Ralph Quintero

Founder, Advisor, Investor, Strategist and Passionate Story-teller

Filtering by Tag: ideas

My palms are sweaty, knees weak, arms are heavy...

I’m not gonna lie… I’m a little nervous sending out this first email. 

It reminds me of the first time I DJ’d in a club in front of a giant crowd.

The feeling in the pit of my stomach… the lump in my throat.

But like Eminem says, “You only get one shot, do not miss your chance to blow, This opportunity comes once in a lifetime”

So here it goes…

For this issue I’m going to share a tip on marketing, a tip on sales, one of the tools I’m currently using, a book I’m reading, and a cool video to watch. 

📣 Marketing 

Dora was wrong! 

swiper.gif
 

Swiper YES swiping!

I’m going to let you in on a little secret 🤫

Every great marketer has a SWIPE FILE. I’ve kept one for more than 20 years and it has helped me more than anything else in my business.

What is it?

A swipe file is a collection of headlines, ads, copy, text, newsletters, websites, social media posts that you find fascinating or helpful, that you can “swipe” ideas from when writing your own headlines or creating content. I have both a digital version and a physical version where I clip out things.

Like Picasso famously said, “good artists borrow, great artists steal.”

Great ads and headlines make $$$$. Companies spend millions of dollars on getting their messaging right because good copy = GOLD. So why not “borrow” from the best?

You can start yours today by scanning your inbox or flipping through magazines.

Here are some cool links where I find some of my favorites:

https://swiped.co/

https://unicornads.com/ 

https://swipefile.com 

https://www.swipefiles.co/ 

Quick note here: You don’t want to be a douchebag and outright copy everything word-for-word! You want to use it as inspiration and a guide and make it your own.

📈 Sales

“Would you like fries with that?”

Fries.gif
 

And with that simple question, McDonald’s made their profitability skyrocket 🚀  (they’ve also made a killing with combos & bundling)

Every business has the opportunity to create an upsell or a cross-sell regardless of what business you’re in. Every single one.

You can use this technique to get your customers to try a new product, add on an extra service like training, coaching, or an extended warranty. You can also bundle multiple products or services to increase average order size.

Think about it…

They’re already buying from you. So they like you, they trust you, and they are ready to give you money - right now. Why not present them with an upsell? What’s the worst that can happen, they say no? No harm, no foul. The best thing that can happen? You make extra revenue and have your customers try new things.

Every sale gives you this opportunity. If you don’t ask every time, you’re leaving money on the table 💵

If you can’t think of how this applies to your business? Drop a quick post in my FB group and I will give you ideas that can help you.

BTW, this also works if you’re buying something for yourself or your business. If they don’t offer you the upsell and you’re considering additional purchases, ask for it. I just got myself free delivery on furniture by just asking. Saved $100!

🛠 One of my Favorite Tools

I use many different tools on a daily basis, but my favorite one nowadays is Notion

Notion is an all-in-one workspace for your notes, tasks, wikis, and databases that helps you write, plan, and get organized.

I use it to keep track of all my projects, links, my SWIPE FILE, plans, and even my notes and outlines for this newsletter.

They have a basic version that’s free, and a pro plan that costs something like $4 a month. They also have a version for bigger teams if you need that.

📚 This is What I’m Reading Right Now

 

(You can click on the book if you want more info)

📺  Watch This

Speaking of brand cults… I found this fascinating!


Wow, I lost myself in the moment and I dropped bombs! And just like my first DJ set, I can’t believe it’s coming to a close. 

Now I can’t wait to do it all over again!

Ralph Q out!

mic drop-1.gif
 

P.S. - Let me know what you thought! Drop me a note 

P.S.S. - Think someone can benefit from this info? Sharing is caring!


Want this kind of stuff delivered to your inbox? 📩 Subscribe to the newsletter


Am I original? (yeah) Am I the only one? (yeeaah)

Picture it… Miami, Florida 1995

200w-1.gif
 

It’s the middle of the summer and I’m DJing at Amnesia, one of the hottest clubs in Miami at the time.

Little did I know that I was soon to discover one of the most valuable lessons that I still carry with me today.

The music was 🔥 (the Macarena went viral that year), the foam was flowing 🧼 and I was in a groove that night.

amnesia.jpg
 

As midnight approached, the promoter came into the DJ booth to tell me that he had a “special” act performing that night.

Some boy band from Orlando or something… (BTW boy bands weren’t even a thing yet)

So these 5 guys dressed in the wackiest coordinated outfits I had ever seen hit the stage and the promoter gave me the sign...

“Awwwww yeah party people! Let’s give it up for The Backstreet Boys!!!!!”, I yelled into the mic.

The Backstreet Boys? Seriously? These guys will NEVER make it! 😂🤣

Within a few months they had hit #1 on the worldwide charts, girls were going CRAZY over them, and they were international superstars! 

So much for my career as a talent scout...

This drove me nuts! How did I miss that? What was it that other people saw in them that I didn’t?  How did I not see the trend??? Here I thought I was a great judge of music… 

It rocked my world and set me off on a journey to look at everything through a different lens. 

I vowed to never let this happen to me again.

I needed to stay ahead of the curve.

The lesson I learned: Don’t discount ANYTHING without having a deeper understanding of it.

🔎Dig Deeper

From that moment on I became obsessed with understanding trends and coming up with ideas.

It’s something that I continue to do today in every aspect of my life and business. I attribute a big part of my success as an executive and as an entrepreneur to this practice. And I suggest you make it a part of your daily, weekly, or monthly routine too.

It will pay off BIG TIME 💰

There’s a ton of different ways you can go about spotting trends, and I can probably spend an hour going through my exact process, but this is a quick version of how I do it:

I normally set aside an hour a day (usually while I have my coffee ☕️ in the morning) and look through a handful of some of these platforms, sites, and tools:

***plus a couple of other cool sites, podcasts and newsletters I subscribe to.  

I tend to spend 10 to 15 minutes on the ones I’ve chosen for the day.

My focus while on those sites is on a couple of things… (this isn’t your typical social media browsing routine where you just scroll and hit like)

First, I focus on what’s trending on each of those sites’ front pages and click through to learn more on each topic. Then dig a little deeper to read the comments. You tend to learn so much more in the comments sections! 

If something catches my attention, I usually note it down in Notion or the notes app on my phone so that I can take a deeper dive later on.

Next, I use the search function to look for keywords specifically around my industry or things I’m interested in. This gives me tremendous insight! Much more than the standard boring industry websites and magazines that “everyone else” reads.

❓Ask Questions

My next go-to tactic? I’ve learned to ask young people a TON of questions. 

  • What’s the coolest thing you’ve seen recently?

  • What are you watching?

  • What are you playing?

  • What are you reading?

  • What are you listening to?

  • Have you seen any interesting products lately?

  • What brands are doing awesome things right now?

  • What apps should I try?

This list goes on..and on…and on… 

The key here is to have a genuine conversation with the intent to listen and learn.

That’s how I discovered TikTok and Twitch. Both platforms which I’ve embraced and been able to leverage much sooner than any of my competitors. 

If you’re wondering how effective some of these platforms can be for your business, we just launched a campaign with some Twitch streamers and it generated over 2,000 email signups in less than 10 minutes. NUTS!

All because I asked my kids, nieces, and their friends where they’ve been hanging out and seeing cool stuff.

👀 Side note: If you haven’t been on Twitch or Tiktok, you need to check them out and use the search tool to look for things you’re interested in. For example, I’m an Excel nerd. Some of the BEST excel tricks I use every day I’ve found on TikTok! So there’s more to that platform than silly dances. You just have to look deeper.

These trendspotting exercises keep me “in-the-know” about upcoming products, music, services, and movements both in and out of my industries. 

It also helps me to have great conversations with different people around these topics.

But the most important thing it does is generate a BUNCH of new ideas for me.

Then I start to figure out how they either fit into my existing businesses or what kind of new business can be born out of these ideas.

I’ll spend next week’s issue breaking down my “Idea Workout ⁨💪🏼” and how I turn these trends into actionable ideas.

I’m pretty sure you don’t want to miss that one!

So with that...to quote another famous boy band, “Bye, Bye, Bye!”

bye bye bye.gif
 

Ralph Q out!

P.S. - If you want to know more about my trendspotting process or tools, let me know by replying or by posting in my Big Idea Society Facebook Group

P.S.S. - Thanks SO much for the great feedback on last week’s issue! Keep the feedback coming. It helps this get better and better 😃


Want this kind of stuff delivered to your inbox? 📩 Subscribe to the newsletter


I've got the brains, you've got the looks - Let's make lots of money

They say that money is attracted to great ideas.

But not every idea is a great idea…

Like the time over the summer that me and my best friends (and OG DJ partners) Marco & Curro thought it would be a great idea to kill fire ants 🐜 in my front yard with a roman candle 🧨

Roman Candle Kid.gif
 

We killed the ants 🙌🏼

But we ended up setting part of the yard on fire 🔥🧯😳  Oh Sh💩!!!

(My parents, who are reading this newsletter just like you, are just finding out what really happened 😬 - Sorry guys! 🤷🏼‍♂️

💪🏼 Exercising your IDEA Muscle

Thankfully there are ways to come up with great ideas without setting your yard on fire. But it takes consistent practice. You need to exercise your IDEA muscle.

Why is it important to exercise your idea muscle? 

Because you need it to be strong whenever you need to come up with an idea. You don’t want to wait until you NEED an idea to start exercising that muscle.

One of my favorite ways to do this is by creating a list of 10 new ideas a couple of times a week.

I learned about this exercise a couple of years ago from James Altucher, who says that “Ideas are the currency of life - not money” 

He does this exercise every day - 365 days a year. That’s 3,650 ideas!

James likes using waiter pads and a pen for this… I use the notes app on my phone. 

How does it work? Pick a topic and start jotting down ideas… That’s it.

Think it’s simple? Not so fast, my friend 🛑

Coming up with the first 4 to 6 ideas is usually easy… it’s numbers 7-10 that are the most challenging. But this is where your idea muscle really starts to develop. 

I recommend that you vary topics… don’t just focus on business things. That way your ideas become diverse.

Here are 10 examples of some of my recent topics:

  • 10 things that can be reinvented

  • 10 books I should write 

  • 10 TV shows that should exist but don’t today

  • 10 wacky inventions that might actually work

  • 10 new foods to try

  • 10 experiences I need to have before I turn 50

  • 10 ways to connect with my family and friends

  • 10 influential people I want to meet

  • 10 things I want to learn this year

  • 10 places to visit or things to do in my hometown that I’ve never done before 

  • 10 businesses that have successful formulas that can be adapted for other businesses (this is a bonus one in case you’re counting)

For that last one, here’s one of the ideas that I came up with…

An Airbnb for Tools - I think this is a brilliant idea!

I was planning on doing a lot of work around the house over a weekend and realized I needed some tools that I didn’t have. I reached out to my local Home Depot and they either don’t rent out the tools or were already booked for the weekend.

That got me thinking, is there anything out there that’s like “the Airbnb for Tools”?

I have a lot of tools that sit idle in my garage for months that could be making me money from someone who needs them for a 1 off project. Some people (like me for my weekend project) only need a tool for 1 specific job and will probably never use it again. Imagine being able to search for the tool you need in an app and finding one a block or two away. I’d gladly pay for that!

Who knows? This may turn into something!

Anyways...

Just with that list above, I came up with 110 new ideas! Imagine doing this 52 weeks a year? Or every day like James?!?!?

Now, are they all good ideas? GOD NO!!! Some of them are horrible! But just like any workout, some are better than others. Regardless, they still strengthened my IDEA muscle.

So what to do with all of these ideas? 

You have to use them in one way or another. 

Think of your brain as a gas tank - it has a certain capacity. And for it to be able to be filled up again, you need to use the fuel, or in this case the ideas.

So a lot of times, I get inspired and pursue them. 

A lot of times I share them or give them away to friends and family who can use them.

And sometimes I even let them have idea sex… 

idea sex.gif
 

Yeah baby! That’s when two different ideas have sex and create an AWESOME idea baby 👶🏻

But most of the time, I do nothing... They just sit those lists in case I need them some day.

By keeping them in the lists instead of my head, I can free my brain to come up with new ideas and know that I will always have a ton of ideas to revisit whenever I need to.

The other added bonus of this exercise routine is that I’ve become an IDEA MACHINE! 🤖

Because I’ve been doing this for a while now, coming up with new ideas becomes easier and easier - whether it’s for work, for new businesses, to help someone, or just for myself.

So now it’s your turn…

What AWESOME ideas are you going to come up with?

I’d love to hear about them! If you’re up for putting them out into the world, share some in my FB group or drop me a note.

✋🏼But Wait...There’s More

I couldn’t let you leave without sharing at least one more idea you could use…

This one is all about promoting your business or your services (if you work somewhere this would make a for a great idea to share)

Create sales or promotions for your business around different holidays or make up your own. 

Everyone does the same boring normal holidays (Christmas, Black Friday, Memorial Day, etc..) but what if you could offer a “Sweet Deal” to celebrate National Ice Cream Day? 🍦

Not sure what special days are coming up? I got’chu fam…. Here’s a daily list of holidays you can use!

You could also do what Amazon and Alibaba do, and create your own holidays! 

In case you didn’t know, on “Amazon Prime Day” Amazon had sales of $6.1 Billion - in one day! (that’s more than its sales for the past Black Friday and Cyber Monday combined!)

What’s your holiday going to be?

‘Til next time….

ralphq out.gif
 

Ralph Q out!

P.S. - is there anything you want me to write about? Give me some ideas (see what I did there? 😉)

P.S.S. - If you haven't figured it out yet, music is a big part of my life (and inspire the subject lines of this newsletter) - So I started a Spotify Playlist with all the songs from the newsletter in case you want to follow it. I'll keep adding to it as the new issues come out 🎶


Want this kind of stuff delivered to your inbox? 📩 Subscribe to the newsletter


I’m gonna pop some tags, only got $20 in my pocket...

Hey, honey, can we go thrift shopping?

thriftshopping.gif
 

What? What? What? What?

Armed with $20 and an idea, Judy and I headed to Goodwill to buy mismatched China plates and old school globes that she could paint on and sell as art on Etsy as a little side hustle.

After spending an entire weekend painting and transferring her digital designs on to the plates and globe, we launched the shop.

The first month, we sold 2 plates for a grand total of $60 (sold a big one for $40 and a smaller one for $20)

WHAT A FREAKIN’ RUSH!!! 🤩

For the next couple of months, sales increased to about $500 a month. Not too shabby for doing something she loved to do anyways.

Then something magical happened…

A designer in L.A. bought a collection of plates for a design she was working on for the home of a “high-profile” movie star. 

After receiving the plates she contacted us about getting fabric made with one of the designs on the plates because she wanted to make matching curtains.

Judy and I had no idea how we could make that happen, but we thought it would be super cool if we could make fabric with her designs. 

So we turned to Google and found a company where we could have fabric made.

Fast forward 4 years and today shopcabin is an international company that licenses over 12,000 designs to fabric manufacturers, wallpaper printers, clothing manufacturers, paper goods makers, and more! 

There has been enough fabric printed with Judy’s designs to reach the International Space Station or cover 35 entire professional baseball fields!

All from what started out as a little idea and a side hustle!

💰 Side Hustlin’ 

If 2020 has taught us something, it’s that life is truly unpredictable. 

As you were celebrating the New Year, could you have imagined this year shaping up the way it has? I sure didn’t!

This pandemic has led to massive changes to our daily lives and a record number of people facing unemployment. 

Whether or not you lost your job, or whether your business is up or down, today you’re realizing the importance of “hedging your bets”, now, more than ever.

You need a “Plan B”. Just in case… and a side hustle is a great Plan B.

So what can you start? Here’s a quick list to get your ideas flowing...

  • You can start something related to your hobbies, like Judy did - this could be a shop, a paid newsletter, a private Facebook community, or a local meetup you can sell tickets to.

  • You can teach something or coach people on something you’re already passionate and knowledgeable about on platforms like takelessons.com, udemy.com, skillshare.com, preply.com, or teachable.com

  • Are you an expert in your field? Try setting up shop on Clarity.fm

  • Do you have knowledge that can translate into tasks others may need help with? Like social media stuff, design work, writing, voiceovers, etc…? Offer up your services on platforms like Fiverr.com

  • Do you have a special talent? Offer it online via platforms like Patreon or AirBnB Experiences.

  • Maybe you’re a bargain hunter! If so, you can buy stuff at garage sales, Goodwill, Nextdoor.com, Craigslist, OfferUp, LetGo, or local Facebook groups and then resell those items on Ebay, Amazon, or your own online shop at a big markup. (If you’re interested in seeing how this works, do a quick search for Amazon arbitrage on YouTube and prepare to be blown away.


Still not sure any of those work for you? Don’t worry…. I gotchu

How about buying an existing online business you can make even better?

Here’s a list of some of the places I love looking for online businesses to buy:

Still need more inspiration? Check out these success stories!


💡 More Big Ideas & Stuff

These are the things that I’m listening to, watching, reading, discovering, or enjoying this week. Click the links and enjoy them with me.

📖 Read - Imagine making $27million a year working with your best friend by making just one “Killer” game that people can’t seem to get enough of (oh yeah, this started out as a side hustle)

📻 Listen - When it comes to side hustles there are two podcasts that inspire me more than any others. The Side Hustle Show by Nick Loper (super nice and genuine guy) and Side Hustle School by Chris Guillebeau (best-selling author of The $100 Startup)

📺 Watch - Side Hustles can not only make you some extra dough, but they can actually change your life because of these 3 life-altering secrets that every side hustler knows

🛒 Buy - Chances are your voicemail greeting sucks as bad as mine… That’s why I can’t wait to get my new one from “The Voicemail Guy”. (I think people are actually going to enjoy getting my voicemail instead of talking to me 😂) You can order your own greeting here

📈 New Trend - With more people working from home nowadays, indoor gardening is becoming “a thing” and there are several startups taking advantage of this trend 🌵

🎉 Celebrate - Today I’d like to celebrate my friend Jamy who took some seriously massive action and launched her own spin studio online! If you’re into spinning, love great music, positivity, and inspirational messages, you have to check out Keep It Simple Studios 🚲


Who’s ready to side hustle? Let’s go!!! 🙌

As always, keep coming up with ideas, dreaming big, and taking action!

‘Till next time...

200.gif
 

Ralph Q out!

P.S. - I’d love to hear about a side hustle you already have or are thinking about. Drop me a quick reply and let me know what you’re working on 😃

P.P.S. - By sharing this newsletter with someone, you may just change their life - that’s pretty powerful, right?!?! 

Just forward them this email or send them this link: http://ralphq.com/newsletter so they can sign up. You can also send them this one to read all the past issues: http://ralphq.com/past-issues