Schwetelson from the do this, not that podcast and subjectline.com each episode in the series, we are going to go over quick tips about different marketing top. And if you want to be in the bathroom, fine. Just don't tell us about it. Thanks for checking it out. We are back for the bathroom break, and we're going to be crushing it today because we're going to be talking about using little amounts of money. I'm talking about, like, hundreds of dollars, if not even less than hundreds of dollars, and the impact it can have on for you and your brand. But before we get into all that, Daniel, it's March Madness. I need to know, do you do a bracket? Do you care? What do you think about all this?
Daniel Murray
I do do a bracket. I have two, and I was a little sad because I picked some upsets that weren't doing well. So what about you? I know you probably have a bracket, but you don't care.
Jay Schwetelson
Well, I don't care, but my family, me and my wife and my two teenage kids, we all do a family bracket, which is ridiculous because other than my son, nobody knows anything. So my wife, she picked Georgia to win it all. And I said, why'd you pick Georgia to win it all? They're not good. And she goes, I like Georgia. I go, that's not how it works. I go, they're like an eight or a nine season. They lost in the first game. She goes, oh, what does that mean? I go, it means you screwed. Okay. Very sophisticated.
Daniel Murray
You, big Florida, I'm guessing.
Jay Schwetelson
Of course. Go. Gators are winning it all. I don't even know if Cincinnati's in it or any of the schools you. You play football for.
Daniel Murray
No, but I did pick UC San Diego for my San Diego roots. That was not a good pick, but it's okay. Sorry.
Jay Schwetelson
Loyalty does not get you very far.
Daniel Murray
No.
Jay Schwetelson
Okay, so we're talking about small dollars, big impact, and there are things that you could do out there where you spend little to no money and it could change everything. I want to know your take. Paid version or free version of ChatGPT? The $20 version. Is it worth it? What do you think?
Daniel Murray
100% worth it? The amount of time ideation, reviewing, summarizing researching you could save by just getting the, the $20 version is just insane. The value to what $20 is a month.
Jay Schwetelson
I couldn't agree with you more. You know everybody out there like, oh, I don't want to spend on that. Well, cut down going to Starbucks twice in a month. Okay. And I am telling you, get the $20 version of ChatGPT. I'm not an affiliate for them. Not that they need my help or whatever. I'm telling you, just like Daniel, it is game changing to have access to it. So that one is a no brainer. So what's another small dollar tip that you think people should be aware of?
Daniel Murray
Yeah, I think one people, people always think that to be posting on a platform you need to be able to grow an audience first and you need to be able to grow a community first. And some things you could do with small dollars is boosting your highest performing posts not for, not for conversion based things but for profile views and to, to get that follower number up because you want to build a community of people so when you broadcast on that channel you can get more followers. I know this is a one way to get followers, but once you build that community, you can start getting broadcast channels and Facebook groups and all these things where you can communicate to these people when at good times. So I think if you can just spend even 10 to $20 a week boosting your post, you'll start growing that following on Instagram.
Jay Schwetelson
You see the secret sauce there is that you said 10 to $20 a week. I think people think in order to run ads on Instagram or anywhere, you have to spend thousands. You can have an impact with $20 a week that can actually change your entire social media and the brand, your brand accounts too, the entire social media existence. For your brand accounts, I'll give you a really random one in terms of spending money. A lot of people out there, maybe they want to network, they want to meet people in the industry. Maybe you're looking for a job, maybe you just want to get a new job or maybe you want to get new clients and you want to go to industry events, but you don't have the money. A lot of these industry events are really, really expensive. Could be like $1,000 a ticket, something like that. A secret hack is find industry events in your area that you could drive through or whatever and you can get exhibit hall only passes at the event. Exhibit hall only passes mean you can't go to the sessions, but you can be in the exhibit hall all day long. Okay. And usually those cost less than a hundred dollars because the events want people to be in their exhibit hall. They love you being there. And you can network with everybody. You can talk to all the exhibitors, you can talk to all the speakers. That is something I would be doing all day long if I was trying to grow my network or meet the right people.
Daniel Murray
Another thing I would do is if you don't have money to spend, seed your product with people who are micro influencers, who are either power users in the industry or people who can review your product or talk about it online. I think this is a very affordable way to get your product in people's hands that you want content from, ideas from and people talking about. So. And you can do this with anybody at the beginning, you could do it. If you're a service company, you can offer a free audit. If you're a SaaS brand, you can order free, give free software. If you're a beauty brand, you can seed your, your best eyeliner or something like that. You could do this very cheaply. I wouldn't say it's free, but it's better than spending actual dollars that you, you don't have. If you have product, you can spend it.
Jay Schwetelson
Yeah. And I think in general, the mindset shift that you need to have is whether it's for your personal brand or your business brand. If you can carve out just a few hundred dollars a week or on your personal brand, just $50 a week max, you can have an exponential impact on, on everything that you're doing. So, Daniel, do people send you free stuff? Do you ever get stuff in the mail like, hey, here's a shirt. I want you to wear it and post about it? Are you not like Alex Earl?
Daniel Murray
I wish they did, but actually I actually have some of the best podcast guests because sometimes the podcast guests will send me free product for my wife. So I'll tell them that my wife loves your brand and they'll send makeup or clothes for my wife, which it's great for me to get that stuff. But I never get anybody sending me products. So if you want to send, actually go send Jason product. He has his office looks empty right now. Some product right now.
Jay Schwetelson
My favorite ones that I ever got was from Tommy John. I gave a speech somewhere and I mentioned in my speech that I love wearing Tommy John, like underwear and Tommy John everything. And I guess the CMO of Tommy John was in the audience. They sent me so much stuff. It was amazing. Like, I had a whole new wardrobe. It was one of the Coolest things that's ever happened. And I was like, I need. I. I want to then start mentioning everything like, hi, I like Hokas. I really like Hokas.
Daniel Murray
I thought maybe I feel like you shouldn't be sponsored by Celsius.
Jay Schwetelson
I thought about that, but I think it would be unhealthy because then I would feel like I have to drink more of.
Daniel Murray
But they have such cool events now that you can go to.
Jay Schwetelson
I like the New Red Bull.
Daniel Murray
Yeah, they're. They have such cool events that you can go to, and you're basically an influencer, so.
Jay Schwetelson
Oh, yeah, I'm a big influencer. I have no influence, not even in my own home. Well, listen, everybody, go out there on your way to Starbucks. I want you to stop, not go in and wait to save those dollars and test out some of these micro things, because they can have an impact. And go and follow the Market Millennials podcast. And if you are really bored, you can follow, do this, not that podcast, and we'll check you later. Daniel, come on, man. I got to get back to work. Get out of there. All right, while he's still in there. This is Jay. Check out my podcast, do this, not that for Marketers. Each week we share really quick tips on stuff that can improve your marketing and hope you give it a try. Oh, here's Daniel. He's finally out.
Daniel Murray
Back from my bathroom break. This is Daniel. Go follow the Market podcast, but also tune into this series. It's once a week, the Bathroom Break. We talk about marketing tips that we just spew out. And it could be anything from email, subject line to any marketing tips in the world. We'll talk about it. Just give us a shout on LinkedIn and tell us what you want to hear. Peace out.
Jay Schwetelson
Later.
Podcast Summary: "SPECIAL SERIES ==> Big Wins On Small Budgets 📈 <== | BATHROOM Break #47"
Podcast Information:
In this collaborative episode of "Bathroom Break," hosted by Daniel Murray from Marketing Millennials and Jay Schwedelson from the Do This, Not That podcast, listeners are invited to engage in a series of quick, actionable marketing tips. The concept humorously leverages the idea of squeezing valuable marketing insights into the brief time one might spend on a bathroom break, blending practicality with entertainment.
The central theme of this episode revolves around achieving substantial marketing results with minimal financial investment. Both hosts emphasize that effective marketing doesn't necessarily require large budgets, but rather strategic allocation of limited resources.
Daniel Murray advocates for upgrading to the paid version of ChatGPT, priced at $20 per month, highlighting its value in enhancing productivity.
“[02:25] Daniel Murray: 100% worth it? The amount of time ideation, reviewing, summarizing researching you could save by just getting the, the $20 version is just insane. The value to what $20 is a month.”
Jay Schwedelson concurs, encouraging listeners to prioritize this investment over minor daily expenses, such as frequenting Starbucks.
“[02:43] Jay Schwetelson: ...get the $20 version of ChatGPT. I'm not an affiliate for them. Not that they need my help or whatever. I'm telling you, just like Daniel, it is game changing to have access to it. So that one is a no brainer.”
Daniel Murray suggests allocating a modest budget of $10 to $20 weekly to boost high-performing social media posts. This strategy aims to increase profile views and follower counts, fostering a community that can be effectively targeted for future broadcasts and campaigns.
“[03:09] Daniel Murray: ...if you can just spend even 10 to $20 a week boosting your post, you'll start growing that following on Instagram.”
Jay Schwedelson elaborates on this by demystifying the misconception that significant funds are required for impactful social media advertising.
“[04:03] Jay Schwetelson: ...you can have an impact with $20 a week that can actually change your entire social media and the brand, your brand accounts too...”
Jay Schwedelson introduces a cost-effective approach to networking at industry events. Instead of purchasing full event tickets, which can be prohibitively expensive (often around $1,000), attendees can opt for exhibit hall-only passes, usually priced under $100. These passes grant access to the exhibit areas, allowing for networking with exhibitors and speakers without the additional cost.
“[04:03] Jay Schwetelson: ...find industry events in your area that you could drive through or whatever and you can get exhibit hall only passes at the event...”
Daniel Murray recommends leveraging micro-influencers or power users within the industry to promote products. By offering free products, audits, or services, businesses can encourage these influencers to review and discuss their offerings online, generating organic buzz without significant expenditure.
“[05:19] Daniel Murray: ...seed your product with people who are micro influencers, who are either power users in the industry or people who can review your product or talk about it online...”
Both hosts emphasize the importance of mindset in maximizing the impact of small budgets. They encourage marketers to:
Prioritize Investments Wisely: Small, consistent investments (e.g., $20/month) in essential tools like ChatGPT can yield exponential benefits.
Think Creatively About Networking: Utilize affordable or free opportunities to build connections instead of defaulting to costly event attendance.
Leverage Existing Resources: Focus on strategies that amplify current strengths, such as boosting successful social media content to organically grow a community.
Daniel Murray on ChatGPT Plus Value:
“[02:25] Daniel Murray: 100% worth it? The amount of time ideation, reviewing, summarizing researching you could save by just getting the, the $20 version is just insane. The value to what $20 is a month.”
Jay Schwedelson Encouraging ChatGPT Investment:
“[02:43] Jay Schwetelson: ...get the $20 version of ChatGPT. I'm not an affiliate for them... it is game changing to have access to it. So that one is a no brainer.”
Daniel Murray on Social Media Boosting:
“[03:09] Daniel Murray: ...if you can just spend even 10 to $20 a week boosting your post, you'll start growing that following on Instagram.”
Jay Schwedelson on Industry Networking Hacks:
“[04:03] Jay Schwetelson: ...find industry events in your area that you could drive through or whatever and you can get exhibit hall only passes at the event...”
Daniel Murray on Seeding with Micro-Influencers:
“[05:19] Daniel Murray: ...seed your product with people who are micro influencers...”
Throughout the episode, the hosts share personal anecdotes to illustrate their points:
Jay Schwedelson humorously discusses his family's participation in March Madness brackets, highlighting how personal investments in seemingly trivial activities can sometimes lead to unexpected outcomes.
“[01:56] Daniel Murray: No, but I did pick UC San Diego for my San Diego roots. That was not a good pick, but it's okay. Sorry.”
Both hosts reflect on the benefits of receiving and offering free products, sharing experiences that underline the effectiveness of genuine endorsements over traditional advertising.
“[07:15] Jay Schwetelson: ...My favorite ones that I ever got was from Tommy John...”
As the episode wraps up, Jay Schwedelson and Daniel Murray encourage listeners to implement these low-budget strategies to enhance their marketing efforts. They emphasize the significant impact that thoughtful, small-scale investments can have on building a robust marketing foundation. Additionally, they invite listeners to engage with their respective podcasts and join the ongoing "Bathroom Break" series for more insightful marketing tips.
“[08:02] Jay Schwetelson: ...save those dollars and test out some of these micro things, because they can have an impact.”
“[09:07] Daniel Murray: ...just give us a shout on LinkedIn and tell us what you want to hear. Peace out.”
Final Thoughts: This episode of "Bathroom Break #47" serves as a valuable resource for marketers operating on tight budgets. By focusing on strategic investments, leveraging affordable networking opportunities, and utilizing organic growth tactics, listeners are equipped with practical tools to drive significant marketing success without substantial financial commitments.