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Marketing Your Business - Marketing Strategies for Business Owners

198: The Back of a Napkin Test - Would You Pass or Fail?

Marketing Your Business - Marketing Strategies for Business Owners

Stu McLaren

Emailmarketing, Amyporterfield, Michaelhyatt, Marketing, Onlinemarketing, Stumclaren, Marketingyourbusiness, Business, Russellbrunson, Contentmarketing, Jeffwalker, Entrepreneur, Patflynn, Membershipsites, Listbuilding, Subscriptionsites, Passiveincome, Recurringrevenue

4.9664 Ratings

🗓️ 6 November 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

In this episode we talk about the "back of the napkin" test and why it's SO important for both YOU and your audience.

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To get access to the full story and all the resources mentioned, visit MarketingYourBusiness.com/198

Transcript

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0:00.0

Imagine this. You and I are sitting down across from each other and I ask you to tell me about your

0:05.8

business. In fact, I say, can you just write it down on the back of a napkin so I can see the

0:11.7

overview of how you do what you do? Would you be able to explain it on the back of a napkin?

0:17.2

Well, my friend, in this episode, we're going to talk about high-level overviews of three

0:22.3

different business models and why that's so important to be able to clearly and simply explain

0:27.9

it on the back of a napkin. Let's go. Marketing your business is for you, the business owner,

0:34.9

who has a product, a service, or a message that you believe in.

0:38.1

My name is Stu McLaren, and each week we'll take a behind-the-scenes look into the real-world

0:42.4

marketing tactics and strategies for getting what you have in front of a lot more people.

0:47.8

Thanks for spending some time with me today. Now let's get started.

0:54.4

Well, hello there, my friend.

0:56.2

It's me, Stu, back for another episode of the Marketing Your Business podcast.

1:00.6

In this episode, I want to start off by asking you a question.

1:04.9

If you and I were sitting down from one another, would you be able to map out your entire business on the back of a napkin?

1:14.5

And in fact, in this episode, I'm going to map out our entire business on the back of a napkin

1:20.6

for you so you can hear it. But let me kind of dig into why this question is so important.

1:27.2

Last week, we had a pop-up mastermind, and part of this was due because it was a mastermind

1:34.5

for people who had donated a significant amount to our nonprofit Village Impact.

1:41.3

And in fact, if you had listened to episode number 190, then you would have heard

1:45.7

that this is part of the way in which we have raised money for our nonprofit. And I'm so

1:51.2

incredibly grateful to this group of people because they obviously have had a huge impact

1:58.3

with the projects that we are pursuing over in Kenya with our schools and

...

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