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Big Business Marketing on a Small Business Budget with Tim Reid
Episode 829th August 2023 • The Online Hustle with Jake Hower • Jake Hower
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Full show notes for this episode can be found at https://jakehower.com/big-business-marketing-on-a-small-business-budget-with-tim-reid/

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Jake Hower:

Welcome back . I'm Jake Hauer, your host, and you're listening

Jake Hower:

to the Multimedia Marketing Show.

Jake Hower:

I'm glad you've come back to tune in.

Jake Hower:

We've got Tim Reid from the Small Business Big Marketing Podcast, which is

Jake Hower:

Australia's number one marketing podcast.

Jake Hower:

He's been a podcasting since 2009.

Jake Hower:

I'll let him tell you a little bit more about his story

Jake Hower:

and and how he's going now.

Jake Hower:

This is quite an actionable episode.

Jake Hower:

We speak a little bit about why it should be podcasting and also how you

Jake Hower:

can go about getting some advertising.

Jake Hower:

Tim, how are you?

Tim Reid:

G'day Jake and hello listeners.

Tim Reid:

Yeah.

Tim Reid:

Now this

Jake Hower:

is very unusual for me, Tim.

Jake Hower:

I've been a a big listener of your show since since mid-July,

Jake Hower:

or it was mid mid-year 2009.

Jake Hower:

It's very strange for me to now be on the the other end of the

Jake Hower:

call and actually interviewing

Tim Reid:

you.

Tim Reid:

Thank you, because it's those people, those early adopters, Jake, that get you,

Tim Reid:

give you that kick along, and I really appreciate, listening for that long.

Tim Reid:

You've been one of the, you were one of the first listeners and you've

Tim Reid:

stuck around, so that's great.

Jake Hower:

No, I think that's an, of course, that's testament

Jake Hower:

to the quality of your show.

Jake Hower:

So I really appreciate that.

Jake Hower:

All right.

Jake Hower:

What do we love to do here, Tim?

Jake Hower:

So our listeners are content marketers or budding content

Jake Hower:

marketers in terms of multimedia.

Jake Hower:

And one of the most important forms is podcasting.

Jake Hower:

Now you are obviously an expert in this field.

Jake Hower:

So I thought it would be fantastic to get you on the show.

Jake Hower:

And get some get some information that we can give to our listeners about how

Jake Hower:

they can go about podcasting as well.

Jake Hower:

Bring it on.

Jake Hower:

Excellent.

Jake Hower:

Just for those listeners who don't know too much about you, Tim would you mind

Jake Hower:

giving us a little a brief history of you what you were doing before you started

Jake Hower:

podcasting and then the reasoning behind

Tim Reid:

starting?

Tim Reid:

Okay.

Tim Reid:

All right.

Tim Reid:

I am a marketing guy through and through.

Tim Reid:

So went to uni, did marketing, worked in the corporate end of

Tim Reid:

marketing, large advertising agency was the marketing manager at flight

Tim Reid:

center was just everything I've done has been around marketing.

Tim Reid:

Then about seven years ago, I, decided you know what?

Tim Reid:

I actually really every time in my corporate life when a small business

Tim Reid:

person would ask me a marketing question, they were very thankful for my answer and

Tim Reid:

responsive and they would act on it, and that was different to the corporate world

Tim Reid:

where meetings need to needed to occur.

Tim Reid:

And, minutes needed to be taken, Jake.

Tim Reid:

And it was like, yeah.

Tim Reid:

I love small business and I reckon the knowledge that I have around marketing

Tim Reid:

is going to really help small businesses grow if they choose to listen to it.

Tim Reid:

And so I was okay, so I went and started a business that was just me

Tim Reid:

consulting to small businesses and about.

Tim Reid:

About four years into that, so three years ago, I started a podcast called

Tim Reid:

Small Business Big Marketing, which was my way at the time, and I had a co

Tim Reid:

host at the time, Luke, it was our way of giving back to the small business

Tim Reid:

community, it was podcasts are free.

Tim Reid:

And I just couldn't believe it because I'd been listening to podcasts for

Tim Reid:

about, at that time, about four years.

Tim Reid:

And I was like, I can't believe that a small business can have their own show.

Tim Reid:

Like that just, even today, it spins me out, the fact that we can complete,

Tim Reid:

compete on a level playing field with some big guys, I get the biggest giggle,

Tim Reid:

Jake, when I look at the iTunes rankings and see my podcast, small business, big

Tim Reid:

marketing competing against, Seth Godin or the Australian stock exchange or Harvard

Tim Reid:

business school, I think that's hilarious.

Tim Reid:

It

Jake Hower:

certainly isn't given.

Jake Hower:

The fact that the even the production level or the production qualities

Jake Hower:

is as good, if not better than these these big guys with big budgets.

Jake Hower:

So that's really incredible.

Tim Reid:

It is.

Tim Reid:

So it's exciting time.

Tim Reid:

You say podcasting is a key component of content marketing.

Tim Reid:

I'll, you and I think it is because we're podcasters.

Tim Reid:

Content marketing is a lot broader, but the, there's so much beauty to podcasting.

Tim Reid:

The fact that you and I can have this, what I call them fireside

Tim Reid:

conversations because, they are, done well for certainly for my show.

Tim Reid:

That's what I like to think they are.

Tim Reid:

It's I just just sent a note off to a guest that I'm interviewing this

Tim Reid:

afternoon and said to her, look forward to seeing you around the campfire,

Tim Reid:

and cause that's how I view them.

Tim Reid:

They're personal.

Tim Reid:

You get the opportunity to interview people.

Tim Reid:

You would never have thought you'd have the opportunity to interview,

Tim Reid:

like I interviewed the guy yesterday from will it blend, that great

Tim Reid:

video viral marketing series.

Tim Reid:

Yes.

Tim Reid:

And it's like I tapped him on the shoulder, not literally,

Tim Reid:

but just I sent him an email.

Tim Reid:

I can't even think how I might've just been through the

Tim Reid:

website, got to his PR guy.

Tim Reid:

Next thing you know, you're interviewing him.

Tim Reid:

Yeah, it's exciting times, mate, and and podcasting certainly right up there in

Tim Reid:

my kind of content marketing strategy.

Tim Reid:

Yeah, it

Jake Hower:

certainly is.

Jake Hower:

Now why don't why don't we get a little bit about the format of the show?

Jake Hower:

So as you said, you were, you did have a co host.

Jake Hower:

So explain maybe to our listeners about the initial format of the show and

Jake Hower:

how you've changed that slightly now.

Tim Reid:

Initially, the first 80 episodes of Small Business Big

Tim Reid:

Marketing was done with a co host and a really good mate of mine, Luke.

Tim Reid:

And it worked beautifully.

Tim Reid:

It was like I think the co host strategy for podcasting works when you're actually

Tim Reid:

good mates and you can have conversations off air that, it can be brutal, when you

Tim Reid:

can get cross at each other and you can tell each other, I thought you did that

Tim Reid:

well, or, you could have done that better.

Tim Reid:

I wish you'd shut up then.

Tim Reid:

And Luke and I could have those conversations, which were great.

Tim Reid:

And so the format of that show was literally like every episode of small

Tim Reid:

business, big marketing, we interview the criteria is that we interview a small

Tim Reid:

business owner somewhere in the world that is doing crackingly good marketing.

Tim Reid:

Of some sort, right?

Tim Reid:

They're just cranking some aspect of their marketing and as a

Tim Reid:

result, have a successful business.

Tim Reid:

Basically the format is now and it hasn't really changed except it's just me

Tim Reid:

jabbering to myself before the interview.

Tim Reid:

I don't, I haven't replaced the co host.

Tim Reid:

So I come on, Sounds interesting.

Tim Reid:

I share some marketing stuff that's on my mind from a marketing point of view that

Tim Reid:

I think will help small business owners.

Tim Reid:

I then launch into the interview.

Tim Reid:

I then come out of that interview, make a comment and say goodbye.

Tim Reid:

Always mentioned my sponsor in net registry and some aspect of what

Tim Reid:

they're doing for small business.

Tim Reid:

And then I and that's it.

Tim Reid:

Generally they go for about.

Tim Reid:

I don't know, they reckon they average 40 minutes, but it's

Tim Reid:

that's the kind of format.

Tim Reid:

I haven't played with it too much.

Tim Reid:

I am going to do a few things differently in the new year, but

Tim Reid:

I'm in planning stage right now.

Jake Hower:

Yeah, and I guess the big thing is if something's working,

Jake Hower:

there's no point changing it up.

Jake Hower:

Correct.

Jake Hower:

Correct.

Jake Hower:

All right.

Jake Hower:

I think that's a good segue.

Jake Hower:

You just mentioned net registry up.

Jake Hower:

So this is potentially a good segue into how you've gone about

Jake Hower:

monetizing the podcast and we'll get behind the scenes now and really

Jake Hower:

dig into the gold for our audience.

Jake Hower:

You started in 2009.

Jake Hower:

Did you have a plan at that early stage to monetize?

Jake Hower:

How did you think to monetize and how has that changed over the last three years?

Tim Reid:

I had this grand plan from day one, which then fizzled out

Tim Reid:

into podcasting being a hobby for the first kind of 12 to 18 months.

Tim Reid:

The grand plan was, huh, I've got a show now.

Tim Reid:

We'll make money from it.

Tim Reid:

It was like it was just this straight line.

Tim Reid:

Obviously, we'll make money from it.

Tim Reid:

And that absolutely wasn't the case.

Tim Reid:

And in fact I had a great chat to a mate of mine who I worked with in

Tim Reid:

advertising, whose opinion I really respected and talked to him about it.

Tim Reid:

And he said, the smart marketer, which I thought I was he said, what you should do

Tim Reid:

is you just got to build your audience.

Tim Reid:

You got to invest the time.

Tim Reid:

And the money and the resources and build an audience because if you are

Tim Reid:

certainly if you're planning to make money off the back of advertising

Tim Reid:

and or sponsorship, then they're just going to want to see numbers.

Tim Reid:

And they're going to want to see either some certainly numbers or

Tim Reid:

some kind of qualitative kind of reference that you are doing okay.

Tim Reid:

I'm more a qualitative guy than I am a quantitative guy.

Tim Reid:

Fortunately my show pretty consistently ranks, not always, but

Tim Reid:

consistently holds a spot, always holds a spot in the top 10 on iTunes

Tim Reid:

and consistently ranks number one.

Tim Reid:

So that was just good proof to a potential sponsor.

Tim Reid:

So it was gee, I reckon it was like two and a bit years into it that

Tim Reid:

I then put together a sponsorship proposal and started knocking on doors.

Jake Hower:

And is that the main form of monetization?

Tim Reid:

Yeah, absolutely.

Tim Reid:

It is.

Tim Reid:

Yeah, it's every now and then I will interview someone who has a service or a

Tim Reid:

product that I believe my listeners will really benefit from and occasionally that

Tim Reid:

will have an affiliate attached to it.

Tim Reid:

And if that's the case, then I'll put that affiliate in the show notes and

Tim Reid:

send it around to my list via email.

Tim Reid:

And and do it that way.

Tim Reid:

But certainly NetRegistry sponsorship is now starting to is starting

Tim Reid:

to fund what I'm doing properly.

Tim Reid:

And it's, it's interesting because, your costs go up to, as you become

Tim Reid:

more popular, your hosting costs, get a bit out of control and the time you

Tim Reid:

spend, you'd never want to factor in your hourly rate, Jake, on a podcast,

Tim Reid:

because that has started to make the numbers look a bit senseless.

Tim Reid:

But, it's fun to,

Jake Hower:

No, it is.

Jake Hower:

And I think that's a big thing that I've found out of it in my early

Jake Hower:

podcasting career to date is that as you mentioned earlier on, it's just

Jake Hower:

the networking and people you've got get access to is is incredible.

Jake Hower:

Isn't it

Tim Reid:

unreal?

Tim Reid:

Like I talk about the Dobermans and the Dobermans are those people in generally

Tim Reid:

in business that stand between you and someone that you want to speak to.

Tim Reid:

And I'm not just talking about getting an interview.

Tim Reid:

I'm just talking about.

Tim Reid:

Geez, I'd like to talk to such and such and then you make the phone call and

Tim Reid:

you get the receptionist or you get the personal assistant or you get someone else

Tim Reid:

in the business and they are immediately cagey about what are you selling?

Tim Reid:

What do you got to sell?

Tim Reid:

Whereas if you can, if you ring up and say, Hey, listen, I want to

Tim Reid:

interview such and such bang, it's yep.

Tim Reid:

Put you through

Jake Hower:

it's almost like you go from that, or the thing is here's

Jake Hower:

what I'm selling you to, Hey, come and sell me and my audience.

Tim Reid:

Complete

Jake Hower:

change of dynamic.

Jake Hower:

Yeah, it's really interesting.

Jake Hower:

All I think one other thing I think potentially.

Jake Hower:

Maybe he's driving your business a little bit.

Jake Hower:

The perception from my end here is that potentially their podcasting has built

Jake Hower:

your authority in the market and it's potentially could has driven today.

Jake Hower:

Your consulting side of your your business, would that be the case?

Tim Reid:

I'll give you a great story, Jake.

Tim Reid:

It has, rightly or wrongly, it's as a marketing guy, if

Tim Reid:

you've got small business owners listening to this, speaking is a

Tim Reid:

great marketing strategy, right?

Tim Reid:

That it's just, it just is.

Tim Reid:

As soon as you walk up on a stage or as soon as you turn on a microphone or

Tim Reid:

you sit in front of a camera, you run a webinar, I don't know, you cross this

Tim Reid:

invisible line and that invisible line on the other side says, You're an authority.

Tim Reid:

Now, whether that's right or wrong, whether you are or you aren't, I don't

Tim Reid:

know, but it is a great strategy and podcasting is obviously a form of

Tim Reid:

speaking and it has been a great way for me to build my personal brand and

Tim Reid:

it's a great way for anyone to build their personal brand and we should

Tim Reid:

be because people buy from people.

Tim Reid:

That's just that's simple.

Tim Reid:

People don't buy from companies.

Tim Reid:

You buy from people.

Tim Reid:

We buy Apple 'cause of what Steve Jobs did, to an extreme example.

Tim Reid:

Although you don't, Jake, and we'll get you across the line at some point

Tim Reid:

. Jake Hower: Yeah, and

Tim Reid:

And that's the way you certainly should be looking at it.

Tim Reid:

The email address that you're collecting on your site isn't

Tim Reid:

actually an email address.

Tim Reid:

J do@gmail.com is actually John, he's got a name and he's a person,

Tim Reid:

so he is absolutely.

Tim Reid:

So look The story I was going to tell you was so one of the things that

Tim Reid:

podcasting and with my business going into the new year is I am absolutely

Tim Reid:

I've been doing a lot of keynote speaking this year, and I really love it.

Tim Reid:

I love sharing knowledge.

Tim Reid:

I love teaching marketing, and I love connecting with people at

Tim Reid:

that kind of from the stage level.

Tim Reid:

And so I've been doing a lot of that now.

Tim Reid:

I've just come off a nine event roadshow for an insurance company, and it was

Tim Reid:

the biggest job I did all year from both a revenue point of view, from

Tim Reid:

just an energy and resources and time point of view, and it was fantastic.

Tim Reid:

Guess how they found me.

Tim Reid:

They didn't find me through the podcast directly.

Tim Reid:

They found me because every search they did.

Tim Reid:

On Google, around small business marketing, I kept on popping up.

Tim Reid:

So the marketing manager at this insurance company rings a speakers bureau who

Tim Reid:

she's connected with and says, I don't know who this Timbo Reid guy is, but

Tim Reid:

every search I'm doing around small business marketing, he keeps popping up.

Tim Reid:

Find him.

Tim Reid:

And the reason I kept popping up is because I kept creating podcast episodes.

Jake Hower:

Yeah, it's a classic, it's a classic content marketing

Tim Reid:

case study.

Tim Reid:

It's a classic one, and...

Tim Reid:

As a result, and then obviously she started listening to the show.

Tim Reid:

And then she started asking around what was great was that

Tim Reid:

in her office and I get a laugh.

Tim Reid:

My show is called small business, big marketing, and I'm too,

Tim Reid:

we're talking here about someone from a large insurance company.

Tim Reid:

Then she walks around her office and she goes, does anyone listen to this show?

Tim Reid:

Small business, big marketing.

Tim Reid:

And sure enough, two people my show.

Tim Reid:

And I'm like,

Tim Reid:

That is ace, and that's I was really chuffed when I heard that because it's

Tim Reid:

not as if I'm, I've got a national radio show, but what I have got is a

Tim Reid:

global podcast because it has, it was downloaded in 94 countries last month,

Tim Reid:

including Kazakhstan, by the way.

Tim Reid:

And, it's so that's very cool.

Tim Reid:

And I'm a one man show and, it's just, it's exciting times, man.

Tim Reid:

Yeah,

Jake Hower:

absolutely.

Jake Hower:

Absolutely.

Jake Hower:

All right, let's move on.

Jake Hower:

Let's move on to the actionable.

Jake Hower:

Part of the interview for our listeners.

Jake Hower:

So you've given us a bit of background, our listeners should now, if they don't

Jake Hower:

already, they should know that podcasting is something they should look at.

Jake Hower:

So let's let's get into, for the rest of the interview we'll

Jake Hower:

focus on a couple of points.

Jake Hower:

First I want to get maybe your opinion on The format that's working for you,

Jake Hower:

which we just touched on and some forms of monetization where you've discussed

Jake Hower:

one, there's another one we'll probably look at as well, then how I think the

Jake Hower:

most important part is the format that our listeners should look to create.

Jake Hower:

So looking at whether or not they should be interviewing people bringing

Jake Hower:

in co hosts, et cetera, et cetera.

Jake Hower:

All right.

Jake Hower:

So let's start off with what would you say is working for you right

Tim Reid:

now?

Tim Reid:

Yeah, it's a good question.

Tim Reid:

There's a few things.

Tim Reid:

What works is getting a great guest, for me identifying a guest that is just

Tim Reid:

going to be a giving, really like I, I did an interview yesterday, Jake, and I

Tim Reid:

can put it to air because there was just no, dynamic between me and the guest.

Tim Reid:

It was I just chose the wrong person, right?

Tim Reid:

He wasn't an authority in his field.

Tim Reid:

Like I thought he was.

Tim Reid:

He didn't share his knowledge in a great way.

Tim Reid:

Whereas the will it blend guy.

Tim Reid:

Who the episode I put up yesterday, he was just unreal.

Tim Reid:

Like he just had this energy and he knew that he was there to share

Tim Reid:

his knowledge and to get people excited about blenders and video

Tim Reid:

marketing and all that type of stuff.

Tim Reid:

So that was great.

Tim Reid:

So I think it's really incumbent upon any podcast to have some kind

Tim Reid:

of criteria, some kind of filter.

Tim Reid:

That determines whether that person would be good on the show, because

Tim Reid:

just because someone knows a whole lot about something doesn't actually

Tim Reid:

necessarily make them a good guest.

Tim Reid:

So that's working for me right now.

Tim Reid:

The other thing that works for me, I just think you got to put

Tim Reid:

stuff out on a consistent basis.

Tim Reid:

You got to set an expectation with your listeners and put something out regularly.

Tim Reid:

So I put a show out every Tuesday.

Tim Reid:

Of small business, big marketing.

Tim Reid:

And I'm going to up that in the new year.

Tim Reid:

As I get even more excited about about just interviewing people because it is a

Tim Reid:

lot of fun, what else is working for me?

Tim Reid:

I reckon they're the two major ones, and having a sponsor in net registry.

Tim Reid:

That's worked really well because it's just made my life a lot easier.

Tim Reid:

And when you start and sponsorships, getting sponsorship.

Tim Reid:

isn't for everyone.

Tim Reid:

But it does, knowing that there's that regular income coming in does allow you

Tim Reid:

to focus on actually creating the content.

Jake Hower:

Sure.

Jake Hower:

Okay.

Jake Hower:

Let's the two points you've brought up there, I want to

Jake Hower:

go in a little bit deeper.

Jake Hower:

You talk about getting in giving guests, how do you go about

Jake Hower:

ensuring that the people you're interviewing are going to meet?

Tim Reid:

What I didn't do with the guy that I interviewed

Tim Reid:

yesterday was check him out.

Tim Reid:

I didn't look at, I didn't YouTube him.

Tim Reid:

I didn't Google him.

Tim Reid:

I didn't find other interviews that he'd done.

Tim Reid:

I took it on someone else's word that he was good.

Tim Reid:

Shouldn't have done that.

Tim Reid:

So what I do is I just find other interviews that these people

Tim Reid:

have done, again, the Will It Blend guy, that wasn't hard.

Tim Reid:

He's on, he's got 150 very funny videos out there, so he's a bit of a character.

Tim Reid:

And it proved, that proved to be right.

Tim Reid:

I'm interviewing I don't always interview celebrity type people, but I happen to

Tim Reid:

be interviewing Mia Friedman today from Mummy, Mamma Mia the mummy blogger.

Tim Reid:

Of, glow of national fame so I know what she's like, she's

Tim Reid:

got a national radio show.

Tim Reid:

Yeah, just checking them out online is the best thing to do.

Jake Hower:

Yeah, that, that makes a lot of sense and it doesn't take

Jake Hower:

a lot of time to do that either.

Jake Hower:

I know I I usually put in a bit of research, whether it's an

Jake Hower:

hour or so per episode usually just before I, I come on air.

Jake Hower:

And that will involve either listening to a podcast or just doing a bit

Jake Hower:

of a Google search, making sure I've checked out their websites.

Jake Hower:

So I'd agree with that.

Jake Hower:

That's a fantastic way to, to make sure you're primed

Jake Hower:

for the particular interview.

Jake Hower:

Correct.

Jake Hower:

Now, the second part is the the advertising.

Jake Hower:

Now you talked about earlier about putting together essentially a

Jake Hower:

portfolio or an advertising proposal.

Jake Hower:

How do you go about doing that in terms of like, how do you work at how

Jake Hower:

much you're worth to your advertisers?

Jake Hower:

And what do advertisers want to see?

Tim Reid:

Yeah.

Tim Reid:

So the whole process of getting a sponsor it wasn't easy because as much as you'd

Tim Reid:

love to think podcasting is now front and center, it's not, but it's a lot better

Tim Reid:

than it was three, four, five years ago.

Tim Reid:

When you walk out on the street now or whenever I give a keynote, I

Tim Reid:

always, obviously I get introduced as a guy with the number one

Tim Reid:

marketing podcast in Australia.

Tim Reid:

And one of the questions I put to the audience is who listens to podcasts.

Tim Reid:

And what I'm seeing now is a few more hands go up this year than I

Tim Reid:

did last year and the year before.

Tim Reid:

It's probably now Maybe 3 in 10 people no, I reckon about 4, 4 and

Tim Reid:

a half in 10 people have heard of a podcast and another, and half of those

Tim Reid:

would regularly listen to a podcast.

Tim Reid:

So the bar is low, which I think is really exciting, big opportunity.

Tim Reid:

So first of all, I had to get through, and I was knocking on the doors of

Tim Reid:

sponsors that first I knew would have a relevance to my listeners.

Tim Reid:

There's no use being sponsored by an energy drink company.

Tim Reid:

Oh, I suppose you could energy drink company could work actually, cause every

Tim Reid:

small business owners tired, I needed a sponsor that had relevance to my audience.

Tim Reid:

So that was the first thing.

Tim Reid:

Second thing they needed to be they needed to have enough dough

Tim Reid:

to allocate money into podcasting as a marketing channel for them.

Tim Reid:

So they already needed to be out there on TV or radio, press,

Tim Reid:

print, doing expos, et cetera.

Tim Reid:

I then put together a proposal and the proposal was quite,

Tim Reid:

it was quite a big document.

Tim Reid:

I'm not actually into long documents, but the reason it was big is because

Tim Reid:

I started off by grabbing about 120.

Tim Reid:

Testimonials that people had written on iTunes.

Tim Reid:

And the whole premise of my sponsorship proposal was that people love my show.

Tim Reid:

And I use the word love because they do, and I could prove it because of the

Tim Reid:

written reviews I was getting on iTunes.

Tim Reid:

The word love was used often, and love is a really powerful word in marketing.

Tim Reid:

And, the whole idea of building a brand is about building emotional.

Tim Reid:

Emotional engagement and so I use the word love and I said people love my show

Tim Reid:

and then there were just pages and pages of written testimonials that I'd taken

Tim Reid:

off iTunes and my LinkedIn profile.

Tim Reid:

After that, a sponsorship proposal is broken up into two things.

Tim Reid:

What have you got?

Tim Reid:

And what do they want?

Tim Reid:

So I sorry what do you got and what do you want?

Tim Reid:

So what I, what have I got?

Tim Reid:

I detailed what I had, which was a podcast.

Tim Reid:

And now these were the opportunities to immerse your brand into the podcast.

Tim Reid:

And this is what I want.

Tim Reid:

And what I wanted was.

Tim Reid:

was money.

Tim Reid:

It was contra.

Tim Reid:

If the contra worked, it was the opportunity to be shared

Tim Reid:

on that brand social networks.

Tim Reid:

If they had a big enough list and Facebook and Twitter and all that type of stuff.

Tim Reid:

And I just got lots of not knockbacks.

Tim Reid:

Jake don't know how many, I should actually look back because

Tim Reid:

it was quite a few and probably form the basis of a good story.

Tim Reid:

But in the end, I found net registry at an expo in Melbourne.

Tim Reid:

And they looked really professional and had a great set up.

Tim Reid:

And they were all about helping small businesses get

Tim Reid:

their online marketing sorted.

Tim Reid:

So it was a match made in heaven.

Tim Reid:

And that took about six months.

Jake Hower:

Okay.

Jake Hower:

And did you, was it more of a consultative process in terms of setting, setting on?

Jake Hower:

The rates or et cetera, et cetera, about with NetRegistry or did you go to them

Jake Hower:

with a, with a rate card or something?

Tim Reid:

I went with a monthly fee, a monthly investment on their behalf

Tim Reid:

that, that would make, would allow me to, really just focus on putting the

Tim Reid:

content, putting the shows together.

Tim Reid:

And they took it and they bought that.

Tim Reid:

And then that was about a three month contract.

Tim Reid:

And then we renegotiated for another six months where we negotiated

Tim Reid:

a split between cash and contra.

Tim Reid:

And it still works to this day.

Tim Reid:

And it's been fantastic.

Tim Reid:

And they're great people now and the relationships evolve, like I

Tim Reid:

get a lot of listener questions.

Tim Reid:

So sometimes I answer them on the show.

Tim Reid:

Sometimes I put a whole episode together of listener questions.

Tim Reid:

And now what NetRegistry are doing is if there are any online marketing questions

Tim Reid:

specifically, then I forward it to them.

Tim Reid:

They write a blog post and they become guest bloggers on the blog, which

Tim Reid:

appears on smallbusinessbigmarketing.

Tim Reid:

com.

Tim Reid:

So it's a kind of, it is just the relationship has just found new ways

Tim Reid:

of helping it work for both parties.

Tim Reid:

Oh,

Jake Hower:

that's fantastic.

Jake Hower:

You're it's a big vote of confidence that you've got to,

Jake Hower:

you've got a second contract.

Jake Hower:

So you're obviously over delivering.

Jake Hower:

Correct.

Jake Hower:

You had this fee.

Jake Hower:

I really do want to get into how you come across this fee.

Jake Hower:

Was there a formula you used to decide how much a show worth?

Jake Hower:

Or are you just pulling a number out of thin air to, that would be appealing to...

Tim Reid:

There was no formula and it wasn't thin air.

Tim Reid:

So it was like, you know what, I know...

Tim Reid:

What advertising costs.

Tim Reid:

I know that, 30 second radio spots, TV spots.

Tim Reid:

I know what costs of print advertising is.

Tim Reid:

And it's just it's bloody high.

Tim Reid:

What I've got is the opportunity to embed yourself in a show that has some

Tim Reid:

flexibility and personality beyond just placing an ad like net registry.

Tim Reid:

Don't place ads in my show.

Tim Reid:

I do live reads and I mentioned net registry in the context

Tim Reid:

of what I'm talking about.

Tim Reid:

There's value in that.

Tim Reid:

And as a result, I arrived at a fee, which I can't share with you

Tim Reid:

that worked for both parties and it's certainly it's value for money.

Jake Hower:

Yep, absolutely.

Jake Hower:

And yeah, as I said, the fact that you've renegotiated a second

Jake Hower:

contract is proof in the pudding.

Jake Hower:

Correct.

Jake Hower:

Okay let's let's move on from there.

Jake Hower:

Let's go into the final part of the the episode.

Jake Hower:

How do our listeners go about starting their podcasts?

Jake Hower:

Forget the technical side of it.

Jake Hower:

Let's focus on the different types of formats they can use, how they come

Jake Hower:

across topics for each episode, how often you think they should publish.

Jake Hower:

And yeah, I think you've probably got a bit of information you

Jake Hower:

can share with the listeners on

Tim Reid:

that.

Tim Reid:

There's a lot of questions there, Jake.

Jake Hower:

Yes, there is.

Jake Hower:

Let's break it up.

Jake Hower:

Okay.

Jake Hower:

Break it up.

Jake Hower:

Format of the show.

Jake Hower:

So you've got an interview format.

Jake Hower:

What other formats could our our listeners use?

Tim Reid:

Obviously there's a co host.

Tim Reid:

So if you have got a colleague, let's just go back a step because before

Tim Reid:

you worry about format, it's like, what are you going to do a show about?

Tim Reid:

And it's so important that you identify the spine of your show and

Tim Reid:

let's get the terminology right.

Tim Reid:

You produce a show.

Tim Reid:

And that is like the small business, big marketing show.

Tim Reid:

In my case, you then that show is made up of episodes and each

Tim Reid:

episode is about a different topic.

Tim Reid:

That's related to your show.

Tim Reid:

Okay.

Tim Reid:

I just, sometimes I hear people getting the terminology wrong and it bugs me.

Tim Reid:

So there you go.

Tim Reid:

I've just, that was my rant.

Tim Reid:

Second part is every show, your show should have a spine and that

Tim Reid:

spine is the theme, is the ongoing overarching theme of your show.

Tim Reid:

So that when it comes time to identify a guest or something to

Tim Reid:

talk about, it's always on theme.

Tim Reid:

So for my show, it's all about small business marketing.

Tim Reid:

That's the theme.

Tim Reid:

So when someone comes to me and they did the other day saying, I am the

Tim Reid:

owner of this amazing new online portal that helps small business owners take

Tim Reid:

control of their finances, I go, well done, but it doesn't fit into my show.

Tim Reid:

Yep.

Tim Reid:

So be really clear on the spine of your show and honor it.

Tim Reid:

Honor it.

Tim Reid:

I'm talking to an architect guy at the moment about putting

Tim Reid:

together a show for him.

Tim Reid:

He is an architect that specializes in difficult blocks.

Tim Reid:

Right?

Tim Reid:

Awkward blocks that are hard to get planning permits for, that are

Tim Reid:

awkward shapes because, and therefore makes it hard to put a design on it.

Tim Reid:

He wants to do, he wants to do a podcast about architecture, but I'm saying to him

Tim Reid:

there's too many podcasts on architecture, you, your show your show has to be about

Tim Reid:

architecture for difficult blocks, right?

Tim Reid:

You're niching it down, you're narrowing it down, and everything he does around

Tim Reid:

that show needs to be around difficult blocks because that's what he's good at.

Tim Reid:

Identify.

Tim Reid:

Your spine, then if you're ready, if you've done that, then

Tim Reid:

your structure, your format co host, I think is a great format.

Tim Reid:

If you have someone that you get along with and you can have honest

Tim Reid:

conversations with if you like just ranting to the microphone by yourself,

Tim Reid:

if you're an opinionated type person and you feel as though you've got something

Tim Reid:

to say with just by yourself, great.

Tim Reid:

And then of course I added to the co host format.

Tim Reid:

All the just you to microphone format interview people

Tim Reid:

because that's really easy.

Tim Reid:

No, it's not really easy.

Tim Reid:

It's fun.

Tim Reid:

And if you do enjoy it, it is really easy.

Tim Reid:

You can't just go and interview people.

Tim Reid:

You do need to have a set of questions.

Tim Reid:

You said you're doing hours research.

Tim Reid:

You have some key themes that you want to.

Tim Reid:

Get out of it.

Tim Reid:

You put your listener hat on.

Tim Reid:

You ask what they would want to get out of it.

Tim Reid:

You go onto your Facebook and your Twitter and your list and you ask them,

Tim Reid:

Hey, I'm interviewing such and such.

Tim Reid:

What do you want me to ask them?

Tim Reid:

You think about the questions that they probably always get asked and

Tim Reid:

avoid them and ask the ones that people would really love to ask.

Tim Reid:

And I think if you're going to go down the interviewing path,

Tim Reid:

the big word is curiosity.

Tim Reid:

Just be curious.

Tim Reid:

And that will then lead to a wonderful interview.

Tim Reid:

I hope that was of help.

Tim Reid:

Awesome.

Jake Hower:

Podcasting gold.

Jake Hower:

All right, so you've shared so much in this in this short episode.

Jake Hower:

There's so much that our listeners can get out and implement.

Jake Hower:

So thank you very much for coming on.

Jake Hower:

I have a curious question for, from my own perspective and

Jake Hower:

hopefully you're happy to reveal it.

Jake Hower:

But I've, I don't think I've ever heard you talk about

Jake Hower:

listener numbers with your show.

Jake Hower:

Would you be happy to

Tim Reid:

reveal that?

Tim Reid:

I'm pretty hopeless with numbers, Jake.

Tim Reid:

I'm actually...

Tim Reid:

A real qualitative guy, I need to be better with my numbers.

Tim Reid:

So if I'm not going to reveal any, because if I do, they're not going to be accurate.

Tim Reid:

Suffice to say that I have a listener base in the tens of thousands, and I was

Tim Reid:

downloaded in 94 countries last month and that 70% of my audience is in Australia.

Tim Reid:

20% is in the U.

Tim Reid:

S.

Tim Reid:

and then the rest is scattered between the UK, Canada, New Zealand and Kazakhstan.

Tim Reid:

And it's growing the hosting costs continue to get a bit out of control.

Tim Reid:

It's a bit like, if you're paying tax, it means you're earning a lot

Tim Reid:

of, the more tax you pay, the more money you're earning, kind of thing.

Tim Reid:

The more hosting fees I'm paying, the more people are listening.

Tim Reid:

But that, that's about as close as I can get to being accurate around that.

Tim Reid:

And then just ranking really well, both on Google and in iTunes, are a couple

Tim Reid:

of good scoreboards that I look to.

Tim Reid:

Yeah, absolutely.

Jake Hower:

All right.

Jake Hower:

Thank you very much, Tim.

Jake Hower:

As I said, that's a fantastic episode.

Jake Hower:

I'm so glad you could come on.

Jake Hower:

Where can our listeners find out a little bit more about you?

Tim Reid:

Before I do that, Jake, well done to you, mate for doing

Tim Reid:

what you're doing with this.

Tim Reid:

I've always had you in my mind as the travel agent and I love the fact that

Tim Reid:

you've been able, you said to me off the air a few weeks ago when we were

Tim Reid:

setting up the interview, you've got your team in place now and structures

Tim Reid:

and systems, which I really admire.

Tim Reid:

On your behalf to, to allow you to do this and to enter another field.

Tim Reid:

Well done, mate.

Tim Reid:

I think it's great.

Tim Reid:

Thank you.

Jake Hower:

I do say this is a bit of a pet project.

Jake Hower:

I really enjoy it, but just getting access to people like you

Jake Hower:

is very enjoyable for me, getting on the line and chatting for 30

Tim Reid:

minutes.

Tim Reid:

Love it.

Tim Reid:

From my point of view, listeners your listeners can go to

Tim Reid:

smallbusinessbigmarketing.

Tim Reid:

com.

Tim Reid:

That's the home of Australia's number one marketing show.

Tim Reid:

And if you register there, then you are going to be the first to know not

Tim Reid:

only when new episodes come out, but I'll be deferring to you as to, maybe

Tim Reid:

asking questions about, who should I interview or I'm interviewing such and

Tim Reid:

such, what do you want to ask them?

Tim Reid:

Become part of the small business big marketing tribe that way.

Tim Reid:

Thank you.

Tim Reid:

If there are listeners out there that are small business owners and really

Tim Reid:

want to take their marketing to the next level in a, not in one on one,

Tim Reid:

but on a small mastermind group, then I run a mastermind called the Deep Dive

Tim Reid:

Mastermind every Tuesday via webinar.

Tim Reid:

And in any one group, there's 10 motivated small business owners

Tim Reid:

sitting around the virtual table via webinar, hosted by me, and everyone

Tim Reid:

asks marketing questions of me.

Tim Reid:

And then I answer them and the rest of the group contributes as well.

Tim Reid:

You can go to deepdivemastermind.

Tim Reid:

com and and check that out.

Tim Reid:

But that's a big plan of mine for the coming 12 months.

Tim Reid:

Cause it's just, I just love that bringing people together and helping

Tim Reid:

them improve their marketing.

Tim Reid:

So there's a couple of ways, Jake.

Jake Hower:

Fantastic, Tim.

Jake Hower:

Rightio, final question.

Jake Hower:

Are you ready?

Jake Hower:

Here we

Tim Reid:

go.

Tim Reid:

Drum

Jake Hower:

roll.

Jake Hower:

Drum roll, insert drum

Tim Reid:

roll.

Jake Hower:

Who is the most famous person you've ever met?

Tim Reid:

I reckon you're stirring by asking that question because that's the

Tim Reid:

question I ask at the end of my show.

Tim Reid:

The most famous person I've ever met, do you know what?

Tim Reid:

I never actually got to meet them, but when I was studying marketing at uni,

Tim Reid:

I did a study tour over in America and I was an 18 year old kid and

Tim Reid:

everyone was saying, Oh, you'll go to America and you'll meet famous people.

Tim Reid:

And I go, yeah, sure.

Tim Reid:

Like America is a big country as if.

Tim Reid:

But I landed in San Francisco, got out of the plane, checked into the hotel, went

Tim Reid:

for a walk, saw a limo at the front of a hotel and said to the guy on the door, the

Tim Reid:

concierge on the door, who's in the limo?

Tim Reid:

And he said, that is Rob Lowe and Tom Cruise's car.

Tim Reid:

And they're in there having a drink, but I never got to

Jake Hower:

meet them.

Jake Hower:

Oh, that's fantastic.

Jake Hower:

And you're right.

Jake Hower:

So that is certainly your signature, but I've never heard you answer it.

Jake Hower:

So I needed to know.

Tim Reid:

I didn't really answer it because I wasn't ready for it, but that

Tim Reid:

that's as close to, big time fame that one, one famous person that was a family

Tim Reid:

friend is a guy, and many listeners won't remember this guy, but I was so

Tim Reid:

chuffed to have him as a family friend.

Tim Reid:

He was a bit of a mentor in my early days, maybe of positioning myself as

Tim Reid:

wanting to get into advertising and kind of media and maybe even podcasting.

Tim Reid:

And he was a newsreader on channel nine.

Tim Reid:

He's a guy called Brian Naylor and he he was actually killed

Tim Reid:

in the Ash Wednesday bushfires.

Tim Reid:

Not the Ash Wednesday, those, the Black Friday bushfires a few years ago now.

Tim Reid:

But yeah, it was great.

Tim Reid:

I love the fact that I knew a newsreader.

Jake Hower:

Oh, that's fantastic.

Jake Hower:

Tim, again I thank you very much for taking the time to come on today.

Jake Hower:

Listeners thank you very much for tuning in and we hope to

Jake Hower:

speak to you again very soon.

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