Nifty Business Secrets That Have Saved Us 6-7 Figures | Ep. #1567

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 21 November 2020

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #1567, Neil and Eric discuss the main ways they have been able to save money in their businesses over the years. You will hear about the importance of hiring experienced talent, payment structures that help shave off expenses, and tracking spending like a hawk. To learn more, be sure to tune in today! TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: Nifty Business Secrets That Can Help You Save Six to Seven Figures. [00:35] How paying for better talent–even though it is expensive–has saved Neil money. [02:15] Avoid micromanaging people and give them goals to achieve instead. [02:50] Use a performance-based payment structure to help you save costs. [03:35] Why hiring high potential talent rather than experienced people has been expensive for Eric. [04:46] The benefits of hiring people who have already executed the tasks you need them to do. [05:13] Tracking every single expense on an Excel spreadsheet – how this has helped Neil. [06:08] That’s it for today! [06:08] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information or call us on 310-349-3785! Links Mentioned in Today’s Episode: Neil Patel Digital Michael Gullaksen Measure What Matters Traction Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Welcome to Marketing School, the only podcast that provides daily top-level marketing tips and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.5	Let's start leveling up your marketing knowledge with
0:14.0	your instructors Neil Patel and Eric Sue.
0:19.2	All right guys before we start we got a special message from our sponsor.
0:24.0	If you want to rank higher on Google,
0:25.9	you got to look at your paid speed time.
0:28.5	The faster your website loads, the better off you are.
0:31.3	With Google's core vital update,
0:33.0	that makes it super, super important
0:34.8	to optimize your site for low time.
0:37.6	And one easy way to do it is use the host
0:40.0	that Eric and I use, Dreamhost.
0:42.0	So just go to Dream Host or Google it.
0:44.8	Find it, check it out, and it's a great way
0:47.0	to improve your low time.
0:50.6	Welcome to another episode of Marketing School. I'm Eric Sue and I'm Neil Patel.
0:55.6	And today we're going to talk about nifty business secrets that has helped us save six to seven figures plus.
1:02.0	So one of the things that's helped me save a lot of money over the years is paying for better talent and you're probably wondering
1:10.2	Neil how's paying for better talent and paying more money for talent going to save you money.
1:15.0	So everyone has this notion that the easiest way to make money is to just save it.
1:21.0	And that's true saving does help. But I'm a big believer that if you hire the right people
1:26.9	who have done it before, you're going to make way less mistakes and that's going to save you even more.
	...

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