Dear Subscribers,
We hope this email finds you well. In this week's episode of the Virtual Ventures podcast, we were joined by Moe, the owner of Seed Phrase Daily, and other successful ventures.
Throughout the episode, we learned about the importance of building communities, mastering the community aspect of building for business success, and the value of newsletters as a direct communication channel with subscribers.
Moe shared his personal journey as an entrepreneur, including his experience in eCommerce, solar sales, and NFT trading. Along the way, he learned the critical importance of understanding necessary processes before delegating tasks and choosing the best tools for the job.
We also discussed the growing trend of creating newsletters as a way to stay informed and receive unbiased opinions on specific products or industries. While the process of starting a newsletter requires hard work and dedication, Moe offered valuable tips and strategies to make the process more effective and smoother.
Overall, this episode provided a unique perspective on the value of community building, entrepreneurship, and the future of technology. We highly recommend giving it a listen.
Thank you for subscribing, and we'll be back next week with another exciting episode.
Best,
Andres Sanchez Host
Episode Key Topics
Podcast Episode Summary: Building Communities and Online Entrepreneurship
- Introduction to the importance of email and building communities in businesses
- Creators, such as Kylie Jenner and Mr. Beast, who create demand for their products through social media, will be future winners in business
- Mastering the community aspect of building is crucial for business success and can drive value for partnerships and product development
- Praise for the podcast host in building a newsletter with 25,000 subscribers focused on crypto and NFTs
- Advice from the guest on being a better entrepreneur and growing personally and in business
- The speaker's experience in eCommerce and marketing, including the viral success of his gold shade glasses with colored lenses
- Importance of learning necessary processes before delegating or using software in new ventures or old businesses
- Entrepreneurs today are focused on speed and innovation but starting "sweaty startups" can also lead to success
- Monetizing newsletters through building products, selling ads, or affiliate deals
- Email as a valuable communication channel with subscribers
- Challenges and lessons learned in maintaining and growing money
- The speaker's experience in investing in Bitcoin, Ethereum, and NFTs
- Excitement for the future and uncertainty surrounding technological developments
- Importance of learning processes for delegating tasks and making educated decisions
- Growing trend for individuals to seek out unbiased opinions from individual media sources, like newsletters
- Tips and strategies for starting a newsletter
Overall, this podcast episode covers a wide range of topics related to building communities, entrepreneurship, and online media. The guest provides valuable insights into his own experiences in eCommerce, marketing, and investing, as well as sharing tips for building successful newsletters. The importance of learning necessary processes, trying new things, and avoiding the lure of fast automation and money are key takeaways from this episode.
Episode Q&A
1. What is the importance of email in business communication?
Answer: Email is an amazing tool that allows individuals to communicate with others who are interested in hearing what they have to say.
2. Why is building communities important in today's business world?
Answer: Building communities is becoming increasingly important in the business world, and companies may no longer have separate customer service departments in the future.
3. Who will be the future winners in business?
Answer: Creators who can create demand for their products solely through social media, such as Kylie Jenner and Mr. Beast, will be the future winners.
4. What is the key to successful business?
Answer: To be successful in business, mastering the community aspect of building is crucial and can drive value for partnerships and product development.
5. What are some tips for being a better entrepreneur?
Answer: The speaker advises trying things and figuring things out to fully understand ventures, and taking the time to learn necessary processes before delegating tasks or deciding which tools to use.
6. What is the speaker's background in entrepreneurship?
Answer: The speaker started in eCommerce with many trials and errors but learned his capabilities in scaling brands quickly. Prior to eCommerce, he co-founded a door-to-door solar sales company and had to learn marketing skills to generate leads and revenue.
7. What is the speaker's experience with hoodies?
Answer: The speaker sold hoodies for $50-60 when they were 16-17 years old, and one of his hoodie designs got banned which led him to switch schools and start a new clothing brand to cater to the demographic of his new school.
8. What is the importance of learning necessary processes in entrepreneurship?
Answer: It is crucial to learn the necessary processes and gain a deep understanding of the tasks before delegating them to someone or deciding which tools to use.
9. What are some monetization options for newsletters?
Answer: Monetization options for newsletters include building your own product, selling ads, and affiliate deals.
10. Why are newsletters valuable in business communication?
Answer: Building a newsletter is valuable because it provides a direct form of communication with subscribers that is not available on social media, and newsletters are currently a popular way for individuals to stay updated and receive unbiased opinions.
