Episode Transcript
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Speaker 1 (00:00):
Okay, so we're back and ready for another deep.
Speaker 2 (00:03):
Dive, you know, always exciting.
Speaker 1 (00:05):
Yeah, and you know this one is something that you
flagged for us, which is the Luxury Chamber of Commerce's
membership drive this month. Yes, and it's interesting because we're
looking at like their promotional material, right and specifically it
looks like there's this big event happening on March seventeenth. Yes,
very big event, and it seems like they're really you know,
they're pulling out all the stops right, oh yeah, to
(00:27):
get new members to join before March thirteenth. But is
it worth it?
Speaker 2 (00:32):
You know, that's the question, isn't it?
Speaker 1 (00:34):
Yea? Is it it's cracked up to be?
Speaker 2 (00:36):
Yeah, well, it's certainly interesting just from the way they've
structured it.
Speaker 1 (00:39):
Okay.
Speaker 2 (00:39):
You know, it seems like they're trying to really tap
into that like you know, exclusive club kind of psychology.
You know, this is a limited time offer to you know,
join the ranks of all the movers and shakers in
South Florida.
Speaker 1 (00:53):
Right amongst the elite.
Speaker 2 (00:54):
Yeah, exactly, exactly. And you know it's a classic marketing tactic,
particularly effective in the luxury market. Like that creates that
sense of urgency, you know, the fear of missing out.
Speaker 1 (01:05):
Oh totally, like you know, got to get in now
or you're going to miss.
Speaker 2 (01:07):
The boat exactly.
Speaker 1 (01:08):
Okay, so let's like break down the specifics here. Yeah,
the big thing they're promoting is this March seventeenth networking party.
Speaker 2 (01:15):
Right.
Speaker 1 (01:16):
They're really like, you know, hyping up this like elite.
Speaker 2 (01:20):
Guest list, right, all the big names will be there.
Speaker 1 (01:23):
But what does that even mean?
Speaker 2 (01:24):
Yeah, that's the thing, you know.
Speaker 1 (01:25):
Are we talking like Fortune five hundred CEOs?
Speaker 2 (01:29):
Yeah?
Speaker 1 (01:29):
Or we talking like, you know, like the local influencers,
you know what I mean.
Speaker 2 (01:33):
Yeah, that's a good question. Without any like concrete names attached,
it's really hard to gauge the true value. They do
mention connecting with investors though, Okay, and that's certainly a
big draw for a lot of people, But you know,
I think you really need to think about your own
specific business goals. Would rubbing shoulders with you know, real
estate moguls be more beneficial than you know, networking with
(01:56):
like tech startup founders for example.
Speaker 1 (01:59):
Yeah, it's like, who are you at actually trying to
connect with?
Speaker 2 (02:01):
Exactly? It's about finding the right connections, not just the
most you know, impressive sounding.
Speaker 1 (02:06):
One, right, Quality over quantity for sure?
Speaker 2 (02:08):
Absolutely.
Speaker 1 (02:08):
Okay. So let's say you decide to take the plunge
and join before this March thirteenth deadline. Okay. One of
the things they offer is this you know, microphone intro
on stage at the event.
Speaker 2 (02:21):
Oh yeah, that's a big one.
Speaker 1 (02:22):
Right, And so you get called up, you get to
like share your story in front of this like supposedly
you know, influential crowd.
Speaker 2 (02:28):
Right, you get your moment in the spotlight.
Speaker 1 (02:30):
But is that is a thirty second elevator pitch really
going to make a difference? You know, well I could it?
Speaker 2 (02:36):
You know, think if it as like planting a seed. Okay,
You're not necessarily going to close deals right there on
the spot, right, but you're putting your name and face
out there in front of people who might not otherwise
know you exist.
Speaker 1 (02:47):
So it's more about just like initial awareness exactly.
Speaker 2 (02:50):
It's about building that initial awareness and recognition.
Speaker 1 (02:52):
Okay. And then they also have this thing where they
offer like a podcast intro.
Speaker 2 (02:56):
Oh yeah, on their Chambers podcast.
Speaker 1 (02:58):
Right, And so you know, exposure is always great, but
how big is their audience really? Yeah?
Speaker 2 (03:03):
That's the key question, And is.
Speaker 1 (03:05):
It relevant to your industry, right, Where these are.
Speaker 2 (03:08):
The people you're actually trying to reach exactly.
Speaker 1 (03:11):
So these are all things you kind of have to
like think about before you get too excited about this.
Speaker 2 (03:15):
Absolutely, you need to do your due diligence. Yeah, a
podcast feature can be very valuable, sure, but only if
it reaches the right audience.
Speaker 1 (03:24):
Right.
Speaker 2 (03:24):
You'd want to look into their show, see who they
have hosted before, you know, look at their download numbers,
all that good stuff.
Speaker 1 (03:31):
Make sure it's actually going to be worth.
Speaker 2 (03:33):
Your time exactly. Don't just assume it's going to magically
translate into leads and customers.
Speaker 1 (03:38):
Yeah. And then the other thing they mentioned is this
like magazine feature.
Speaker 2 (03:42):
Oh right, the write up in that premier business publication.
Speaker 1 (03:46):
Right, but again they don't really give specifics.
Speaker 2 (03:48):
Yeah, a little vague on the details.
Speaker 1 (03:49):
Yeah, So, like what magazine are we even talking about here?
Is it, like, you know, just a glossy brochure that
they print out and like hand to a few people, right, Or.
Speaker 2 (03:58):
Is it a legitimate public location?
Speaker 1 (04:00):
Yeah? Is it something that's actually established and respected?
Speaker 2 (04:03):
Yeah, because association matters, you know, being featured alongside other
successful businesses can lend you credibility. Sure, but only if
the publication itself, you know, actually carries some weight.
Speaker 1 (04:15):
Right.
Speaker 2 (04:15):
So again, you know, investigate their readership Okay, their circulation numbers.
Does it actually align with your target market? Right? These
details can make a huge difference.
Speaker 1 (04:24):
Okay. So beyond these like time sensitive.
Speaker 2 (04:28):
Perks, right, the stuff you get for joining before the deadline.
Speaker 1 (04:31):
Right. They also talk about like the ongoing benefits of
being a.
Speaker 2 (04:33):
Member, Yeah, like the long term value proposes.
Speaker 1 (04:36):
Right. They talk about you know, high value networking access
to you know, exclusive events, dinners mixer.
Speaker 2 (04:43):
Yeah, you get to be part of the inner circle.
Speaker 1 (04:45):
Yeah, and it sounds glamorous and all. Oh yeah for sure,
but you know how much does it actually cost? Right?
Speaker 2 (04:51):
There's always a price tag, Yeah.
Speaker 1 (04:52):
Both like financially and in terms of your time.
Speaker 2 (04:56):
Yeah, that's a crucial point. Membership fees can be significant.
Oh yeah, and these events, while you know, enticing, they
do require a commitment.
Speaker 1 (05:05):
Of course, you got to be there at to network.
Speaker 2 (05:06):
Exactly, And you know, you really got to ask yourself,
could you achieve similar results through other, maybe more targeted
networking opportunities. Okay, are there industry specific events or conferences
that would offer a better return on your investment.
Speaker 1 (05:22):
Yeah, that's a good point.
Speaker 2 (05:24):
You have to weigh your options carefully.
Speaker 1 (05:26):
Then they also push this idea of like brand elevation.
Speaker 2 (05:29):
Right through association with the Chamber.
Speaker 1 (05:31):
Right, does that actually hold any water, you know, in
today's world?
Speaker 2 (05:35):
Yeah? Is it just marketing fluff?
Speaker 1 (05:37):
Yeah? Exactly.
Speaker 2 (05:38):
Well, it can have an impact, particularly if the Chamber
is well regarded in your industry, but it's not a guarantee.
Speaker 1 (05:44):
Okay.
Speaker 2 (05:45):
Ultimately, your own actions and reputation are going to matter more.
Speaker 1 (05:48):
So don't rely just on that like borrowed prestige exactly.
Speaker 2 (05:51):
Don't become complacent. You have to build your own brand, okay.
Speaker 1 (05:54):
And then finally they highlight the you know, marketing and
media exposure.
Speaker 2 (05:59):
Right through the Chamber, his own channels.
Speaker 1 (06:01):
Their website, their social media all exactly.
Speaker 2 (06:03):
They've got a platform they're willing to share.
Speaker 1 (06:06):
But it comes down to specifics. You know, how active
are their social media platforms? Right?
Speaker 2 (06:11):
Do they actually have a following?
Speaker 1 (06:13):
Yeah? Do they have a big robust email list? You know?
Speaker 2 (06:16):
Do they actually produce content that people want to read
and share?
Speaker 1 (06:20):
Right? Is it high quality? Is it engaging?
Speaker 2 (06:23):
Yeah? These are all important questions.
Speaker 1 (06:25):
Yeah, don't just take their word for.
Speaker 2 (06:26):
It, exactly. You need to look under the hood.
Speaker 1 (06:29):
Yeah, evaluate the effectiveness of their existing marketing efforts before
assuming that you're going to benefit from.
Speaker 2 (06:36):
Them, Right, do your research.
Speaker 1 (06:37):
Okay, So it seems like overall it's kind of a
mixed bag.
Speaker 2 (06:40):
Yeah, a little bit of good, a little bit of bad.
Speaker 1 (06:43):
Yeah. You know, there are some potentially valuable opportunities.
Speaker 2 (06:45):
Here, definitely, but a healthy dose of skepticism is warranted.
Speaker 1 (06:49):
Yeah. I think that's a good point.
Speaker 2 (06:51):
Don't get swept up in the hype.
Speaker 1 (06:52):
Yeah, don't just buy into the exclusivity thing, exactly. Dig
a little deeper, do your research, you know, compare it
to other options.
Speaker 2 (07:00):
And you know, one thing that strikes me is how
this entire campaign reflects the Chamber's own goals. What do
you mean, Well, they're clearly pushing for rapid growth and visibility.
They need new members and they need them fast to
make this whole event a success. So that in itself,
you know, is valuable information for you.
Speaker 1 (07:21):
Yeah, I mean knowing their motivations can help you navigate
the situation a.
Speaker 2 (07:25):
Little better, exactly. It gives you a different perspective.
Speaker 1 (07:28):
And so on that note, you know, here's something to
think about if you were to stand on that stage
at the March seventeenth event. Okay, what would be your
key message to that audience? Yeah, what's your elevator pitch exactly, Like,
what's the one takeaway that would make them remember you
and your business?
Speaker 2 (07:48):
That's the million dollar question.
Speaker 1 (07:49):
Yeah, food for thoughts as you weigh your.
Speaker 2 (07:52):
Options, something to consider.
Speaker 1 (07:53):
All right. Well, thanks for another deep dive.
Speaker 2 (07:55):
As always, it's been a pleasure.
Speaker 1 (07:57):
Yeah, and we'll see you next time.
Speaker 2 (08:00):
Looking forward to it.
Speaker 1 (08:01):
All right, take care you do