Well, hello everybody and welcome to another amazing episode of Unstoppable Success.
Speaker AOn this podcast, as you know, we hear from amazing leaders, influential people that are doing it out there and have unstoppable success.
Speaker AThey're going to share, they, they share their tips, their tricks, their insights and all the good things.
Speaker AI'm your host, Jaclyn Strominger and today I get to welcome to the stage and to the podcast Adam Torres.
Speaker AAnd let me tell you a little bit about Adam.
Speaker AFirst of all, I'm super honored because he is a top 2% podcast host, global media executive and the, and he is the author of the number one best selling book, One Billion Podcasts the Future of All Media.
Speaker AAdam has garnered over 25 million views as the Mission Matters podcast pass powerhouse host and his series is heard in 180 countries.
Speaker AWe're working our way there.
Speaker AHe is hailed by audiences as the new Larry King.
Speaker AAdam is known for creating warm, engaging and insightful conversations with some of the world's most influential figures, including world leaders, se suite executives, celebrities, top athletes and industry shaping innovators.
Speaker AAll that great stuff.
Speaker AWelcome to Unstoppable Success.
Speaker AAdam.
Speaker BJaclyn, we're finally doing this.
Speaker BI'm so excited to be on your show, Unstoppable Success.
Speaker BLet's go.
Speaker AYeah.
Speaker ASo Adam, okay, first of all, what made you get into podcasting?
Speaker BI, I will not say that it was a plan or that I knew that was happening.
Speaker BSo just for everybody listening, you know how it's easy to look at what somebody's doing to be like, oh, they had this plan or maybe they were really smart and they were strategic and all these other nice things that we like to att to people, I was none of those.
Speaker BNor was I made, nor was I made for podcasting, just FYI.
Speaker BSo I started out, I tell people all the time and it's actually in my most recent book, One Billion Podcasts.
Speaker BI talk about it all the time.
Speaker BLike I say in the book, I'm like, well, I was the world's worst podcaster when I started.
Speaker BI didn't even use my own, my real name, literally.
Speaker BI was so deathly afraid that people would know that I even had a show.
Speaker BSo true story, true story.
Speaker BSo and so like I tell people all the time, I'm like, like don't think where somebody's at or what they're doing.
Speaker BThey were necessarily built for that or that was the plan.
Speaker BSo I had no inclination of getting into podcasting.
Speaker BThe way it started was we had this book that we put out and we wanted to sell some more books, myself and the other co founder here, Chirag, and one day he says, adam, we need to start a podcast.
Speaker BI don't even know that I knew what a podcast was, by the way, Jacqueline.
Speaker BI don't even think I knew what it was.
Speaker BAnd.
Speaker BAnd I'm like, okay, of knew.
Speaker BMaybe I heard.
Speaker BI don't know.
Speaker BAnd then I'm like, well, who's gonna do it?
Speaker BAnd he's like, well, I can.
Speaker BSo our business relationship, you know, his side of the deal is that he.
Speaker BHe's busy working and.
Speaker BAnd partnerships, bringing in deals, things like that.
Speaker BHe's like, well, if you want me to decrease some of my sales activity, then maybe I should host the show.
Speaker BAnd I'm like, no, no, no, it's fine.
Speaker BLike, just tell me what I gotta do.
Speaker BKeep working, Chirag.
Speaker BWe need you doing what you do, bringing in those deals.
Speaker AI was gonna say, did you rock, paper, scissors?
Speaker AIt's.
Speaker BNo, you didn't hear what I just said.
Speaker BI was laughing.
Speaker BI'm like, cash flow is the lesser oxygen.
Speaker BNo.
Speaker BSherrod, go get us some more oxygen tanks.
Speaker BOkay?
Speaker BKeep this business alive.
Speaker BI'll talk behind the mic, whatever.
Speaker BAnd so then he was the first interview.
Speaker BAnd I don't even know if our first 300 episodes, Jacqueline, they weren't even edited.
Speaker BThey were like, you couldn't.
Speaker BI don't even know if you could call it a show.
Speaker BYou could have called it tape recordings of Adam and his buddies and his business partner and his, like, people that he wanted to do business this with.
Speaker BAnd we just uploaded them.
Speaker BThat was literally.
Speaker BIt not edited, nothing.
Speaker BPut them up, put them out there, and we built an audience.
Speaker BAbsolutely unbelievable.
Speaker AYeah, well, okay, so I have to say, I tend not to edit ours because I like the authenticity of the conversation.
Speaker AAnd I think it's.
Speaker AIt's fun for.
Speaker AI want people to hear what's going on.
Speaker ABut I'm curious about when you started.
Speaker AOkay.
Speaker ASo, you know, what was the ultimate, like, objective?
Speaker AYou said you wanted to sell more books.
Speaker BYeah.
Speaker BSo I was there.
Speaker BFor me, there was no objective.
Speaker BI didn't even know what it was.
Speaker BLike, I really did.
Speaker BAnd Chirag just said, like, we need to do this so that we can market, so we can sell more books.
Speaker BWe had a book publishing company at this point.
Speaker BWe'd done some.
Speaker BSo we published books, and I published my biography, or, excuse me, I published one of my books, and it was called Money Matters.
Speaker BWe got some traction, and then we developed this model around that you remember the old Chicken Soup for the Soul, like that old like anthology model, Jack Canfield, Deepak Chopra, all the, you know, the greats back then.
Speaker BSo I thought about it and I created this model and I was like, well, let's do an anthology series, but let's make it for entrepreneurs.
Speaker BAnd so we launched that and it became a bestseller.
Speaker BAnd just fast forwarding that, We've published over 400 authors now.
Speaker BWe have a good book publishing division.
Speaker BAnd one of my claim to fames are just one of my favorite books that we've published.
Speaker BNo offense to anybody else, but I'm from Michigan, I'm from Detroit originally.
Speaker BAnd we published Barry Sanders autobiography, Bye Bye Barry.
Speaker BSo that was just, I mean, dream come true, you know, growing up watching Barry play and then getting to publish his autobiography.
Speaker BI mean absolutely dream come true on my end for a book publisher, I can't.
Speaker BThat was just amazing.
Speaker BBut I, we wanted to sell more books, so we were thinking about the marketing side.
Speaker BAnd the good thing is Chirag came from a media background.
Speaker BI didn't.
Speaker BSo I, he'd already built a media company, I think multiple at that point.
Speaker BAnd myself, I was from the finance side of things.
Speaker BSo I was, I was in finance.
Speaker BI managed a little under $200 million and I had a 14 year career in financ before getting into media.
Speaker BSo for me, I was just doing kind of what I was told and I, to me it was again, tape recording.
Speaker BThe original name of the show could have been tape recordings with Adam.
Speaker BAnd that's it what they were.
Speaker BAnd you speaking of not editing, here's the funny part.
Speaker BSo for those new podcasters out there, I like what, I like your positioning better, Jacqueline, where you want the authenticity.
Speaker BBut this was what I would say when people would tell me, they'd be like, because back then the editing, like you had to edit just to make the sound quality better.
Speaker BNow your zoom and everything else that we're recording on now, a good mic zoom like you get, you like 80, 90% there because it's, it's such good quality.
Speaker BBut back then that was not the case.
Speaker BSo, so people would be like, I'd have friends and other people, they'd be, Adam, you know, the, the audio, I don't know, it sounds a little off or it's a crackly or this, that.
Speaker BAnd I'm like, really?
Speaker BLet me work with the editors.
Speaker BLet, let's figure this out.
Speaker BLet me, I, I'll work on it, I'll work on it.
Speaker BAnd, and then the next Week be the same thing.
Speaker BAdam, what's the, like, what's going on here?
Speaker BLike, the edit.
Speaker BI said, okay, I'm.
Speaker BI think we found the.
Speaker BListen to it again.
Speaker BI just wanted downloads, Jaclyn.
Speaker BWe weren't doing anything.
Speaker BAnd the funny thing is when some people would be like, yeah, I think that episode was a little better.
Speaker BIt sounded like they fixed what I'm like, really?
Speaker BOkay, listen to the next one just to make sure that they keep it consistent.
Speaker BNobody editing those.
Speaker BGive me the download.
Speaker BI want the download.
Speaker ARight?
Speaker AYeah, right.
Speaker AWe want the download.
Speaker ASo, like, make sure people.
Speaker AWe want the listener zoo on all of that.
Speaker ASo.
Speaker ASo when you were talking about books, I was.
Speaker AI was.
Speaker AIt's not just your own book publishing, so.
Speaker BYeah.
Speaker ASo I want to go back.
Speaker ALike, how did you get into book publishing if you went.
Speaker BI didn't want to do that either.
Speaker BSo all of these are, like, you'll notice a theme here of me not.
Speaker AI don't want to do things, and.
Speaker BThen people roping me into it.
Speaker BAnd if you're listening to this right now and you have something you want me to do.
Speaker BNo,.
Speaker AI have an idea for something.
Speaker AI'm gonna talk.
Speaker BNo, no.
Speaker BI want to start any more business.
Speaker BI want just.
Speaker BNo.
Speaker BOkay.
Speaker BSo this is how they wrote me into this one, Jacqueline.
Speaker BAnd that.
Speaker BThat was astute.
Speaker BI didn't know you were gonna go there, but.
Speaker BSo another thing I didn't want to do.
Speaker BBut, you know, in retrospect, God has other plans for you.
Speaker BSo we make plans so God can laugh, Right?
Speaker BThere goes the saying.
Speaker BSo he was laughing at this one, or she was laughing at this one, Whoever.
Speaker BSo I.
Speaker BSo I put out my first book, which I didn't want to do that either.
Speaker BSo my very first book, money Matters, I had just started my own firm, so I'd been working in finance for a long time.
Speaker BAnd then my mentor, he says, adam, you gotta write a book.
Speaker BAnd I'm like, I don't want to write a book.
Speaker BLike.
Speaker BAnd at this point in time, I didn't know anything about branding marketing.
Speaker BI didn't even know about the benefit of sharing your story.
Speaker BComplete novice.
Speaker BRemember, I was completely left side of the brain.
Speaker BAnd from the standpoint of I grew up in finance.
Speaker BI started at my first firm when I was 16.
Speaker BSo all I thought about was.
Speaker BWas, like, numbers and finance.
Speaker BAnd I had that type of person in my life that I spent the majority of my day with.
Speaker BAnd even conversations I had, like, through the course of business, they were always left side of the brain.
Speaker BLike, that's just the way it was.
Speaker BSo when he says this, I'm like, man, what do I. I don't get broke.
Speaker BPeople write books.
Speaker BThat's what I told him.
Speaker BAnd he started laughing.
Speaker BI'm like, why do I care about a five dollar product?
Speaker BLike, this is stupid.
Speaker BI move millions of dollars.
Speaker BLike, broke people write books.
Speaker BWhy am I going to do that?
Speaker BAnd he's like, yeah, but you hired me, and I'm telling you that this is what we need to do.
Speaker BAnd I'm like, okay, well, that I can respect.
Speaker BI do listen to my mentors.
Speaker BHe'd accomplish some things that I didn't, you know, that I haven't at that time.
Speaker BAnd I'm like, okay.
Speaker BSo I listen.
Speaker BSo I go forward.
Speaker BI write the book.
Speaker BAnd we did again, self published.
Speaker BI call it My Ugly Duckling.
Speaker BI keep it by my desk so other people could see it.
Speaker BThis should be an inspiration.
Speaker BThe design is so bad that I say anyone can do as very go online.
Speaker BIf you're watching the video, you see this is like, it's got a little bit of, like, damage over here that's in the design.
Speaker BLike, it's not.
Speaker BIt's not professional.
Speaker BBut this is before we had a book publishing company, before we were in that business.
Speaker BI just did it to check a box.
Speaker BBut the crazy thing was this.
Speaker BEven though I did it to check a box for my mentor, we started.
Speaker BI started getting these inbound inquiries, like on LinkedIn.
Speaker BCompletely cold, by the way.
Speaker BAnd I was.
Speaker BI found myself on speaking tours as far away as China.
Speaker BAnd I'm like, what.
Speaker BWhat is this?
Speaker BThese people are crazy.
Speaker BI thought it was scams at first.
Speaker BI'm like, what?
Speaker BYou're gonna wait, you're gonna pay?
Speaker BBut then I saw the companies, they work for, companies like Moody's Analytics, I mean, huge companies.
Speaker BAnd I'm like, well, I'll.
Speaker BYou know, I'll take that check.
Speaker BThat's fine.
Speaker BAnd.
Speaker BAnd then from there, I. I thought these people were crazy.
Speaker BFirst off, I'm like, it's amazing.
Speaker BGreat, whatever.
Speaker BAnd it was accomplishing what I wanted to do, because what I did was I use it as my business card.
Speaker BSo I gave out tons of these books, and people started continuing to do business with me.
Speaker BSo what my mentor said would happen did happen.
Speaker BAnd then what I didn't expect was that some of the people that I was now doing business with on the financial side of things, and some of my referral partners, they were like, man, Adam, I like what you did.
Speaker BBook can you help me do one?
Speaker BI'm like, I'm a freaking financial advisor.
Speaker BNo.
Speaker BAre you crazy?
Speaker BLike, what are you talk.
Speaker BGo to a book publishing company.
Speaker BWhat are you talking about?
Speaker BCan I help you?
Speaker BIt's ridiculous.
Speaker BSo I'm like, do you know who you're asking?
Speaker BLike, remember, go to the experts.
Speaker BI'm definitely not the expert, but for whatever reason, my story resonate everything else.
Speaker BAnd I said, well, if I am going to do it, I just, again, being a finance guy, I looked at all the models out there and I knew that, you know, writing a book is great.
Speaker BI highly encourage people.
Speaker BWe publish a lot of books, but.
Speaker BBut when you write them by yourself, it's kind of lonely.
Speaker BLike, you're by yourself.
Speaker BYou're by yourself promoting that book.
Speaker BSo the original thought process around the anthology model, which for those of you that don't know what that is, that just means a group of individuals come together.
Speaker BEverybody submits a chapter or a couple chapters, you put it together, and then all of you promote the book.
Speaker BSo it's more like a communal feel of a book.
Speaker BI was like, oh, that would work.
Speaker BSo then the initial group of authors, I lived in Beverly Hills.
Speaker BThey were a bunch of different business partners and referral partners and just people I wanted to do business with in Beverly Hills.
Speaker BI, I put out the call, hey, who wants to be part of this?
Speaker BPeople signed up and we all, we all threw in a couple thousand dollars so that we have money for marketing and to make it actually look a real book.
Speaker BAnd that's how I got into book publishing.
Speaker BIn fact, my book, my, my business partner.
Speaker BSo Chiragu, I mentioned a couple times that's how he originally, I, I, so I, I pitched him on being in the book.
Speaker BI'm like, hey, I'm gonna do this book thing.
Speaker BPeople are asking me to.
Speaker BDo you want to be part of it?
Speaker BHe's like, man, I don't want to be part of it.
Speaker BI want to be part of the business.
Speaker BAnd that's how that, that part of it started, too, was not a plan.
Speaker BDoing stuff people don't want me.
Speaker BThey asked me to do, Jaclyn, that I don't want to do.
Speaker ABut there's a theme here, and I think this is I kind of want to pull this out a little bit.
Speaker AI mean, it's, it's not just being in the right place at the right time, but it's, it's seeing an opportunity.
Speaker ABut at the end of the day, what you have done is you've found a Way to take something where people have asked you.
Speaker AIt's serving people.
Speaker AYou're serving to people who have asked and you've made that into a business.
Speaker AAnd it's.
Speaker AAnd it's.
Speaker AI mean, it started out from, from what I'm hearing from you is from the heart.
Speaker AOh, how can I help?
Speaker AAm I.
Speaker AIs that.
Speaker AWould you say that's a truth.
Speaker ATruth to that?
Speaker BI think that'd be giving me a little too much credit.
Speaker BWhat I would say more.
Speaker BSo you're right.
Speaker BEverything that you said is right.
Speaker BOther than maybe the intent.
Speaker BI was still in the end, still and more left brain.
Speaker BSo I was thinking of it more like I'm looking at a chart of a stock and I'm seeing a trend.
Speaker BAnd so when I see this trend, all I'm like, in finance, what do I want to do?
Speaker BWhen I, when I was actively by, by the way, for everybody listening, I haven't had licenses in many, many years, and I don't manage money anymore.
Speaker BBut what I was doing is you're listening for trends and you're listening for and watching for trends.
Speaker BSo for me and in the warmup, we were talking about like, you know, eyes, and I said, well, I don't see.
Speaker BI don't see the best, but I hear very well.
Speaker BThat's probably what makes me a decent host.
Speaker BBut listening.
Speaker BSo what happens is there's reoccurring themes.
Speaker BAnd I feel like all of us have people that are asking us for things, but you don't.
Speaker BEverybody doesn't always see the common thread there.
Speaker BSo all I was doing was I listen, I'm like.
Speaker BAnd I can't.
Speaker BI can't help but see something.
Speaker BAfter one person asked me, hey, will you help me write a book?
Speaker BThen another person asked me, then another person, and I'm like, there's something here.
Speaker BLike, there's a need.
Speaker BAnd then.
Speaker BAnd you.
Speaker BIf you look at the whole course of the business, I'll give you like just one other one.
Speaker BLike fast forward a bit.
Speaker BDuring COVID we weren't.
Speaker BAnd all of our products, by the way, we rarely have Mrs. At this company.
Speaker BOnly from the standpoint of we only launch stuff when people are.
Speaker BContinue to ask for it.
Speaker BLike, literally.
Speaker BSo if somebody's not asking for it, we don't.
Speaker BSo during COVID everything shut down in terms of conferences.
Speaker BAnd a big part of our revenue was, you know, speaking.
Speaker BAnd I go out, speak, I do all these other things and then podcasting and all these other.
Speaker BThe things that I get paid to do which bring in Revenue for the company, which, you know, pay salaries.
Speaker BBut when everything closed down, there's no more conferences.
Speaker BPeople started asking, hey, will you help us launch a podcast show?
Speaker BAnd I.
Speaker BAt first, I'm like.
Speaker BI'm like, no, that's not what we really do.
Speaker BWe don't bring on clients.
Speaker BWe do it internally.
Speaker BSure, we.
Speaker BAnd then I'm looking at.
Speaker BI'm like, well, our team does have some bench time.
Speaker BSo then those people that wanted us to help launch it, I was just, you know, we're very transparent.
Speaker BHey, we haven't done this for other people.
Speaker BWe obviously have the capability, and you understand that.
Speaker BBut if you're willing to be the, you know, the guinea pig beginning, we're probably better than most others because we've grown and done all the things that you want us to do, we've already done for ourselves.
Speaker BBut some of those processes internally may be a little clunky in the beginning because they have to be built out, you know, to an enterprise level, whether it's the project management and all the other things.
Speaker BSo different processes.
Speaker BBut the initial clients were in.
Speaker BAnd now, to date, we've launched over 250 shows.
Speaker BBut that.
Speaker BAnd as.
Speaker BAnd as a company, we've put out over 10,000 episodes.
Speaker BAnd then myself and myself, just for doing interviews myself, I'm approaching 7,000 interviews.
Speaker BSo we are, you know, arguably one of the most experienced outfits, I would argue, in podcasting.
Speaker BI'm not going to say the biggest, but we're pretty.
Speaker BWe're pretty experienced, I would argue, but that was just listening.
Speaker BSo I'm just.
Speaker BIt's just listening to the market.
Speaker BThat's more so I like to think the heart in there, that's.
Speaker BThat's a piece of it.
Speaker BBut the first part is like listening and not overextending.
Speaker BCan we do it?
Speaker BIs this worth us figuring out?
Speaker BAnd if it is, and if we can, then we move forward.
Speaker AThat's.
Speaker AThat's actually kind of really.
Speaker AIt's really great.
Speaker ASo that's a huge number of podcasts that you have done personally as those individual episodes of your own.
Speaker AOr are those also you being on guests?
Speaker AYou guessed it.
Speaker BNo, actually, I'll answer that in two parts.
Speaker BThose are individually episodes of my own.
Speaker BAnd that also wasn't the plan in the beginning at first, when the demand started increasing to come on the show.
Speaker BIn the beginning, we had to, like, for all the new podcasters out there.
Speaker BIn the beginning, we didn't have a website.
Speaker BWe didn't have anything.
Speaker BWe had to beg people.
Speaker BIf you Had a pulse you were getting on the show, period.
Speaker BI don't like is that put, you know, the, they got a pulse, they're breathing, put them on.
Speaker BI don't know how much longer, but whatever, get them on.
Speaker BSo that's the early days, but then the, as the, as the demand to come on the show kept increasing.
Speaker BSo, for example, last year we had over 30,000 applications to come on the show.
Speaker BSo as the demand kept increasing, I didn't want to tell people no.
Speaker BLike, I was, I just, I wanted, I felt like we were doing a great service.
Speaker BI didn't have all the business side of it completely figured out, but I was like, no, this is unique.
Speaker BThis is something we're doing.
Speaker BAnd then going back to God and maybe how you have, how he has plans for you that you don't know.
Speaker BI was already, even though I didn't know anything about hosting because of my years in finance, I was already, I didn't, I didn't think about it, but all those years, I was in a very similar mode of training.
Speaker BIt's the same type of conversations, and I was having those conversations up, you know, 10, 15, 17 hours a day already.
Speaker BSo then to translate that to podcasting, where, you know, I, I do.
Speaker BMy record is 91 interviews in a week.
Speaker BAnd, and my average for in the beginning was over 70 interviews a week.
Speaker BA little over 70 a week was my average.
Speaker BAnd right now, I like to say I'm kind of like a part timer because I only do 40 to 50 interviews a week right now, but I'll do a solid you hundred to two thousand interviews this year.
Speaker BAnd so I was, in those early days, I, I, the finance side of things was kind of wiring me for this.
Speaker BSo I don't recommend anybody do what I just said, nor do I think that they need to do it.
Speaker BGoing back to being the world's worst podcaster, the fact that I did, sometimes people are like, man, you got 7,000 or you're approaching 7,000 interviews.
Speaker AWhoa.
Speaker BThat's like, I'm like, yeah, and I'm still not a house, a household name.
Speaker BI got to get better.
Speaker BThere's a problem here.
Speaker AMaybe beef up that marketing.
Speaker BYeah, it's funny that you say that, because that's not our intent.
Speaker BWe could.
Speaker BIt's so interesting.
Speaker BLike, even my interview style right now, I'm talking about myself.
Speaker BTo answer the second part of your question about guesting, I just started guesting last year.
Speaker BI've been in this business going on 10 years.
Speaker BI just started guesting and the reason was the idea wasn't to grow my brand or my face.
Speaker BThe idea was to provide a platform for other people to tell their story.
Speaker BAnd the only reason I started guesting is my heart kind of changed on that.
Speaker BAnd I was like.
Speaker BAnd people were spreading so much misinformation into podcasting industry and around podcasting.
Speaker BAnd as I started going on people's shows, the number one question that people would always say is like, well, isn't podcasting, like, oversaturated?
Speaker BThere's too many.
Speaker BThere's this or that, whatever.
Speaker BAnd I'd be like, when somebody asked me that question, it means that no offense to the person, whether they're podcaster or otherwise, it just means they know nothing about the podcasting business.
Speaker BZero.
Speaker BBecause if you're asking that question, you don't know the numbers.
Speaker BI'm not saying they're not great hosts.
Speaker BArguably, many of them are better hosts than me.
Speaker BI'm not talking about hosting skills.
Speaker BI'm talking about understanding the business of it.
Speaker BAnd that's why I wrote that book.
Speaker BOne billion podcasts.
Speaker BThat was.
Speaker BThe central theme is to.
Speaker BIs to teach people the business of podcasting.
Speaker BAnd while right now is the greatest time to be starting a podcast, because there's only 4 million, roughly of them, depending on where you get your Data, it's over 150 million YouTube channels.
Speaker BPodcasting hasn't even begun.
Speaker BAnd people.
Speaker BAnd in the book I go through why that is, I go through and I juxtapose and make a case.
Speaker BIt's a case study between YouTube, why YouTube grew, why podcasting did not grow at the same rate, and now why podcasting is set and primed to grow to those levels of YouTube and beyond.
Speaker ARight?
Speaker AWell, that's so true.
Speaker ASo it's so interesting because, you know, a lot of people ask about, you know, know, show outputs, whatever, you know, and all those things.
Speaker AAnd people will say, you know, God, there's so many podcasts.
Speaker AAnd I'm always.
Speaker AAnd I'm like, it's a great way to get content out there.
Speaker AAnd it's.
Speaker AI'm surprised and I'm curious what you see if somebody appears on your show.
Speaker AHow often do you see them using the content?
Speaker BWell, first off, when they put.
Speaker BSomebody says, there's so many podcasts, that's an incorrect statement, right?
Speaker BSo you have to start at that.
Speaker BIf anybody says that, that means that they don't know what they're.
Speaker BThey're repeating information that's incorrect that they heard somewhere, but that have no idea.
Speaker BBecause when you look at.
Speaker BAnd I'll give, I'll give the reason.
Speaker BJust super brief on why there's 4 million versus the 100 something million in YouTube.
Speaker BAnd I'll give it, make it really quick.
Speaker BBut I want, because I want people to see why if they have that thought in their mind that wow, there's so many that they're just completely, absolutely wrong, period.
Speaker BAnd that they have to if they want to be in this business.
Speaker BIt's a paradigm shift.
Speaker BSo think about it this way.
Speaker BWhen YouTube starts started YouTube had.
Speaker BAnd they created, I think it was 2007, 2008.
Speaker BIsh.
Speaker BRoughly in those years they.
Speaker BNot, not when they started but when they created their partner program.
Speaker BTheir partner program for everybody that's listening.
Speaker BAll this means is that you upload a video, you can get paid.
Speaker BThat's it.
Speaker BSimple.
Speaker BAs simple as day.
Speaker BYou don't have to sell advertising, you don't have to do anything else.
Speaker BYouTube already took care of that through their partner program through.
Speaker BSo it was a centralized program.
Speaker BSo that means if you were a small, if you were, if you were small content creator and this is the early days, everybody got paid for the most part.
Speaker BLike it didn't have all these complicated hours and all these other hurdles you had to jump through to monetize.
Speaker BIt was like, hey, you're getting paid if we're getting paid.
Speaker BSo it was a very, very fair, equitable system in the beginning for podcasting.
Speaker BPodcasting grew out of radio, so everything was decentralized.
Speaker BThere was no central platform.
Speaker BSo what this meant is if you were to launch a podcast in the early days, your chances of monetizing if you weren't from the radio business or if you didn't understand that type of business were basically zero.
Speaker BWhy?
Speaker BBecause who's going to advertise on a small platform or who's going to advertise when there's basically no downloads?
Speaker BYou're just starting.
Speaker BThe answer is nobody.
Speaker BSo what happened for that is a lot of the early creators, maybe they, they didn't, they didn't stick with it.
Speaker BLike some of them did, some of them didn't, whatever, but they had like no chance of actually monetizing because there was no centralized area and there also wasn't what dynamic, the dynamic advertising concept didn't really apply to podcasting at all.
Speaker BAnd for everybody, that just so you know what that means, high level, not getting too complicated, all that dynamic advertising means is that when you, you put it, you don't have to put the ads on, on the, on the Channel yourself.
Speaker BThe, the platform does it automatically.
Speaker BAnd when the spend is done, just like you're watching tv, a new ad plays so you don't have to redo everything.
Speaker BFor podcasting, this didn't exist.
Speaker BSo what happens is it went, it was like out of, it was born out of radio.
Speaker BSo a host had to physically read the ad to get paid for the most part, or they had to insert it.
Speaker BBut the key here was you couldn't monetize a back catalog.
Speaker BWhy?
Speaker BBecause the host already read the ad.
Speaker BYou couldn't take the ad, you couldn't then take the episode down and re record it.
Speaker BPut it out there.
Speaker BSo I tell you all this just to educate you slightly on the background, the book the number one billion podcast.com completely free.
Speaker BIt goes further into that concept and it also gives you the numbers, the timelines, why.
Speaker BBut here's the big key and here's the, here's the light at the end of the tunnel.
Speaker BDynamic advertising is prevalent now in podcasting.
Speaker BThose numbers are going to continue to grow.
Speaker BSo the same benefits that YouTube had in the beginning, podcasting now has.
Speaker BSo that means even small creators can be rewarded, which means that this industry is going to get way more sticky.
Speaker BAnd the number is just one number to stick out.
Speaker B80% Of revenue now in the pot depending on where you get your data from podcasting, it comes from dynamic advertising now something that didn't even exist before.
Speaker BSo when you think about the trends now, let's couple one more quick thing.
Speaker BYou now look at other countries like Africa, look other that that are being brought online and that I, I interviewed a, a CEO of this solar company maybe a month or so ago and he was talking to me about how the World bank, you know this, they have this like, it's called 300 million like initiative.
Speaker B300 Million, something like that.
Speaker BAnd essentially their goal is to bring electricity to 300 million homes.
Speaker BAnd they've solved.
Speaker BSo this company alone, and I'm sure others are involved in this initiative too, have solved the concept of, of bringing electricity to these homes.
Speaker BAnd in this particular company's case, they're doing it at less than a do dollar a month.
Speaker BSo now you got hundreds of millions of people that are also going to be that much more plugged in.
Speaker BWhat are they going to go to first when it comes to creating the simplest thing ever, audio.
Speaker BSo now you're going to have, when I talk about 1 billion podcasts right now there's only 4 million, there's going to be 10 million, there's going to be 20 million, there's going to be 50 million, there's going to be a hundred million.
Speaker BSo you can right now 100% predict the trend and the future of this, which makes this the biggest media and business gold mine in, in existence, period.
Speaker BYou know, the trend of what's going to happen.
Speaker BAnd so even bad shows, no offense, I'll say my show, if my show's bad, my show, whatever, it's going to benefit from the trend alone.
Speaker BSo I, and I, I say that just for a slight education because the part of like content, you're right, Jacqueline.
Speaker BLike, it is content and it does, it lets you get out there and get your brand and all this.
Speaker BBut on a much, much higher.
Speaker BThat's, that's like table stakes.
Speaker BThat's like the beginning level of just what's a.
Speaker BBut for those that take this seriously and stick with it long term, they're going to create generational wealth from what they originally started as maybe a branding exercise or it was just fun, right?
Speaker AYeah.
Speaker ASo it's been interesting about that from the standpoint of, of being a host.
Speaker AI am, I'm always surprised when I see, when I have guests come on.
Speaker BYeah.
Speaker AAnd I love that they're coming on and they get to tell their story because that's.
Speaker AAnd we're finding about what helps them be unstoppable and moving things.
Speaker ABut I'm always surprised how they don't all then use that to promote themselves to reuse the content on their own channels.
Speaker AYou know, it's, it becomes one sided and I feel like it's, I feel like the podcast and the guests, it's, it's a partnership in a way.
Speaker ASo somebody comes on and we're hoping that they're going to share the content too.
Speaker BI'll tell you what's interesting is it's, it's changed.
Speaker BI've been doing this long enough.
Speaker BYou're, you're correct.
Speaker BMany people are still of that light.
Speaker BThey think that, that it's going to all just work out and do it.
Speaker BIt's on its own.
Speaker BOn one sense, they are lucky about AI so it is actually true now.
Speaker BSo what'll happen is over time the AI is just so good that when they put in their name or something else, what's going to happen is like my interviews, especially some of the old ones come up if you, if you Google somebo name our plat.
Speaker BMy platform is bigger and bigger year over year.
Speaker BAssuming I, you know, I live and it's a good, I'm healthy And I can keep recording at a clip of what I'm doing.
Speaker BLike the domain authority and the authority of my interviews is only going to grow year over year.
Speaker BSo what will happen is they're going, their, their status and even an interview they did with me five years ago is going to go up whether they shared it or not.
Speaker BSo that AI is working on their side, but on their, for their own selves and their own understanding of it.
Speaker BIt, it used to be way worse.
Speaker BIt would be so interesting.
Speaker BSo I'm going to pull out a random number.
Speaker BThis isn't completely accurate, but let's say that I did 10 interviews.
Speaker BIf we go back, you know, as little as five years ago, I did 10 interviews.
Speaker BMaybe one out of that 10 would go promote that interview.
Speaker BOne out of 10 maybe.
Speaker BAnd that's because they weren't even logging into LinkedIn back then.
Speaker BAnd these are CEOs, by the way.
Speaker BThese are like legit, you know, people that are, that are vetted and that are brought on the show.
Speaker BThese aren't like slackers by any means.
Speaker BBut at that point it was a matter of they didn't necessarily think they needed it.
Speaker BLike they're still not educated on it.
Speaker BLike, ah, social media, I don't want to do that, or LinkedIn, oh, that's, I don't need to do that, or whatever.
Speaker BThey didn't really respect their digital footprint, so that was a big part of it.
Speaker BAnd that's as early as I'd say five years ago, six years ago.
Speaker BNow I would argue even as big as our platform is, we reach over a million a month.
Speaker BAnd even as big as the platform is, I'd say maybe six to seven, seven out of ten now promote, but there's still a solid three there, that, that they don't, they just leave it out there and they're, they're kind of like checking a box.
Speaker BEven have amazing, amazing stories.
Speaker BNot they're amazing guests, by the way, I'm not saying anything about that.
Speaker BBut they don't, it's just not part of.
Speaker BThey, they quite still don't understand.
Speaker BAnd some of these people have larger companies and you would think that the, they'd have their PR marketing team and everybody else do their thing because they understand what, you know, they, they work so hard to get them booked on the show in the first place, then to drop the ball afterwards is kind of interesting to me.
Speaker BBut, but on the other side of things, for us as hosts, it doesn't, I mean this is going to sound bad, but it doesn't matter anymore.
Speaker BThey're part of your catalog.
Speaker BAnd AI, if they become or if they're interesting enough for somebody to Google.
Speaker BAnd as your show grows and everybody's show grows, that's on it.
Speaker BLike, that's going to be the key.
Speaker BThere is the catalog.
Speaker BIt's original content.
Speaker BAI is not making that up.
Speaker BBut AI is cataloging.
Speaker BThe cataloging is insane.
Speaker BThe other day we did a search and this was.
Speaker BMy team was looking for a.
Speaker BThey were looking for a series of interviews that I do for the Milken Global Conference.
Speaker BSo it's called, we call it our Milk and Global Conference series.
Speaker BAnd just for a quick note, for those that don't know what the Milken Global Conference is, it's probably number one or number two conference in the world just for a ticket.
Speaker BSo just to attend.
Speaker BIt's 30, 35,000 a ticket per ticket.
Speaker BLike, no, it's.
Speaker BIt's literally top one or two conferences in the world.
Speaker BIt's no joke.
Speaker BAnd we've been covering it for years, so.
Speaker BAnd I probably approaching, I don't know, 200, 300 interviews for that conference.
Speaker BSo I've been covering it for.
Speaker BSo my team was looking for some of the cat and I said, I don't know, like, Google it, put it in AI, whatever.
Speaker BAnd so they put in three words, Adam Torres and Milken.
Speaker BAnd it came up with the.
Speaker BThe catalog.
Speaker BIt said, I've been.
Speaker BThe years that I've been doing the series.
Speaker BIt said, Amtra has been covering the insane.
Speaker BIt can't.
Speaker BGave some key interviews from the series, all these other things.
Speaker BAnd I'm like, wow, this is like, for those that are out there doing the work work, putting in the time and building a catalog, they're going to be big winners because you can't fake that.
Speaker BThat's not AI generated content.
Speaker BYou can't go back in time and say, hey, AI, I've been covering this conference since 2003.
Speaker BWink, wink.
Speaker BNo, you haven't.
Speaker BIt's not the days of just like, you know, putting up a pretty website and like, good branding and the fine, by the way, I'm not against branding or any of that.
Speaker BWe have a branding agency, so I, we do personal branding, so I'm not against any of that.
Speaker BBut the day of just having a great website, good headshots and things that match correctly so people can find you online, that's just like, that's just the game.
Speaker BThat's the, the ticket, like, fee to play in this game in business now, like, that's the Entrance fee.
Speaker BBut it's now it's like, okay, you have that now what?
Speaker BAnd like what is creating content, right?
Speaker ASo where do you, where do you see?
Speaker AI mean, I, obviously there's growth, but where do you see the biggest growth happening now?
Speaker ALike in the next five years with podcast.
Speaker APodcasts, besides the monetization part.
Speaker BSo for one, the, the opportunity for hosts, like, the opportunity for hosts is insane and the demand is insane.
Speaker BSo when I look at other countries especially because now with AI, it's so easy to try to, to translate entire shows into other languages.
Speaker BLike I'm blown away.
Speaker BSo just to give some context, when I used to, when I first started in this, let's say that.
Speaker BAnd we're a California company, so we started in Los Angeles.
Speaker BThat's Rom Bay.
Speaker BWhen I started, my interviews would be, would be primarily California.
Speaker BThen it grew, then it became other states, then Texas, then all the way to New York and Miami.
Speaker BAnd now, now every day I circle the globe at least once.
Speaker BMy first interview might be Singapore.
Speaker BNext one might be Abu Dhabi, next one might be London, next one might be California, next one might be Florida.
Speaker BAnd these are like business leaders from all around the world.
Speaker BSo what that leads me to believe is not only are the down there are opportunity for hosts, but the demand is now so international to be on shows.
Speaker BAnd when you think about and where people are kind of a little miseducated is they think that, that they, they have to know other languages to do these shows.
Speaker BSingapore, they speak English.
Speaker BLike all these, all these inter.
Speaker BI don't speak any Jacqueline, I don't speak any other language.
Speaker BSo I'm circling the globe, you know, once or twice a day, not a year, not a week a day with my interview series.
Speaker BAnd so now when you look at how those listeners are going to bubble and bur over time, the possibility for growth, especially just for a show like obviously the huge, huge ones like your Joe Rogans and all this, who just dominate, especially in the US market, like absolutely dominate.
Speaker BBut there's a whole world out there right now.
Speaker BI'm seeding interviews and I've been guesting and doing more things in Africa.
Speaker BI'm like, man, I'd love to go viral over there.
Speaker BAnd all of a sudden, like I, I mean there's just so much potential for downloads and for audience, just period.
Speaker BSo I like to think the international side is it us is always probably going to be, you know, number one when it comes to this piece of it.
Speaker BBecause where it started, that's like obviously Hollywood, everything else that's, you know, we sell our content everywhere.
Speaker BBut look at India, look at Africa, look at Asia, look at all the Asians.
Speaker BOr look at the Middle East.
Speaker BI mean, look at all the places that speak English.
Speaker BI mean, there's so much opportunity world, worldwide.
Speaker AYeah, no, it's actually, it's actually quite fascinating when I look and see what countries that, that my show is in right now, it's like, I look at it and it's, and I'm like, oh my God, somebody from Israel listened to it and somebody.
Speaker BYeah, isn't that cool?
Speaker AIt's like the coolest thing.
Speaker AIt's like, and like every time it's like, you know, the, the page rank keeps going where it says, you know, now it's 24, now it's 28.
Speaker AAnd it's like increasing by the number of countries that you're in.
Speaker AI find that absolutely fascinating.
Speaker ASo, Adam, if you could give somebody one, one tip about podcasting, what would it be?
Speaker BI would say figure out what your intent is for starting a show and just be honest with yourself.
Speaker BLike that's the first thing, your intent.
Speaker BAnd in the book.
Speaker BSo I talk about this, but if you're going to be a hobbyist, that's fine, be a hobbyist.
Speaker BIf you're going to be a professional, that's fine.
Speaker BBut whatever it is that you're going to be like, you got to understand your intent first.
Speaker BAnd then, and then after you have your intent, then you have to kind of start to learn the business.
Speaker BThe first thing I want people to do, read my book.
Speaker BIt's going to save you a lot of time.
Speaker BIt's free.
Speaker BYou get it.
Speaker BOne billion podcast.com start with that.
Speaker BIt'll.
Speaker BThere's also a free audio version of it.
Speaker BAnd you know, you're going to listen to it.
Speaker BIt's, I think it's like two hours is the audio version run of it.
Speaker BBut that's going to save you nine years.
Speaker BThat's nine years of knowledge in a two hour listen.
Speaker BAnd there's no fluff.
Speaker BIt's going to educate you on how to not quit your job show.
Speaker BThat's the number one thing, how to not quit it, how to design the systems around it, the business opportunity of it.
Speaker BAnd, and by the time you're done with that, you're going to know what you want to do.
Speaker BIt's written for two different audiences.
Speaker BIt's written for those that already have a podcast, but they want to grow it, they want to monetize it, and they want to understand the business of it, number one.
Speaker BAnd then it's also written for the novice and the person that's always been kind of like podcast cur curious, but they kind of don't know if they're like, if it's the right thing for them and if it's worth their time, but they're just super curious about it.
Speaker BLike those two audiences.
Speaker BMy aim and my goal is that for those experienced podcasters that reads it, that read it or listen to it, that they have a paradigm shift and they're like, oh, my gosh, like, I had this gold mine under me this whole time and I had no freaking idea.
Speaker BThis podcast is part of the rest of my life, and I'm gonna design a systems around making that possible.
Speaker BAnd for the novice, it's like, okay, now I know what I'm getting myself into.
Speaker BYeah, I want to do it this way or I want to do it that way.
Speaker BAnd there's no right or wrong way.
Speaker BIt's just understanding the game and the business and what you're doing before you put in that little bit of groundwork.
Speaker BYou're going to save yourself a lot of heartache and a lot of potential failure if you quit.
Speaker BBecause that's the only way to fail is quit.
Speaker AIs to quit.
Speaker ARight?
Speaker AAdam, I can talk to you about this forever because I love this whole topic.
Speaker ABut.
Speaker ABut I want listeners to get more of you.
Speaker AAnd so where can I find you?
Speaker AI will put in the show notes the link to the 1 Billion podcast guys.
Speaker AGet the book.
Speaker AYou know, I'm going to get it right now, but get the book.
Speaker ABut how else can people connect with you and.
Speaker AAnd find about more what you're doing?
Speaker BOr super simple.
Speaker BAsk Adam Torres on Instagram.
Speaker BEasiest way.
Speaker BThere's a link there as well, if you care to look at.
Speaker BYou want to listen to the show?
Speaker BYou want the free books?
Speaker BThis book.
Speaker BWe have other books that are completely free.
Speaker BI like to say we give away more free content, any company of our size on the planet.
Speaker BDon't believe me, check out that link and you will see.
Speaker BBut ask Adam Torres on Instagram.
Speaker BThat's the simplest way.
Speaker BAnd if you have a show concept or something else you want to pitch, send me a dm.
Speaker BAll good.
Speaker AAwesome.
Speaker ASo, listeners, I want you to understand something.
Speaker AUnstoppable success.
Speaker AIf you don't have a podcast, start one and get Adam's book, because it will truly help you with that unstoppable success.
Speaker AAnd do me the favor.
Speaker ALearning listeners, besides connecting with Adam, share this podcast with people that you know, leaders, business owners, and other professionals that you will.
Speaker AThat you know will get something out of this, this show, because I know they will.
Speaker AI'm Jaclyn Schuminger, your host.
Speaker AAdam, thank you for being an amazing guest.
Speaker AThis is unstoppable success.
Speaker AAnd keep on listening and keep leaping to your greatest success.