Warner Bros. Discovery Cuts 10% Of Movie Division Despite Big Hits
Despite a string of big hits, Warner Bros. Discovery’s film division will lay off 10 percent of staff amid WBD’s planned split into two companies.
Despite a string of big hits, Warner Bros. Discovery’s film division will lay off 10 percent of staff amid WBD’s planned split into two companies.
DirecTV’s new announcement with ESPN’s direct-to-consumer streaming app is a bold new step for bundling, and the company as a whole.
FOX has acquired a one-third interest in Penske Entertainment, the owners of IndyCar, Indianapolis Motor Speedway and Indianapolis 500 also a new TV extension.
“This is primarily a self-inflicted story, and a self-inflicted wound, that they are dealing with, and they are struggling to get out of it.”
Lex Luger and Lemonaide’s AI model shows how artist-led tools can bring transparency, consent, and new standards to music licensing in the age of generative AI.
By JOSH BOAK, Associated Press
WASHINGTON (AP) — President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 — the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades.
The order was issued shortly after 7 p.m. on Thursday. It came after a flurry of tariff-related activity in the last several days, as the White House announced agreements with various nations and blocs ahead of the president’s self-imposed Friday deadline. The tariffs are being implemented at a later date in order for the rates schedule to be harmonized, according to a senior administration official who spoke to reporters on a call on the condition of anonymity.
After initially threatening the African nation of Lesotho with a 50% tariff, the country’s goods will now be taxed at 15%. Taiwan will have tariffs set at 20%, Pakistan at 19% and Israel, Iceland, Norway, Fiji, Ghana, Guyana and Ecuador among the countries with imported goods taxed at 15%. Switzerland would be tariffed at 39%.
Trump had announced a 50% tariff on goods from Brazil, but the order was only 10% as the other 40% were part of a separate measure approved by Trump on Wednesday.
The order capped off a hectic Thursday as nations sought to continue negotiating with Trump. It set the rates for 66 countries, the 27-member European Union, Taiwan and the Falkland Islands, with a baseline 10% rate to be charged on countries not listed in the order. The senior administration official said the rates were based on trade imbalance with the U.S. and regional economic profiles.
On Thursday morning, Trump engaged in a phone conversation with Mexican President Claudia Sheinbaum on trade. As a result of the conversation, the U.S. president said he would enter into a 90-day negotiating period with Mexico, one of the nation’s largest trading partners. The current 25% tariff rates are staying in place, down from the 30% he had threatened earlier.
“We avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue,” Sheinbaum wrote on X after a call with Trump that he referred to as “very successful” in terms of the leaders getting to know each other better.
The unknowns created a sense of drama that has defined Trump’s rollout of tariffs over several months. However, the one consistency is his desire to levy the import taxes that most economists say will ultimately be borne to some degree by U.S. consumers and businesses.
“We have made a few deals today that are excellent deals for the country,” Trump told reporters on Thursday afternoon, without detailing the terms of those agreements or the nations involved. The senior administration official declined to reveal the nations that have new deals during the call with reporters.
Trump said that Canadian Prime Minister Mark Carney had called ahead of 35% tariffs being imposed on many of his nation’s goods, but “we haven’t spoken to Canada today.” Trump separately on Thursday amended a previous order to raise the fentanyl-related tariff on Canada from 25% to 35%.
Trump imposed the Friday deadline after his previous “Liberation Day” tariffs in April resulted in a stock market panic. His unusually high tariff rates, unveiled in April, led to recession fears — prompting Trump to impose a 90-day negotiating period. When he was unable to create enough trade deals with other countries, he extended the timeline and sent out letters to world leaders that simply listed rates, prompting a slew of hasty deals.
Trump reached a deal with South Korea on Wednesday, and earlier with the European Union, Japan, Indonesia and the Philippines. His commerce secretary, Howard Lutnick, said on Fox News Channel’s “Hannity” that there were agreements with Cambodia and Thailand after they had agreed to a ceasefire to their border conflict.
Going into Thursday, wealthy Switzerland and Norway were still uncertain about their tariff rates. EU officials were waiting to complete a crucial document outlining how the framework to tax imported autos and other goods from the 27-member state bloc would operate. Trump had announced a deal on Sunday while he was in Scotland.
Trump said as part of the agreement with Mexico that goods imported into the U.S. would continue to face a 25% tariff that he has ostensibly linked to fentanyl trafficking. He said autos would face a 25% tariff, while copper, aluminum and steel would be taxed at 50% during the negotiating period.
He said Mexico would end its “Non Tariff Trade Barriers,” but he didn’t provide specifics.
Some goods continue to be protected from the tariffs by the 2020 U.S.-Mexico-Canada Agreement, or USMCA, which Trump negotiated during his first term.
But Trump appeared to have soured on that deal, which is up for renegotiation next year. One of his first significant moves as president was to impose tariffs on goods from both Mexico and Canada earlier this year.
U.S. Census Bureau figures show that the U.S. ran a $171.5 billion trade deficit with Mexico last year. That means the U.S. bought more goods from Mexico than it sold to the country.
The imbalance with Mexico has grown in the aftermath of the USMCA, as it was only $63.3 billion in 2016, the year before Trump started his first term in office.
Associated Press writers Lorne Cook in Brussels and Jamey Keaten in Geneva contributed to this report
Correction: The new tariffs were imposed on 66 countries, the European Union, Taiwan and the Falkland Islands, not on 68 countries and the European Union.
Empowering Small Business with AI & Strategy written by John Jantsch read more at Duct Tape Marketing
OverviewIn this episode of the Duct Tape Marketing Podcast, John Jantsch interviews Sara Nay, CEO of Duct Tape Marketing and author of “Unchained.” Drawing on over 15 years of experience in every agency role—from intern to CEO—Sara explains why the traditional marketing agency model is broken for both clients and agencies. She introduces the “anti-agency” approach: a practical, strategy-first, AI-enabled model designed to help small businesses own their marketing instead of renting it. The discussion covers timeless principles, the new role of the fractional CMO, how to leverage AI for impact (not just efficiency), and the steps any business can take to reclaim control and clarity.
Sara Nay is the CEO of Duct Tape Marketing and author of “Unchained.” With two decades of hands-on experience, Sara is a leading voice in strategy-first marketing systems for small businesses. She has helped hundreds of entrepreneurs and agencies design sustainable, scalable growth through a blend of foundational principles and forward-thinking technology. Sara is a sought-after speaker and advocate for empowering business owners to take back ownership of their marketing.
“Stop renting your marketing and start owning it. With the right strategy, small businesses can take back control and scale with confidence.”
— Sara Nay
“AI should be used to elevate your team—not replace them. Future-proof your business by blending technology with high-impact human skills.”
— Sara Nay
John Jantsch (00:00.866)
Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Sara Nay. Sara is the CEO of Duct Tape Marketing, where she spent over 15 years helping small businesses build strategy-first marketing systems that actually work. Now being my daughter, Sarah has lived the small business reality from every angle as a teenager, as a team member, as a fractional CMO, and now as the CEO. In her new book,
Unchained, she makes the case that traditional agency model is broken, both for the clients and agencies and lays out a practical AI enabled strategy first approach she calls the anti-agency model. We’re going to touch on that. Permission helps small business owners stop renting their marketing and start owning it. Unchained, breaking free from broken marketing models. So Sarah, welcome to the show.
Sara Nay (00:53.858)
Thanks for having me on.
John Jantsch (00:55.778)
So you and I have been talking about marketing models for a long time. Was there a time when you kind of said, you know what, the agency model is broken and I got to create something different?
Sara Nay (01:06.455)
Yeah, I mean, as you mentioned in the introduction, I’ve been part of the agency space for about 15 years. And in that journey, I’ve moved from intern to community manager, account manager, fractional CMO for our clients among other roles. And so I’ve really been in all the different areas of the agency space. And throughout that journey, there’s definitely been times where I’ve noticed things that didn’t quite feel right in the agency space. And even further than that,
there have been several moments over the last 15 years where I’ve been burnt out and on the brink of saying, does this make sense to pursue even more, even further? And so I’ve lived a lot of challenges along the way and there’s no secret in the challenges I’ve seen. think a lot of people experience this in the agency space. And so starting on that side, on the agency side of things, there’s challenges with meeting client demands and managing scope creep and scaling and maintaining profitability and
retaining great talent and those are a lot of the things that I’ve heard from other agency owners struggling with, but I’ve also experienced it myself. Also in my roles, I’ve been on in the sales side of our business for a while now. So I’ve spoken with hundreds of small business owners who have worked with different agencies or outsourced solutions over those years. And I have heard all of their stories of
things along the lines of marketing doesn’t work or I’m paying this agency for X and I have no idea if I’m getting results or if anything’s happening with my marketing efforts. And so there’s been a lot of this going on for years in the agency space. But I think it’s becoming more more heightened now with the evolution of AI.
John Jantsch (02:49.518)
So you actually use the term anti-agency model. Now know you’re not an agency hater. so, so what makes this anti or, and not just a better agency.
Sara Nay (03:02.379)
Yeah. So the whole play with the anti-agency model, as you identified, like obviously we’re not anti-agency. We’re an agency ourselves. We have been for 31 years. We love agencies. And so I do keep, I keep explaining that because I don’t want people to think this book is against agencies, but what it’s with the anti-agency, what it’s saying is the model is broken essentially for some of the points that I had highlighted just a second ago. So it’s anti-agency model specifically.
And so the way we have been doing and functioning for years as agencies were being forced in some ways to evolve because of the evolution of AI. so previously to AI, it made sense for agencies to hold onto things like marketing, execution, content, social, SEO, paid ads, all of the execution elements. But with the evolution of AI, I believe small businesses are able to take some of that stuff in-house.
They still need strategic leadership and direction, but they now have an opportunity to stay a little bit more lean with their in-house marketing team by layering in AI systems below them to help with the heavy lifting of execution. And so that’s the whole idea of stop renting your marketing and taking back ownership of your marketing. You still need strategy. You still need direction. You still need leadership.
But now you can build a marketing department or team that is a bit leaner because they’re overseeing orchestration of marketing, which is done by AI systems.
John Jantsch (04:39.086)
So one of the things you and I talk about a lot, cause I say it all the time is I, you know, I’ve been doing this 30 years and while a lot of new shiny things have come along, the fundamentals of marketing have not really changed or what we’re here to do as marketers has not really changed that much. What timeless principles do you think from, our system? As you know, it’s still worked today.
Sara Nay (04:59.085)
Yeah. And so that’s the second really section of the book we get into the timeless after the intro and all of that, we get into the timeless principles. And so some of the things that I touch on there are things like target market, identifying your clients on a very deep level. I think that’s becoming even more and more important with the evolution of AI, because what I see is a lot of small businesses bringing in something like a chat, GBT or a clod or whatever their tool of choices. And they’ll start just like,
creating content and so it’s all over the place. It’s not consistent. It’s not on on brand. And so in your original book duct tape marketing, you talked a lot about identifying your ideal client on a deep level, understanding them emotionally, what keeps them up at night, what drives them. And so with the evolution of AI, you still need to understand your clients on a very deep level. But then if you’re going to bring in an AI tool, you then need to train the chat, you’d be to your tool of your choice that you bring in.
on that information. So when you’re creating content moving forward, you’re creating content that speaks to your ideal client on a deep level and isn’t just generic. Another timeless foundational principle is core messaging. We talk a lot about that over the years. So identifying your core message or we’ve talked a lot about talking logo as well. And so that’s really identifying what makes you unique, but also what messaging resonates with that ideal client.
That is still incredibly important today, but it’s also important to take that messaging and train your AI tools of choice on that messaging as well. So again, you’re not creating generic content, you’re creating content that speaks to your ideal clients with the messaging you’ve identified is really important. And so those foundations are still the same, but the way we’re using them is evolving a bit because of the technology that’s now available.
John Jantsch (06:48.733)
So, you know, we’ve, we’re all seeing people run into AI and just like, look what it can do, makes life faster, better, cheaper. Um, where do you think the danger of this, that like eyes wide open, you know, jump in and start using the tools? What do you think the danger of that is for many small businesses?
Sara Nay (07:07.987)
It complicates things that causes confusion. causes inconsistency. It causes noise. It amplifies the chaos that’s already there. It causes so many issues for the internal team or the team using the program, but also for the clients and prospects that you’re putting out content to as well. And so it’s causing confusion in both of those areas. And so a lot of what I encourage small businesses to do is take a step back.
John Jantsch (07:12.916)
amplifies the chaos that’s already there, right? Yeah.
Sara Nay (07:33.767)
And if you’ve been following duct tape marketing for any period of time, you’ve heard us say strategy before tactics. But it’s now strategy before tactics and technology is the conversation we’re having with clients. And so if you’re thinking about, okay, we need to be using AI tools instead of just diving into tools first, take a step back and answer some very important questions as to what’s the business actually trying to accomplish? What’s the marketing strategy look like based on that?
What’s the team strategy or what’s our current team structure look like? And then you can say, okay, what tools can help us accomplish our goals? And then once you identify what the tools are, you then need to train the tools on your strategy that you would have created to then get to the point where you’re ready to execute on them efficiently. So don’t dive into tools, take a step back, create the strategy, and then answer the question of what tools are gonna help us get from where we are today to where we’re trying to go.
John Jantsch (08:30.936)
So, you know, the fractional CMO plus concept is a big part of our model. what do you tell that small business owner that’s got kind of a smaller budget and it’s thinking, I really just need somebody to do stuff rather than like, you know, I can’t really afford or I, or maybe I’m not big enough to even think about the idea of having fractional leadership. What do you say to that business as to why they need to maybe change their mindset?
Sara Nay (08:55.403)
Yeah, I mean, think, again, I keep going back to AI, but it’s causing small business owners or small businesses an opportunity that we haven’t had before. so, you previously, let’s think of traditional marketing org chart. You would have a CMO in a company and then you would have a lot of different executors under them, essentially. So you’d have like a paid specialist, an email marketing specialist, a social, you know, all of the different channels and categories. That’s never really been feasible to small businesses because
they wouldn’t even have a budget for a CMO, let alone all the other people that are involved in that story. And so I think the best opportunity that small businesses have is right now in terms of the org chart, because you can bring in a fractional CMO. So you’re not paying a full-time salary. You’re paying a set fee every single month. That fractional CMO is then tasked with creating the overall strategy, managing the budget, owning the metrics.
overseeing all of the marketing department essentially. And then under that fractional CMO, believe instead of, I don’t know if we’re quite there yet, but the direction I believe we’re going is instead of having a specialist in all the different channels, small businesses can have marketing executors that are familiar enough in writing great copy and understanding social media, but they’re really systems oriented and technology first people.
where you can bring in AI systems below them to help them execute at a higher level than they’ve ever been before. And so now you’re getting a marketing org chart with all of these different roles that you previously probably couldn’t even think about affording as a small business.
John Jantsch (10:35.832)
So going back to the theme of renting, mean, the opposite of renting is owning. and so to a large degree, you know, what you’re describing there is kind of that path towards owning your, your marketing, you know, as a business, as opposed to maybe it wasn’t even renting. was abdicating like going here, you do it. I don’t care what you’re doing over there, but how does that change the business owners mindset in terms of.
Sara Nay (10:54.124)
Yeah.
Yeah.
John Jantsch (11:05.262)
people in terms of structure, in terms of process, if they’re actually, you know, now they’re going to have those people in their organization or they’re going to have those functions in their organization. Who manages that? How do they hire for that? Are they, are they bringing in more overhead that makes sense for their business if they’re going to start thinking that way, or is this the ultimate path to, truly scaling a business?
Sara Nay (11:16.557)
It obviously depends on the business situation, revenue size, long-term growth goals. And so there’s a lot of factors that I would need to consider to answer that specifically. But for me, if you’re a small business and you’re looking to scale up,
when you’re doing a certain level of revenue, you’ve been in business for a few years, let’s say you’ve passed the 1 million revenue mark, I think it’s time to start considering you need marketing leadership of some extent. And so when small businesses scale up to a certain point, if they haven’t looked for marketing leadership, the CEO becomes the CMO and they either have marketing experience or they learn marketing. And now it’s this necessary evil that
they’re having to spend a lot of their time on where they never wanted to become a CMO in the first place. And so if you’re scaling up and you have high growth goals, looking for someone like a fractional CMO, I think makes a lot of sense because the whole idea is as the CEO or founder, you stay in your zone of genius. You stay focused on the why behind you building the business in the first place. then you… In selling, yeah.
John Jantsch (12:34.798)
or in selling, you know, stuff that actually is going to make money for the business rather than you having to figure out how to manage the technology.
Sara Nay (12:46.121)
Exactly. And then you bring in a fractional CMO or a marketing leader of some extent that then is tasked with what you identified earlier in terms of managing team, bringing in partners or hiring full-time team, running the technology, building the systems and processes, running the budget and the metrics. so the fractional CMO is really tasked with leading the marketing department and working alongside you to help you reach the specific business goals that you would have laid out.
John Jantsch (13:15.566)
You know, if somebody, whoever you’re working with is going to bring you strategy first, you know, as the first step, it doesn’t really matter what you call that person, right? What their role is, right? I mean, it’s really more the idea of thinking strategy first, isn’t
Sara Nay (13:21.901)
Yeah.
Sara Nay (13:31.137)
Yeah, absolutely. And so we’ll throw out all different terms. I mean, we talk a lot about fractional CMO, but if that feels like too elevated of a term, know, marketing leader, marketing strategist, marketing advisor, you know, the point is what they’re doing. They’re, leading the marketing initiatives and not just being an order taker.
John Jantsch (13:51.672)
So let’s flip to agencies that are listening, because I know we have agencies listening as well. How do they have to shift their mindset to really stay relevant? mean, I think in some agency, you look at some of these agencies that are providing SEO and content and social media, that’s their package, right, of done for you services. There might be a time in the very near future where that’s just not that relevant.
Sara Nay (14:19.372)
Yeah.
John Jantsch (14:19.423)
or people aren’t going to be willing to pay what you need to run a profitable business. So how do agencies need to shift their mindset?
Sara Nay (14:26.705)
Yeah, and there’s been a lot of stuff coming out there that I’ve seen on LinkedIn and different articles about how many agencies are going to shut down in the next few years. I think a lot of that stuff’s hard to predict, but I do think if you just keep offering execution, it’s a race to the bottom in a lot of cases because small businesses, even if they’re not doing it that effectively yet, they are bringing in AI solutions to cut costs in certain areas. And I think that marketing execution is one of those.
areas. And so, you know, I think if agencies keep offering execution as their core services, it’s going to be very challenging in the next few years moving forward, because AI is becoming more sophisticated. So you’re basically competing against AI in that scenario versus if agencies shift their offering and they step more into this leadership role, where they’re, you know, focusing on strategy.
they’re elevating team, it can be their own team or it can be internal team, but they’re elevating humans essentially with AI systems below them. Then they’re working alongside AI versus competing against it.
John Jantsch (15:35.64)
So if I’m a small business owner listening and.
Obviously picking up and reading the book is going to be step one. But what are a couple steps towards taking this ownership mentality that somebody could start this week? If you’re stuck in the old kind of way of thinking, here are a couple things you can do this week to start changing your mindset or maybe even changing your marketing.
Sara Nay (16:06.165)
Yeah, of course. There’s two things that come to mind right off the bat. One of the first things, and I talk about this in the book as well, is the marketing strategy pyramid. We talk a lot about it at Duck Tape Marketing, but it’s really taking a step back and answering some business strategic questions first. So really analyzing what are your business goals? What are your objectives? What’s your revenue? Where are you growing towards? What are your mission, vision, values? And so really analyzing some of those things.
And then thinking through what is your marketing strategy to help you move in the right direction. And then thinking through what is your team strategy. So you have to have those two bottom layers of the pyramid first to then think about team. But, know, to the question of how can businesses take back ownership when you’re analyzing your team structure, think through like, these internal roles? Are we relying on outsourced vendors? If we’re relying on outside outsourced vendors or solutions.
Do we have clarity and confidence and control or ownership as to what they are doing or are we kind of left in the dark? I if you’re left in the dark through some of your partnerships, that’s when it’s time to analyze, does it make sense to continue on with this partnership or is there a way where we can get more ownership and control? So that’s where I would start is kind of going back to the basics there and analyzing your current structure, your current relationships, your current team.
and making sure that you have clarity in what everyone is doing.
John Jantsch (17:35.672)
So I’m going to go a little in the weeds here on AI, mainly because it’s on everybody’s mind right now. There are a lot of some of these agencies that we’re talking about are shifting their whole model to being calling themselves AI agencies, where they want to come in and show you how to put in agents and how to automated this and automated that. How do you think small businesses should be looking at?
Sara Nay (17:51.703)
Yeah.
John Jantsch (18:02.806)
I mean, I don’t think we have to convince them that it’s not going away, but how do you think they should be looking at getting the most out of AI as really the end to end solution or the end to end assistant at this point that it can be rather than just looking at it as, here’s how I can automate stuff and or worse yet, here’s how I can fire people and do more with less.
Sara Nay (18:08.909)
Yeah, a big part of that I think is doing an analysis of who’s currently on your team and you’re not asking the question.
How can we get more work out of them or how can we get them to move faster or be more productive? What you’re answering is how can we elevate them to make more of an impact? And so one of the exercises that we’ve done with our team fairly recently, and this is also in the book as well, is we had everyone on our team analyze what skills are they doing on a regular basis. And then we basically had them identify what are human-led skills that they should continue to focus on, things that light them up, that they love.
And then we also had them identify what skills can be AI assisted and what skills and tasks could be executed by AI. And so we went through that exercise so people could essentially analyze their roles and think about how they could future proof their careers moving forward. And so I think that’s a really great exercise for anyone listening as a business leader or for your whole entire team is you should all be thinking about how can we future proof the business as a whole.
And that’s a lot of what you and I talk about when we talk about shifting our model in a new direction. But you also need to be considering everyone on your team. How can you help them elevate with AI instead of be replaced by it? And then how can you help them continue to grow and focus on the skills that are becoming more important because of the evolution of AI?
John Jantsch (19:54.414)
talking with Sarah Ney, the author of Unchained. Sarah, I appreciate you spending a few moments to talk about Unchained. Is there a place that you’d invite people to go to find out more about the work you do, of course, but then also the new book?
Sara Nay (20:08.269)
Absolutely, so unchainedmodel.com is the book’s website, so love for you to check that out and also connect with me on LinkedIn. Again, my name is Sarah Ney.
John Jantsch (20:18.23)
Awesome, well again, I appreciate you stopping by. Hopefully we’ll see you one of these days soon out there on the
Sara Nay (20:24.589)
Thank you.
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Unlocking Hidden Profits with Stacey Hylen written by John Jantsch read more at Duct Tape Marketing
OverviewIn this episode of the Duct Tape Marketing Podcast, John Jantsch interviews Stacey Hylen, internationally recognized business coach, growth strategist, and author of “Hidden Profits: More Clients and Cash.” Stacey shares actionable insights on how business owners can uncover untapped revenue, raise prices with confidence, and create long-term client relationships—often without spending a dime on new marketing. The conversation covers why mindset is key, how to reposition from commodity to couture, and why small changes (like a single upsell question) can deliver massive results.
Stacey Hylen is a globally recognized business coach, growth strategist, and speaker who has spent over two decades helping entrepreneurs—from solo businesses to Fortune 500s—uncover hidden profits and boost performance. As a former VP for Chet Holmes International and now the author of “Hidden Profits,” Stacey is known for her practical, empowering approach to business growth.
“Most business owners are too close to see the hidden profits in their business. It’s about getting resourceful, not just adding resources.”
— Stacey Hylen
“Sales is service. If you’re great at what you do, you owe it to your clients to help them—and that means being confident about your value.”
— Stacey Hylen
John Jantsch (00:01.55)
Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Stacey Hylen. She’s an international recognized business coach, growth strategist and speaker who spent over two decades helping entrepreneurs uncover untapped revenue and performance in their business. As a former vice president for Chet Holmes International, Stacey has worked with companies ranging from solo entrepreneurs to Fortune 500s. We’re going to talk about her new book.
hidden profits, more clients and cash. So welcome to the show, Stacey.
Stacey Hylen (00:35.247)
Thanks John, I’m excited to be here.
John Jantsch (00:37.696)
So you open actually the book with a story, which is always awesome. A business owner doubled their revenue without new marketing spend. Can you break down a little bit of the hidden profit you helped them find and, and maybe also like how they couldn’t spot it themselves.
Stacey Hylen (00:54.649)
Yeah, well, the thing is, is that a lot of times when you’re a business owner, you’re stuck in the day to day doing all the time. so it’s really, really hard to see the things for yourself. So the hidden profits came about from when I worked with Tony Robbins and he said during the recession, it’s not about a lack of resources. It’s about becoming more resourceful.
And so what we looked at is, all right, what are the ways that we can increase? And we looked at the different hidden profits in his business. In this case, he was able to do a come on back strategy to reactivate a bunch of the clients that, that hadn’t been in his business for a while and increase his business that way. And then we also looked at tweaking his pricing because this is in a lot of places he was under pricing what he was doing.
John Jantsch (01:45.902)
Yeah, yeah, we could probably talk the whole show about that very thing. I find that especially with service businesses. What would and you probably encountered that a lot, right? So just telling somebody they should raise their prices. Well, it make sense. It’s pretty hard for them to sometimes stomach. How do get people around that resistance that they’re normally is?
Stacey Hylen (02:07.779)
Well, it’s funny because in the book I call that that fear factor, right? The hidden profit of raising your prices because people not being able to raise prices comes from a lack mentality as opposed to abundance mentality. It also comes from not owning your expertise. And so I think one of the big challenges that, that entrepreneurs need to do is to start to own their expertise and to own the outcome that they help create for their client. And when you.
John Jantsch (02:11.746)
Yeah, right, right.
Stacey Hylen (02:37.315)
focus on what the outcome is that you create for your client, then it’s a lot easier to say, okay, this is worth charging more for, be willing to, know, sometimes it’s baby steps that we have to do, you know, that we raise the price on one particular product or service or program, and then once they get the little bit of confidence, then we, you know, step it up again and again until we get to the right spot.
John Jantsch (03:00.226)
You know, I also find a lot of that comes from them not really being very specific about who they can help. And so they attract a lot of people that don’t get the value, don’t appreciate their expertise and, consequently are very price sensitive. Would you, would you say that’s also another, like getting people to narrow their focus as part of it too?
Stacey Hylen (03:19.331)
Yeah, it’s really important. And I think part of that comes from your language when you speak to in your marketing, you know, and really honing in that strategic positioning so that you become the expert that they want to work with. And I think, you know, I had a client here yesterday for a VIP day. And one of the things that was funny is he was saying words that he wanted, you know, to attract the clients and.
None of the words he mentioned were the words in actual prospect would be searching for or looking for in a transformation. So we had to really look at that. And then we also looked at, know, who are those clients that he didn’t want and what were the warning signs? Because I think a lot of times, again, coming from a lack perspective versus an abundance perspective, that they think, it’s a lead. have to take this client. But when you have a lot of crappy clients, it sucks your energy. It sucks your time.
And it’s not a great way to grow your business. Whereas if you have one of your perfect clients that is fun to work with, is willing to invest, like that’s a great way to grow your business.
John Jantsch (04:15.278)
Yeah.
John Jantsch (04:23.244)
Yeah, it’s funny, you know, you’re in this game very long at all. You know, you can almost, I can almost talk to a client. The first thing they ask me, you know, well, if we go, you’re going to be a good client or not. You know, you get really good at sort of recognizing that perfect client behavior, don’t you?
Stacey Hylen (04:39.149)
Yeah. And also it’s, it’s, it’s willing to be pay attention to your gut when you hear that, but you’re like, Ooh, that’s not going to be a good one. And, being willing to just release them and let them go into the wild.
John Jantsch (04:44.118)
Yeah, yeah, yeah, yeah, yeah,
John Jantsch (04:52.022)
You identify something as being a problem that you call profit leaks. You want to talk a little bit about what those are?
Stacey Hylen (04:58.991)
Yeah. So one of the things with the profit leaks is that people are focusing on the wrong thing in their business. They’re focusing on the minutia in their business that is not helping them create revenue. Right. And so this could be endlessly tweaking your website. could be, you know, anything that is like so much easier to do than actually do some marketing, go out there, talk to prospects, get in front of, you know, places where your perfect clients are.
John Jantsch (05:13.417)
Right
John Jantsch (05:20.204)
Mm-hmm.
Stacey Hylen (05:26.883)
So I’m sure you see that in all of your work that people just like hide out. And that’s really where a lot of those revenue leaks come because they’re not taking the action that they need to take.
John Jantsch (05:36.682)
Well, I can go a lot of directions with that. But I think that that’s a real issue. A lot of businesses, mean, a of people know how to do something. They got into a business to do it, but they didn’t really get into business to go out there and sell to, you know, actually have conversations with people or convince people as they maybe feel like it is. So how do you get people past that? Because I mean, the whole profit conversation kind of breaks down if I can’t go out there and get clients.
Stacey Hylen (06:02.691)
The thing is, that I really help my clients shift from seeing sales as selling to helping them see it as serving. And the reason why is if, if I was to ask you, what’s your favorite restaurant, you would, what’s your favorite restaurant, John? It’s easy to say, right?
John Jantsch (06:18.35)
All right, it’s Trace Greengroce in case you’re listening in Nederland, Colorado. Okay, go ahead.
Stacey Hylen (06:24.565)
Awesome. Awesome. And so you’d like, that’s easy because you think, my gosh, I’m going to help Stacey find a great place to eat while she’s in Colorado. But the thing is, is your prospects are also having problems and challenges. And if you are really good at what you do and you’re an expert at it, then you should be willing to share what you do because you’re helping solve a problem for somebody and you’re actually serving them. So I think that’s really the first step to shift into that.
that confidence and that’s where having a coach really helps is because sometimes they have, my clients have to borrow my confidence, both in selling, marketing, and also raising their prices, right? Because those are all confidence issues.
John Jantsch (06:51.02)
Yeah.
John Jantsch (06:56.056)
Yeah, yeah.
John Jantsch (07:02.604)
Yeah. And I would extend that to referrals too, because a lot of people, even if they have a good customer, they’re like, I’m reluctant to ask, you know, for referrals, but it’s the same thing. It’s like, if, if you’re getting like this amazing result, wouldn’t you your friend to get that? So it’s kind of the same mentality, isn’t it? So I should have asked this at the very beginning of the show. But we ought to set, we ought to talk a little bit about people’s relationship with the word profit to begin with. You know, a lot of business owners,
don’t really think about profit or heaven forbid some actually look at it as a negative thing. And so consequently, and you probably know Mike McCallewitz, my friend that’s been on the show a number of times, wrote Profit First. And you you said that a lot of business owners, all they really want to do is pay the bills and pay themselves a salary and, you know, amounts to being a job rather than building an asset. So do you find that you sometimes have to actually set the
Stacey Hylen (07:44.143)
Mm-hmm.
John Jantsch (07:59.532)
baseline for what profit is and why it’s a good thing?
Stacey Hylen (08:03.279)
Sometimes, it depends on the client, right? But I think a lot of times what happens is, you know, the hidden profits are really revenue boosters that go direct line to bottom line profit. And that’s the difference in this book. Right, because that’s why this book has hidden profits, because there are things that…
John Jantsch (08:04.737)
Okay.
John Jantsch (08:08.088)
Yeah, yeah.
John Jantsch (08:16.108)
Yeah. Yeah. Raise your prices without raising your costs. Right.
Stacey Hylen (08:23.691)
boost your revenue, but because it doesn’t increase your cost, you’re not doing more marketing or more expense with the strategies in the book. It all goes to the bottom line profit. So it makes it much easier to boost your profit.
John Jantsch (08:26.958)
Yeah.
John Jantsch (08:36.398)
So if you were gonna walk into a business, and I know every business is different, but have you found there are a couple things that are like, that’s the low hanging fruit. Like here’s the first thing we’re gonna do.
Stacey Hylen (08:46.051)
Yeah, absolutely. So the first thing is, know, what do you have for past clients that are currently not doing business with you? Because those people love you, they trust you, and for the most part, you know, you were saying people are shy to do it or hesitant to do it. People are, other than dentists, are hesitant to get people to come back, right? And so.
John Jantsch (09:10.156)
Yeah,
Stacey Hylen (09:11.247)
We want to do a come on back strategy. And I had a client that I talk about in the book that she was taking one of my live hidden profit programs and it was the slowest month of the year for her. It was December. She was selling weight loss. Nobody wants to lose weight in December. It’s like time to eat your grandma’s cookies, right? So we did, she, she was an action taker and she said, I’m going to do it even though it’s December. And I was like, well, this might not be the best month for this hidden profit, but go for it.
John Jantsch (09:26.486)
Right,
Stacey Hylen (09:39.809)
She increased her sales by over 50 % in one month. She had her best month ever in her business by doing that reactivation strategy. And it’s because she actually went back to them, gave them permission to come back. And sometimes that’s the shyness there is like, you think the client is shy to come back to you because they might’ve gone off and tried another weight loss product or tried somebody else to fix their car or cut their hair or whatever it is. And you’re saying like, Hey, I’d love to have you back.
John Jantsch (09:53.816)
Yeah.
John Jantsch (10:01.932)
Yeah, yeah, yeah.
Stacey Hylen (10:09.017)
come on back and that works almost every single time to really boost profits very quickly.
John Jantsch (10:15.148)
You know, it’s really interesting too, because I think most businesses feel like, they left because they weren’t getting what they wanted here or, but people leave for tons of reasons. Right. And so I think for us to assume that it was all about us is probably what holds a lot of people back.
Stacey Hylen (10:30.625)
Yeah, this one, this one is going to be a rider downer for your listeners and watchers. I have a client, we call this the $700,000 mistake. And he was coming to his coaching call and he canceled last minute. And I said, what happened? And he said, well, I had a hundred thousand dollars sale. No, normally a hundred thousand dollars sale. I would be like, let’s do our happy dance. And he said, no, Stacy, this was not a happy dance moment. And I said, well, how can a hundred thousand dollars sale not be a happy dance moment? And he said, this client.
John Jantsch (10:34.904)
Okay, let’s hear it.
John Jantsch (10:51.084)
Right, right.
Stacey Hylen (11:00.111)
was a past client that for the last seven years has been going to my competitor. And because he had not said, come on back, he lost $700,000 in sales. So I want your listeners to be thinking about that. Like really, there’s some hidden profit right there that if you just go back and talk to these past clients, you can be welcoming them back into your business very easily.
John Jantsch (11:26.412)
Well, I think he should have done the happy dance anyway, you know, take what you can get. Okay. He learned a lesson, but take what you can get.
Stacey Hylen (11:33.769)
He learned a very expensive lesson.
John Jantsch (11:38.424)
So in some cases, people left because something was too expensive, their business had changed or something. mean, so how often do you find that the hidden profits might be in saying, hey, we need to relook at all of our products or all of our offerings and repackage or repositioning. How much of creating new profit is sort of reinvigorating what you’ve already put out
Stacey Hylen (12:01.711)
Yeah, well, when I, I have a mastermind and we have retreats twice a year and that’s really like, I would say like six months because we do the retreats every six months. It kind of gives us a time to like deep dive into the business and look at, okay, what’s working, what’s changed because you’re, you know, the markets change, the economy changes. AI has brought in a lot of stuff, right? Like I, recently become a certified AI consultant. like you can look at like.
John Jantsch (12:22.892)
Right. Right.
Stacey Hylen (12:29.817)
How can you refresh your offers to meet what your clients actually want right now? How can you package them differently? How can you drive them to those offers in a way that gets more clients quickly?
John Jantsch (12:45.048)
So you do talk about the hidden profits framework in the book. Is there a way for you to give the high level, here’s the step-by-step process?
Stacey Hylen (12:53.581)
Yeah, so what we’re looking at is we’re looking at where you’re not getting the revenue coming in the door. So we talked about the reactivation, the come on back. So that’s lost clients that have already worked with you. Another great spot to look at that’s a very quick win for most people is do you want fries with that? Right? The upsell. Now, when we were kids, we went to McDonald’s and they said, do you want fries with that? And our parents were like, okay.
And now they sell the happy meal, you know, the combo meal that has everything together with it. And they say, do you want to biggie size it or do you want to supersize it? And so a lot of times people are leaving money on the table right there when people have their wallets out. So when people have their wallets out in your business, that’s an opportunity for you to say, okay, you’re signing up for this. Would you like this? The VIP level support? Would you like this?
John Jantsch (13:37.646)
Mm-hmm.
Stacey Hylen (13:47.407)
additional thing that will help them solve their problem, help them reach their goal faster. So those are two hidden profit points that are really quick to add into your business without any additional time, money, or, you know, team members to implement them.
John Jantsch (14:03.31)
Let’s say you do have a team. I work with a lot of folks that have, you know, even salespeople in organizations, which, you know, their job is to sell more stuff, right? But what you’re talking about, the reactivating customers, looking for ways to sell more to, you know, even account managers, say in marketing firms. I isn’t that something that really ought to be, or a business ought to look at that as being everybody’s job, is to start adding those things?
Stacey Hylen (14:27.725)
Yeah, absolutely. Absolutely. Like I have a long time client. He’s been my client for over 15 years. And so what we look at every year is, okay, who are your best clients? What additional products, services, what additional things can help them solve their problems and help their clients reach their goals faster. And then his team, he has salespeople and he has operations people, they are trained to look for.
across opportunities also in that account. Like what else does this client need? What other divisions does this company have that could use our services? Who else could we meet in this company that could connect us to somebody else in the company that also needs our products or services? So absolutely, that’s something that should be constantly looked at and also rewarded, right? In terms of not just a sales team, but if you have an operations team that’s dealing with the client on a regular basis, they’re a really good person to.
John Jantsch (15:16.492)
Yeah, yeah, yeah.
Stacey Hylen (15:24.089)
hear about the pain, to hear about the goals within the company, how they’ve changed since the person’s talked to the salesperson and bring in some additional revenue through that avenue as well.
John Jantsch (15:31.116)
Yes.
John Jantsch (15:35.852)
What about companies that feel like, and I run across them all the time, at least people have this mentality. It’s like, I’m in this commodity industry. It’s all about price. You know, there’s, there’s really nothing more we can squeeze out of this. Have you been able to help companies like that, or at least that have that mentality think differently?
Stacey Hylen (15:52.259)
That is absolutely, that is one of my favorite things to do is to help clients go from commodity to Couture. And what that means is, you know, if you are competing on price, right? I had a client in the logistics industry, they are competing on price every single day and they’re competing against a hundred million dollar, billion dollar companies that are, you know, they have hundreds of salespeople smiling and dialing all day long, sending cold emails, all of that.
John Jantsch (15:56.002)
Yeah.
John Jantsch (16:13.826)
Right.
Stacey Hylen (16:22.325)
And my client was a boutique company. He’s gone from six to eight figures since we’ve been working together because we positioned him as this couture brand of helping him solve a problem for his client and get a better result, not saying, Hey, can we quote you on, on shipping? Can we quote you? And so what we’ve done is we’ve positioned him as how can we help you increase the client satisfaction on the back end?
John Jantsch (16:32.557)
Mm-hmm.
Stacey Hylen (16:48.267)
of the transaction once you make a sale in your company. So logistics becomes a value add versus a cost in the business. that also, when you position yourself in that future manner, it also helps the person making that buying decision be more confident changing providers because they’re going towards something, not just like making a minute improvement in something or just cutting costs, which often means you’re getting less service, less quality.
John Jantsch (17:08.172)
Yeah, right.
John Jantsch (17:17.398)
Yeah. Well, and they also aren’t going to leave you for the next person that’s five cents cheaper, right? Because it’s like, no way. Have you had any results that that that you’ve gotten for somebody that even surprised you?
Stacey Hylen (17:22.723)
Right, absolutely, absolutely.
Stacey Hylen (17:30.847)
gosh. Well, I would say that person doing the weight loss in December was a huge one. the other one, I had a client who had an auto parts store who is, you know, had all employees that were elderly and he was complaining about them when he did his intake form and is saying like, this wasn’t working, that wasn’t working. And it was really all about team. And I said, my gosh, how am going to help him if none of his team will do anything he said?
John Jantsch (17:35.822)
Yeah.
John Jantsch (17:55.555)
Mm-hmm.
Stacey Hylen (18:00.271)
So I said, we’re probably gonna have to clean house. And when we got on the call, he said, well, I’m not willing to let anybody go there. We live in this small town. They’re not gonna get any other employment. They’re family members, church members. So what we did is we did a one question upsell. That was it. And that increased his sales 48 % in one month. And it was just, he was blown away. I was blown away because he had such a hard, you know,
John Jantsch (18:09.347)
Hehehe.
Stacey Hylen (18:29.039)
hill to climb with his employees to actually do something? Just one question at a 48 % increase.
John Jantsch (18:35.278)
You and that’s a great lesson too, because sometimes we try to do all these things, right? At one time, and it just kind of overwhelms everybody. Just having that one thing was easy for people to do. And then they probably, when they started seeing success, they probably got a little jazzed in.
Stacey Hylen (18:50.711)
Yeah, yeah, because it’s when you get a yes and people are happy, then you want to have more of that. Right. And also the employees had the employer being really happy too, which created goodwill and helped the company culture as well.
John Jantsch (18:53.419)
you
John Jantsch (19:05.774)
Well, Stacey, I appreciate you taking a moment to drop by the Duct Tape Marketing Podcast. Where would you invite people to connect with you, find out more about your work, and obviously pick up a copy of Hidden Profits?
Stacey Hylen (19:14.807)
Yeah, thanks for asking. This has been great. I can be found at staceyhyland.com and I’m Stacey Hyland everywhere on the internet. And then if you want to get on the early bird list for the book, you go to hiddenprofitbook.com and we’re going to have a bunch of resources there. I have some AI stuff that’s kind of behind the scenes that I’ve, you know, plugged in with the hidden profits. So that’s going to be great. So go to hiddenprofitbook.com to get that as well.
John Jantsch (19:42.24)
Awesome. Well, again, I appreciate you dropping by and hopefully we’ll run into you on these days out there on the road.
Stacey Hylen (19:46.932)
Thanks John, have a great day.
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By JOSH BOAK and RAJESH ROY, Associated Press
WASHINGTON (AP) — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday.
India “is our friend,” Trump said on his Truth Social platform, but its tariffs on U.S. products “are far too high.”
The Republican president added India buys military equipment and oil from Russia, enabling Moscow’s war in Ukraine. As a result, he intends to charge an additional “penalty” starting on Friday as part of the launch of his administration’s revised tariffs on multiple countries.
Trump told reporters on Wednesday the two countries were still in the middle of negotiations on trade despite the tariffs slated to begin in a few days.
“We’re talking to India now,” the president said. “We’ll see what happens.”
The Indian government said Wednesday it’s studying the implications of Trump’s tariffs announcement.
India and the U.S. have been engaged in negotiations on concluding a “fair, balanced and mutually beneficial” bilateral trade agreement over the last few months, and New Delhi remains committed to that objective, India’s Trade Ministry said in a statement.
Trump on Wednesday signed separate orders to tax imports of copper at 50% and justify his 50% tariffs on Brazil due to their criminal prosecution of former President Jair Bolsonaro and treatment of U.S. social media companies.
Trump’s announcement comes after a slew of negotiated trade frameworks with the European Union, Japan, the Philippines and Indonesia — all of which he said would open markets for American goods while enabling the U.S. to raise tax rates on imports. The president views tariff revenues as a way to help offset the budget deficit increases tied to his recent income tax cuts and generate more domestic factory jobs.
While Trump has effectively wielded tariffs as a cudgel to reset the terms of trade, the economic impact is uncertain as most economists expect a slowdown in U.S. growth and greater inflationary pressures as some of the costs of the taxes are passed along to domestic businesses and consumers.
There’s also the possibility of more tariffs coming on trade partners with Russia as well as on pharmaceutical drugs and computer chips.
Kevin Hassett, director of the White House National Economic Council, said Trump and U.S. Trade Representative Jamieson Greer would announce the Russia-related tariff rates on India at a later date.
Trump’s approach of putting a 15% tariff on America’s long-standing allies in the EU is also generating pushback, possibly causing European partners as well as Canada to seek alternatives to U.S. leadership on the world stage.
French President Emmanuel Macron said Wednesday in the aftermath of the trade framework that Europe “does not see itself sufficiently” as a global power, saying in a cabinet meeting that negotiations with the U.S. will continue as the agreement gets formalized.
“To be free, you have to be feared,” Macron said. “We have not been feared enough. There is a greater urgency than ever to accelerate the European agenda for sovereignty and competitiveness.”

Washington has long sought to develop a deeper partnership with New Delhi, which is seen as a bulwark against China.
Indian Prime Minister Narendra Modi has established a good working relationship with Trump, and the two leaders are likely to further boost cooperation between their countries. When Trump in February met with Modi, the U.S. president said that India would start buying American oil and natural gas.
The new tariffs on India could complicate its goal of doubling bilateral trade with the U.S. to $500 billion by 2030. The two countries have had five rounds of negotiations for a bilateral trade agreement. While U.S. has been seeking greater market access and zero tariff on almost all its exports, India has expressed reservations on throwing open sectors such as agriculture and dairy, which employ a bulk of the country’s population for livelihood, Indian officials said.
The Census Bureau reported that the U.S. ran a $45.8 billion trade imbalance in goods with India last year, meaning it imported more than it exported.
At a population exceeding 1.4 billion people, India is the world’s largest country and a possible geopolitical counterbalance to China. India and Russia have close relations, and New Delhi has not supported Western sanctions on Moscow over its war in Ukraine.
The new tariffs could put India at a disadvantage in the U.S. market relative to Vietnam, Bangladesh and, possibly, China, said Ajay Sahai, director general of the Federation of Indian Export Organisations.
“We are back to square one as Trump hasn’t spelled out what the penalties would be in addition to the tariff,” Sahai said. “The demand for Indian goods is bound to be hit.”
Roy reported from New Delhi. Associated Press writers Samuel Petrequin in Paris and Darlene Superville contributed to this report.