Tag Archives: marketing

Gwen Merz on Fiery Millennials, financial independence and saving $200k by age 30 – MAF193

On the show this week, I chat to Gwen, the founder of Fiery Millennials, a blog side dedicated to making sense of finances for young people.

We talk about how Gwen saved $200,000 whilst in her twenties  and how she built her blog to help others achieve financial independence.

Welcome to episode 193 of the Marketing and Finance Podcast.

Gwen Merz on Fiery Millennials, financial independence and saving $200 by age 30 - MAF193

What you’ll hear about in this episode

  • How Gwen saved rather than spent her money
  • Why Gwen set up the Fiery Millennials blog
  • How she built her website by not following “the rules”
  • Making financial advice less complicated
  • How to make financial services an enticing career option
  • Gwen’s advice to millennials seeking financial independence

Who is Gwen Merz?

Gwen started her blog three and a half years ago after finding a ‘Financially Independent Retiring Early’ (FIRE) community during college. While it provided value, there was no-one young, female and starting out on their financial journey to relate to.

Realising that most bloggers were at a different life stage, Gwen created the blog she wanted to read. It helps her make connections, find new ideas and understand how others live. She worked for a large, globally recognised corporation and intended to retire at 35. By age 27 she’d saved $200,000, which over the next 30 years will compound to $1.5m without additional contributions.

Summary of our chat

Gwen prioritised saving over spending, always putting that first. She divided her paycheck into tax deferred accounts first and she spent the remainder. Gwen graduated debt-free and went straight into a well-paying job. She disliked working and not having freedom to do what she wanted, so did everything possible to get out of office life.

Creating Fiery Millennials to help others achieve what she has, Gwen now finds her story is inspiring people. The blog shows the steps Gwen’s taken and gives her audience ideas for entrepreneurial adventures.

She’s experimented with property management, selling printable downloads, freelance writing and stained-glass making.

Gwen didn’t do any market research before launching Fiery Millennials, because there wasn’t anyone creating what she was looking for. She created her blog to talk about her career, her life and to share tips on what not to do. The blog has attracted an audience of engaged, like-minded people she feels strongly connected to.

Financial advisers need to make their products easier to understand, which is what Gwen does for her audience. This takes away the mystery and overwhelm and encourages them to try things themselves. She offers clear steps to follow and avoids using the confusing jargon that traditional advisers use.

Gwen isn’t trained in classic financial services, but says there’s a level of mistrust around the industry and an assumption advisers promote things they make money from. It needs to be a more attractive career option. Reframing it as a way to help people rather than about raking in commissions would be a positive. Gwen recommends tracking your spending to monitor your finances. Doing this helps you find places where you can make savings in your daily life. Decide what kind of budget would suit you and prioritise saving. Putting money aside first and then spending allows you to hit your goals.

A marketing campaign or product which grabbed Gwen’s attention

Gwen says Amazon have done an amazing job of promoting Amazon Prime Day. Although she has no intention of participating in it, she knows when it is because she’s bombarded with adverts everywhere on the internet.

Recommended business book

Gwen recommends Mindset: Changing the Way You Think to Fulfil Your Potential by Dr Carol Dweck, saying it will help you to change your mindset into a growth mindset.

 

 

 

 

 

Links and contact details

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Simone Vincenzi on business purpose strategy and running live events – MAF192

On the show this week, I talk to Simone Vincenzi.

We chat about playing the didgeridoo, putting together a business purpose strategy and using live events to grow your business.

Welcome to episode 192 of the Marketing and Finance Podcast.

Simone Vincenzi on business purpose strategy and running live events - MAF192

What you’ll hear about in this episode

  • Why Simone believes a strategy is important
  • What a business purpose strategist does
  • Ways public speaking can help you grow your business
  • How Simone runs live events to find clients
  • The methods Simone uses to market his events
  • What encourages people to attend his sessions

Who is Simone Vincenzi?

Simone describes himself as a business purpose strategist. He loves music and plays the didgeridoo, the hanger drum and plays basketball professionally.

Simone speaks at over 200 events a year, including those he hosts himself. He believes that to create a connection with someone, we need more than just the business knowledge they share. We need to know who they are and what’s influenced their lives. That’s why when we watch a documentary, we’re interested in seeing the behind the scenes of the entrepreneur or celebrity’s life.

Summary of our chat

A lot of people want to just get on and take action without thinking about the overall purpose of what they’re doing. But tactics only offer short-term success. We need to look at how the entire business functions.

A consultant who doesn’t help clients with a strategy is doing them a disservice. Simone says that without knowing your ‘why’ you can’t complete your strategy. You need to know the purpose of your business, what you do and your personal and professional goals. Without this understanding, you’re playing a reactive game and chasing shiny objects. The ‘why’ gives you a solid foundation to design your business.

Speaking in front of audiences and being in the right places is a great way to grow a business. Converting people online is a slow process. Being onstage creates human connection, which beats any other kind of marketing. It makes an impact on people and raises brand awareness.

Simone uses his live events to give potential clients a taster of what it’s like to work with him. For B2B companies, he hosts a free event and then offers a three-day advanced course to build on the event. This leads to a three-day conference and subsequent opportunities to work with him. Simone recommends using a range of marketing tools to promote events: speak at other people’s events, ideally those about your topic and with your target market attending. He also suggests joint ventures with other promoters, who have a database of ideal customers.

You can’t rely solely on those relationships, so use paid advertising, and tapping into your business network. The event content varies depending on what the clients want and each day covers a different subject. Sometimes sessions help them find their why. Others are focused on helping people with public speaking. Or developing a strategy. Or how they can make money from events. Simone filters his clients to ensure they get the right training.

One big takeaway

Simone says it’s important to remember that everything you do will take three times longer and cost three times more than you expect. If you want 100 people in the room, aim for 300 and you might get 50. Have a contingency plan, consider your expectations, and understand whatever it is you want to do before you do it. You can’t do everything yourself, so get people to help you and save you time.

A marketing campaign or product which grabbed Simone’s attention

Simone gives an example from a brewery local to him in London. Many of the local businesses are advertising ‘the number one beer’ or ‘the number one coffee in Bermondsey’, but this brewery takes a different approach. Their advertising board reads: “We are not the best, but we promise to get you drunk!” It’s a genius message because at the end of the day people want to have a good time, so they’ll go in.

Recommended business book

The last business book Simone read was The New One Minute Manager. He says he doesn’t enjoy managing people, but as his company has taken on new staff, he needed to develop his skills. Looking for recommendations on how to do this led him to the book. He describes it as one of the best, simplest, books he’s ever read, particularly on management. It’s simple, effective and he loves it.

Links and contact details

  • Follow Simone on Twitter
  • You can find Simone’s website right here. There is a checklist available there which teaches people how to create events that sell. It includes what to say and when to do each step. There is also an application form for people who want more information about working with Simone, how he can create an event for you or help you improve your professional speaking.

If you enjoyed – Simone Vincenzi on business purpose strategy and running live events – please leave a comment or a review on iTunes.

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3 Ways we can fix broken marketing – MAF191

Marketing is broken. Busted. Kaput.

Except when it’s done with integrity and a deep, almost obsessive, understanding of the customer.

That’s how I opened my recent speech at the Youprenuer Summit Conference in London. And that’s what I want to talk about today.

Welcome to episode 191 of the Marketing and Finance podcast.

3 Ways we can fix broken marketing – MAF191

What you’ll hear about in this episode

  • The Youpreneur Summit Conference at the Queen Elizabeth Centre in London
  • How I looked for a new hard hitting speech to replace my “Cat Sat on the Mat” favourite
  • The three reasons why marketing is broken in some brands and companies
  • Developing the “John the Wineman” story and using buckets and balls
  • How we can fix each of those three problems with marketing

Links

If you enjoyed – 3 Ways we can fix broken marketing – please leave a comment or a review on iTunes.

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