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Money Lab

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From the dynamic duo of Listen Money Matters, comes another brutally honest show. But this time, they mean business. Literally! Matt Giovanisci and Andrew Fiebert drop the gauntlet of truth about being self-employed, serial entrepreneurs. They're not teaching how to build a successful company. Instead, they run business challenges and experiments that offer a transparent view of what it really takes to make money online without being a complete douche nugget.

119 Episodes
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How do you build products that meet your customers' needs, not just your own? Matt and Andrew talk about their "come-toJesus" moment with their SaaS product Lasso and how they've had to re-design their whole product. They discuss how they first built the product to selfishly meet their own needs and how conversations with customers forced them to pivot. From how to survey your existing audience to understanding UX/UI principles, designing directly for your audience can totally help you clarify your product design. Because in the end, the customer is always right... because they got the money. Enjoy! P.S. If you haven't checked out Lasso, get on it! Visit GetLasso.co P.P.S. Check out Google's design philosophy here: Material.io/design
What's your website worth? Carrie Smith Nicholson, the author of The Ultimate Guide to Selling Your Blog and a blog consultant at CarrieConsiders.com, joins the show to talk about her experience buying and selling websites. Carrie sold her old website for nearly six figures, and she and Matt talk about the entire sales process, from deciding to sell your brand to finding the right buyer. They also chat about Carrie's latest web property purchase and her plans of turning her newest website into a lucrative brand. If you'e ever been curious about what it takes to sell a website you own or buy and revamp a new web property, this episode is for you. Enjoy! P.S. You can find Carrie online at CarrieConsiders.com
Here's a business hypothesis for ya... There are 3 major factors in a successful online business: Products (what you sell), Relationships (trust with your audience) and Traffic (size of your audience). Nail 2 out of 3 of these and you’ll make six figures. Simple, right? Matt and Andrew discuss this business philosophy (learned from the folks at Create and Go) and how it applies to each of their current brands. They also dissect case studies from around the online business world and what they should be doing with Lasso. So which combo are you? Or which combo do you aspire to be? Figuring this out might help you focus on your own growth trajectory. Enjoy! P.S. Check out more of Create and Go's business philosophies here: Createandgo.com
Started from the bottom now we here. Matt and Andrew talk about their big business revenue jumps over the years. They dissect the moment when they hit $40,000 in annual revenue and how they finally hit six figures. From their original affiliate marketing efforts (and Matt's first $115 with Amazon Affiliates) and to their first legit SEO strategies, they break down what got them up and over the $100K mark. They reveal the secret ingredient of it all (spoiler: it's time) and whether or not they could make that kind of revenue jump again. Only TIME will tell (it's time... the secret ingredient is time). Enjoy! P.S. You can check out Matt's timeline here: Moneylab.co/Timeline
Mo Money, Mo Products?

Mo Money, Mo Products?

2020-01-2700:37:03

Make more money in 2020! Specifically with digital products! Matt and Andrew don't want to rely 100% on the Affiliate Marketing Gods, which means beefing up their digital product game in the new year. They talk about their "come to Jesus moments" around digital products, how Matt made over $100K in digital product sales last year and what kind of products do and don't work with their audience (like membership platforms). Andrew unveils his new product for Listen Money Matters and they chat about what they need to do to consistently market their courses. Enjoy! P.S. You can check out Matt's favorite digital product platform Podia (it's an affiliate link!): Moneylab.co/podia
Business Autopilot

Business Autopilot

2020-01-2001:08:13

Would your business fall apart without you? Matt and Andrew both had to take long breaks from their businesses a few months ago. They talk about how their businesses survived without them and how the wheels kept turning in their absence. From hiring the right people (and what that actually means) to setting up solid standard operating procedures, how do you make sure it all doesn't crumble to pieces when there's a real emergency? And how do you go about finding people you trust to take over? Enjoy! P.S. You can check out Matt's last year in business (including how it did while he was gone) over on the website: Moneylab.co/Nineteen
Cue Julie Andrews, because these are a few of our favorite things. Matt and Andrew walk through every single tool they use to run their online businesses. They cover all their must-haves: SEO research, hosting, caching, product sales, accounting, business organization, file management, email marketing, podcasting and YouTube video production. Phew! They also share brutally honest reviews of tools they're not-so-thrilled with (cough, ConvertKit, cough). Consider this episode the MTV Cribs walkthrough of online businesses. Except less luxury cars and more plugins. Enjoy! P.S. You can get the full list of Matt's favorite tools here: Moneylab.co/About
New Year, who dis? We're kicking off 2020 with our favorite kind of show: listener Q&A! Matt and Andrew answer a stack of listener questions, from dealing with a sudden drop in traffic (thanks, BERT update) to beating out a slimy competitor that's shot up the ranks in Google. And if you're worried about the next recession, Matt and Andrew discuss what they'd do to recession-proof their work. They cover it all, including how they'd turn an $1,300/month YouTube channel into a full-time business. Enjoy! P.S. If you're looking for a website refresh in the new year, might we suggest checking out Matt's super fast, super sleek theme, Carbonate? You can grab it at the Money Lab store: products.moneylab.co/ P.P.S. Here's the YouTube experiment Matt talks about in this episode: Moneylab.co/youtube-optimization/
It's our final episode of the year, the last one in our Greatest Hits series, and the perfect motivation for your business New Years Resolutions: how to stick with it for the long haul. (This episode originally aired in March 2019). It only took 15+ combined years for Matt and Andrew to "make it" as "entrepreneurs." And you can, too! Listen in on Matt and Andrew's beer-fueled trip down memory lane recapping the slumps, the wins and the eff-it-all moments on the loooooooong road to "success." Enjoy! P.S. This episode may or may not be brought to you by Little Caesars Pizza.
More goodness coming at ya from the Money Lab vault (this episode originally aired August 2019). Should you try turning a hobby you love into a money-making website? Sean Ogle, founder of BreakingEighty.com and LocationRebel.com, joins the show to talk about turning a hobby into an online business. Both Sean and Matt run websites based on hobbies they love: Sean runs a golf site and Matt runs a homebrewing website, BrewCabin.com. So how do they approach monetizing their hobbies? What does it take to create a paid community around something you love? And how do you make sure you keep the passion alive with your hobby when it's a business? If you've ever considered turning a hobby into an online business, this episode is for you. Enjoy! P.S. You can find more about Sean at LocationRebel.com and BreakingEighty.com. P.P.S. If you want to see a behind-the-scenes look at how Matt monetizes own hobby-based site, check out his course SEO for Bloggers: Moneylab.co/SEO
The greatest hits keep rolling with some ultra-practical SEO tips (this episode originally aired August 2019). Good news: SEO isn't as complicated as you think. Digital content editor and writer Michelle Lowery joins the show to share her best practices for SEO writing and editing. Matt and Michelle chat about how they approach creating content that ranks on Swim University, including clever ways to incorporate keywords and how to optimize text for both robots and humans. Michelle also shares some of her favorite strategies for researching keywords and how she weaves a human-centered approach into her work. This is a behind-the-scenes look at Swim University's entire SEO process and how Michelle creates articles that are more likely to rank. Enjoy! P.S. If you want to learn more about writing SEO friendly content, check out Matt's course SEO for Bloggers: Moneylab.co/SEO P.P.S. You can find Michelle on Twitter @MichelleDLowery
The Money Lab Greatest Hits countdown continues with an affiliate marketing heavy-hitter (this episode originally aired April 2019). It's a battle royale between affiliate sites as Matt and Andrew debate the pros and cons of their different affiliate business models. From only using the Amazon affiliate program to managing tons of affiliate partners, how do they structure their affiliate revenue streams? And what are the challenges of running a site that makes 100% of its money from affiliate marketing? Matt and Andrew dive into the revenue and risk of each of their money-making affiliate sites. Enjoy! P.S. Speaking of affiliate marketing... the newest Money Lab course is here! Check out Matt's in-depth affiliate course at www,MoneyLab.co/Affiliate.
We're sharing more Money Lab's greatest hits, all December long! (This episode originally aired May 2019). Spoiler: classic email marketing tactics don't work for every online business. Can complex marketing funnels, slow drip campaigns and content upgrades actually hurt sales? Matt and Andrew dive into the details of Matt's multi-month experiment trying to optimize his sales funnel at Swim University. They pick through Matt's sales stats, walk through his elaborate email set up for converting readers to customers and debate why a complicated funnel wasn't the right move for his website. Get ready to talk UTM codes, conversion rates and customer avatars. Enjoy! P.S. Check out Matt's full write up about his email marketing experiment here: Moneylab.co/email-funnels
We're celebrating the holiday season by sharing the best Money Lab episodes@ And we're kicking things off with this super popular episode, which originally aired June 2019. Matt needs money! He's already trimmed his costs down to the bone in his business and now he wants to focus on efficient ways to ratchet up his revenue. So how can he increase the flow of his existing income streams on his websites? Should he focus on micro changes, like optimizing click through rates? Or is it something bigger, like monetizing his video content on his YouTube channel? In this conversation, Matt and Andrew debate ways to increase their revenue without adding additional costs and by leveraging their super powers. Enjoy! P.S. Want to create some affiliate marketing income streams in your business? Check out Matt's affiliate marketing course at Moneylab.co/Affiliate
Frictionless Course Creation

Frictionless Course Creation

2019-11-1801:02:291

Have you ever procrastinated creating an online course? Yeah, neither have we... Never. Nope. Matt and Andrew talk about the magic that happens when you find the perfect software for hosting and selling an online course. Matt walks through his decision-making process for choosing a new course platform (spoiler: it's Podia!) and how making the switch is already paying off (spoiler: it's upselling!). Matt also outlines how he'll leverage this new online infrastructure to make even more course content in the future. Will Matt become a course creating machine? Will Andrew finally drink the online course Koolaid and create a course for Listen Money Matters? If you've ever wanted an easier way of putting an online course out into the world, this episode is for you. Enjoy! P.S. Wanna check out Matt's hot-looking product page? Check it out at products.moneylab.co P.P.S. You can get on the Podia train here (it's an affiliate link, yo!)
If you're a creative, the pressure to make perfect, consistent content is real. Thomas Frank, aka Thomas the Frank Engine, aka the College Info Geek, joins the show to talk about growing his YouTube channel to 1.5 million subscribers, his moment of burnout and how he's running his business differently since bouncing back. Matt and Thomas discuss how to remove yourself as a bottleneck from your business (even when you want 100% creative control) and the mental toll that happens when you're running in a self-made business hamster wheel (Thomas' crash-and-burn moment happens at the 28:40 mark). So how do you outsource pieces of your work without feeling the need to be part of the entire creative process? How do you create a system to avoid burnout in the first place? And how do you deal with comments and trolls when you're trying to stay sane as a creator? Oh, and they also spend a good chunk of time nerding out on their favorite YouTube tools, like teleprompters, SEO plugins and captioning services. Enjoy! P.S. You can check out Thomas’ YouTube channel at Youtube.com/thomasfrank P.P.S. You can read more about Matt’s own YouTube experiment at Moneylab.co/Youtube-Optimization
"Let's just launch a SaaS company and become super successful in 6 months!" they said. "This will be soooo easy!" they said. Well, not so much. Matt and Andrew talk about the launch of their SaaS product Lasso earlier this year, their audacious goal of reaching $15,000 MRR in just half a year and why they're only 10% of the way there. But they're still pretty optimistic. They discuss why they've faced such big hurdles along the way, like not truly understanding their ideal customer, and how they've finally started to embrace the fact that they ARE a "Make Money Online" plugin. So what now? How do they plan to find new customers and affiliate marketers that already want what they're selling? If you've been following along with the Lasso journey and wondering how the heck it's going, this episode is for you. Enjoy! P.S. Matt's tightened up the language and design on the Lasso sales page. What do ya think? www.GetLasso.co
Welcome to another listener question epsiode! Matt and Andrew respond to all the Qs from Twitter and email (keep them coming!). From negative SEO and Google penalties to what metrics to look for when you're picking a website niche. And how do you let go of total control in your business and hire out the tasks you shouldn't be doing? They cover it all, including Matt and Andrew's sordid past with blackhat SEO and how they've learned to trust themselves with their business choices. P.S. As always, check out the sweet suite of Money Lab menu of products at MoneyLab.co/Products P.P.S. Is it neesh or nitch? Pee-nalize or pen-alize? The world may never know...
Come on baby, light my business fire! (The Doors. Nailed it). Matt and Andrew are joined by Brandon from MadFientist.com to talk about staying motivated in their online businesses. Brandon shares his journey of growing his own successful site (including the mental breakdown that motivated him to launch it) and chats about his newest online business, including the challenge of mixing business with a hobby. The three of them debate what truly motivates them in their work (hint: it's not money, but it kind of is?) and how to keep that hunger alive when you start to feel like you're coasting in your business. How do you tap into that intrinsic motivation to keep the business fires burning bright? This is an honest, behind-the-scenes chat about what drives these guys to do what they do. Enjoy! P.S. You can read about Brandon's synthesizer business experiment here: Madfientist.com/Online-Business-Experiment P.P.S. Liked this episode? You'll probably enjoy the episode called Money-Making Hobby Sites with Sean Ogle that dropped at the end of August 2019. Check it out!
It's all about who you know. And you should really know your audience. Mojca Zove, the founder of SuperSpicyMedia.com and TheScienceOfFacebookAds.com, joins the show to talk all about strategies for understanding your audience, especially when it comes to social media campaigns. She also dives into her transition from running a successful Facebook ads consultancy to running a product-based business. So how do you convert eyeballs into sales? How do you validate a new product with your audience and bounce back if you have a disappointing launch? Mojca shares the ups and downs of her own journey, including the strategies she's used with her clients to turn Facebook views into actual customers. If you're launching a new product to your audience or you're curious about the secret sauce behind a good Facebook ad campaign, this episode's for you. Enjoy! P.S. You can find Mojca at SuperSpicyMedia.com and TheScienceOfFacebookAds.com And you can follow along with Mojca's journey on the Changing Gears YouTube video series here.
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Comments (2)

Lars ØLB

Awesome episode! Keep at it guys, really enjoy your style and format!

Mar 25th
Reply

Alex Carr

Never beatbox again.. Either of you.. ever..

Oct 10th
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