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287 The Corporate Transparency Act Deadline: What Every Farmer Should Know

My Digital Farmer | Marketing Strategies for Farmers

Release Date: 11/13/2024

290 I Threw Together This Farm Marketing Promo in ONE HOUR show art 290 I Threw Together This Farm Marketing Promo in ONE HOUR

My Digital Farmer | Marketing Strategies for Farmers

Ever feel like you don’t have enough time to create a great marketing campaign? What if I told you it’s possible to throw together a full week’s worth of promo content in just ONE hour? That’s exactly what happened to me yesterday. In this episode, I’m sharing how I turned a simple promo post for my Fish Holiday Sampler Boxes into a full-blown 7-day marketing campaign. All it took was a little inspiration, some quick thinking, and leveraging the content I already had in my back pocket. You’ll hear the behind-the-scenes of how I pulled from existing resources like customer photos,...

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289 How to Quickly Qualify a Farm Lead or Prospect show art 289 How to Quickly Qualify a Farm Lead or Prospect

My Digital Farmer | Marketing Strategies for Farmers

Are you struggling to identify and prioritize your best customers? Ever felt like you’re just throwing spaghetti at the wall, hoping for a sale to stick? What if there were a proven framework that could help you qualify leads more effectively, saving you time and energy? In this episode, we’re diving into the B.A.N.T. formula—Budget, Authority, Need, and Timeline—a powerful tool that top sales professionals use to zero in on their ideal customers. But how does this framework apply to selling directly to consumers, especially when they’re deciding whether to commit to a CSA membership...

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288 How Much Longer?... The Value and Purpose of Waiting in Business show art 288 How Much Longer?... The Value and Purpose of Waiting in Business

My Digital Farmer | Marketing Strategies for Farmers

Ever feel like your farm business goals are taking too long to materialize? In this episode, we explore the often-overlooked value of "waiting" in business and why those seemingly stagnant moments are vital for growth. Drawing from my own journey through a long waiting period, I unpack the hidden benefits that emerge when we embrace the "in-between" times. Whether you're waiting to go full-time, reach a new revenue milestone, or snag that big wholesale gig, there's a lot happening beneath the surface—and it's all happening for you. In this episode, we discuss: Why waiting is a...

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287 The Corporate Transparency Act Deadline: What Every Farmer Should Know show art 287 The Corporate Transparency Act Deadline: What Every Farmer Should Know

My Digital Farmer | Marketing Strategies for Farmers

Have you filed your CTA report yet? (Do you even know what that means?) This is a fairly "new" (and unknown) legal requirement and I'm discovering that a lot of farm business owners have no idea about it.  As a business, you may have to file a report, and you have until December 31, 2024, to do so (or face some big fines). In this episode, I break down the Corporate Transparency Act and its implications for business owners, especially small farms. With insights from my lawyer Richard Chamberlain, we dive into the federal reporting requirements designed to identify your beneficial owners...

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286 What's Your Farm Lead Worth? Farm Metrics: Understanding your EPL (Earnings Per Lead) show art 286 What's Your Farm Lead Worth? Farm Metrics: Understanding your EPL (Earnings Per Lead)

My Digital Farmer | Marketing Strategies for Farmers

November 6, 2024 by Corinna Do you know how much each lead is worth to your farm business? In this episode, we dive deep into the concept of Earnings Per Lead (EPL) and how it can transform the way you approach marketing for your farm. I’ll explain exactly what EPL is, how to calculate it for both paid and organic campaigns, and why this metric is critical to understanding the value of each lead. By tracking EPL, you'll learn how to make data-driven decisions to boost your farm’s revenue, whether you’re running a CSA, selling farm products, or hosting events.  Listen in to discover:...

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285 Boost Your Farm's Revenue with Value-Added Products: Insights from Kendall Ballantine show art 285 Boost Your Farm's Revenue with Value-Added Products: Insights from Kendall Ballantine

My Digital Farmer | Marketing Strategies for Farmers

Are you creating value-added products and selling them in your farm business? After hearing this episode, you may decide to get started! "Value-added" refers to any agricultural products that have been processed or enhanced in a way that increases their market value. This could involve transforming raw farm products into something more convenient, shelf-stable, or unique, thus making them more appealing to customers. For example, turning fresh vegetables into pickles, making jams from fruit, or creating bone broth from animal by-products are all considered value-added because they offer more...

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284 Holiday Promotions: How to Prep Your Farm's Online Store for the Holidays show art 284 Holiday Promotions: How to Prep Your Farm's Online Store for the Holidays

My Digital Farmer | Marketing Strategies for Farmers

With the holidays coming, are you preparing any farm promotions to finish Q4 strong? If not, this episode is for you. I've invited my friend Christina Marbury (the marketing director of Taste the Local Difference -- a marketing agency for farmers) to share her expertise in building holiday promotions that sell. Christina has the advantage of working with hundreds of farms across the Midwest on their marketing strategy, and she has seen the types of offers that work well for the Thanksgiving/Christmas seasons. Your consumer is "trained" to buy this time of year. Between gift giving and the big...

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283 CSA Early Renewal Promotions: My Process show art 283 CSA Early Renewal Promotions: My Process

My Digital Farmer | Marketing Strategies for Farmers

Are you a CSA farmer that has to get their members to "renew" every year and it always feels like a STRUGGLE? I've got you, my friend, because in this episode, I share my process for setting up my CSA early sign "renewal" promotion every fall in the final week of my CSA. I give them only 7 days to make up their minds. I've used the same sales system for the last 7 years, and I consistently get 75-85% of them to renew.  Here is an overview of the steps that I walk through in more detail in the episode. Use this as your checklist for running your own campaign: Set the three key dates....

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282 The Secret to Turning Small Actions into Big Commitments: How to Make Customers Stick show art 282 The Secret to Turning Small Actions into Big Commitments: How to Make Customers Stick

My Digital Farmer | Marketing Strategies for Farmers

In this episode, we dive into the powerful psychology of consistency and how small commitments can lead to bigger, lasting customer actions. Inspired by Robert Cialdini’s principle of consistency from his book Influence, we explore how getting your customers to take small, meaningful steps—like participating in social media posts or attending a farm event—can prime them for bigger purchases down the line. We’ll also discuss how this principle helps customers claim an identity and align their values with your farm, creating a loyal, committed base. Tune in to learn how to leverage this...

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281 When to use Fixed Price v. Percentage Discounts show art 281 When to use Fixed Price v. Percentage Discounts

My Digital Farmer | Marketing Strategies for Farmers

Fixed Price discounts. You've seen them. "Save $5 when you spend $25!!" Percentage off discounts. You've seen those too: "Get 20% off when you spend $25 or more!" But which one is more effective? If you were going to build a coupon code in your online store, or offer a promotion at your farm store -- which one will lead to more sales? Well... it depends. As it turns out, there are best practices surrounding the use of the fixed price v. the percentage off discount. And it all revolves around sales psychology.  Our brains just "feel better" when we use one over the other -- in certain...

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More Episodes

Have you filed your CTA report yet? (Do you even know what that means?) This is a fairly "new" (and unknown) legal requirement and I'm discovering that a lot of farm business owners have no idea about it.  As a business, you may have to file a report, and you have until December 31, 2024, to do so (or face some big fines).

In this episode, I break down the Corporate Transparency Act and its implications for business owners, especially small farms. With insights from my lawyer Richard Chamberlain, we dive into the federal reporting requirements designed to identify your beneficial owners and prevent money laundering and fraud. Learn what your business needs to do to comply and avoid hefty penalties.

  • What critical information must you report to the government by the fast-approaching deadline?
  • Who exactly qualifies as a "beneficial owner," and why does it matter?
  • The surprising exemptions to the Corporate Transparency Act—could your business be off the hook?
  • How you could face daily fines or even jail time for missing a simple filing.
  • Can you file on your own, or is a lawyer necessary to navigate this new law?

Tune in to find out how this law impacts your business and the steps you need to take before December 31, 2024! Your homework is to TAKE CARE OF THIS by the end of the year! It only takes 10 minutes. Do it this week!

Meet my Lawyer: Richard Chamberlain.

Richard Chamberlain is the founder and managing attorney of Legacy Law Group in Perrysburg, Ohio. He is admitted to practice law in both Ohio and Michigan. He earned his undergraduate degree in Economics from Tulane University in New Orleans, LA in 1989 and his law degree from Florida State University in Tallahassee, FL in 1992. After working at different law firms in Florida, North Carolina and Ohio, Richard founded the Legacy Law Group in 2007 and focuses primarily on serving clients in estate planning, legacy planning, asset protection and estate administration matters. Richard’s first book, Protecting your Family’s FutureAll about Wills, Trusts & Probate, was published in September of 2020. Richard also hosts a podcast, Protecting Your Family’s Future, which is available on all major podcast platforms.
Richard and his wife Kelly have been married for 30 years and they have 4 daughters and 1 granddaughter. They enjoy spending time together going to the lake, boating, hanging out with their dogs, watching movies, and traveling.
 
To learn more about Richard Chamberlain's law firm:  www.PlansThatWork.net
 
To get Richard's free ebook PDF about estate planning, wills, and probate to help you navigate this topic for your farm: https://plansthatwork.net/ep-book
 
Richard’s podcast, Protecting Your Family’s Future, is available on all major podcast platforms.
 

Podcast Sponsor:

This podcast was sponsored by Local Line, my preferred e-commerce platform for farmers. Are you looking for a new solution for your farm? I can't recommend it enough. Easy to use inventory management, great customer service, continuous improvement, and a culture dedicated to equipping farmers with marketing expertise, Local Line should definitely be one of the e-commerce solutions you consider as you switch.  Local Line is offering a free premium feature for free for one year on top of your paid subscription. Claim your discount by signing up for a Local Line account today and using the coupon code: MDF2024. Head to my special affiliate link to get started: www.mydigitalfarmer.com/localline

Some of the resources mentioned in this episode:

Financial Crimes Enforcement Network (FinCEN): www.Fincen.gov/boi

FAQs on Beneficial Owners - https://fincen.gov/boi-faqs

The Small Entity Compliance Guide: https://fincen.gov/boi/small-entity-compliance-guide

Create a FinCEN ID - https://fincenid.fincen.gov/landing

Where to file your BOI report - https://boiefiling.fincen.gov/

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Farm Marketing School - my monthly online marketing school membership just for farmers. Farm Marketing School is an on-demand library of marketing workshops and project plans that will help you build some of the most important parts of your marketing system: building a promotion calendar, setting up your Google Business Profile, auditing your sales funnel, updating your home page of your website, building your first email nurture sequence, acquiring and deploying testimonials, writing great weekly email promotions, nurture emails, onboarding emails, and practicing different types of offers. You get to chose what you want to study and build each month. These projects are designed to be completed in under 30 days, so that you slowly build your marketing system piece by piece. Use the step by step project planner and resource folder to help you jumpstart your work. Take advantage of my new marketing crash course inside or take the onboarding assessment tool to help you identify where your funnel is broken and what project to do first. To see what courses are currently inside of FMS, or to try out Farm Marketing School for a month at mydigitalfarmer.com/fms  Start and cancel your membership anytime.