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The Higherside Chats

Announcing: The Marketing Budget Moneybomb

The Higherside Chats

Greg Carlwood

Religion & Spirituality, Society & Culture, Spirituality, News, News Commentary

4.73.5K Ratings

🗓️ 3 July 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

OG fans know that the THC Moneybomb was one of the most creative things I've ever done to grow the show: Giving half the "donation" pool back to a random listener each month. It was gambling, but I had an idea of how we can bring back the spirit of it in a way that might benefit you, me, and the work of our guests. I'm going to take the money I planned to allocate to marketing, and instead give away $500 every episode to a random listener. The hope is that the spirit of this idea mobilizes the audience to help with growing the show in the way a conventional ad spend/marketing agency is supposed to do, but without the middle men. Listen to the announcement to hear the logistics of how it works, what I will consider success to be, and how to make sure you're in the running. If it doesn't work, it was a fun idea, and at least it's a marketing budget that might find a better home. If it does work, it might flip the script on what a good marketing strategy is, and how money can flow both ways between podcasts and their audiences.

Transcript

Click on a timestamp to play from that location

0:00.0

Alright guys, so I had an idea and I was going to make a short pre-roll announcement to

0:06.0

put before the episodes this month, but it started to get too long and I thought fine.

0:12.1

Let's just put something out in the feed that really covers all the bases and explains

0:16.6

what this idea is and how I would hope it would work.

0:21.2

And you can see from the title this has to do with marketing and if you're a long time

0:25.0

listener giving money away.

0:27.4

But I'm going to be pretty candid with you about the show and our position and the

0:31.2

sort of stuff you say in a meeting with a marketing agency or a manager or an agent,

0:37.2

but not often to an audience directly.

0:39.6

But we're trying something new.

0:41.9

So sometimes I see my peers and our guests trying all these wild and crazy forward thinking

0:48.0

ideas and using the position they've made for themselves to the fullest and I thought

0:52.4

fuck it.

0:53.4

So let's run with this weird idea I had which is really just a way to bring back the

0:57.8

money bomb potentially.

1:00.2

Something I've always wanted to do but needed to find a better, less legally gray way to

1:05.2

do it.

1:06.4

To start from the beginning, THC has always really just been a word of mouth show.

1:12.4

I try to make the content good and hope that the rest shakes out and it truly has.

1:18.0

I'm very fortunate.

1:20.1

But I would say that growth has slowed a little bit and in the 12 years since I've been

1:24.3

doing it, a lot has changed in the podcast in space and people have popped out of nowhere

...

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