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Ted Dhanik

👤 Person
168 total appearances

Appearances Over Time

Podcast Appearances

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

If you distribute your spend across 50 different places, if five of them go down, who cares? It's not going to really affect your revenue as much.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

If you distribute your spend across 50 different places, if five of them go down, who cares? It's not going to really affect your revenue as much.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

is for whenever you have a distributed revenue model, meaning your revenue is coming from a lot more than, you know, 10, 15 different places, meaning the ideal situation is never have a client or a revenue stream or a marketing source that's generating more than 10% of your revenue, right?

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

is for whenever you have a distributed revenue model, meaning your revenue is coming from a lot more than, you know, 10, 15 different places, meaning the ideal situation is never have a client or a revenue stream or a marketing source that's generating more than 10% of your revenue, right?

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

And if you do, then you're going to wake up fucked one day and you'll be like, fuck, I lost half of my revenue. It's like, dude, this common business sense, all these guys that end up like, you know, building businesses and and stuff and skipping college and skipping business school and all this other stuff. You get really lucky and it's really great.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

And if you do, then you're going to wake up fucked one day and you'll be like, fuck, I lost half of my revenue. It's like, dude, this common business sense, all these guys that end up like, you know, building businesses and and stuff and skipping college and skipping business school and all this other stuff. You get really lucky and it's really great.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

But fundamentally, business school will teach you that you never you never live in a moment where your revenue stream is distributed, you know, anywhere more than 10 percent. You're fucked.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

But fundamentally, business school will teach you that you never you never live in a moment where your revenue stream is distributed, you know, anywhere more than 10 percent. You're fucked.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Relevance, right? So we like stuff that's relevant to the culture. I think there's a lot of products that are consumed every day and it's not like a one-time purchase, right? You're going to drink Coca-Cola every day. You're going to drink whatever it is. Olipop is on fire right now, right? Not only is Olipop great, not bad for you like Coca-Cola and all the other things, but

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Relevance, right? So we like stuff that's relevant to the culture. I think there's a lot of products that are consumed every day and it's not like a one-time purchase, right? You're going to drink Coca-Cola every day. You're going to drink whatever it is. Olipop is on fire right now, right? Not only is Olipop great, not bad for you like Coca-Cola and all the other things, but

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

But they know how to market. They're marketing in all the right places, right? They're reaching the demographics that care about that stuff. So how do you differentiate an Olipop from a Coca-Cola? What if Olipop started marketing in all the places that Coca-Cola was? Those people would not care, really, so much.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

But they know how to market. They're marketing in all the right places, right? They're reaching the demographics that care about that stuff. So how do you differentiate an Olipop from a Coca-Cola? What if Olipop started marketing in all the places that Coca-Cola was? Those people would not care, really, so much.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Because people that are drinking Coca-Cola, I guarantee you they don't give a fuck about their health. They don't really care as much. Drinking Coca-Cola, sorry, I didn't mean that. But what I mean is Olipop has a very specific demographic. It's people that care about health, wellness, fitness, right?

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Because people that are drinking Coca-Cola, I guarantee you they don't give a fuck about their health. They don't really care as much. Drinking Coca-Cola, sorry, I didn't mean that. But what I mean is Olipop has a very specific demographic. It's people that care about health, wellness, fitness, right?

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

and maybe even spirituality those are the places that they're going to market and it makes a lot of sense you know from that standpoint so they have to continue to market because you got to stay relevant you got to spend the money and if you could figure out how to track your revenue based on your marketing spend then you can scale those marketing streams and you continuously have marketing pay for itself but tracking is really key so we're not talking about direct response marketing or ads or any of that stuff that click through to a landing page you can buy

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

and maybe even spirituality those are the places that they're going to market and it makes a lot of sense you know from that standpoint so they have to continue to market because you got to stay relevant you got to spend the money and if you could figure out how to track your revenue based on your marketing spend then you can scale those marketing streams and you continuously have marketing pay for itself but tracking is really key so we're not talking about direct response marketing or ads or any of that stuff that click through to a landing page you can buy

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

But you could do demographic reasonably on a reasonable level. You can put up billboards and TV and whatever else you're doing in a specific region and understand, hey, we're spending X number of dollars in this region. This region is generating X number of dollars in revenue. If you basically understand that from that standpoint, then you can market anything.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

But you could do demographic reasonably on a reasonable level. You can put up billboards and TV and whatever else you're doing in a specific region and understand, hey, we're spending X number of dollars in this region. This region is generating X number of dollars in revenue. If you basically understand that from that standpoint, then you can market anything.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

think it's a huge thing you know from a from the standpoint of what's you know like from a moral perspective i think that giving back is really key and i think the people the the way people perceive it is really important but i think the biggest part of this whole thing and i'm sure daniel agree with me is that understate like the tracking of the marketing dollars

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

think it's a huge thing you know from a from the standpoint of what's you know like from a moral perspective i think that giving back is really key and i think the people the the way people perceive it is really important but i think the biggest part of this whole thing and i'm sure daniel agree with me is that understate like the tracking of the marketing dollars