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SaaS Interviews with CEOs, Startups, Founders

3 Secrets To Making Money at Events

26 Dec 2015

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 24.07 Nathan Latka

This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base. You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have. I'm now at $20,000 per talk. Five and six million. He is hell-bent on global domination. We just broke our 100,000 unit soul mark.

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24.09 - 51.603 Nathan Latka

And I'm your host, Nathan Latka. Yesterday, you guys heard from my good friend, Justin Brooke, who broke down the simple way to build a one-person agency to $90,000 per month in revenue. He is crushing it. Okay, Top Tribe, our guest today is Rich Brooks. Now, Rich is the founder and president of Flight New Media, a web design and marketing firm in Portland, Maine.

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52.044 - 68.809 Nathan Latka

He's nationally recognized as a speaker on entrepreneurship, digital marketing, and social media. Now, he's also the founder of the Agents of Change Conference at agentsofchangecon.com, where people talk about, although there's a weekly podcast, and we focus on search, social, and mobile marketing.

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68.829 - 90.597 Nathan Latka

Now, I say we because Rich has me speaking at the event this year, along with some other amazing, amazing speakers. He also contributes to socialmediaexaminer.com, and he's the tech guru on WCSH Channel 6 Evening News Show 207 and teaches marketing and social ethics. media courses for entrepreneurs at the University of Southern Maine's Center for Continuing Education.

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90.697 - 92.479 Nathan Latka

Rich, are you ready to take us to the top?

93.701 - 94.622 Rich Brooks

Let's go to the top!

95.263 - 112.827 Nathan Latka

I love it! Now, last time I saw you, I came in your office, and you're throwing all these great, organic, craft Maine beers at us. Unfortunately, it's early in the morning, and I've substituted that beer for a nice mocha. But tell people a little bit more about Flight and what the agency is focused on before we jump into how you do a live conference and do it profitably.

113.819 - 129.888 Rich Brooks

Sure, sure. Well, I've been running Flight New Media since 1997. It wasn't always called Flight, but it's been that for a while. And I just started off, you know, in my, it wasn't a garage, it was my living room, but I started off in a living room just building websites for people. And over time, I started to get busy.

129.908 - 147.154 Rich Brooks

In fact, one of my clients told me that if I didn't start hiring people, they were going to have to go to another firm. So that started me getting in the process of hiring people. And over the years, I've built the company up and now we offer search engine optimization and social media marketing and webinar help and basically anything that can be delivered digitally.

Chapter 2: How did Rich Brooks start his agency and what services does it offer?

175.167 - 192.655 Rich Brooks

I love being in front of a group. It's my favorite way of sharing information. And I was noticing that all of a sudden I started doing some social media presentations just as social media was starting to bubble up. And every time I did one, it sold out, which wasn't always the case. And I noticed a couple of my friends start to do it and theirs were selling out.

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193.076 - 212.186 Rich Brooks

Meanwhile, we're not getting paid for these and my friends weren't getting paid. But yet the companies or the organizations putting them on were charging at the door. So I pulled my friends into my office and they said, what are we working for the man for? Let's just do it ourselves. How hard could putting on a live event be? Amen, brother. Yeah, it turns out there is a little bit of work there.

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212.726 - 233.433 Rich Brooks

But the bottom line is it was a great experience. We put on the event. It was successful. We ran it for three years. It was called Social Media FTW. What year was the first one? Uh, 2009. Okay. 2009. So, I mean, this will be the seventh year of the event because after three years, like I said, the band broke up, uh, amicably, but we just went our separate ways.

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234.094 - 252.47 Rich Brooks

And through a chance encounter with Chris Brogan, the day after the final social media FTW, I decided that I wanted to put on my own conference, wanted to expand it so that we could talk about search and mobile marketing. Two things I thought weren't being talked about enough, but Because social media is, you know, such a shiny new object, or at least it was at that point.

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253.032 - 266.104 Rich Brooks

And started the Agents of Change Digital Marketing Conference, ran that for three years, and now we're about to launch our fourth. And I am so stoked that you're coming back for another go-round. So thank you. Thank you very much for lending us your expertise.

266.124 - 283.811 Nathan Latka

Well, you know, I'm just trying to hold my ground when you have folks like, you know, Sue Zerman, Steve Dottie, got Marcus Sheridan, the sales lion coming this year. You know, you had folks from Constant Contact, Heather Jackson, some Texas drawl in her perspective, which was great. Who else did you have? You had Dave Kirpin is coming this year again with Likeable.

283.831 - 285.333 Rich Brooks

Dave Kirpin is coming. That's one of them.

285.353 - 301.986 Nathan Latka

Yep, with Likeable. So I'm just going to hold my own, you know, have a lot of fun doing it. And you guys, you got to see Rich on stage. Let me tell you, he opens the conference with this little like Jimmy Fallon scene where he's writing these letters. I mean, it's hysterical. It's really a bundle of fun. I met a lot of people there. I mean, I was wrestling, arm wrestling, not real wrestling.

302.006 - 318.666 Nathan Latka

I was arm wrestling attendees. I mean, it was so much fun. So Rich, walk us through. So we kind of got the fluffy, the good stuff, the context, the why behind it. A lot of people think about conference and they, you know, here are some barriers. Okay, I need a venue. Well, the venue is going to cost minimum 5K.

Chapter 3: What inspired Rich to create his own conference?

532.975 - 551.068 Rich Brooks

And they normally won't let you bring in outside food, but because we were doing so many other things with them, they let us bring in pizza. And then I went out and I got a pizza sponsor from the pizza place across the road. They gave us $500 worth of pizza. That right there probably saved me a few grand right there. Wow.

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551.128 - 570.858 Rich Brooks

And if you're trying to be profitable at your conference, you need to think about Every dollar you save is a dollar you make. So for me, I'm always looking for that. And now we're actually getting, we have a beer sponsor, so I don't have to pay for beer. We were going to have a spirit sponsor this year. My buddy is opening up a brand new distillery on the coast.

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571.158 - 584.854 Rich Brooks

But unfortunately, because of a couple of things, they're not going to have their tequilas and their vodkas ready in time. So we'll have to do that for next year. But that was going to be exciting where he would be able to introduce it, what he was bringing to market right there at the conference for the first time.

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584.834 - 593.95 Nathan Latka

Be like really, really resourceful. I mean, it looks like what you've done. Now you said you worked at a great deal with the university. What do they charge you for that amazing theater that you've got for the event?

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594.925 - 616.598 Rich Brooks

You know, I think that's like, I want to say it's about two grand, which is amazing for a full day, you know, compared to some of the other places that we looked at. So, you know, you do have, you definitely want to put in some time up front to reach out. And one of the, so here's a resource that I used. In Portland, we have a group called the CVB, the Convention and Visitors Bureau.

616.858 - 621.365 Rich Brooks

And if that's not the name of your local place, there's definitely like a chamber of commerce that can help you out.

621.485 - 623.548 Nathan Latka

Or a visitor bureau, something like that.

623.528 - 640.643 Rich Brooks

Yes. And they'll know every place where you can host an event and some you hadn't thought of. So we were actually looking for our daughter's bar mitzvah, and they came up with some places that never would have occurred to me that were going to be fantastic. So, you know, there's always, reach out, find those resources.

641.083 - 650.652 Rich Brooks

There are plenty of organizations in your hometown, no matter the size of it, that are looking to help businesses. So you definitely just need to tap into those resources. And they're for free, most of them.

Chapter 4: How do venue costs affect conference profitability?

1150.796 - 1153.238 Nathan Latka

Yes or no. Do you get eight hours of sleep every night?

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1155.158 - 1159.966 Rich Brooks

Oh, that sounds incredibly wonderful, but I don't even come close, my friend.

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1159.986 - 1164.053 Nathan Latka

I wish I could bottle you those eight hours and sell it to you, but I can't. So, all right.

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1164.333 - 1170.042 Rich Brooks

Number five, Rich, if you wish- Ask me a question about how much water I drink, because I drink a lot of water. Does that make up for my lack of sleep?

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1170.062 - 1183.028 Nathan Latka

Hey, you can change the show. Here we go. Rich Brooks, number five. How much water do you drink each day? I would say at least 10 pints of water every day. Now, I'm horrible at math. How many gallons is that? Two and a half?

1183.97 - 1187.177 Rich Brooks

I don't even know how many metrics that is. So really, I can't help you.

Chapter 5: What are the essential steps to running a profitable conference?

1187.197 - 1192.489 Nathan Latka

All right, Rich. Last question of the Famous Five. If you wish your 20-year-old self knew one thing, what would it be?

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1194.19 - 1203.628 Rich Brooks

I would say start building your list immediately. I don't know that my 20 year old self would know what that means, but one day he would and then he would start building the list a lot earlier than I did.

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1203.989 - 1216.333 Rich Brooks

I really do think that building a quality list of people who are interested in what you have to share is one of the most valuable things any entrepreneur, any small business or any nonprofit can do.

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1216.313 - 1224.653 Nathan Latka

Rich, people are going to watch. They're going to hear all the strategy. They're going to want to watch you actually executing it. So where can people connect with you or follow you online?

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1225.73 - 1233.978 Rich Brooks

Well, like I said, I'm on Twitter all the time at TheRichBrooks. In fact, I'm TheRichBrooks everywhere, but the fastest way to get in touch with me is probably right there on Twitter.

1234.359 - 1251.957 Nathan Latka

There you go. Well, Rich Brooks, from a 1997 agency launch to a 2012 launch of Agents of Change Con, you're now cranking in about 80 grand top line with 40 grand of cost, having a lot of fun running a profitable event. Thank you for taking us to the top.

1253.354 - 1256.317 Rich Brooks

I appreciate the opportunity of talking to you, Nathan, and all of your fans.

1256.478 - 1282.534 Nathan Latka

Yeah, well, I'll see you live at the event on September 25th in Portland, Maine. Looking forward to it. Great. Coming up tomorrow morning, we speak with Brandon Epstein. Now, he's got a six pack and he charges $1,000 per month for Instagram consulting to mega rich clients. You don't want to miss it. Okay, Top Tribe, I am pouring my heart and soul into this podcast for you.

1282.835 - 1300.084 Nathan Latka

Would you help me out by subscribing on iTunes? If you're listening on your Apple phone, hit the purple arrow in the upper left of your screen, and you'll see the word SUBSCRIBE in purple, all capital letters. Click that subscribe button if you want me to keep doing shows, and I will see you tomorrow morning at 9 a.m.

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