Full show notes for this episode can be found at https://jakehower.com/big-business-marketing-on-a-small-business-budget-with-tim-reid/
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.