Why You Should Know What Your Competition Is Doing- David, Donni & Billionaire B
Social Proof Podcast
Social Proof Network
4.9 • 2K Ratings
🗓️ 14 February 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
👉🏾 Join the Morning Meetup - http://www.themorningmeetup.com
Brians Masterclass:
https://www.myfirsteventspace.com/register-lp
Brian on IG:
https://www.instagram.com/billionaireb/
BRIAN WALDRON
Born and raised in Brooklyn NY, Brian Waldron was fascinated by entrepreneurship from a young age. He went from selling cards, to candy, to sneakers to serving tables at an Italian restaurant.
When his family moved to Queens he started to help his Mom out with her smaller location back in Brooklyn and quickly became fascinated with the idea of renting space out for small events. Within one year he acquired 3 event spaces and began servicing hundreds of events in New York City. After COVID hit, he quickly transitioned into teaching - where he can expand his reach and impact.
Sales vs. Marketing Clip from #332
Selling - give or hand over (something) in exchange for money. This is where a transaction is being made. There's also the psychology of sales that applies to every opportunity to make this exchange.
Marketing - the activity or business of promoting and selling products or services, including market research and advertising. Marketing is essentially the act or process of making a brand more known to the public.
Sales and Marketing go hand and hand but they are two different things. Tune in to this discussion to gain more context about their differences and similarities.
Do you want more Social Proof? If you do, check out the Social Proof Blog! Click here to tap in & get the resources you need to grow yourself & your business!
https://www.thesocialproofpodcast.com/.
*** Grab the Podcast EBOOK👇🏾 **
http://www.podcastebook.com
GO SUBSCRIBE to The Brain Picker Podcast on All Streaming Platforms!!
Apple Podcasts: https://podcasts.apple.com/us/podcast/social-proof-podcast/id1374373035
Spotify: https://open.spotify.com/show/6GT6VgjBy0zviALR8xkRe1?si=82LcP8siQXGVHb2ibg5axA&nd=1
To work with Donni:
https://www.sixfigureacceleratoredu.com/home
Donni on IG : https://www.instagram.com/donniwiggins_/
David on IG : http://www.instagram.com/sleepis4suckers
#entrepreneur #smallbusiness #podcast #howto
Our Sponsors:
* Check out Cash App and use my code CASHAPP10 for a great deal: https://cash.app
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Some of the biggest advances I've made in my business were from watching other people's products being a customer of other one of the biggest things |
| 0:08.5 | I always tell people in my program is that when I started out, the first thing I did was I called mystery shopped every other space in my area. |
| 0:16.9 | First thing I did because I was just like, look, first of all I didn't have a mentor, nobody was teaching it, so I'm just like, yo, I need to know what other people are doing right and other people are doing wrong so I can come into the marketplace and sell my stuff accordingly. |
| 0:28.4 | I'm mystery shopped every other business in a seven mile radius. How much you charge? What do you, what do you provide? How many customers? I want to know how booked you are. I'm looking at your views on Google, so I can come in and be like, all right, cool, the most book spaces in this area, they're charging this, they're providing that they have this type of level of customer service, they pick up the phone, their website is optimized like this, their Instagram bio looks like that. And from that point on, we were able to scale our business simply by looking at other competitors, even with my digital stuff now, I'm buying other people's products. |
| 0:57.5 | Absolutely. I want to know what your onboarding looks like. I want to know what your customer service looks like. I want to know how your product is laid out. I don't know how fast it takes. I want to know if you even communicate with me after I buy your product. Brian, did you work in corporate like eight, six months is so it. First of all, I don't want you to miss what he just talked about. I work at work with clients all the time where I get people students. In fact, and part of my training program is to mystery shop, right? And I don't call it mystery shop. I just tell them to shop their competitors do market research and people really |
| 1:27.5 | feel like it's highly unethical to do that. I don't want to go in there and pretend like I'm blah, blah, blah, blah, just to figure out what they're doing. It makes me feel a way. You're probably one of those people. I used to work. I used to work in property management, leasing apartments. And one of our weekly roles was to go and shop our competitors. Or maybe it was monthly, but we would have to go and shop our competitors. And what that meant because we were talking industry language. What that meant. |
| 1:57.5 | is if I work at a property, I need to go to be property act like I'm looking for an apartment, right? I'll take off my uniform. I'll go in there and I'll act like I'm looking for an apartment. |
| 2:09.4 | Act like I'm just. Well, because that's what that's what marketers do. This is what you have to do. You go in, you act like you're you're acting like this is the information we're taking back to our marketing team. |
| 2:22.5 | So we're acting like we're looking for this apartment. I am paying attention to what does your office smell like? What does the leasing office smell like? |
| 2:28.2 | Do they have cookies? Do they have coffee? Do they have lemonade? We don't offer any of those things. That might be a deal breaker. Let's get the cookies coffee and lemonade. |
| 2:34.9 | I am looking at the journey. How do I get from the leasing office to the apartment? Are they taking us on a golf cart or are we walking all the way through the buildings? Are they avoiding the dirty breezeways? |
| 2:44.5 | Or do they have a yellow brick road path that they take us by that they know is always clean when we walk in? Are they showing us fully done models? |
| 2:53.2 | Or are we having to use our imagination here with the furniture? All those things matter because if their presentation of their product is better, we need to do something with our presentation. |
| 3:03.3 | That information goes back to the sales team. I'm sorry to the marketing team. So sales can perform at a higher level. Brian, I'm interested in what you would tell somebody who says I get it. |
| 3:13.9 | I get that Pepsi probably sent somebody on their marketing team or they sent a see there's there's it before I get there there. I don't know if they do it anymore. I'm sure they do and what's that website, not back page. The other one where there's all kinds of listings. |
| 3:29.6 | Hey, what are you thinking about? Craigslist, Craigslist. Because back page was one too, but it was for some different kind of listings. Craigslist. You ever know something about it? Never. You know something about it. |
| 3:41.9 | I heard about back page. I don't know anything about it, but Craigslist. I'm too young. You're too young for this. Craigslist used to be like the spy. If you needed to hustle up some money, we knew how to go through some Craigslist listings. And there are these mystery shopper positions where you could go into like restaurants and dying at these restaurants or into stores and people send them into hotels and companies. You do that. Companies have like the Marriott has a department of |
| 4:11.5 | internal shoppers that will send you to their Marriott properties to make sure that you're presenting correctly or you'll be fired on the spot. So if internally you're being |
| 4:21.5 | shopped from your competitors, you're being shopped to I'm interested in hearing your perspective on if someone comes to you and says, I just feel like it's |
| 4:28.5 | let's just talk the Dave here because Dave feels like it's unethical to go in and shop somebody else. What would you tell him if I'm to be extremely transparent. And I I with with not with putting aside how most entrepreneurs would feel about this. There's a certain level of entrepreneurship where you kind of have to play the game. And I've noticed this. |
| 4:49.5 | I'm used to play the game. It feels sketchy to him. The biggest companies Amazon Tesla Apple they all have a certain level of I don't want to say tactics, but there are things that they just kind of have to go a little bit behind the |
| 5:06.5 | book to say like article you got to get the job done. For example, Amazon, what they'll look at is they'll look at all the top selling items and then they'll create their own product. Yeah. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Social Proof Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Social Proof Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

