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.
The Money Lab Podcast is Now On YouTube
Big news, folks: we are now hosting the Money Lab show over on YouTube. We’ll be recording all our business conversations on camera. AND, because it’s video, we can actually show you how our businesses run. It’s a behind-the-scenes and on the screens look at what it takes to run an online business. Plus, let's be real: YouTube has way better search-ability and discoverability than podcast players. And you know how much we care about doing things that actually work for our online businesses!
So if you want to follow along and get new episodes, visit YouTube.com/MoneyLab. See ya on the Tube!
Long-Term Success with Miles Beckler
Has Matt found his online doppelgänger? Miles Beckler, of digital marketer YouTube fame and Milesbeckler.com, joins the show to talk all things online entrepreneur. Matt and Miles both run niche sites that they've had for years and years. They both run tons of experiments and share what they've learned online. And they both have a super strong hat game (have you seen their YouTube thumbnails?), So how do you stay committed to a businesses over the years without any viral, hockey stick moments? What are the small, boring things that add up to long-term success? And how do you have fun in the long-run? Enjoy!
P.S. You can check out Miles at YouTube.com/milesb
Online Business Experiment Formulas
Matt just ran two business experiments that failed miserably. But they ended up being really valuable learning processes. Matt and Andrew discuss how to run useful, measurable tests in an online business. How do you come up with a legit hypothesis? How do you get meaningful data and results? And how do you move on if you find out it doesn't work? If you've ever wondered if something like Pinterest or starting a podcast would (or wouldn't) work for your business, this episode is for you. Enjoy!
P.S. You can binge-read all of Matt's business experiments from the last few years here: Moneylab.co/content
5 Questions: Dying Industries, Side Hustles and Business with Friends
It's listener question time! From changing course in a dying industry to starting a business with a friend, Matt and Andrew debate the answers to your burning questions:
What would you if your niche site was in a stagnant or dying industry?
What are your favorite strategies for helping drive traffic to the newer websites you have built?
What's the best side hustle to start right now?
How do you set up and structure a business with friends?
And how do you find your own Andrew or Matt?
Keep your questions coming! We'll be doing more of these in the future, so head over to MoneyLab.co and email us your Qs to get yourself some As.
The Profit First Framework
What does it actually mean to run a profitable business? Matt breaks down how he uses the Profit First accounting model to manage and allocate money made in his online business. Matt explains how he divides up his business revenue into certain Target Allocation Percentages and how this framework has helped him: 1) Pay himself more money as the business owner, 2) build up an account with reserves in it, and 3) have more than enough saved up for taxes every year.
Matt and Andrew talk about how they pay themselves from their businesses and make sure they have enough of a buffer for lean times. If you've ever looked for a better way to divide up the money your business brings in, this episode is for you. Enjoy!
P.S. You can see and download Matt's Profit First spreadsheet on YouTube.
P.P.S. Check out the Profit First book here: ProfitFirstBook.com
I'm Losing $176,929 in Revenue. Now What?
Amazon just ripped the rug out from underneath every affiliate marketer, announcing their plan to slash affiliate marketing rates. And with just 7 days notice. Matt's business is set out to lose a whopping $176,929 with this change -- that's 40% of his entire business. So what does he plan to do about it? How does it affect Andrew? And what can every Amazon Associates member do going forward? Matt and Andrew spend the episode coming up with solutions in real time and trying to figure out the path forward. Enjoy!
P.S. You can read about Matt's entire plan of action at Moneylab.co
P.P.S. Matt and Andrew posted a video recording of this episode over on the Money Lab YouTube Channel.
Customer ReviewsSee All
It’s worth a listen if you’re either curios about online business or if you’re the sorta person that finds yourself talking shop all the time. But, if you’re just getting started like me they’re having issues that are probably over your head which can be motivating (hopefully).
Just cause you asked Matt: 🍆
I am binge listening to this podcast and LOVE IT! I wanted to tell you that episode 16 about all the equipment with you and Andrew was great! I took notes and laughed my buns off. I listen to LMM too always loved you two on that one.
Okay that’s all!
Keep up the great info and laughs!!