075: Huge Risk But HUGE Return
Marketing Your Business - Marketing Strategies for Business Owners
Stu McLaren
4.9 • 679 Ratings
🗓️ 19 September 2018
⏱️ 18 minutes
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Summary
Sometimes in business, you have to take a risk. In this episode I share the behind the scenes of a HUGE risk that our company took that produced a HUGE return.
To get access to the full show notes visit: MarketingYourBusiness.com/75
Transcript
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| 0:00.0 | Sometimes in our business, we have to take a big risk, but they could be tremendously scary. |
| 0:05.9 | In this episode, I'm going to tell you about a huge risk that we took, but it produce a huge |
| 0:11.8 | return as well. That's all coming up in this episode. |
| 0:17.6 | Marketing your business is for you, the business owner, who has a product, a service, or a message that you believe in. |
| 0:23.7 | My name is Stu McLaren, and each week we'll take a behind-the-scenes look into the real-world marketing tactics and strategies for getting what you have in front of a lot more people. |
| 0:33.2 | Thanks for spending some time with me today. Now let's get started. |
| 0:39.3 | You've heard the saying big risk, but big reward, right? |
| 0:43.8 | Well, in business, it's absolutely true sometimes. |
| 0:46.9 | And if you've ever hosted a live event, then you know this saying is absolutely true. |
| 0:54.3 | Because if you've attended a seminar or conference and you've had a great experience, which is awesome, |
| 1:01.2 | what you may or may not know is all of the logistical things that need to happen in order to |
| 1:07.1 | pull off a smooth conference. |
| 1:10.1 | In this episode, I'm going to take you behind the scenes of |
| 1:12.8 | our tribe live event. Now, you heard me talk about our friends that recently passed. It was a crazy, |
| 1:22.2 | terrible time. And that was, you know, episode 71 and 72 that I shared a lot about this. But before, like right |
| 1:29.9 | before all of this happened, we had our live event. And it was one of the peak experiences for us as a |
| 1:38.0 | company this year. Because listen, there are literally like months and months and months of planning that go into this event. |
| 1:46.7 | And there are hundreds of thousands of dollars that are being spent up front. In fact, we had |
| 1:54.1 | just over, I think it was close to $60,000 that was being spent on an evening surprise. Like, people didn't even know what was about |
| 2:03.3 | to happen. And that had to be paid up front. We were on the hook for literally hundreds of |
| 2:08.7 | thousands of dollars with the hotel. And there's just so much money and so much investment |
| 2:13.3 | that goes into crafting an amazing live experience. |
... |
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