In episode #1544, we discuss the value of building a defensible moat around your income. People like Warren Buffett and Charlie Munger like to invest in businesses with a moat for a good reason – they don’t fall as easily when things go awry. Tune in to hear examples of the kind of moats you can build around your income and business to shield yourself from uncertainty. 

TIME-STAMPED SHOW NOTES:
[00:25] Today’s topic: How to Build A Defensible Moat Around Your Income. 
[00:35] What we talk about when we refer to businesses that have a moat. 
[00:58] Examples of what a moat in your business can be.
[01:19] Over the years, moats have become harder to build but brands still seem to work. 
[01:41] Brands take a long time to build and you have to offer a quality product. 
[02:21] Get people to interact with your brand seven times by going omnichannel.
[03:00] The importance of diversifying your income to protect yourself and how to do it. 
[04:00] Survey and ask your audience what they need and expand by offering the solution. 
[04:21] Building multiple income streams and making it defensible takes time – so be patient. 
[04:56] A list of things you can do to create defensible moats. 
[05:37] That’s it for today!
[05:39] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information or call us on 310-349-3785!



Links Mentioned in Today’s Episode:



Warren Buffett

Charlie Munger

Coca-Cola

See’s Candies

Ubersuggest

Crazy Egg



Leave Some Feedback:


What should we talk about next? Please let us know in the comments below
Did you enjoy this episode? If so, please leave a short review.



Connect with Us: 


Neilpatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode #1544, we discuss the value of building a defensible moat around your income. People like Warren Buffett and Charlie Munger like to invest in businesses with a moat for a good reason – they don’t fall as easily when things go awry. Tune in to hear examples of the kind of moats you can build around your income and business to shield yourself from uncertainty.  TIME-STAMPED SHOW NOTES: <ul> <li>[00:25] Today’s topic: How to Build A Defensible Moat Around Your Income. </li> <li>[00:35] What we talk about when we refer to businesses that have a moat. </li> <li>[00:58] Examples of what a moat in your business can be.</li> <li>[01:19] Over the years, moats have become harder to build but brands still seem to work. </li> <li>[01:41] Brands take a long time to build and you have to offer a quality product. </li> <li>[02:21] Get people to interact with your brand seven times by going omnichannel.</li> <li>[03:00] The importance of diversifying your income to protect yourself and how to do it. </li> <li>[04:00] Survey and ask your audience what they need and expand by offering the solution. </li> <li>[04:21] Building multiple income streams and making it defensible takes time – so be patient. </li> <li>[04:56] A list of things you can do to create defensible moats. </li> <li>[05:37] That’s it for today!</li> <li>[05:39] To stay updated with events and learn more about our mastermind, go to the <a href="https://marketingschool.io/live">Marketing School</a> site for more information or call us on 310-349-3785!</li> </ul>   Links Mentioned in Today’s Episode:   <a href="https://www.forbes.com/profile/warren-buffett/#62ae9c746398">Warren Buffett</a>  <a href="https://www.forbes.com/profile/charles-munger/#23ab57d5697a">Charlie Munger</a>  <a href="https://www.coca-cola.com/">Coca-Cola</a> <a href="https://www.sees.com/">See’s Candies</a> <a href="https://neilpatel.com/ubersuggest/">Ubersuggest</a> <a href="https://www.crazyegg.com/blog/">Crazy Egg</a>    Leave Some Feedback:   <ul> <li>What should we talk about next? Please let us know in the comments below</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul>   Connect with Us:    <ul> <li><a href="http://neilpatel.com/">Neilpatel.com</a></li> <li>
<a href="https://www.quicksprout.com/">Quick Sprout</a> </li> <li><a href="https://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="https://www.singlegrain.com/">Single Grain</a></li> <li>
<a href="https://twitter.com/neilpatel">Twitter @neilpatel</a> </li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
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Marketing School - Digital Marketing and Online Marketing Tips

In episode #1544, we discuss the value of building a defensible moat around your income. People like Warren Buffett and Charlie Munger like to invest in businesses with a moat for a good reason – they don’t fall as easily when things go awry. Tune...

How to Build a Defensible Moat Around Your Income | Ep. #1544

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