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THE ENTREPRENEUR’S RADIO SHOW
Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business
Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 1 of 24
EPISODE #51: VICTORIA GIBSON
On this episode, Sandra and Travis had an informative chat with Facebook Ad guru and successful
online entrepreneur Victoria Gibson. Victoria is one of the world's renowned Facebook marketing
expert, which helps entrepreneurs reach their target market through social media, particularly in
Facebook. Victoria shares valuable information to those entrepreneurs who need help with their
marketing campaign and want to utilize the growing popularity of Facebook with online users and
entrepreneurs alike.
Travis, Sandra, and Victoria shares insights on various topics such as Facebook’s multi-layered
targeting opportunities and how to utilize this in marketing your product. Also pointed out are the ways
on how to create a strong online presence for you and your brand. Another valuable information talked
about in this episode is the power of promotive post and how it can provide you with an economical and
effective marketing tool. Entrepreneurs who want to use Facebook in promoting their business would
surely gain valuable insights from Victoria in this episode.
Victoria Gibson
–Using Facebook ADs to Grow your business
Travis: Hey, it's Travis Lane Jenkins.
Sandra: And this is Sandra Champlain.
Travis: Welcome to the Entrepreneur's Radio Show, episode number 51.
Sandra: Wow, what are we doing today Travis?
Travis: Well, we're visiting with Victoria Gibson, I'm super excited.
Sandra: All the way from Australia, beautiful woman.
Travis: Yes. Hey, before we get started I want to remind you to be sure and stay with us until the very
end if you can. We like to share a little inspiration with you, and we'll also reveal who we're going to
connect you with on the next episode. Right Sandra?
Sandra: Oh, that's right.
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Travis: One quick reminder, Sandra's favorite reminder, is if you enjoy these free podcasts that we
create for you, we'd really appreciate it if you'd go to DIYOB.com, which is short for what Sandra?
Sandra: Diamonds in Your Own Backyard.
Travis: Don't you forget it, and click on the iTunes icon, and then post a comment and rate the show.
This would help us reach, instruct, and inspire more great entrepreneurs just like yourself with each and
every guest we bring on, right?
Sandra: Yeah, and a little bit about today. Victoria is a master at Facebook Ads, and so many of us
business owners know we should be on Facebook, we should be on Facebook but wouldn't you like to
know just how to best optimize your page, what Facebook Ads are all about and how you can use them
for success in your own business, so let's talk to Victoria.
Travis: Yeah, also interesting ways to target your most ideal prospect or customer, right.
Sandra: Right.
Travis: We come at this really from a variety of different angles, and then on top of Victoria being
brilliant, she's lots of fun too. Right.
Sandra: Let's go.
Travis: So are you ready, do you think we've teased them with enough information that we should
move forward, or..?
Sandra: I think so. Let's get into the world of Facebook Ad.
Travis: All right, so without further ado, welcome to the show Victoria.
Victoria: High, thanks, it's great to be here.
Travis: How are you?
Victoria: I'm good, it's great. So I'm in your--I'm coming to you from your future. I'm a day ahead of you
guys, I'm down in Australia which your listeners can probably tell by my accent.
Travis: Yeah, you've traveled back in time to visit with us, that's very nice of you.
Victoria: Yeah, I have exactly, I'll come back to you, so...
Sandra: What part of Australia are you in?
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Victoria: I'm in Melbourne...
Sandra: Okay.
Victoria: Which is the second biggest city in Australia, so there's Sydney and Melbourne are kind of a
two big cities here.
Sandra: Yes.
Travis: Cool. Hey Victoria, I know there's a lot of things that you can teach, I know that you're known as
the Facebook Ad queen. But before we get into a lot of the things that you teach, can you give us a
background story of how you got started in business?
Victoria: Sure. I probably, I've heard this term recently and I think it's quite apt, which is I'm a bit of a
corporate refugee. So I got a corporate marketing and management background, and was really
looking for my own--to run my own--run and manage and start my own business just as a personal
challenge, but also thinking that was much more aligned with the type of person I am. So, I knew I
wanted to do something online because I like the idea of having the flexibility and not working for
someone else and also not being tied to a specific place to go everyday either. So I’m having that kind
of mobility. I just didn't really know what I wanted to start and what kind of business I wanted to start.
So, when I first started I actually just set-up a website that was small, something that I was interested in
and passionate about and that was--actually travel to India, which is very different to what I do now.
Travis: That sounds cool.
Victoria: It's all about, yeah, setting up travel to India and tours and experiences mainly for women
travelling on their own. So as I try to set that up, I uncovered a lot more about the online marketing
world and how to really market yourself online and connect with more people. And through that,
although I'd been using social media personally, I hadn't been using as much from a business
perspective. I knew about it from a corporate perspective a little bit but this was probably about three or
so years ago so it wasn't quite as prolific as it is now and the more I uncovered about it the more I
thought, "Wow, we used to spend so much money connecting with customers and try to inspire
customers to purchase or visit and spend thousands and sometimes millions of dollars. And there
seemed to be this platform that didn't cost that much at all and was particularly powerful. So the more I
uncovered about that the more I started offering that on a consulting basis to some of my marketing
clients that I had at the same time as well. And then just started to use that more and more and learn
more about the ads, and I'm just not sure that I invested in the right teachers who already had
businesses where they were consulting on these on Facebook and Facebook Ads, made sure I learned
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the right way and then started offering it to my clients and learning more about it and just setting up a
website where I could share that information with people all over the world.
So that became my business, and that's what it is now.
Travis: Well, how long did it take for you to find success, was it like a straight up, were you successful
immediately, or was it up and down, or--kind of give me a feel for that.
Victoria: I've steadily grown since starting so as I mentioned before. So I started this business in April--
let me just work out what year we're in. Probably about April 2011, I think, so 2 years ago, and I had--so
I started at then with kind of my first client, my first success as well. So I did a lot of testing with my own
money promoting other people's products and offers just to get a feel of the platform and understand
what works and what didn't, and some of those campaigns were very successful, it was like, "Wow, this
is a really good opportunity I'd like to offer it to clients," and then moved into that. And yeah, obviously
there's a lot of convincing people, every client I got there was three that I didn't. And that really, I guess
a factor of, some people weren't ready at that time, particularly in the Australian market. I think that's
why I have so any American clients that is a little bit more ahead of the curve in terms of social media
and social media for business. So, Americans seem to be a lot more receptive although that seems--
the tide seems to have turned over the last 6 months, I think it seems to--there's the tipping point, even
though obviously social media type up in people's awareness is there but in terms of businesses
knowing that they need to be on the platform. I think over the last 6 months it's definitely, that's tipped
and most businesses say the value and why they need to be on there. They still don't necessarily know
how to or what they should be talking about on there, but I think there's definitely a change that people
all are, "Oh yeah, Facebook, I know I need to be on that, but it's just--I don't know what to do," and I
guess that's where I come in.
Travis: Well, you know what's interesting and you may already know this but there's not a whole lot of
people that specialize in kind of the done-for-you type aspect of Facebook. Are you aware of that?
Victoria: Yes, absolutely. There are people out there but there's probably not people that make
themselves very easy to find, so there's a lot of agencies, maybe a bias, and people like that, but then
probably not people who are only doing Facebook Ads done for you or Facebook marketing campaign
management. So, a lot of...
Travis: That's really kind of surprising.
Victoria: It is and it isn't. To me, it is in general but to me, it is quite a detailed and intensive kind of
service to offer. And when I tried to teach it to other people, people don't learn it very easily and a lot of
people come up against things not working and they try and apply, maybe they've done Google
campaigns before which are all about search and that's where you're trying to put a product in front of
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someone who's already ready, almost got the intention to buy. Whereas Facebook, it's different,
Facebook's about creating connections and playing to people's impulses, understanding how they live
and what's in their hearts and minds, and then connecting that to your product or service. So that's
more of an intuitive process in many ways and that--you know, I'm obsessive about people's
purchasing preferences and what brands they like and what brands that connect to them, why, and how
that works with their lifestyle, and understanding that sort of element. And a lot of people don't
approach it that way, they approach it in a very, kind of linear way, like, okay, if we've got a program--so
we're selling bikes, then we're just going to put in bikes in the targeting. But Facebook actually come up
with such multi-layered targeting opportunities for people that--I don't think are available in any other
media, I don't think that Facebook's way that they've tapped in to everybody's way they live their life,
what they comment on, what they're saying to their friends, actually hopping into other people's
conversations. And mining that information for you as an advertiser to tap into. Now to me that's
incredibly powerful, and that's something that you need to understand when you're going to put your
product or service on Facebook to get the most out of it. And it's generally the reason most people don't
do well is that they don't understand how people use Facebook and the power of Facebook from
advertiser's perspective.
Travis: Right. I have a couple of things on that. I think most business owners shouldn't focus on
learning how to do it, I think they should focus on growing their business and managing, working on
their business, not in their business, and then hire experts to grow that because the rabbit hole goes
very deep on this things. And..
Victoria: I heard..
Travis: ..I believe that Facebook is going back to the 50's and 60's way, attitude of kind of front porch
community relationship type thing, with the exception of your front porch can reach to the other side of
the world.
Victoria: Yes, absolutely, I agree.
Travis: Does that sound silly?
Victoria: No, that's kind of what I'm--that is the benefit of a medium like this, it's connecting people in a
way that sounds trite but it's connecting people in a way that's just never been done before. It's so easy
and it's so--you know in your own personal Facebook how you reconnect with people that you haven't
seen for a long time and some people don't like that part of it, but I think that's a great part, you don't
have to go on actually, go to their house and have a party to know what they're doing and see what
their kids are up to. You can do that pretty instantly, but without losing any of the real connection that's
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Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business
Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 6 of 24
there, you’re still feeling and knowing how they're living and what they're doing, and I think that that's
really important. But as a business owner, you can't see everyone face to face anymore.
So how exciting, like most of my business is in the US, and to get to New York it takes me about 23
hours on a plane to get there. I can't go to New York and see those people, and in fact my team like my
key team member lives in New York. So, how great is that that I can have a business that has
somebody who lives in New York, working with me. Clients from anywhere from Texas to France to
down here in Australia, but I don't have to see those people face to face. It's pretty powerful way of
doing business, this whole online game which is great, and what you’re saying before, I didn't really
answer your question which I'm just reflecting upon now but that whether--did I have an instant
success. I've steadily grown, like I've more than doubled my business each year, and sometimes it's
been month to month I've doubled my business, which has been great, and that trajectory's really
based on the fact that I've made sure I have got a strong online presence. So when you said there's not
that many people doing it, I believe there actually are a lot of people doing it but there's not a lot of
people who understand how to create a good, strong online presence. And I've learned from some
really good people on how to do that, and I think that, that has definitely helped me.
So there's been no looking back since I started the Facebook Ads, business, and Facebook marketing,
it's just been a constant evolution and it's growing really, really strongly. So it's worked for me.
Travis: What do you..?
Sandra: What do you..? Oh, sorry Travis.
Travis: No, go ahead, jump in Sandra.
Sandra: Well, I'm just listening and you just seem so regular, nice, smart, just--you're wonderful, and
there's something different about you that I can't quite put my finger on it that, it was 2 years ago that
you started, you just keep plugging away, you're successful. I don't know if you can describe maybe
your values or attributes. There's something a little bit more caring about you, a little bit more--I don't
know, I'm not exactly sure how to phrase the question but it seems to me...
Travis: Are you asking what has she dialed in or what do you..?
Sandra: No, there's something--maybe this is the question. What gives you passion about this that
makes it successful for you, or what is fun about it that keeps you so intrigued that you are successful
and you are the person that people are coming to, that you do standout?
Victoria: Well I think, I'm a dedicated extrovert so I love dealing with people. So just being hold up in--I
mean I do work from home largely I have an office but I never really go in there because I like working
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from home. But I don't get lonely because I'm connecting with people a lot, but I do notice when I go on
physically connected is it is a different level and I do like that so I will go and say I do have clients in
Melbourne. I'll go and see them or I have other online entrepreneurs that, I know, like last week I went
to Sydney to go and connect with some of those people. And then I'm happy, I'm at my best when I'm
connecting with people but I'm also at my best when I'm helping people.
Sandra: Right, that's it.
Victoria: And it's probably like a selfish but unfortunately, I'm not one of those people who's like, "Right.
So, I'm going to go and help someone for free and go change the world and do" I definitely, I'm open to
doing that but I don't do that so I can't really say, "Oh wow, I'm just so altruistic." I think it's more a
selfish thing that I want people to go, "Oh wow, you know how to that. Can you help me do that? That's
great." So it's probably more like a selfish perspective like that I love, having knowledge and showing
people how to use that for their own success, like that.
Travis: No, Victoria, that's what you're describing is Capitalism. I mean we're all capitalist, even the
people listening, all of our wonderful listeners are capitalists. So it's not selfish at all. I'm talking about
hiring you for our show, so that's how well known and how highly recommended you are. So, to say
that--I know that that's kind of dangerous to ask someone what their key to success is because it can
come off almost like you're bragging about yourself but you've got a great reputation for showing up,
doing a great job, and just being incredible in what you do. And so I think she's just trying to get to the
underbelly of how you've had such incredible success in such a short amount of time. The name of the
show or the subtitle is Diamonds in Your Own Backyard, we're re-branding it to The Entrepreneurs
Radio Show: Diamonds in Your Own Backyard, and that really come from the story of acres and acres
of diamonds to where ultimately, almost all of us business owners have experienced incredible levels of
failure, where we've really come close to considering giving up. And actually, that was the turning point
that made our lives and our business incredible. Did you have any of those during the short time that
you started maybe your travel thing, in transition to this, did you have any failures like that?
Victoria: I mean obviously in doing the travel thing, it wasn't like it was a failure but it was more a
learning experience that I didn't really think through. I was so desperate to just do something different
that I didn't really thing through, "Okay, so what's this going to look like, and in my day to day, like how--
I'd worked out a business model and I'm all for business planning and creating those kind of elements.
But it was a matter of--it got to the point where when I worked with a business coach and they were
like, "Okay, so about this travel thing, what..." I don't know, they said to me they didn't know a lot about
travels so please fill them in. And I just said to them, "I don't really like booking people's travel." Like
that was never something that I did or was good at, I wasn't really working in with my skill base. So that
was an example and I see that a lot with some entrepreneurs who are starting their own online
businesses. They're starting a business based on an idea that they are interested in and that they're
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passionate about but actually don't have a skill base or experiencing, and it's kind of--I think that that's
where you can lose momentum. I'm all for people being open to changing and learning something new
and doing something--jumping out of their proverbial box, or doing something out of the box. But it's
like, you've also got to be true to what, where your school base is, and even if you want to transition
from corporate to online, it's best to do that using the skills that made you really good in corporate. It's
obviously a brand's good at what they have done even if they don't like their job anymore. So it's like,
okay, one of those skills that you can take, that you can transition to something that people want to pay
for. And I guess to have back to what you mentioned before that there's not as many people doing
Facebook ads, one of the keys to my success is being very specific about my proposition, not saying
okay, well--and actually a business coach had said to me, "Oh, you should be a social media
consultant." Well, that just didn't sit very well with me because, A, I didn't feel like I was a social media
expert, not just from a lack of confidence perspective but I don't like doing things that I don't know
inside out. And there was just so much to know and feel proficient in that I didn't feel comfortable selling
myself as that and I also didn't feel many people knew how to hire me based on that, whereas if I said,
"Do you know what, I can develop and manage your Facebook ad campaigns or go in and tweak what
you're doing in a coaching session", people knew how to hire me or knew what I could do for them. So I
think that's one of the best opportunities and helped me overcome that failure of jumping into a
business that really, I was never--the actual day-to-day I didn't want to do. Like I still love the idea, I still
think it's a good idea, it's just that commercially it's not going to be bringing me as much as my current
business and I'm not going to enjoy the day-to-day as much.
Travis: Right. How much does psychology play in to the behind the scene strategy of Facebook for
you?
Victoria: Well, as I said before it is about customer behavior and how people's hearts and minds. So to
me that is about the psychology of how people were using Facebook, so what I love about Facebook is
the engagement and the frequency, so, unbelievably high levels of engagement. Most people are
checking Facebook when they wake up, they pick up their phone next to their bed and hop straight on
to Facebook, like that's engagement. It may not be in good level, it may not be a great thing for people
to be doing, I'm not saying that but to me it that sort of speaks volumes about how people are using the
platform, like that's dedication and engagement, and from an advertisers perspective that's like, hang
on a minute. People are looking, they're searching for something, they're searching to actually be
interrupted, or entertained, or connected with because they're trying to switch off from their day to day
and they're probably not being as engaged with their own life as they should be, but that represents an
opportunity for an advertiser to hop in there and present something to them and hopefully start a
different type of connection. So, I'm not saying that's going to change the world or it's ultra-valuable
from a human perspective but you definitely need to be aware of how people are interacting with the
platform, the type of target audience you need to go after and how they're living. So get right into their
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minds and be thinking, where are they living, what kind of house that they're living in, what brands
really turn them on, what other elements turn them off, or what things that they definitely not going to
engaged with or knowing that you can't be as generic and black and white as just going after a female
who is 35+ living in Texas. Your market is going to be a lot more specific than that and Facebook
allows you to be more specific. So, it's really a question of getting into their hearts and minds and
understanding those people who've already bought from you. Or if you're a new product or service,
those people who are going to and really profiling them almost in a bit of a weird stock away and getting
on Facebook profiles. So what I'll do when I get new clients, if I'm not as familiar with the market then
I'll--and I do this anyway, but sometimes I really need to deep dive into it because I don't understand
the market, like I just got a client who teaches hypnosis. Well, I've never learned hypnosis and I don't
particularly want to, so that's not something that I can really relate to, I'm not judging it's just I don't
know anything about it. So that was like an exercise and just uncovering, like going on the web like, not
just Facebook, but going on the web and understanding, "Okay, who are these people, where would I
find them, what kind of books do they read, what sort of movies would they watch, what celebrities are
they in to, where do they hang-out, who are these people. So, it's a matter of--so that to me is really
going into the psychology of the uses on Facebook and how we can best target them.
Travis: Right. I think one of the reasons why Facebook is so hard for a lot of people is, is all the
different moving parts. I believe that a lot of people view it as ads and maybe two levels deep, and I see
it as many, many levels deep and each step is a place for optimization, whether it's the landing page,
whether it's the copy, whether it's the targeting, whether it's the ad, whether it's--right?
Victoria: Yes, and they all kind of have to line-up to work.
Travis: Right. Or you end up attracting people for the wrong reason once they get to a certain part. It's
kind of building a funnel 101, although there's a lot of people that really don't even understand the
process of building a funnel from beginning to end, do you agree with that?
Victoria: Absolutely. I was just talking about this last week with one of the girls I caught up with in
Sydney who has worked for one of the biggest online marketing companies in the world who are
brilliant at creating, and testing, and optimizing sales funnels. Now she works on her own as a
consultant and I bring her on with some of my clients who haven't set-up a sales funnel. And because
that makes my job so much easier because the thing is, I can bring the knowledge and to make sure
that we're bringing a sea of targeted leads to a business. But if that business does not know how to
convert those leads then it's just useless, and it's money down the drain and there's nothing I can really
do about that. Like I can say to you, "These are types of people who are going to be best for your
service but if your page sucks then the campaign's not going to work." So I need that to happen and it's
very important, so you're right, there's a lot of building blocks going to a successful campaign. And as
I've gone deeper into my business and got a lot more experience I understand a lot more about what
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works, what doesn't and what needs to be there. And that also fits into a lot of client selection elements
that would apply to people who are listening to their own business, understanding who are the best
types of people for your service or your products, and your product or service isn't for everybody, and
that's okay. I think there's a temptation when you first start to take on every client because you just
want to make money and you want to make sure that you can eat next week, but then it becomes a
point where--of saying, "Okay, these types of people are not ideal clients for me.", and being happy to
just say, "Look, this isn't a good fit, let's not go down this path, this isn't going to work.", because you'll
be working 10 times harder and you won't enjoy it and you're not going to get them the results that
they're looking for so there's no point really even starting.
Travis: Right. Well, another interesting thing is there's no one person seems to be handling the entire
piece. And I have a high level of business acumen so I know that but most people don't even know that,
right.
Victoria: Yeah, and they're not doing funnel as well, and they're not pulling it all together, and there's
the ability to really set-up a perpetual sales funnel on Facebook if you get those elements right. One of
the other sort of layers to know about Facebook as well is that it needs to constantly change and be
fresh, whether that be in the look and feel of the ads, the look and feel of your message, or the
targeting. So it's fine to keep things that work and test and understand, "Okay, this is going to work on
Facebook, like this step to this step, this creative to this link to this page to this conversion works well,"
but what's working this week may not work well in two weeks time. So it's a bit of a constant evolution
and understanding how to be nimble with the advertising and it is a lot cheaper to create, so then that
means you need to be creating a lot more. And I think that's also why people try Facebook ads
themselves and drop-off is that it might work for a bit and then it stops working and they don't know how
to fix it, or it never works from the beginning because they don't understand the full power of the
platform and how to target effectively, or they get somebody else to do it who doesn't really understand
that either and then they think, "Oh, cool, we got some great results in the beginning but then it just
painted off and I don't know why.
Travis: Right.
Victoria: So that's pretty much most people's experiences.
Travis: Jump in Sandra.
Sandra: Yeah, Victoria I was thinking two things, one, could you explain a little bit, how in depth people
can go in their Facebook advertising, like what kind of people that you can pick out, not just man,
woman, Australia, Texas. So if you could speak a little bit about that and then also I had the experience
of visiting somebody's website and spent a little time there and it seems like every time I'm on
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Facebook, his is the only ad that pops up and he's stalking me everywhere, and it's actually somebody I
like but what the heck is that about and how can we as advertisers use something like that because
that's brilliant.
Victoria: It's pretty...
Sandra: I ended up buying his product because there he was everywhere, and it's a good one.
Victoria: Let me talk about just in that question actually because I almost want to write a note to myself
to talk about another element about ads and frequency and that there's been proven as well that most
purchases don't actually even click on the ad, there's something about the awareness and how
powerful that becomes that you become comfortable with knowing what that person's about and an
element of trust happens without you even clicking on the ad. So, I think that's a bit of a transference of
trust of using the Facebook platform, but also just that frequency and awareness and something about
that, that's why people pay a lot of money for billboards. You don't know who's clicking on the billboard
or who is actually taking action from a billboard, but you know that there is some element about
awareness and keeping in top of mind in people's awareness and how important that is. People always
talk about, "Oh, there's no way to track Facebookers, blah blah...", well there's no way to track a
billboard, how do you know what that's really doing with your sales?
So Facebook's a lot more trackable than that and it's a lot more measurable I should say, and you can
track it too. So, back to your question, looking at how to target. I could for example, I had a fashion blog
that say, talked about everything that's new for younger women, say they're like women in their 20's
and I've got, it's like cutting edge of fashion and I have membership site on there or something, or I sell
products on there or whatever it is, or maybe I'm just online fashion store. I'm just totally winging it here
so work with me.
Travis: Right.
Sandra: No problem.
Victoria: Okay, as you can tell, I've been changing it 3 times. So, say I'm an online fashion store, I'm
selling high fashion to 20 somethings, so that's my proposition, that's my online business. How am I
going to target those people. Well now I've got an idea of--okay, I always knew I was going to be
targeting women who are 22 to 28, internationally who perhaps are working in the creative industry,
they take their fashion very seriously. They're not big as by purchases of luxury, fashion but they
appreciate luxury, fashion, and they might own a couple of signature pieces, but generally they're
putting their wardrobes together based on what they're seeing that's in high fashion and making it that it
express who they are personally but also following a lot of what the celebs are doing and what's in the
magazines. So I know that in a broad sense.
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So now, when I go to target, I want to get drill down what brands do they like. So that's got to obviously
then have some synergy with the brands that I'm stalking in an online store, but it may have be some of
those luxury brands that--there's a lot of people who love luxury brands that don't actually never ever
even purchase something from a luxury brand. And those Facebook pages like Channel and Von Von,
and Burberry, and Gucci, they all have massive Facebook page followings.
So they might be the type of people I'm looking for, so they might be, okay, when I'm thinking luxury
brands I can look on the web but then I can also go on to Facebook and understand who's got a
Facebook page presence on there, and which ones are sort of in line with the type of woman that I'm
going for. But it might just not be, I don't then have to stick to clothing, I can also stick to movies or TV
shows. So maybe I know what the most, kind of the breakout success, reality shows for 20 something
women this season. Maybe it's a smaller MTV show or cable like maybe it's something on HBO that's
got a big following, so I can start to profile--this is like what I was talking about before, like what kind of
TV programs they're watching, what's on the iTunes on this bona fide playlist. Music can be a bit of a--
it's good for some categories but not for others because you'll generally find that hot, popular music
acts have massive followings, so it's very hard to get specific. You want to keep your target audience
sort of around below 200,000 if you can because the more specific you get the more likely your ad is
going to connect with your market and you'll pay less because Facebook will reward you for having ads
that are popular. So it's all those things taking into account. Then you might think, "Okay, I only really
want single girls, I don't want girls who are married or got any kids even if they're in their 20's because
they probably not going to have the disposable income to buy fashion. So maybe I want to target single
girls because I know they can be motivated, they can be going out most weekends and wanting new
looks."
So, it's thinking about things in that sort of way that I can start to think about books, magazines, make-
up brands, all the brands that go into making their life the way it is, and then popping those into different
segments on Facebook. So I might not put them all together in one campaign, I might try different
things so I might try this ad and target cosmetic brands in one campaign. Then another campaign I
might just target luxury brands, another campaign I might target a high street fashion or just everyday
fashion. And then just see where it resonates best and that's going to allow me to then work out what
ads are the cheapest and which ones are working most effectively. The second part about that is that
the less common these targeting terms are used, the cheaper the ads become, because you pay on a
cost per click basis, and it's competitive, so it's based on, it's a higher price for more people targeting
the market that you're looking to target. So if you do more of your research that other people aren't
prepared to do you'll find a lot of good, high quality targeting terms in the precise interest that are not
being targeted by other people, so therefore, you should be able to get your ads, 10-20 cents a click
which the average is about a dollar.
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And that's not possible in every market because there's a lot of more competitive markets than not, but
that's what's possible. So that's how I approach the targeting, When you go back to talking about the
frequency and the advertising knowing about you, that's where you can use the power of making sure
you have a good Facebook page, and if you've liked that Facebook page and then also visited the
Facebook page a couple of times, or commented on a couple of posts, then Facebook will make sure
the ad is served up to you more because they deem it in their algorithm, the algorithm deems that you
are most wanting to see things from that brand because you visited there.
So there's also other ways that they might be serving ads to you which means you see it all the time
and that is also, a thing called re-targeting. So if you've been to their website a few times, the ad can
then be shown to website visitors only. And also, there's a thing called custom audiences where if
you've got an email list of people you can upload their email list onto Facebook and only show ads to
those people.
Sandra: Wow.
Victoria: Yeah. So it's pretty sophisticated in that regard.
Sandra: There's a whole world that I think most people don't realize is going on in Facebook behind the
scenes.
Victoria: Yeah, well, and also like Travis said, they're not going to have the time, like imagine a regular
business owner, like I don't have the time to do lots of things in my business that aren't my core
business. So I think that's a really good point about outsourcing to people who do know because they're
going to have a much better knowledge and they're going to save you money in the long run anyway
and the best thing is they'll save you time which is even better.
Travis: And the lost opportunity cost a lot of people. So you could spend 3 months, $2,000 on ads,
paying too much for the ads and never get the ads to work. Where you could've handed that off. Let's
say you spend $5,000, you could've handed that off to someone and you would pay them a fee but they
could've dialed that in, got all of the cost per click down and actually started transitioning this into a
viable source for leads, right.
Victoria: Absolutely.
Travis: So that lost opportunity cost is--you go 3 months, you spend this money, you give up on it,
where those 3 months you could've brought it an extra 30, 40, 50 leads, and whatever your closing rate
is for those 50 leads. Do the math, take your average sale, your closing rate, and there's your lost
opportunity cost, right.
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Victoria: Yeah, absolutely. It's pretty easy to make-up or to justify an expert's phase when you look at it
in that way.
Travis: Yeah. Now, I can see where the using this strategy for like our show, jeez, the potential is just,
from my mind, almost, maybe not endless but it's gigantic.
Sandra: It's huge, yes.
Travis: Whereas, how about like a local business. Do you feel like Facebook fits in for local
businesses, and that they could really use that as a lead generation tool for them as well?
Victoria: Absolutely, and I have several local business clients to so the best part about Facebook ads
is that you can target down to zip code or suburb. So, you can apply that same targeting I was talking
about before relevant to your business just by suburb, so sometimes with regard to that it might not
even be getting too specific because sometimes you can get your market too small and then nobody
sees your ads. If you, for example, were a dentist in a local area, you could just target to people at 25
plus who live in that zip code or within 10 miles of that zip code, and just show your ads. It's going to be
a really low cost way to be displaying advertising to people in a local area. So you don't need quite as
much of the targeting for some of that because otherwise it gets really, really low. So, yeah, definitely,
it's very powerful for local businesses and it's great because it's low cost, and a lot of local businesses
can't afford more expensive traditional media.
Travis: Right. What do you feel like are the top 5 things that people need to know about using
Facebook marketing?
Victoria: Well, they have to know that--the targeting is probably the most important thing. The bidding
and optimization is the second most important thing where to make sure that you're not paying too
much, so understanding how the bidding system works, that you want to be paying cost per click and
not cost per a thousand impressions because Facebook will just use up your budget based on what you
allocate. Sometimes also, you have to bid a bit higher to get your ads shown, but if your ad is crafted
the right way, you'd pay less anyway. So you rarely going to pay what they suggest you're going to pay.
So a lot of people is kind of turned off by that as well. And you need to know that you set the daily
budget anyway so as long as you make sure you're tracking it and knowing if it's working for you, you're
never going to spend more than what you set out on a daily basis anyway. There is a bit of trial and
error involved in testing and if you want to dive in and do it yourself then you need to be prepared that
you're going to lose a little bit upfront because some things are going to work and some this aren't.
That's true of most campaigns anyway, there'll be a little bit of testing involved that sometimes, we're
just going to dip our toe into water and see, it's just a matter of being sort of measured with that.
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The other thing is images are vital on Facebook on all elements, so making sure you got nice, high
quality images that represent your brand in the right way is really important. The other part is make sure
you have a Facebook business page, it's really a great, free tool for your business. It can sit alongside
your website, it can drive traffic to your website, and it's a great place to just have some really good
dialogue with your potential and existing customers, and make sure you're updating that daily so that
people are hearing from you and they're getting a mix of conversation and education, and value
wherever possible.
Travis: Right.
Sandra: That's awesome.
Travis: Well, you know I caught the thing, I do a lot of promotive post for the show and I notice that,
now I was using the CPM where the one that you told me not to use.
Victoria: Yeah. But I think promotive posting automatically does that anyway, if you do it straight off
your page.
Travis: Yeah. What was interesting is I notice that no matter how much I increase the budget I still got
about the same amount of activity. And that made me really suspicious.
Victoria: Right, yeah, okay.
Travis: And so I noticed exactly what you said that if they didn't deliver me any more benefits when I
increase the budget.
Victoria: Yeah.
Travis: And so I noticed that their algorithm was set-up just to take my money.
Victoria: Yeah, absolutely. And...
Sandra: What are you talking about Travis? For the promoted post that, and your...
Travis: Yeah, so let me tell you what I found and you tell me what you think about this Victoria, okay?
Victoria: Yeah.
Travis: So I would promote a post for $30 and it automatically puts a 3-day timeline on that.
Victoria: Right.
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Travis: And so, I noticed, I played around and I dropped it to 20 and I still had the same clicks and the
same activity, very close. I dropped it to 10 and had close to the same, or actually about two-thirds, and
so what I did is I'll put a $10 budget in, let it run for 3 days and then I'll add $10 again, let it run for three
days, and then I'll put $10 in and let it run three days, and I got a whole lot more response that way.
Victoria: Okay, yeah, well, what happens with promotive post and it depends, did you just select
people who liked your page or did you select friends of people who like your page as well. Do you
remember?
Travis: Well, the last one, people will like my page and their friends.
Victoria: Okay, so what happens is just to make up numbers they spin your post out to far-flung
countries around the world. They'll show your post to people who are in cheap markets. So they don't
want to take up prime news feed activity with your promotive posting good markets, and people paying
bigger money for. So they'll show it but it might be the people who are less likely to be interested in
what you're talking about.
Travis: Yeah, that's why we have so many Russian followers.
Victoria: Yes.
Sandra: That make sense, I couldn't figure that out.
Victoria: Yeah, it goes off to cheap markets, or, you'll find a lot of them. So it's best if you are going to
do promotive post, just stick the people who already like your page, because at least you know that
those people have already raised their hand and want to hear from you. And then you know that they
can only show it to that amount of people anyway, otherwise you're just using up, like, they are showing
your post, they're showing it to people who are less likely to be engaged with it.
Sandra: Wow.
Victoria: So you can do a different version of that which is page post ad where you're going to ads
manager and promote the page poster, there's a button in the--if you select your Facebook page as the
destination, and then you scroll down you'll see in the middle that says, promote page post. You select
that and you can choose any one of your recent posts, and you can actually target it to your current
fans or friends of fans, but you can specify where those friends of fans are and what things they're in to.
Sandra: Oh, makes more sense.
Victoria: Or you could just target it to people who aren't even friends of yours--or fans of your page yet.
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Travis: Right.
Victoria: So you can do a lot more with the targeting. The reason promotive post exist and the best
benefit of them are is that they are relatively cheap and they go directly into people's new feeds, so I do
like that part of it. But the part that I don't like is that Facebook really design that for people who don't
know how to use Facebook ads or were intimidated by Facebook ads. So, it's definitely increase their
market and got them more revenue, but it's not necessarily the best product. People think it is because
it's so much easier and they hadn't used ad's before, they're like, "Oh, wow this great, I'm getting so
much more interaction on my page." Yeah, of course you are, more people will seeing your post, it's
that actually is just the tip of the iceberg to what you can do with real ads.
Travis: Right, well I'm going to let you take that over, are you okay that?
Sandra: Now, here's the question Victoria, not everybody can take you up on you. For somebody who's
now heard this conversation is super excited about Facebook ads who wants to jump in, besides just
listening to our hour together, how can they get educated as far as who to pick? And how to proceed,
like what kind of questions should they be asking, what should they avoid. I see that you have a cheat
sheet on your website Marveo.com, is that education for people?
Victoria: Yes, that's just giving people an idea of the thing that they need to pay attention to when
they're starting their own campaign. I also have online training program, sell more with Facebook ads if
people do want to do it themselves or learn a little bit more, that's on my website as well. And that's
super cheap. And then they get an opportunity to go into a Facebook group and ask questions. So this
all for people who want to do it themselves, if they don't want to do it themselves, then they need to just
make sure that they've got a good fit with the person who's going to do the service obviously, you want
to have a rapport. Secondly then, you want to make sure that their experience that they understand the
platform and that they understand your goals for your product or service. So you want to make sure that
they get what your product or your service is about otherwise they're going to have real trouble
promoting it. And I think it's just the normal ways of doing business, just communicating clear
objectives, and you can pretty much ascertain whether someone knows what they're doing when you
have an initial chat with them and ask them a few pointed questions. And you might want to ask them if
they do it themselves or they're outsourcing it to a team of people, how often that they believe you
should change up campaigns, things like that. What sort of cost per lead do they expect to get for you
based on the market that you're in, things like that, will give you a pretty good indication.
Sandra: This is definitely an episode that I'll be listening to again, and I'm sure others will. And I really
like that you offer the training for people, because even to pay somebody to do it for you, I think to give
people as much education of the whole world of Facebook ads, to that it's understood within our minds
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that we'll know what kind of questions to ask, so thank you for that. And why do you call your business
Marveo?
Victoria: Oh, Marveo, okay, so I needed a--my business used to be called FB Ad Queen, I'm a consult-
-being very specific and was very much tied-in my personality and it was very pink, and it's still pink, I
love pink, very girly and like that, I know it's not exactly always the most professional thing but I love it,
so...
Travis: No, I like it.
Victoria: I think it' always about exuding the type of person you are and I think people get a sense of
what I'm like before they deal with me. But I then had Facebook in the name and obviously I had
trademark issues, not that they had ever said anything but it's just not advisable. And also I knew that I
don't want to be doing Facebook ads forever so I want to have a business that can evolve with my
aspirations and different things that I had as I grow. So it was more about creating a business that can
evolve with me and I wanted a short domain and there's not that many available anymore. So I was
trying to find a 5-letter domain, I couldn't really find a good one, so then I went to six, and then I was
like, "Okay, I've just played around with a few different words, one or two include marketing, marvelous,
my daughter's name is Emilia and Eva, and then there's me whose Victoria so it was about including
their initials in there too. That was really how I came to the decision.
Travis: Interesting.
Sandra: It sounds good because it's like Marveo, marvelous.
Travis: Marvelous.
Victoria: Most people don't know how to say it, they're like, "What does that mean, what is that?" They
can't even say it. A lot of Americans say Marveyo so I'm thinking of calling it Marveyo when I go to the
US because it must be the use of Spanish over there...
Sandra: Very chic, Marveyo.
Victoria: That's how it came about, it doesn't actually mean anything.
Travis: Cool.
Sandra: It's perfect, and it means everything because you certainly know your business, you are so
kind and easy to listen to, and I so appreciate you, we both do, taking the time to spend with us today.
Victoria: Oh, wow, thank you.
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Sandra: Super fun, a whole new door just opened up for me that I didn't know existed. So very
powering to people to know that there's more resources available to really get to your target customers,
so thanks.
Victoria: That's my pleasure, it's been great, thanks for being so enthusiastic about my knowledge, I
love it.
Travis: Yeah.
Victoria: .Thank you.
Travis: Don't run her off too soon Sandra, we've got some more questions for her.
Sandra: I...
Victoria: Oh, I thought that was it, you were wrapping me up.
Travis: No.
Sandra: We’re excited for the lightning round, so you have to just be on the edge of your seat for this
next part.
Travis: Are you setting down Victoria?
Victoria: I am most certainly am.
Travis: Okay. Alright so...
Victoria: Right now?
Travis: All right. What book or program made an impact on you related to business that you'd
recommend, and it doesn't have to be just one, you can give us a couple if you'd like.
Victoria: Okay. I think the thing that was pivotal to my online success, like I said I sort of started off with
this travel website and remodeling along, not knowing a lot, but knowing that I needed to learn a lot.
And I came across a Marie Forleo who is an online business coach for women, and she has a program
that's called, Rich, Happy & Hot-B School, and it's an online program for women entrepreneurs who
want to start their own online business, or have an online business and want to do it better. So I did that
about when I first kicked off, so nearly 3 years ago, I think this is the fourth issue, she's ran out. She
just recently launched it. And that was a total game changer for me and open my eyes on some of the
elements to be successful online and creating your own personal brand, and connecting with your
customers and all that kind of good stuff. Tried getting a list, an email list of people and making sure
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that you broadcast to them and give them lots and lots of value. So that sort of changed my whole
paradigm really in terms of online marketing and the moving on from that, I did work with her a bit more
closely and that was really important as well. So I would definitely recommend her program for anyone.
It's mainly, it’s very girly, so, you know, guys do, do it but it's a lot more women.
Travis: With the hot part, I kind of figured that.
Victoria: Yeah, it's like we're trapping hot, who doesn't want that? Even if you're a guy or a girl really.
Travis: True.
Victoria: So, it's pretty sort of sassy branding but she's amazing and she's definitely been instrumental
in my success. Then I guess the two books that I read when I started off in online as well, or that I
would definitely recommend and speak to me, Tribes by Seth Godin, and just that's about that power
that sort of connection and community that you talked about before which I'm sure you're familiar with,
and Rework by Jason Fried, I love that book, I think that's an awesome book. So that just talks about
approaching business differently and talking as corporate refugee, like that turned my whole perception
of everything on its head, like how you hold meetings, how to run your business like it was just so
nimble and clean and smart, and it was so different to the corporate world that it just totally motivated
me to think I want to create something like this.
Travis: Right.
Victoria: So yeah, they're the sort of 3 big things that I would recommend.
Travis: Now Marie is--isn't she the one that Evan promotes quite a bit?
Victoria: Yeah, so Evan again, she did a lot of training with him and their friends, so yeah, he's
promoting her before, yes.
Travis: Yeah, and the author of Rework, I just finished the audio of that, I really loved it, and he is the
co-creator of Basecamp, which is pretty incredible.
Victoria: Yeah. So that 37 signals which I use and absolutely love. The capabilities of it are brilliant, we
probably know and we’ve using anywhere near as much as we should, and for someone who hates a
system, that’s me. I had lots of creativity, it's good, otherwise everything's in my head and worthless
who I work with, it's trying to decode what's going on in my head half the time. She can go in there and
see certain things and we can map stuff out, I really love it, especially the new version, it's great.
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Travis: Yeah. So listen, that segways us into the next question is what's your favorite tool or piece of
technology that you've recently discovered, it doesn't have to be new but new to you maybe, that you'd
recommend to other business owners and why.
Victoria: Okay--and thinking about this, there's not anything that's really super new. There's things that
I love like technology that I use, that I love and Basecamp's one of them, and things like fresh books I
think is just awesome, because invoicing is boring and annoying, and to have a system that makes it so
intuitive and easy, I love anything that makes my life easier. So with my entrepreneurial ADD, there's a
new thing every day that I love and I was thinking, what better told that's really important, I couldn't
really think of anything and I just had to not--but it's recent and not those revolutionary but a lot
businesses aren't using it and it's Facebook. Facebook is definitely a tool that all businesses should be
using it, if you don't have a business page, go and create one because it's free and just get used to the
platform and used to promoting your business on there and connecting with your customers on there. I
don't think there's any more important tool that businesses should be using right now than Facebook.
Travis: And it's changing so much that it almost is a new tool with all the changes that--I hear that
they're adding a really cool search feature to it soon.
Victoria: Yes, graph search which--they're trying to compete with Google a bit and so we'll show you
businesses that your friends have been to when you're searching for businesses and their current
search functionality or the full graph search it's really average. You'll know that when you try and search
for anything on Facebook, even a person that you know, it's very difficult. So they had been really
working on that, it has been definitely one of the weaknesses. But from a local business perspective
this becomes a good kind of competitor to Google Places and the like, so...
Travis: Yeah, that's got to be scaring them because for obvious reasons. Okay, great recommendation
on that. What famous quote or I guess it really doesn't have to be famous, but what quote best
summarizes your belief or your attitude in business?
Victoria: I think in making the transition from corporate to solo-preneur or online entrepreneur, for me I
can't ever go past Seth Godin's quotes and there's one that I quite like which is, "It's clearly more fun to
make the rules than to follow them." And that's how I live my life pretty much, I don't really like being
told what to do that's why being an entrepreneur is perfect for me and I can live and die by my own
sword or whatever that saying is. But that's how I like to live and I like to have an idea and put it into
place and sometimes those ideas don't work but I like the opportunity to be out and just go ahead and
do it, so I think that that's definitely resonates with me and it describes my attitude.
Travis: Boy, I second that.
Sandra: That's great.
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Travis: Hey, one quick thing, and I didn't prep you for this but what do you dream of?
Victoria: I dream of a life of freedom, that doesn't mean not doing any work because I do like working
but a life where I can cherry pick the very best people to work with and surround myself with. I can
provide my girls with amazing opportunities that are rich in life and connections and see more of the
world, fall in love again, things like that. That's what I dream of, the choices that come with, I guess, not
only business success but success in life and making a difference for people and adding values. So
that's what I dream of.
Travis: I like it, we're going to help you with some of that, we're going to work together, you're going to
help us and we're going to help you with some of it.
Victoria: Just joking now. Now you'll have to edit that out.
Sandra: No editing.
Travis: No. So how do people connect with you, I know that Sandra already said it so how do people
connect with you?
Victoria: Okay, the best place to find me is my website Marveo.com, M-A-R-V-E-O.com. You can find
out everything about me there, or if you're on Facebook just put in your browser, FB.com/wearemarveo
and then you can find my Facebook page, send me a message there as well.
Travis: Wonderful. I want to thank you for coming on the show, we've really enjoyed it, you're a lot of
fun too.
Sandra: It's been great.
Victoria: Oh good.
Travis: I'm going to start wrapping up; can you hang out with us for a couple of minutes?
Victoria: Yes.
Travis: Wonderful. So listen, I want to remind you that you can find all the links to the books and the
resources mentioned in this show in the show notes, so just go to DIYOB.com that fits your 5 letters
that you were looking for there Victoria. So Diamonds in Your Own Backyard, that's what it's short for is
Diamonds in Your Own Backyard. So it's DIYOB.com, also while you're there enter your name and we'll
send you the 2013 Business Owner's Guide to a profitable million dollar business. It's a candid, behind
the scenes look at what you need to know to grow your business to incredible levels of success.
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Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 23 of 24
What I'll tell you in the guide is critical to your success and it's something that really no one's talking
about because many of these issues are not in their best interest financially, I believe. In the guide,
we'll cover the 5 trends that are affecting every small business today beyond the obvious slow
economy, 5 things that you should know before hiring anyone to handle your marketing, 6 marketing
rip-offs that are costing you a fortune, the 5 skills that will determine the success of your business over
the next 18 months, and a lot, lot more information that will help you take your business to that next
level.
Today, I want to close the show with a quote from Henry Ford, and the quote reads, "You can't build a
reputation on what you're going to do." Now I really like this quote because it's a great reminder of the
importance of staying in action, right Sandra?
Sandra: Absolutely.
Travis: So this is Travis Lane Jenkins signing off for now. Do you want to say goodbye Sandra?
Sandra: I'm tempted to say, “Goodbye Sandra” but thank you Victoria, thank you to our wonderful
listener, and thank you Travis. What a wonderful, wonderful place to get so many tools built for us and
for our listeners, so thanks for joining us.
Travis: Yes. Victoria, you want to say goodbye?
Victoria: Yeah, I do. Thanks for having me, it was fun and hope people got some value out of our chat
today and bye.
End of Interview
Travis: All right, well hang on the line. So listen, to your incredible success, may you inspire those
around you to go after their dreams too. Take care.
THE ENTREPRENEUR’S RADIO SHOW
Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business
Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 24 of 24
How We Can Help You
We know that finding someone that you can trust online today is hard and that so many “so called
gurus” are self-‐appointed and have never really even done what they teach you to do. That’s exactly
why we created the Double Your Profits Business Accelerator. This is an exclusive offer for our fans at
a fraction of its normal cost.
Here's what to expect. We'll Schedule a 'One on One' private session, where we'll take the time to dive
deep into your business and tell you what is missing, so that you can have your best year ever!
We'll do this by performing a S.W.O.T. Analysis. This tells us your Strengths, Weaknesses,
Opportunities and Threats within your business.
This will be an eye opener for YOU, for several reasons, however some of the most common reasons
are.
As the 'Business Owner' it’s difficult to see the big picture of your own business because you’re in the
middle of a daily management.
And you are too emotionally involved to completely impartial.
This is a common problem for EVERY business owner. It doesn’t matter if you are a one-man army, or
an army of 150, the problem is still the same.
Travis Lane Jenkins
Business Mentor-Turn Around Specialist
Radio Host of The Entrepreneurs Radio Show
“Conversations with Self-made Millionaires and High-level Entrepreneurs That Grow Your Business"

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The Entrepreneurs Radio Show 051 Victoria Gibson

  • 1. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 1 of 24 EPISODE #51: VICTORIA GIBSON On this episode, Sandra and Travis had an informative chat with Facebook Ad guru and successful online entrepreneur Victoria Gibson. Victoria is one of the world's renowned Facebook marketing expert, which helps entrepreneurs reach their target market through social media, particularly in Facebook. Victoria shares valuable information to those entrepreneurs who need help with their marketing campaign and want to utilize the growing popularity of Facebook with online users and entrepreneurs alike. Travis, Sandra, and Victoria shares insights on various topics such as Facebook’s multi-layered targeting opportunities and how to utilize this in marketing your product. Also pointed out are the ways on how to create a strong online presence for you and your brand. Another valuable information talked about in this episode is the power of promotive post and how it can provide you with an economical and effective marketing tool. Entrepreneurs who want to use Facebook in promoting their business would surely gain valuable insights from Victoria in this episode. Victoria Gibson –Using Facebook ADs to Grow your business Travis: Hey, it's Travis Lane Jenkins. Sandra: And this is Sandra Champlain. Travis: Welcome to the Entrepreneur's Radio Show, episode number 51. Sandra: Wow, what are we doing today Travis? Travis: Well, we're visiting with Victoria Gibson, I'm super excited. Sandra: All the way from Australia, beautiful woman. Travis: Yes. Hey, before we get started I want to remind you to be sure and stay with us until the very end if you can. We like to share a little inspiration with you, and we'll also reveal who we're going to connect you with on the next episode. Right Sandra? Sandra: Oh, that's right.
  • 2. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 2 of 24 Travis: One quick reminder, Sandra's favorite reminder, is if you enjoy these free podcasts that we create for you, we'd really appreciate it if you'd go to DIYOB.com, which is short for what Sandra? Sandra: Diamonds in Your Own Backyard. Travis: Don't you forget it, and click on the iTunes icon, and then post a comment and rate the show. This would help us reach, instruct, and inspire more great entrepreneurs just like yourself with each and every guest we bring on, right? Sandra: Yeah, and a little bit about today. Victoria is a master at Facebook Ads, and so many of us business owners know we should be on Facebook, we should be on Facebook but wouldn't you like to know just how to best optimize your page, what Facebook Ads are all about and how you can use them for success in your own business, so let's talk to Victoria. Travis: Yeah, also interesting ways to target your most ideal prospect or customer, right. Sandra: Right. Travis: We come at this really from a variety of different angles, and then on top of Victoria being brilliant, she's lots of fun too. Right. Sandra: Let's go. Travis: So are you ready, do you think we've teased them with enough information that we should move forward, or..? Sandra: I think so. Let's get into the world of Facebook Ad. Travis: All right, so without further ado, welcome to the show Victoria. Victoria: High, thanks, it's great to be here. Travis: How are you? Victoria: I'm good, it's great. So I'm in your--I'm coming to you from your future. I'm a day ahead of you guys, I'm down in Australia which your listeners can probably tell by my accent. Travis: Yeah, you've traveled back in time to visit with us, that's very nice of you. Victoria: Yeah, I have exactly, I'll come back to you, so... Sandra: What part of Australia are you in?
  • 3. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 3 of 24 Victoria: I'm in Melbourne... Sandra: Okay. Victoria: Which is the second biggest city in Australia, so there's Sydney and Melbourne are kind of a two big cities here. Sandra: Yes. Travis: Cool. Hey Victoria, I know there's a lot of things that you can teach, I know that you're known as the Facebook Ad queen. But before we get into a lot of the things that you teach, can you give us a background story of how you got started in business? Victoria: Sure. I probably, I've heard this term recently and I think it's quite apt, which is I'm a bit of a corporate refugee. So I got a corporate marketing and management background, and was really looking for my own--to run my own--run and manage and start my own business just as a personal challenge, but also thinking that was much more aligned with the type of person I am. So, I knew I wanted to do something online because I like the idea of having the flexibility and not working for someone else and also not being tied to a specific place to go everyday either. So I’m having that kind of mobility. I just didn't really know what I wanted to start and what kind of business I wanted to start. So, when I first started I actually just set-up a website that was small, something that I was interested in and passionate about and that was--actually travel to India, which is very different to what I do now. Travis: That sounds cool. Victoria: It's all about, yeah, setting up travel to India and tours and experiences mainly for women travelling on their own. So as I try to set that up, I uncovered a lot more about the online marketing world and how to really market yourself online and connect with more people. And through that, although I'd been using social media personally, I hadn't been using as much from a business perspective. I knew about it from a corporate perspective a little bit but this was probably about three or so years ago so it wasn't quite as prolific as it is now and the more I uncovered about it the more I thought, "Wow, we used to spend so much money connecting with customers and try to inspire customers to purchase or visit and spend thousands and sometimes millions of dollars. And there seemed to be this platform that didn't cost that much at all and was particularly powerful. So the more I uncovered about that the more I started offering that on a consulting basis to some of my marketing clients that I had at the same time as well. And then just started to use that more and more and learn more about the ads, and I'm just not sure that I invested in the right teachers who already had businesses where they were consulting on these on Facebook and Facebook Ads, made sure I learned
  • 4. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 4 of 24 the right way and then started offering it to my clients and learning more about it and just setting up a website where I could share that information with people all over the world. So that became my business, and that's what it is now. Travis: Well, how long did it take for you to find success, was it like a straight up, were you successful immediately, or was it up and down, or--kind of give me a feel for that. Victoria: I've steadily grown since starting so as I mentioned before. So I started this business in April-- let me just work out what year we're in. Probably about April 2011, I think, so 2 years ago, and I had--so I started at then with kind of my first client, my first success as well. So I did a lot of testing with my own money promoting other people's products and offers just to get a feel of the platform and understand what works and what didn't, and some of those campaigns were very successful, it was like, "Wow, this is a really good opportunity I'd like to offer it to clients," and then moved into that. And yeah, obviously there's a lot of convincing people, every client I got there was three that I didn't. And that really, I guess a factor of, some people weren't ready at that time, particularly in the Australian market. I think that's why I have so any American clients that is a little bit more ahead of the curve in terms of social media and social media for business. So, Americans seem to be a lot more receptive although that seems-- the tide seems to have turned over the last 6 months, I think it seems to--there's the tipping point, even though obviously social media type up in people's awareness is there but in terms of businesses knowing that they need to be on the platform. I think over the last 6 months it's definitely, that's tipped and most businesses say the value and why they need to be on there. They still don't necessarily know how to or what they should be talking about on there, but I think there's definitely a change that people all are, "Oh yeah, Facebook, I know I need to be on that, but it's just--I don't know what to do," and I guess that's where I come in. Travis: Well, you know what's interesting and you may already know this but there's not a whole lot of people that specialize in kind of the done-for-you type aspect of Facebook. Are you aware of that? Victoria: Yes, absolutely. There are people out there but there's probably not people that make themselves very easy to find, so there's a lot of agencies, maybe a bias, and people like that, but then probably not people who are only doing Facebook Ads done for you or Facebook marketing campaign management. So, a lot of... Travis: That's really kind of surprising. Victoria: It is and it isn't. To me, it is in general but to me, it is quite a detailed and intensive kind of service to offer. And when I tried to teach it to other people, people don't learn it very easily and a lot of people come up against things not working and they try and apply, maybe they've done Google campaigns before which are all about search and that's where you're trying to put a product in front of
  • 5. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 5 of 24 someone who's already ready, almost got the intention to buy. Whereas Facebook, it's different, Facebook's about creating connections and playing to people's impulses, understanding how they live and what's in their hearts and minds, and then connecting that to your product or service. So that's more of an intuitive process in many ways and that--you know, I'm obsessive about people's purchasing preferences and what brands they like and what brands that connect to them, why, and how that works with their lifestyle, and understanding that sort of element. And a lot of people don't approach it that way, they approach it in a very, kind of linear way, like, okay, if we've got a program--so we're selling bikes, then we're just going to put in bikes in the targeting. But Facebook actually come up with such multi-layered targeting opportunities for people that--I don't think are available in any other media, I don't think that Facebook's way that they've tapped in to everybody's way they live their life, what they comment on, what they're saying to their friends, actually hopping into other people's conversations. And mining that information for you as an advertiser to tap into. Now to me that's incredibly powerful, and that's something that you need to understand when you're going to put your product or service on Facebook to get the most out of it. And it's generally the reason most people don't do well is that they don't understand how people use Facebook and the power of Facebook from advertiser's perspective. Travis: Right. I have a couple of things on that. I think most business owners shouldn't focus on learning how to do it, I think they should focus on growing their business and managing, working on their business, not in their business, and then hire experts to grow that because the rabbit hole goes very deep on this things. And.. Victoria: I heard.. Travis: ..I believe that Facebook is going back to the 50's and 60's way, attitude of kind of front porch community relationship type thing, with the exception of your front porch can reach to the other side of the world. Victoria: Yes, absolutely, I agree. Travis: Does that sound silly? Victoria: No, that's kind of what I'm--that is the benefit of a medium like this, it's connecting people in a way that sounds trite but it's connecting people in a way that's just never been done before. It's so easy and it's so--you know in your own personal Facebook how you reconnect with people that you haven't seen for a long time and some people don't like that part of it, but I think that's a great part, you don't have to go on actually, go to their house and have a party to know what they're doing and see what their kids are up to. You can do that pretty instantly, but without losing any of the real connection that's
  • 6. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 6 of 24 there, you’re still feeling and knowing how they're living and what they're doing, and I think that that's really important. But as a business owner, you can't see everyone face to face anymore. So how exciting, like most of my business is in the US, and to get to New York it takes me about 23 hours on a plane to get there. I can't go to New York and see those people, and in fact my team like my key team member lives in New York. So, how great is that that I can have a business that has somebody who lives in New York, working with me. Clients from anywhere from Texas to France to down here in Australia, but I don't have to see those people face to face. It's pretty powerful way of doing business, this whole online game which is great, and what you’re saying before, I didn't really answer your question which I'm just reflecting upon now but that whether--did I have an instant success. I've steadily grown, like I've more than doubled my business each year, and sometimes it's been month to month I've doubled my business, which has been great, and that trajectory's really based on the fact that I've made sure I have got a strong online presence. So when you said there's not that many people doing it, I believe there actually are a lot of people doing it but there's not a lot of people who understand how to create a good, strong online presence. And I've learned from some really good people on how to do that, and I think that, that has definitely helped me. So there's been no looking back since I started the Facebook Ads, business, and Facebook marketing, it's just been a constant evolution and it's growing really, really strongly. So it's worked for me. Travis: What do you..? Sandra: What do you..? Oh, sorry Travis. Travis: No, go ahead, jump in Sandra. Sandra: Well, I'm just listening and you just seem so regular, nice, smart, just--you're wonderful, and there's something different about you that I can't quite put my finger on it that, it was 2 years ago that you started, you just keep plugging away, you're successful. I don't know if you can describe maybe your values or attributes. There's something a little bit more caring about you, a little bit more--I don't know, I'm not exactly sure how to phrase the question but it seems to me... Travis: Are you asking what has she dialed in or what do you..? Sandra: No, there's something--maybe this is the question. What gives you passion about this that makes it successful for you, or what is fun about it that keeps you so intrigued that you are successful and you are the person that people are coming to, that you do standout? Victoria: Well I think, I'm a dedicated extrovert so I love dealing with people. So just being hold up in--I mean I do work from home largely I have an office but I never really go in there because I like working
  • 7. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 7 of 24 from home. But I don't get lonely because I'm connecting with people a lot, but I do notice when I go on physically connected is it is a different level and I do like that so I will go and say I do have clients in Melbourne. I'll go and see them or I have other online entrepreneurs that, I know, like last week I went to Sydney to go and connect with some of those people. And then I'm happy, I'm at my best when I'm connecting with people but I'm also at my best when I'm helping people. Sandra: Right, that's it. Victoria: And it's probably like a selfish but unfortunately, I'm not one of those people who's like, "Right. So, I'm going to go and help someone for free and go change the world and do" I definitely, I'm open to doing that but I don't do that so I can't really say, "Oh wow, I'm just so altruistic." I think it's more a selfish thing that I want people to go, "Oh wow, you know how to that. Can you help me do that? That's great." So it's probably more like a selfish perspective like that I love, having knowledge and showing people how to use that for their own success, like that. Travis: No, Victoria, that's what you're describing is Capitalism. I mean we're all capitalist, even the people listening, all of our wonderful listeners are capitalists. So it's not selfish at all. I'm talking about hiring you for our show, so that's how well known and how highly recommended you are. So, to say that--I know that that's kind of dangerous to ask someone what their key to success is because it can come off almost like you're bragging about yourself but you've got a great reputation for showing up, doing a great job, and just being incredible in what you do. And so I think she's just trying to get to the underbelly of how you've had such incredible success in such a short amount of time. The name of the show or the subtitle is Diamonds in Your Own Backyard, we're re-branding it to The Entrepreneurs Radio Show: Diamonds in Your Own Backyard, and that really come from the story of acres and acres of diamonds to where ultimately, almost all of us business owners have experienced incredible levels of failure, where we've really come close to considering giving up. And actually, that was the turning point that made our lives and our business incredible. Did you have any of those during the short time that you started maybe your travel thing, in transition to this, did you have any failures like that? Victoria: I mean obviously in doing the travel thing, it wasn't like it was a failure but it was more a learning experience that I didn't really think through. I was so desperate to just do something different that I didn't really thing through, "Okay, so what's this going to look like, and in my day to day, like how-- I'd worked out a business model and I'm all for business planning and creating those kind of elements. But it was a matter of--it got to the point where when I worked with a business coach and they were like, "Okay, so about this travel thing, what..." I don't know, they said to me they didn't know a lot about travels so please fill them in. And I just said to them, "I don't really like booking people's travel." Like that was never something that I did or was good at, I wasn't really working in with my skill base. So that was an example and I see that a lot with some entrepreneurs who are starting their own online businesses. They're starting a business based on an idea that they are interested in and that they're
  • 8. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 8 of 24 passionate about but actually don't have a skill base or experiencing, and it's kind of--I think that that's where you can lose momentum. I'm all for people being open to changing and learning something new and doing something--jumping out of their proverbial box, or doing something out of the box. But it's like, you've also got to be true to what, where your school base is, and even if you want to transition from corporate to online, it's best to do that using the skills that made you really good in corporate. It's obviously a brand's good at what they have done even if they don't like their job anymore. So it's like, okay, one of those skills that you can take, that you can transition to something that people want to pay for. And I guess to have back to what you mentioned before that there's not as many people doing Facebook ads, one of the keys to my success is being very specific about my proposition, not saying okay, well--and actually a business coach had said to me, "Oh, you should be a social media consultant." Well, that just didn't sit very well with me because, A, I didn't feel like I was a social media expert, not just from a lack of confidence perspective but I don't like doing things that I don't know inside out. And there was just so much to know and feel proficient in that I didn't feel comfortable selling myself as that and I also didn't feel many people knew how to hire me based on that, whereas if I said, "Do you know what, I can develop and manage your Facebook ad campaigns or go in and tweak what you're doing in a coaching session", people knew how to hire me or knew what I could do for them. So I think that's one of the best opportunities and helped me overcome that failure of jumping into a business that really, I was never--the actual day-to-day I didn't want to do. Like I still love the idea, I still think it's a good idea, it's just that commercially it's not going to be bringing me as much as my current business and I'm not going to enjoy the day-to-day as much. Travis: Right. How much does psychology play in to the behind the scene strategy of Facebook for you? Victoria: Well, as I said before it is about customer behavior and how people's hearts and minds. So to me that is about the psychology of how people were using Facebook, so what I love about Facebook is the engagement and the frequency, so, unbelievably high levels of engagement. Most people are checking Facebook when they wake up, they pick up their phone next to their bed and hop straight on to Facebook, like that's engagement. It may not be in good level, it may not be a great thing for people to be doing, I'm not saying that but to me it that sort of speaks volumes about how people are using the platform, like that's dedication and engagement, and from an advertisers perspective that's like, hang on a minute. People are looking, they're searching for something, they're searching to actually be interrupted, or entertained, or connected with because they're trying to switch off from their day to day and they're probably not being as engaged with their own life as they should be, but that represents an opportunity for an advertiser to hop in there and present something to them and hopefully start a different type of connection. So, I'm not saying that's going to change the world or it's ultra-valuable from a human perspective but you definitely need to be aware of how people are interacting with the platform, the type of target audience you need to go after and how they're living. So get right into their
  • 9. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 9 of 24 minds and be thinking, where are they living, what kind of house that they're living in, what brands really turn them on, what other elements turn them off, or what things that they definitely not going to engaged with or knowing that you can't be as generic and black and white as just going after a female who is 35+ living in Texas. Your market is going to be a lot more specific than that and Facebook allows you to be more specific. So, it's really a question of getting into their hearts and minds and understanding those people who've already bought from you. Or if you're a new product or service, those people who are going to and really profiling them almost in a bit of a weird stock away and getting on Facebook profiles. So what I'll do when I get new clients, if I'm not as familiar with the market then I'll--and I do this anyway, but sometimes I really need to deep dive into it because I don't understand the market, like I just got a client who teaches hypnosis. Well, I've never learned hypnosis and I don't particularly want to, so that's not something that I can really relate to, I'm not judging it's just I don't know anything about it. So that was like an exercise and just uncovering, like going on the web like, not just Facebook, but going on the web and understanding, "Okay, who are these people, where would I find them, what kind of books do they read, what sort of movies would they watch, what celebrities are they in to, where do they hang-out, who are these people. So, it's a matter of--so that to me is really going into the psychology of the uses on Facebook and how we can best target them. Travis: Right. I think one of the reasons why Facebook is so hard for a lot of people is, is all the different moving parts. I believe that a lot of people view it as ads and maybe two levels deep, and I see it as many, many levels deep and each step is a place for optimization, whether it's the landing page, whether it's the copy, whether it's the targeting, whether it's the ad, whether it's--right? Victoria: Yes, and they all kind of have to line-up to work. Travis: Right. Or you end up attracting people for the wrong reason once they get to a certain part. It's kind of building a funnel 101, although there's a lot of people that really don't even understand the process of building a funnel from beginning to end, do you agree with that? Victoria: Absolutely. I was just talking about this last week with one of the girls I caught up with in Sydney who has worked for one of the biggest online marketing companies in the world who are brilliant at creating, and testing, and optimizing sales funnels. Now she works on her own as a consultant and I bring her on with some of my clients who haven't set-up a sales funnel. And because that makes my job so much easier because the thing is, I can bring the knowledge and to make sure that we're bringing a sea of targeted leads to a business. But if that business does not know how to convert those leads then it's just useless, and it's money down the drain and there's nothing I can really do about that. Like I can say to you, "These are types of people who are going to be best for your service but if your page sucks then the campaign's not going to work." So I need that to happen and it's very important, so you're right, there's a lot of building blocks going to a successful campaign. And as I've gone deeper into my business and got a lot more experience I understand a lot more about what
  • 10. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 10 of 24 works, what doesn't and what needs to be there. And that also fits into a lot of client selection elements that would apply to people who are listening to their own business, understanding who are the best types of people for your service or your products, and your product or service isn't for everybody, and that's okay. I think there's a temptation when you first start to take on every client because you just want to make money and you want to make sure that you can eat next week, but then it becomes a point where--of saying, "Okay, these types of people are not ideal clients for me.", and being happy to just say, "Look, this isn't a good fit, let's not go down this path, this isn't going to work.", because you'll be working 10 times harder and you won't enjoy it and you're not going to get them the results that they're looking for so there's no point really even starting. Travis: Right. Well, another interesting thing is there's no one person seems to be handling the entire piece. And I have a high level of business acumen so I know that but most people don't even know that, right. Victoria: Yeah, and they're not doing funnel as well, and they're not pulling it all together, and there's the ability to really set-up a perpetual sales funnel on Facebook if you get those elements right. One of the other sort of layers to know about Facebook as well is that it needs to constantly change and be fresh, whether that be in the look and feel of the ads, the look and feel of your message, or the targeting. So it's fine to keep things that work and test and understand, "Okay, this is going to work on Facebook, like this step to this step, this creative to this link to this page to this conversion works well," but what's working this week may not work well in two weeks time. So it's a bit of a constant evolution and understanding how to be nimble with the advertising and it is a lot cheaper to create, so then that means you need to be creating a lot more. And I think that's also why people try Facebook ads themselves and drop-off is that it might work for a bit and then it stops working and they don't know how to fix it, or it never works from the beginning because they don't understand the full power of the platform and how to target effectively, or they get somebody else to do it who doesn't really understand that either and then they think, "Oh, cool, we got some great results in the beginning but then it just painted off and I don't know why. Travis: Right. Victoria: So that's pretty much most people's experiences. Travis: Jump in Sandra. Sandra: Yeah, Victoria I was thinking two things, one, could you explain a little bit, how in depth people can go in their Facebook advertising, like what kind of people that you can pick out, not just man, woman, Australia, Texas. So if you could speak a little bit about that and then also I had the experience of visiting somebody's website and spent a little time there and it seems like every time I'm on
  • 11. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 11 of 24 Facebook, his is the only ad that pops up and he's stalking me everywhere, and it's actually somebody I like but what the heck is that about and how can we as advertisers use something like that because that's brilliant. Victoria: It's pretty... Sandra: I ended up buying his product because there he was everywhere, and it's a good one. Victoria: Let me talk about just in that question actually because I almost want to write a note to myself to talk about another element about ads and frequency and that there's been proven as well that most purchases don't actually even click on the ad, there's something about the awareness and how powerful that becomes that you become comfortable with knowing what that person's about and an element of trust happens without you even clicking on the ad. So, I think that's a bit of a transference of trust of using the Facebook platform, but also just that frequency and awareness and something about that, that's why people pay a lot of money for billboards. You don't know who's clicking on the billboard or who is actually taking action from a billboard, but you know that there is some element about awareness and keeping in top of mind in people's awareness and how important that is. People always talk about, "Oh, there's no way to track Facebookers, blah blah...", well there's no way to track a billboard, how do you know what that's really doing with your sales? So Facebook's a lot more trackable than that and it's a lot more measurable I should say, and you can track it too. So, back to your question, looking at how to target. I could for example, I had a fashion blog that say, talked about everything that's new for younger women, say they're like women in their 20's and I've got, it's like cutting edge of fashion and I have membership site on there or something, or I sell products on there or whatever it is, or maybe I'm just online fashion store. I'm just totally winging it here so work with me. Travis: Right. Sandra: No problem. Victoria: Okay, as you can tell, I've been changing it 3 times. So, say I'm an online fashion store, I'm selling high fashion to 20 somethings, so that's my proposition, that's my online business. How am I going to target those people. Well now I've got an idea of--okay, I always knew I was going to be targeting women who are 22 to 28, internationally who perhaps are working in the creative industry, they take their fashion very seriously. They're not big as by purchases of luxury, fashion but they appreciate luxury, fashion, and they might own a couple of signature pieces, but generally they're putting their wardrobes together based on what they're seeing that's in high fashion and making it that it express who they are personally but also following a lot of what the celebs are doing and what's in the magazines. So I know that in a broad sense.
  • 12. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 12 of 24 So now, when I go to target, I want to get drill down what brands do they like. So that's got to obviously then have some synergy with the brands that I'm stalking in an online store, but it may have be some of those luxury brands that--there's a lot of people who love luxury brands that don't actually never ever even purchase something from a luxury brand. And those Facebook pages like Channel and Von Von, and Burberry, and Gucci, they all have massive Facebook page followings. So they might be the type of people I'm looking for, so they might be, okay, when I'm thinking luxury brands I can look on the web but then I can also go on to Facebook and understand who's got a Facebook page presence on there, and which ones are sort of in line with the type of woman that I'm going for. But it might just not be, I don't then have to stick to clothing, I can also stick to movies or TV shows. So maybe I know what the most, kind of the breakout success, reality shows for 20 something women this season. Maybe it's a smaller MTV show or cable like maybe it's something on HBO that's got a big following, so I can start to profile--this is like what I was talking about before, like what kind of TV programs they're watching, what's on the iTunes on this bona fide playlist. Music can be a bit of a-- it's good for some categories but not for others because you'll generally find that hot, popular music acts have massive followings, so it's very hard to get specific. You want to keep your target audience sort of around below 200,000 if you can because the more specific you get the more likely your ad is going to connect with your market and you'll pay less because Facebook will reward you for having ads that are popular. So it's all those things taking into account. Then you might think, "Okay, I only really want single girls, I don't want girls who are married or got any kids even if they're in their 20's because they probably not going to have the disposable income to buy fashion. So maybe I want to target single girls because I know they can be motivated, they can be going out most weekends and wanting new looks." So, it's thinking about things in that sort of way that I can start to think about books, magazines, make- up brands, all the brands that go into making their life the way it is, and then popping those into different segments on Facebook. So I might not put them all together in one campaign, I might try different things so I might try this ad and target cosmetic brands in one campaign. Then another campaign I might just target luxury brands, another campaign I might target a high street fashion or just everyday fashion. And then just see where it resonates best and that's going to allow me to then work out what ads are the cheapest and which ones are working most effectively. The second part about that is that the less common these targeting terms are used, the cheaper the ads become, because you pay on a cost per click basis, and it's competitive, so it's based on, it's a higher price for more people targeting the market that you're looking to target. So if you do more of your research that other people aren't prepared to do you'll find a lot of good, high quality targeting terms in the precise interest that are not being targeted by other people, so therefore, you should be able to get your ads, 10-20 cents a click which the average is about a dollar.
  • 13. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 13 of 24 And that's not possible in every market because there's a lot of more competitive markets than not, but that's what's possible. So that's how I approach the targeting, When you go back to talking about the frequency and the advertising knowing about you, that's where you can use the power of making sure you have a good Facebook page, and if you've liked that Facebook page and then also visited the Facebook page a couple of times, or commented on a couple of posts, then Facebook will make sure the ad is served up to you more because they deem it in their algorithm, the algorithm deems that you are most wanting to see things from that brand because you visited there. So there's also other ways that they might be serving ads to you which means you see it all the time and that is also, a thing called re-targeting. So if you've been to their website a few times, the ad can then be shown to website visitors only. And also, there's a thing called custom audiences where if you've got an email list of people you can upload their email list onto Facebook and only show ads to those people. Sandra: Wow. Victoria: Yeah. So it's pretty sophisticated in that regard. Sandra: There's a whole world that I think most people don't realize is going on in Facebook behind the scenes. Victoria: Yeah, well, and also like Travis said, they're not going to have the time, like imagine a regular business owner, like I don't have the time to do lots of things in my business that aren't my core business. So I think that's a really good point about outsourcing to people who do know because they're going to have a much better knowledge and they're going to save you money in the long run anyway and the best thing is they'll save you time which is even better. Travis: And the lost opportunity cost a lot of people. So you could spend 3 months, $2,000 on ads, paying too much for the ads and never get the ads to work. Where you could've handed that off. Let's say you spend $5,000, you could've handed that off to someone and you would pay them a fee but they could've dialed that in, got all of the cost per click down and actually started transitioning this into a viable source for leads, right. Victoria: Absolutely. Travis: So that lost opportunity cost is--you go 3 months, you spend this money, you give up on it, where those 3 months you could've brought it an extra 30, 40, 50 leads, and whatever your closing rate is for those 50 leads. Do the math, take your average sale, your closing rate, and there's your lost opportunity cost, right.
  • 14. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 14 of 24 Victoria: Yeah, absolutely. It's pretty easy to make-up or to justify an expert's phase when you look at it in that way. Travis: Yeah. Now, I can see where the using this strategy for like our show, jeez, the potential is just, from my mind, almost, maybe not endless but it's gigantic. Sandra: It's huge, yes. Travis: Whereas, how about like a local business. Do you feel like Facebook fits in for local businesses, and that they could really use that as a lead generation tool for them as well? Victoria: Absolutely, and I have several local business clients to so the best part about Facebook ads is that you can target down to zip code or suburb. So, you can apply that same targeting I was talking about before relevant to your business just by suburb, so sometimes with regard to that it might not even be getting too specific because sometimes you can get your market too small and then nobody sees your ads. If you, for example, were a dentist in a local area, you could just target to people at 25 plus who live in that zip code or within 10 miles of that zip code, and just show your ads. It's going to be a really low cost way to be displaying advertising to people in a local area. So you don't need quite as much of the targeting for some of that because otherwise it gets really, really low. So, yeah, definitely, it's very powerful for local businesses and it's great because it's low cost, and a lot of local businesses can't afford more expensive traditional media. Travis: Right. What do you feel like are the top 5 things that people need to know about using Facebook marketing? Victoria: Well, they have to know that--the targeting is probably the most important thing. The bidding and optimization is the second most important thing where to make sure that you're not paying too much, so understanding how the bidding system works, that you want to be paying cost per click and not cost per a thousand impressions because Facebook will just use up your budget based on what you allocate. Sometimes also, you have to bid a bit higher to get your ads shown, but if your ad is crafted the right way, you'd pay less anyway. So you rarely going to pay what they suggest you're going to pay. So a lot of people is kind of turned off by that as well. And you need to know that you set the daily budget anyway so as long as you make sure you're tracking it and knowing if it's working for you, you're never going to spend more than what you set out on a daily basis anyway. There is a bit of trial and error involved in testing and if you want to dive in and do it yourself then you need to be prepared that you're going to lose a little bit upfront because some things are going to work and some this aren't. That's true of most campaigns anyway, there'll be a little bit of testing involved that sometimes, we're just going to dip our toe into water and see, it's just a matter of being sort of measured with that.
  • 15. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 15 of 24 The other thing is images are vital on Facebook on all elements, so making sure you got nice, high quality images that represent your brand in the right way is really important. The other part is make sure you have a Facebook business page, it's really a great, free tool for your business. It can sit alongside your website, it can drive traffic to your website, and it's a great place to just have some really good dialogue with your potential and existing customers, and make sure you're updating that daily so that people are hearing from you and they're getting a mix of conversation and education, and value wherever possible. Travis: Right. Sandra: That's awesome. Travis: Well, you know I caught the thing, I do a lot of promotive post for the show and I notice that, now I was using the CPM where the one that you told me not to use. Victoria: Yeah. But I think promotive posting automatically does that anyway, if you do it straight off your page. Travis: Yeah. What was interesting is I notice that no matter how much I increase the budget I still got about the same amount of activity. And that made me really suspicious. Victoria: Right, yeah, okay. Travis: And so I noticed exactly what you said that if they didn't deliver me any more benefits when I increase the budget. Victoria: Yeah. Travis: And so I noticed that their algorithm was set-up just to take my money. Victoria: Yeah, absolutely. And... Sandra: What are you talking about Travis? For the promoted post that, and your... Travis: Yeah, so let me tell you what I found and you tell me what you think about this Victoria, okay? Victoria: Yeah. Travis: So I would promote a post for $30 and it automatically puts a 3-day timeline on that. Victoria: Right.
  • 16. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 16 of 24 Travis: And so, I noticed, I played around and I dropped it to 20 and I still had the same clicks and the same activity, very close. I dropped it to 10 and had close to the same, or actually about two-thirds, and so what I did is I'll put a $10 budget in, let it run for 3 days and then I'll add $10 again, let it run for three days, and then I'll put $10 in and let it run three days, and I got a whole lot more response that way. Victoria: Okay, yeah, well, what happens with promotive post and it depends, did you just select people who liked your page or did you select friends of people who like your page as well. Do you remember? Travis: Well, the last one, people will like my page and their friends. Victoria: Okay, so what happens is just to make up numbers they spin your post out to far-flung countries around the world. They'll show your post to people who are in cheap markets. So they don't want to take up prime news feed activity with your promotive posting good markets, and people paying bigger money for. So they'll show it but it might be the people who are less likely to be interested in what you're talking about. Travis: Yeah, that's why we have so many Russian followers. Victoria: Yes. Sandra: That make sense, I couldn't figure that out. Victoria: Yeah, it goes off to cheap markets, or, you'll find a lot of them. So it's best if you are going to do promotive post, just stick the people who already like your page, because at least you know that those people have already raised their hand and want to hear from you. And then you know that they can only show it to that amount of people anyway, otherwise you're just using up, like, they are showing your post, they're showing it to people who are less likely to be engaged with it. Sandra: Wow. Victoria: So you can do a different version of that which is page post ad where you're going to ads manager and promote the page poster, there's a button in the--if you select your Facebook page as the destination, and then you scroll down you'll see in the middle that says, promote page post. You select that and you can choose any one of your recent posts, and you can actually target it to your current fans or friends of fans, but you can specify where those friends of fans are and what things they're in to. Sandra: Oh, makes more sense. Victoria: Or you could just target it to people who aren't even friends of yours--or fans of your page yet.
  • 17. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 17 of 24 Travis: Right. Victoria: So you can do a lot more with the targeting. The reason promotive post exist and the best benefit of them are is that they are relatively cheap and they go directly into people's new feeds, so I do like that part of it. But the part that I don't like is that Facebook really design that for people who don't know how to use Facebook ads or were intimidated by Facebook ads. So, it's definitely increase their market and got them more revenue, but it's not necessarily the best product. People think it is because it's so much easier and they hadn't used ad's before, they're like, "Oh, wow this great, I'm getting so much more interaction on my page." Yeah, of course you are, more people will seeing your post, it's that actually is just the tip of the iceberg to what you can do with real ads. Travis: Right, well I'm going to let you take that over, are you okay that? Sandra: Now, here's the question Victoria, not everybody can take you up on you. For somebody who's now heard this conversation is super excited about Facebook ads who wants to jump in, besides just listening to our hour together, how can they get educated as far as who to pick? And how to proceed, like what kind of questions should they be asking, what should they avoid. I see that you have a cheat sheet on your website Marveo.com, is that education for people? Victoria: Yes, that's just giving people an idea of the thing that they need to pay attention to when they're starting their own campaign. I also have online training program, sell more with Facebook ads if people do want to do it themselves or learn a little bit more, that's on my website as well. And that's super cheap. And then they get an opportunity to go into a Facebook group and ask questions. So this all for people who want to do it themselves, if they don't want to do it themselves, then they need to just make sure that they've got a good fit with the person who's going to do the service obviously, you want to have a rapport. Secondly then, you want to make sure that their experience that they understand the platform and that they understand your goals for your product or service. So you want to make sure that they get what your product or your service is about otherwise they're going to have real trouble promoting it. And I think it's just the normal ways of doing business, just communicating clear objectives, and you can pretty much ascertain whether someone knows what they're doing when you have an initial chat with them and ask them a few pointed questions. And you might want to ask them if they do it themselves or they're outsourcing it to a team of people, how often that they believe you should change up campaigns, things like that. What sort of cost per lead do they expect to get for you based on the market that you're in, things like that, will give you a pretty good indication. Sandra: This is definitely an episode that I'll be listening to again, and I'm sure others will. And I really like that you offer the training for people, because even to pay somebody to do it for you, I think to give people as much education of the whole world of Facebook ads, to that it's understood within our minds
  • 18. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 18 of 24 that we'll know what kind of questions to ask, so thank you for that. And why do you call your business Marveo? Victoria: Oh, Marveo, okay, so I needed a--my business used to be called FB Ad Queen, I'm a consult- -being very specific and was very much tied-in my personality and it was very pink, and it's still pink, I love pink, very girly and like that, I know it's not exactly always the most professional thing but I love it, so... Travis: No, I like it. Victoria: I think it' always about exuding the type of person you are and I think people get a sense of what I'm like before they deal with me. But I then had Facebook in the name and obviously I had trademark issues, not that they had ever said anything but it's just not advisable. And also I knew that I don't want to be doing Facebook ads forever so I want to have a business that can evolve with my aspirations and different things that I had as I grow. So it was more about creating a business that can evolve with me and I wanted a short domain and there's not that many available anymore. So I was trying to find a 5-letter domain, I couldn't really find a good one, so then I went to six, and then I was like, "Okay, I've just played around with a few different words, one or two include marketing, marvelous, my daughter's name is Emilia and Eva, and then there's me whose Victoria so it was about including their initials in there too. That was really how I came to the decision. Travis: Interesting. Sandra: It sounds good because it's like Marveo, marvelous. Travis: Marvelous. Victoria: Most people don't know how to say it, they're like, "What does that mean, what is that?" They can't even say it. A lot of Americans say Marveyo so I'm thinking of calling it Marveyo when I go to the US because it must be the use of Spanish over there... Sandra: Very chic, Marveyo. Victoria: That's how it came about, it doesn't actually mean anything. Travis: Cool. Sandra: It's perfect, and it means everything because you certainly know your business, you are so kind and easy to listen to, and I so appreciate you, we both do, taking the time to spend with us today. Victoria: Oh, wow, thank you.
  • 19. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 19 of 24 Sandra: Super fun, a whole new door just opened up for me that I didn't know existed. So very powering to people to know that there's more resources available to really get to your target customers, so thanks. Victoria: That's my pleasure, it's been great, thanks for being so enthusiastic about my knowledge, I love it. Travis: Yeah. Victoria: .Thank you. Travis: Don't run her off too soon Sandra, we've got some more questions for her. Sandra: I... Victoria: Oh, I thought that was it, you were wrapping me up. Travis: No. Sandra: We’re excited for the lightning round, so you have to just be on the edge of your seat for this next part. Travis: Are you setting down Victoria? Victoria: I am most certainly am. Travis: Okay. Alright so... Victoria: Right now? Travis: All right. What book or program made an impact on you related to business that you'd recommend, and it doesn't have to be just one, you can give us a couple if you'd like. Victoria: Okay. I think the thing that was pivotal to my online success, like I said I sort of started off with this travel website and remodeling along, not knowing a lot, but knowing that I needed to learn a lot. And I came across a Marie Forleo who is an online business coach for women, and she has a program that's called, Rich, Happy & Hot-B School, and it's an online program for women entrepreneurs who want to start their own online business, or have an online business and want to do it better. So I did that about when I first kicked off, so nearly 3 years ago, I think this is the fourth issue, she's ran out. She just recently launched it. And that was a total game changer for me and open my eyes on some of the elements to be successful online and creating your own personal brand, and connecting with your customers and all that kind of good stuff. Tried getting a list, an email list of people and making sure
  • 20. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 20 of 24 that you broadcast to them and give them lots and lots of value. So that sort of changed my whole paradigm really in terms of online marketing and the moving on from that, I did work with her a bit more closely and that was really important as well. So I would definitely recommend her program for anyone. It's mainly, it’s very girly, so, you know, guys do, do it but it's a lot more women. Travis: With the hot part, I kind of figured that. Victoria: Yeah, it's like we're trapping hot, who doesn't want that? Even if you're a guy or a girl really. Travis: True. Victoria: So, it's pretty sort of sassy branding but she's amazing and she's definitely been instrumental in my success. Then I guess the two books that I read when I started off in online as well, or that I would definitely recommend and speak to me, Tribes by Seth Godin, and just that's about that power that sort of connection and community that you talked about before which I'm sure you're familiar with, and Rework by Jason Fried, I love that book, I think that's an awesome book. So that just talks about approaching business differently and talking as corporate refugee, like that turned my whole perception of everything on its head, like how you hold meetings, how to run your business like it was just so nimble and clean and smart, and it was so different to the corporate world that it just totally motivated me to think I want to create something like this. Travis: Right. Victoria: So yeah, they're the sort of 3 big things that I would recommend. Travis: Now Marie is--isn't she the one that Evan promotes quite a bit? Victoria: Yeah, so Evan again, she did a lot of training with him and their friends, so yeah, he's promoting her before, yes. Travis: Yeah, and the author of Rework, I just finished the audio of that, I really loved it, and he is the co-creator of Basecamp, which is pretty incredible. Victoria: Yeah. So that 37 signals which I use and absolutely love. The capabilities of it are brilliant, we probably know and we’ve using anywhere near as much as we should, and for someone who hates a system, that’s me. I had lots of creativity, it's good, otherwise everything's in my head and worthless who I work with, it's trying to decode what's going on in my head half the time. She can go in there and see certain things and we can map stuff out, I really love it, especially the new version, it's great.
  • 21. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 21 of 24 Travis: Yeah. So listen, that segways us into the next question is what's your favorite tool or piece of technology that you've recently discovered, it doesn't have to be new but new to you maybe, that you'd recommend to other business owners and why. Victoria: Okay--and thinking about this, there's not anything that's really super new. There's things that I love like technology that I use, that I love and Basecamp's one of them, and things like fresh books I think is just awesome, because invoicing is boring and annoying, and to have a system that makes it so intuitive and easy, I love anything that makes my life easier. So with my entrepreneurial ADD, there's a new thing every day that I love and I was thinking, what better told that's really important, I couldn't really think of anything and I just had to not--but it's recent and not those revolutionary but a lot businesses aren't using it and it's Facebook. Facebook is definitely a tool that all businesses should be using it, if you don't have a business page, go and create one because it's free and just get used to the platform and used to promoting your business on there and connecting with your customers on there. I don't think there's any more important tool that businesses should be using right now than Facebook. Travis: And it's changing so much that it almost is a new tool with all the changes that--I hear that they're adding a really cool search feature to it soon. Victoria: Yes, graph search which--they're trying to compete with Google a bit and so we'll show you businesses that your friends have been to when you're searching for businesses and their current search functionality or the full graph search it's really average. You'll know that when you try and search for anything on Facebook, even a person that you know, it's very difficult. So they had been really working on that, it has been definitely one of the weaknesses. But from a local business perspective this becomes a good kind of competitor to Google Places and the like, so... Travis: Yeah, that's got to be scaring them because for obvious reasons. Okay, great recommendation on that. What famous quote or I guess it really doesn't have to be famous, but what quote best summarizes your belief or your attitude in business? Victoria: I think in making the transition from corporate to solo-preneur or online entrepreneur, for me I can't ever go past Seth Godin's quotes and there's one that I quite like which is, "It's clearly more fun to make the rules than to follow them." And that's how I live my life pretty much, I don't really like being told what to do that's why being an entrepreneur is perfect for me and I can live and die by my own sword or whatever that saying is. But that's how I like to live and I like to have an idea and put it into place and sometimes those ideas don't work but I like the opportunity to be out and just go ahead and do it, so I think that that's definitely resonates with me and it describes my attitude. Travis: Boy, I second that. Sandra: That's great.
  • 22. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 22 of 24 Travis: Hey, one quick thing, and I didn't prep you for this but what do you dream of? Victoria: I dream of a life of freedom, that doesn't mean not doing any work because I do like working but a life where I can cherry pick the very best people to work with and surround myself with. I can provide my girls with amazing opportunities that are rich in life and connections and see more of the world, fall in love again, things like that. That's what I dream of, the choices that come with, I guess, not only business success but success in life and making a difference for people and adding values. So that's what I dream of. Travis: I like it, we're going to help you with some of that, we're going to work together, you're going to help us and we're going to help you with some of it. Victoria: Just joking now. Now you'll have to edit that out. Sandra: No editing. Travis: No. So how do people connect with you, I know that Sandra already said it so how do people connect with you? Victoria: Okay, the best place to find me is my website Marveo.com, M-A-R-V-E-O.com. You can find out everything about me there, or if you're on Facebook just put in your browser, FB.com/wearemarveo and then you can find my Facebook page, send me a message there as well. Travis: Wonderful. I want to thank you for coming on the show, we've really enjoyed it, you're a lot of fun too. Sandra: It's been great. Victoria: Oh good. Travis: I'm going to start wrapping up; can you hang out with us for a couple of minutes? Victoria: Yes. Travis: Wonderful. So listen, I want to remind you that you can find all the links to the books and the resources mentioned in this show in the show notes, so just go to DIYOB.com that fits your 5 letters that you were looking for there Victoria. So Diamonds in Your Own Backyard, that's what it's short for is Diamonds in Your Own Backyard. So it's DIYOB.com, also while you're there enter your name and we'll send you the 2013 Business Owner's Guide to a profitable million dollar business. It's a candid, behind the scenes look at what you need to know to grow your business to incredible levels of success.
  • 23. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 23 of 24 What I'll tell you in the guide is critical to your success and it's something that really no one's talking about because many of these issues are not in their best interest financially, I believe. In the guide, we'll cover the 5 trends that are affecting every small business today beyond the obvious slow economy, 5 things that you should know before hiring anyone to handle your marketing, 6 marketing rip-offs that are costing you a fortune, the 5 skills that will determine the success of your business over the next 18 months, and a lot, lot more information that will help you take your business to that next level. Today, I want to close the show with a quote from Henry Ford, and the quote reads, "You can't build a reputation on what you're going to do." Now I really like this quote because it's a great reminder of the importance of staying in action, right Sandra? Sandra: Absolutely. Travis: So this is Travis Lane Jenkins signing off for now. Do you want to say goodbye Sandra? Sandra: I'm tempted to say, “Goodbye Sandra” but thank you Victoria, thank you to our wonderful listener, and thank you Travis. What a wonderful, wonderful place to get so many tools built for us and for our listeners, so thanks for joining us. Travis: Yes. Victoria, you want to say goodbye? Victoria: Yeah, I do. Thanks for having me, it was fun and hope people got some value out of our chat today and bye. End of Interview Travis: All right, well hang on the line. So listen, to your incredible success, may you inspire those around you to go after their dreams too. Take care.
  • 24. THE ENTREPRENEUR’S RADIO SHOW Conversations with Self-made Millionaires and High-level Entrepreneurs that Grow Your Business Copyright © 2012, 2013 The Entrepreneur’s Radio Show Page 24 of 24 How We Can Help You We know that finding someone that you can trust online today is hard and that so many “so called gurus” are self-‐appointed and have never really even done what they teach you to do. That’s exactly why we created the Double Your Profits Business Accelerator. This is an exclusive offer for our fans at a fraction of its normal cost. Here's what to expect. We'll Schedule a 'One on One' private session, where we'll take the time to dive deep into your business and tell you what is missing, so that you can have your best year ever! We'll do this by performing a S.W.O.T. Analysis. This tells us your Strengths, Weaknesses, Opportunities and Threats within your business. This will be an eye opener for YOU, for several reasons, however some of the most common reasons are. As the 'Business Owner' it’s difficult to see the big picture of your own business because you’re in the middle of a daily management. And you are too emotionally involved to completely impartial. This is a common problem for EVERY business owner. It doesn’t matter if you are a one-man army, or an army of 150, the problem is still the same. Travis Lane Jenkins Business Mentor-Turn Around Specialist Radio Host of The Entrepreneurs Radio Show “Conversations with Self-made Millionaires and High-level Entrepreneurs That Grow Your Business"