609: The Stadium Model of Entrepreneurship: How to think like a sports franchise to unlock more profit from your business

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 20 May 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

What if we looked at our businesses like professional sports teams? That’s what Vincent Pugliese from Membership Freedom shared, drawing parallels between running a successful business and how sports franchises operate. Vincent helps people build successful membership sites and communities around topics they care about. He previously shared his freelance-to-freedom story of going from making $30k a year to earning $30k in a single day through freelancing. In this episode, Vincent explains the "Stadium Model of Entrepreneurship." This model draws inspiration from how sports franchises operate, offering various levels of access and products to their audience. Full Show Notes: The Stadium Model of Entrepreneurship: How to think like a sports franchise to unlock more profit from your business New to the Show? Get your personalized money-making playlist here! Sponsors: Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post!

Transcript

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0:00.0	This is the Stadium model of entrepreneurship.
0:03.0	How to Think Like a Sports franchise
0:04.7	to unlock more profit from your business.
0:07.4	What's up, what's up, Nick Loper here?
0:09.2	Welcome to the Side Hustle Show, part of the entrepreneur
0:12.1	podcast network.
0:13.2	It's the business podcast, you can actually apply.
0:15.5	And I'm excited to welcome back Lucy to the show,
0:18.4	a fan favorite who famously went from earning around $30,000 a year to earning as much as $30,000 in a day in an
0:26.2	episode we called Freelance to Freedom. But today, Vincent is an expert at helping other
0:31.5	people build communities and businesses around topics they care about.
0:35.3	You can learn more about that at my membership freedom.com.
0:38.4	And we're playing three rounds with Vincent today.
0:40.4	So on the agenda is round one, the stadium model of
0:43.2	entrepreneurship. Why sports has the greatest business model that nobody
0:46.0	ever talks about. After that, we've got a business idea to donate to you,
0:49.9	something you could start today. And to wrap up, we've got the triple threat,
0:53.6	a marketing tactic that's working now,
0:55.2	Vincent's favorite new tool
0:56.8	and his favorite book from the last 12 months.
0:59.4	But let's lead off with this round one,
1:01.5	the stadium model of entrepreneurship.
	...

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