Podcast Summary
Unexpected opportunities from determination and adaptability: Determination and adaptability can lead to unforeseen opportunities. Stay open to new possibilities and be willing to adapt when plans don't go as intended.
Determination and adaptability can lead to unexpected opportunities. In this episode of Trading Secrets, host Jason Tardick continues his conversation with Nick Beyel, discussing Nick's various business ventures, acting career, and even his experience on Dancing with the Stars and The Bachelor. Nick shares how he initially hoped to be on Dancing with the Stars for the fun and credibility, but when that didn't work out, he found himself on The Bachelor instead. Despite initially being unsure about the opportunity, Nick's strong fan base and previous runner-up status made him a desirable choice for the show. Nick reveals that he may have negotiated the deal due to having few other options, but he ultimately agreed to do The Bachelor regardless of the financial compensation. This story illustrates the importance of staying open to new opportunities and being willing to adapt when plans don't go as intended.
Don't Miss Out on Opportunities for Small Financial Gains: Prioritize opportunities for long-term growth over short-term financial needs, and be cautious when partnering with questionable individuals.
Opportunities, especially those that come with significant exposure, should not be passed up for petty reasons like money. Nick Viall, a reality TV personality, shares his experience of turning down a lucrative offer to be on a reality show because he needed money at the time. He regrets his decision and wishes he had prioritized the opportunity over the financial need. In the long run, he believes that anyone offered such a role should not haggle over small amounts of money as the potential benefits far outweigh the costs. Additionally, Viall's post-reality TV career involved both successes and failures in business. One of his biggest failures was partnering with the wrong people in a subscription box business, which he calls "The Polished Gent." Although he didn't lose any money, he lost the opportunity to grow a quality business due to his partners' intentions to "pump and dump" the product. This experience taught him the importance of aligning himself with trustworthy individuals and focusing on delivering a quality product before marketing it.
Early days of Bachelor Nation podcasting had genuine intentions, now driven by monetization opportunities: While some can monetize their Bachelor Nation following, it requires hard work, dedication, and execution beyond just having a large following.
During the early days of podcasting within the Bachelor Nation community, individuals had more genuine intentions and were not driven solely by the perceived monetization opportunities. However, in today's world, the perception of opportunities to make significant income from social media following has become more apparent, leading to a larger number of people trying to monetize their following, even if they don't have the necessary determination and follow-through. The reality is that only a small percentage of individuals who go on the show can truly monetize their following, but even a following of 10,000 can potentially bring in some income. However, it's crucial to understand that building a successful brand or business requires more than just a following; it demands hard work, dedication, and execution.
Leveraging Reality TV for Personal Branding and Reaching Large Audiences: Passion, value-addition, and credibility are essential to monetize and sustain a following from reality TV. Building trust and expertise is key to standing out in a competitive landscape.
Going on reality TV shows like The Bachelor can provide opportunities for building personal brands and reaching large audiences, but it requires genuine passion, value-addition, and credibility to monetize and sustain the following. The competition is fierce, especially for women, as the demographic for many products is female. The perception of having a large following doesn't always translate to financial success, and many people feel lost when they don't meet their monetization expectations. To stand out, one must prove their expertise and build trust with their audience.
Hard work and smart negotiation lead to content creation success: Consistent effort, dedication, and smart business decisions are crucial for success in content creation. Caitlin's daily engagement and Nick's unique IP ownership contributed to their respective achievements.
Success in content creation requires hard work, dedication, and smart negotiation. Caitlin's consistent effort across multiple platforms and Nick's ownership and negotiation of his podcast IP are key factors in their respective successes. Caitlin's daily engagement on social media and dedication to her business is often overlooked by peers. Her success on TikTok, Snapchat, and Instagram, as well as her podcast, is a result of her passion and commitment. Nick similarly attributes his podcast's growth to his love for producing and owning his show. He negotiated a unique deal, owning 70% of his IP and revenue, which allowed him to bet on himself and focus on creating content. Both Caitlin and Nick emphasize the importance of hard work and hustle in their respective industries. They didn't initially see financial rewards but stayed committed to their projects, casting guests, and creating content. Caitlin has produced over 300 episodes, and Nick is working on his 350th. Their success stories remind us that persistence and smart business decisions can lead to significant achievements.
Starting with dedication and passion: Believe in your content, improve consistently, and align goals with audience for credibility and loyal following
Passion and dedication played a significant role in the success of this individual's podcast. Starting with just one show a week, they were fully invested in the content and believed in their ability to deliver valuable relationship advice. They took feedback and continued to improve, maintaining consistency every week. Despite not making money up front, they focused on creating a high-quality product that resonated with their audience. By owning and operating the podcast, they were able to align their goals with those of their listeners, ultimately building credibility and a loyal following.
The Power of Opinions in Podcasting: Having strong opinions and being analytical can lead to engaging podcasts and a dedicated audience, like sports commentators who attract listeners with their critical takes.
Being opinionated and analytical can drive engagement in podcasting. The speaker, who gained success by sharing her thoughts on various topics, including the Bachelor, believes that having a strong opinion and being willing to discuss it, even if it goes against the popular consensus, can lead to lively discussions and a dedicated audience. She draws an analogy to sports commentators like Colin Cowherd, who are known for their critical takes on popular figures, yet continue to attract listeners. The speaker emphasizes the importance of asking "why" and having an analytical mindset, which can lead to deeper discussions and a more engaged audience. While being liked is nice, the speaker values the ability to articulate her thoughts and have meaningful discussions, even if they may not be popular or agreed upon by everyone.
Expressing Opinions in Business: Balancing Authenticity and Diplomacy: Be authentic in business, but also consider potential consequences and find a balance between work and personal life. Navigate complex relationships with assertiveness, empathy, and self-awareness.
In business, it's important to express your opinions honestly and articulately, even if it means disagreeing with others or potentially causing tension. However, separating personal and business life can be challenging, especially when it comes to managing interactions with colleagues or business partners at social events. It's essential to find a balance between work and personal life and be willing to have tough conversations while also being mindful of potential repercussions. Additionally, being authentic and standing by what you say is crucial, but it's also important to acknowledge when you may be wrong and move on. Overall, being able to navigate the complexities of business relationships requires a balance of assertiveness, empathy, and self-awareness.
Moving forward and building stronger connections: Own decisions, take responsibility, communicate effectively, and approach conflicts respectfully to build stronger connections and learn from mistakes.
Holding grudges and blaming others for our problems won't get us very far in life, business, or relationships. According to Nick Viall, it's important to own our decisions, take responsibility for our actions, and have open and honest conversations when conflicts arise. And, when we encounter people we don't like or have issues with, it's better to approach them respectfully and communicate effectively rather than holding grudges or talking negatively about them. Nick's success in business, as evidenced by his podcast's high number of downloads, is a testament to this approach. He encourages everyone to stand up for what they believe, stay accountable, and not take themselves too seriously. By doing so, we can move forward, learn from our mistakes, and build stronger connections with others.
The power of self-belief and ownership: Believe in yourself, take risks, and own your business for increased earning potential and personal growth.
Betting on yourself and owning what you have are key to achieving success. Nick Viall, a guest on the podcast, shared his journey from having nothing in the bank to building a successful business and podcast. He emphasized the importance of believing in oneself and being willing to put in extra effort to achieve one's goals. Additionally, he advised that whenever possible, individuals should strive to own their businesses as it can significantly increase their earning potential. Viall's experiences, from his time on reality TV shows to building his business, illustrate the potential for personal growth and success that can come from taking risks and believing in oneself. Overall, the episode highlights the importance of self-belief and ownership in navigating life, financial, and career paths.
Nick Viall's growth and humility on The Bachelor: Despite past controversies, Nick Viall shows sincerity, owns mistakes, and promotes open communication.
Nick Viall has shown significant growth and humility throughout his time on The Bachelor franchise. Despite his past relationships and controversial actions, he has proven to be a thoughtful and sincere person who stands by his words and takes ownership of his mistakes. His ability to have open and honest conversations, even with those who may disagree with him, is a valuable trait that is often lacking in many relationships and public discourse. Nick's experience and perspective as a prominent figure in The Bachelor Nation give him a unique authority to provide insightful commentary and play devil's advocate, helping to balance out the often polarized and heated discussions within the franchise.
Access vs. Credibility in Building a Personal Brand: Access opens doors, but credibility keeps them open. Leverage both to make a lasting impact.
Access and credibility are two different things when it comes to building a personal brand or making an impact. Access refers to the ability to get in front of people or opportunities due to various reasons such as relationships, experiences, or circumstances. Credibility, on the other hand, is the ability to maintain and grow that opportunity by demonstrating expertise, knowledge, and value. It's essential to understand this difference and leverage both access and credibility effectively. The speaker shared his personal experience of using access to build a conversation with a CEO and then leveraging credibility to make it a meaningful interaction. This concept applies to various aspects of life and business, and it's crucial to bet on oneself and believe in what one does to maximize the potential of both access and credibility.
Being Polarizing for Success: Striking a balance between authenticity and polarization is essential for long-term success and positive public perception.
Being polarizing can lead to more success in various fields, including reality TV and media, as it generates more engagement and attention from audiences. However, forgetting one's authentic self and leading a life that rubs people the wrong way can have negative consequences. The Bachelor franchise serves as an example, where some leads lose focus of who they are and become more polarizing, leading to more success but also more criticism. This phenomenon is not limited to the reality TV world, as seen in media personalities and politicians who use polarizing tactics to gain attention and ratings. Ultimately, striking a balance between authenticity and polarization is crucial for long-term success and positive public perception.
Polarizing Figures: Creating Contention and Division: Polarizing figures aggressively express and defend their opinions, leading to significant contention and division among different groups, potentially resulting in greater success but at the cost of creating conflict and controversy.
Colton, while some may find him polarizing due to his self-centered actions, true polarizing figures are those who aggressively express and defend their opinions, creating significant contention and division among different groups. Gary Vaynerchuk, for instance, is lovable yet polarizing due to his aggressive sales pitch and unwavering opinions. Ultimately, being polarizing can lead to greater success, but it comes with the cost of creating conflict and controversy. The speaker acknowledges that they and their close friend have different levels of polarizing tendencies, with the friend being more polarizing in their comfort zone, while the speaker chooses to be more selective with their opinions to avoid potential conflicts of interest.
Navigating personal brand as a Bachelor alum: Maintain authenticity and engage fans to expand beyond The Bachelor's audience while staying true to your personal brand.
Being a former contestant on The Bachelor comes with unique challenges, particularly when it comes to building a personal brand. While there's an audience that supports and follows you from the show, there's also a fine line to walk between maintaining that following and branching out into new areas. Anything outside of the Bachelor franchise may not perform as well, and fans may crave more from their favorite contestants. The comparison to a business like McDonald's selling shoes is apt - it's important for contestants to stay true to their brand and audience. Success stories like Hannah Ann, Rachel, and Caitlin demonstrate that it's possible to expand beyond The Bachelor, but it requires effort and authenticity. Fans want to see more of the person behind the Bachelor persona, and it's up to the contestants to sell themselves and keep their followers engaged.
Recognizing the Right to Monetize Platforms: Instead of focusing on influencer ads' annoyance, appreciate their new content and projects.
While it's understandable for fans to feel irritated when their favorite influencers promote products or services, especially when it comes to ads, it's essential to remember that these individuals have earned the right to monetize their platforms. Instead of focusing on the annoyance, fans should look forward to what new content or projects the influencer will bring next. The book trend in The Bachelor space is a prime example of this, with many former contestants releasing books, some of which may seem absurd but serve a purpose. It's crucial to recognize that everyone's career paths are unique, and society's expectations should not limit our understanding of how people make a living. The recent trend of leaving traditional jobs to start businesses and work for oneself is a testament to this, as people seek fulfillment and autonomy beyond the confines of societal pressures.
Handling criticism as a creator: Be open to criticism, use it as a tool for growth, and expect it when putting yourself out there.
Creating and putting yourself out there, whether it's through a podcast or a children's book, comes with the responsibility of handling criticism. The speaker, who has had significant success with his podcast, acknowledges the importance of being open to criticism and using it as a way to grow and improve. He also emphasizes that if you're putting yourself out there, you're susceptible to it as well. The speaker also reflects on the past year, sharing that the first nine months were a grind but they're looking forward to sharing numbers and a year in review in their last podcast of 2021. He commits to being more open and in-depth in future episodes, and encourages listeners to tune in for what promises to be an informative and engaging episode.
