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The Money Mondays - Episode 144 Notes: How the Next Million-Dollar Brands Are Built (And What It Takes to Lead Them)
Podcast Overview
- Title: The Money Mondays
- Host: Dan Fleyshman
- Episode Title: How the Next Million-Dollar Brands Are Built (And What It Takes to Lead Them) 🧠 EP144
- Guests:
- Adley Kinsman - Co-founder of Viralish
- Gregory Zamfotis - Founder and CEO of Gregory's Coffee
Episode Description In this episode, Adley Kinsman and Gregory Zamfotis discuss the essential elements of building a lasting brand, from creativity and authenticity to the mindset required for scaling a business. The dialogue touches upon digital virality, growth in physical spaces, and the fundamental principles of discipline, vision, and purpose.
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Key Discussions
- Building a Lasting Brand
- Authenticity Drives Loyalty:
- A brand's authenticity fosters customer loyalty.
- Emotional connection with customers is crucial.
- Challenges of Viral Content Production:
- Adley shares her journey from initially producing low-view content to achieving viral success.
- Emphasizes the role of experimentation and audience feedback in content creation.
- The Importance of Attention
- Monetization Strategies:
- "Where attention goes, money flows."
- Creators can monetize through platform payouts or by leveraging attention to promote their own products/services.
- Content Creation Across Platforms:
- Importance of distributing content across various social media platforms to maximize reach.
- Utilizing data to inform which platforms yield the best results.
- Investing in Personal Brand
- Self-Investment:
- Investing in personal growth is vital for influencers to manage opportunities.
- A strong personal brand is essential in an automated advertising landscape where reputation matters.
- Future of Social Media:
- Predicts a future where social media is a vast automated system displaying brands and individuals.
- Importance of managing one's online presence proactively.
- Charity and Community Engagement
- Philanthropic Responsibility:
- Adley highlights the importance of using one's gifts for the greater good.
- Encourages integrating charitable efforts into business models for authenticity.
- Gregory's Coffee Philanthropy:
- Gregory Zamfotis describes initiatives like providing glasses for every coffee sold.
- Stresses that philanthropic efforts should stem from genuine care, not just as a marketing tactic.
- Insights from Gregory's Coffee
- Growth and Scaling:
- Discussed the evolution of Gregory's Coffee from a single location to 54 locations.
- Emphasis on maintaining an authentic brand while modernizing operations and aesthetics.
- Franchising Strategy:
- Current operations are all corporate-owned, but plans to pivot to franchising to expand further.
- Hiring Talent:
- Importance of investing in quality talent to drive business growth.
- Higher salaries for skilled individuals can yield significant returns for the company.
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Key Takeaways
- Creativity and Consistency: Building a brand requires a balance of innovative content and consistent messaging.
- Authenticity in Engagement: Authentic connections with audiences can lead to long-term loyalty and higher engagement.
- Data-Driven Decisions: Utilizing data to understand audience preferences and optimize content across platforms is crucial.
- Community Impact: Businesses that engage in charitable efforts can build a stronger brand identity and community connection.
- Talent Investment: Hiring the right people is a critical investment that can significantly affect a company's success trajectory.
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Conclusion This episode of The Money Mondays offers valuable insights into building and leading brands in today's digital landscape. With guest contributions from Adley Kinsman and Gregory Zamfotis, listeners gain a deeper understanding of the principles that drive successful brands and the importance of authenticity, community involvement, and strategic growth.
For more episodes and insights, visit [The Money Mondays website](https://themoneymondays.com) and subscribe to the podcast on various platforms.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:05Ladies and gentlemen, welcome to a special edition of the Money Monday's podcast where we cover three core topics. How to make money, how to invest money, how to give away to charity. You might notice I'm not inside of the RV motorhome where I interviewed this guest previously. It's very, very rare that I bring on a guest for a second time, but this guest is probably going to come on every single year because she's so amazing what she does. She's averaged over 1 billion views in a month, month after month after month after month. It is staggering to watch and watching her career for years, and we're going to dive right into it.
0:35But as you guys know, these podcasts is normally 40 minutes or less because the average workout is 45 minutes. The average commute to work is 45 minutes. However, this episode is only going to be around 20 minutes because we're at the Zeta Global Live conference. We're not inside the motorhome. Downstairs, there's over 2 ,000 chief marketing officers and CEOs of different brands that are learning here today for this big one-day conference called Zeta Global Live. I will be interviewing Adley on the panel very shortly, so we're going to get out of here, but this episode is going to be 20 minutes, so we're going to dive right in.
1:04Adley, give us the quick two-minute bio so we can get straight to the money. All right. Hey, guys. Good to be back with you. My name is Adley, and I'm a viral video engineer. And no one just comes out of the womb becoming a viral video engineer. So naturally, I started with pranks. While I was on tour with Blake Shelton, he was my coach on The Voice, but I got really frustrated waiting for permission from a suit behind a desk to say, you're good enough to entertain people now. So started making videos and made videos for a long time that nobody watched. Not even my mom. That's how bad they were.
1:34And so I kept making content just because I loved the story of it. I loved being able to entertain direct-to-consumer, and we got the data back so much faster versus music or songwriting. If you guys are familiar with the arts, you're building catalogs and waiting for somebody to say, this is good, now is your time. But with video, you don't have to do that. Whether you're marketing, advertising, you can get the feedback so much quicker. So I started doing that in 2020. We were averaging about 20 million views a week. and in March of 2020, we went to 200 million views a week on just my husband and I's prank videos.
2:08So that was changing our lives. But as a storyteller, I was like, man, what else do people watch? They're watching cop chases. They're watching dramas of Karens and these soap operas. Why don't we recreate that for social? So we started doing that, but nobody was used to watching scripted on social. So we got away with it for a very long time before everybody started calling fake on everything. So we had actors, we had 15 people showing up to the house every day for three and a half years, making 18, 20 minute long videos a day. And a single video could do six figures. So we were cranking this out and changing our lives and everybody that we could touch our lives as well throughout the process.
2:50And here we are. Now we get to consult and use our powers for good and work with some of the biggest brands in the world and help them to have more impact with their mission, message, product, or service. Okay. There's so much to unpack there. Viralish is the company, right? It's the actual agency that you actually help do this for brands and other creators. Walk us through why start Viralish when you're just doing it for yourself and for those 18 people, for example. Why start an agency to do it for Land Rover and brands like that? That's a great question. So I did not want to start an agency.
3:19Does anybody ever, like, where you're just saying client delivery? But I think it is natural human behavior once you crack a code for yourself and you've change your own life, it is very natural to say, I have something that can be an unlock for anybody. And you can compress years into months of an unlock for somebody. And that is the best feeling in the world. It really is better, as you know, to give than to receive. That is the ultimate gift. And so when we started doing it for others, I realized I'm training one-on-one, one-on-three, and that's very exhausting and that's not scalable. So we curriculumized the knowledge so we could train viralish creators from anywhere in the world and give this skillset.
3:55But it attracted 95 % business owners. And I was like, oh, I had not thought about attributing what we do of how to get anybody to watch anything and how to compel people with storytelling online and how to package yourself up to tell your story. So we pivoted a little bit. We started doing it for businesses. But then because I was an entertainer too, I'm also getting brand deals from Land Rover. And so it all started from me getting brand deals as an entertainer, but also kind of starting this education company that you don't realize you're building while it's happening but then you blink and six months a year later you're like oh my gosh that's let's formalize this as viralish where we can just take everything that's happening to us everything that we're learning and pass it through right and so that became our education company to where as i learn things as i develop things we can just pass it on to people so that they can implement it without having to hire us to do it for them.
4:49Got it. So on the make money side of this podcast, you mentioned something about some of your videos could go make hundreds of thousands. Let's say someone listening wants to make a few thousand dollars. Obviously there's anomalies, you know, that you might teach people how to go make hundreds of thousands. Let's talk about a few thousand dollars. How could someone, whether they're 15 years old, 92 years old, everyone in between, how can they make videos that make a couple of thousand dollars? Where attention goes, money flows. So step one and what we over-index on teaching people how to do is getting attention.
5:19So ultimately, you have to do that in a way that's going to be sustainable and authentic to you. Otherwise, you're going to give up, right? So for some people, that's making videos that entertain the masses or educate the masses, and you're getting paid from platforms like Facebook, Snapchat, YouTube, TikTok. Or some people get the attention and they have their own product or business or service. So you've got to pick how you want to monetize. Is it from platforms paying you? If so, you need a crap ton of views. or is it getting that attention to parlay it into your own business and your own product?
5:48On the investing side of this podcast, normally we talk about investments into real estate, stock market, cash flowing businesses, cryptocurrency. I want to ask about investing into yourself. Why is it important for an influencer, creator, or a person that wants to become one? Why is it important to invest into their personal brands? Because when you get it, you have to invest into your personal brand and your personal brain is not going to be of service to anybody if you are not pouring new knowledge, new inputs into yourself that are helping you become the higher version of yourself. If I was Adley five years ago, I would not be equipped to handle the success that we're having today.
6:24So developing yourself not only from an outward optics perspective, but also the ethics that are inside of you to be able to handle the pressure. You have to learn how to hire, how to make good decisions. You have to constantly be ingesting new information and controlling your inputs, who's around you, what you're listening to, because there is so much noise that it is our job to find the signal to take care of ourselves and our personal brand. What I'm trying to say is you first have to become a different version of yourself so that your personal brand is even sustainable. Interesting. But if we want to talk about why you need a personal brand.
6:58Okay. Here's my, here's my forecast is in five years from now, I want you to picture social like an automated advertising system that here's the shelf of the world and all of its products, services, and people. You are on that shelf whether you want to be or not. You have a reputation whether you want one or not. And most people are not showing up online in a way that's sustainable for them. It's the necessary evil. It's a way that you have to do it. But if we can help you present yourself well in this black mirror type of future, that's where I think it's going because you're on the shelf whether you want to be or not.
7:39So how can we help you show up in a way that represents who you are on the inside and the gifts that God's given you and how you're putting your product out into the world in the best way possible with the least amount of manual creativity. There's Instagram, Facebook, LinkedIn, TikTok, Threads, YouTube. 1 billion users, 2 billion users, 1 billion users, 2 billion users. Instagram just announced three weeks ago, 3 billion active users. When you think about it, there's 8 billion humans. 2 billion, unfortunately, don't even have electronics. So 6 billion humans that have a phone. Half of the free world is on Instagram.
8:13That's insane. How do you decide what platforms to create on? Do you create on all six? Do you create on one specific one? How do people decide they're out there? What do I do? Not only is half of the free world on Instagram alone, Instagram just put out a stat that their output is 10 ,000 times more content going out a day than it was two years ago. What? 10 ,000 times more. So there's so much more to consume, which is crazy. So no wonder you're having a hard time standing out. No wonder your views are low, which is what we try to help people combat is a way to cut through that noise where you actually become signal, right?
8:49But it's very interesting because people tend to want to pick one platform and just be a YouTube shorts creator. You can, but I wouldn't advise it. I think that's step two. In the beginning, you're making the content already and you don't know where you're gonna hit. You might have an educated guess, but I would put it everywhere because you may not have thought it was gonna hit on LinkedIn, but it did. Now, based on the data, you put most of your focus on LinkedIn. For us, we are Facebook first creators. So we're putting it everywhere, but when Facebook was the one that crushed it and started building the biggest audience, Facebook and Snapchat, we optimized then from the data.
9:27We said, okay, we're going to optimize for Facebook first, still post everywhere, but you can get where you want to go and elevate your personal brand by just being a LinkedIn creator, by just being a TikToker and all your other platforms can be crappy, but you're not going to know that if you never started posting on TikTok in the first place. All right, so the charity side of this, why do you think it's important for influencers or brands to have some type of charity component to their world, to their ecosystem? Because your gifts are not for you. They're not for you to feel cool about yourself and just feed your ego, right?
9:58Our gifts are given to us and our job is to refine them, to literally pay them forward and leave something in the world that makes it a better place. That's why we have unique gifts. And you're such a good example of that and somebody that I aspire to be more like because you are the true epitome of a river and not a reservoir. And that goes with money, that goes with fame, that goes with everything that comes to you. if you operate from scarcity and you just hold on to it, like I'm never going to have this again, this will be all you ever have. But if you understand that it is not yours to begin with and you let it flow through you like a river and you don't become that reservoir, more will be given to you.
10:34And so whatever, whether it's charity, whether it's meeting a need and just being able to see that where, where, whenever it presents itself to you, I think it's not only just It's our duty to try to be a good person, but it's also how we're uniquely wired. All right. Where can people find you? Where can they find Viralish? Where can they find your whole ecosystem and world? Adley. My name is Adley. It's A-D-L-E-Y, and it's pretty much Adley on every single platform, except for YouTube. If you look up Adley, I will never win on YouTube. There's a 10-year-old who's been at it since the day that she was born.
11:06Let's make her an offer she can't refuse. Oh, man. So Adley Kinsman on YouTube or Viralish. What about Blake? He's crushing it now, too. What's going on there? Yes, so we got my husband into this world. Hold on. Tell me about Blake. What's going on? So my husband, he's an engineer by trade, so he was developing hospitals. The least creative person that you can imagine, but he was proof to me and many others that this is a muscle you can build. So because he's an engineer, he would look at our formula for creating content that stands out, and when we're doing billions of views, we have over 62 billion data points.
11:40Way more than that. That's just views. Think of all the data points inside those views. but he would look at it like an engineer like a beautiful mind like exactly right and so he's like oh i see what's happening here i can make videos go viral very easily and i bet i don't even have to say a word i bet i can pick a tiny niche and still reverse engineer this formula and be successful and i was like well this is fascinating so go do it do it yeah let's try it so we set out uh our first benchmark test for him was how quickly can you go from zero to a million followers on TikTok. Four months, 29 videos just using our formula.
12:15So he approaches it totally different than I do. And now we've blended a little bit, but he approaches it like a science because he doesn't like being on camera, but it is case a point to me that anybody can do this when you just follow a proven path. And so Blake and I have come together and that is the mission of Viralicious to make this accessible for everybody. And it should be learning how to master organic social, it is free. We are the greatest wave of free advertising the world has ever seen. And so everybody needs to master it because again, you're on the shelf whether you want to be or not.
12:48So how can we help people present themselves in the best light possible and make it accessible to everybody without just using this formula to make rich people famous? So as you guys know, this podcast is designed to have blunt discussion about money. We grew up thinking it's rude to talk about money. I think that's ridiculous. We got to be able to talk about loans taxes finances should i rent should i lease what happens if my friend borrows 600 bucks what do i do how do i get it back should i sign a contract these are parts of our real life salary is part of your real life taxes and ubers and the things you spend money are part of your daily life so have discussions with your friends family and followers make sure to check out ali viralish.com and we'll see you guys next monday here at themoneymondays.com
13:33Ladies and gentlemen, welcome to a special edition of the Money Mondays podcast, where normally I'm inside of an RV motorhome driving around the country. But I'm here at the Zeta Global Live Conference because there's over 2 ,000 chief marketing officers and CEOs downstairs in this building during this live event. And so I caught one of them. This gentleman has had 54 locations and growing of a brand called Gregory's Coffee. As you guys know, we cover three core topics, how to make money, how to invest money, how to give it away to charity. What we like to do is keep these episodes to under 40 minutes, but because of the conference, this episode will actually only be around 22 to 25 minutes for your listening pleasure because we're at the show, we're at the conference, so we're going to go back to back to back.
14:11And so without further ado, Gregory, give us the quick two-minute bio so we get straight to the money. Sure. Nice to meet you. Nice to be here with you. Greg Zanfotis, founder and CEO of Gregory's Coffee, started in 2006, single store in Manhattan, New York City, focused on delivering amazing coffee in a volume setting. So it was novel at the time. And we were able to take that, expand across the country now and deliver high quality coffee in a volume experience. And no sacrifices. Folks want great coffee, great experience. They want it fast, great products. And yeah, why have to sacrifice things if they don't have to.
14:50So that's what we focus on every day. It's worked for us. So there's thousands and thousands and thousands of coffee retailers that open up one location, maybe two if they're lucky. What made you stand out? What do you think was it about the brand that helped you scale to 54 locations and growing? Well, I think it started and stopped with me. I poured myself into this and I was very passionate about everything we sold, everything we did. And it just felt authentic. There was nothing I was trying to do, sell or create that I wasn't interested or passionate it in myself. So if I felt like I wouldn't want to consume it or I wouldn't want to be a part of it, I wouldn't do it.
15:24So with that authenticity and my ability to sort of really push and, um, and lean into what I was interested in and loved, um, the brand felt authentic. The, the, the team was able to rally around me and what I was trying to do. Um, and our customers connected with it. So when you create that sort of community, uh, not only amongst our team, but our customers. We call them Gregulars, right? So our Gregular community feels special and feels like they're getting something unique that they can't just bounce around and get elsewhere, right? So once I was able to cultivate that and create that culture, it became infectious.
16:03And that was sort of how we came to where we are today. So if you think back to location number one, and you walk into location number 54, how different are those locations? Was there food items originally were the snacks was the size different was it 600 square feet versus 300 versus 800 like talk us through the difference between location number one location 54 so some things have stayed the same right the ethos that we're trying to really deliver amazing experiences to our guests and no sacrifices um how we're delivering that has probably completely changed so the aesthetics it looks completely different right we've modernized the look uh what was once warm and inviting back in 2006 now would feel very dated.
16:42So we had update the aesthetics of the location, the menu, which was originally just core coffee products, um, and very light pastries that we were purchasing from somebody else. Um, now we make, we make all our bakery items from scratch, baked fresh in the store every day. Um, so that menu has expanded and become much more interesting. Um, while we're, while we're still anchored by our coffee program. And obviously I love that. My blood type might as well be espresso at this point in time. I drink so much of this stuff. We do offer amazing ancillary products like matcha. Matcha is huge right now.
17:15We buy an amazing ceremonial grade matcha from Uji, Japan. So we do a great matcha. We build on that program as well, do some interesting mixes of matcha and other ingredients. We launched a line of energy drinks using like really clean ingredients. So zero sugar, 180 milligrams of caffeine, things that you don't really find elsewhere. Cause again, I didn't want to just do energy like others were other folks were doing it i wanted to do it in a way that was authentic and what i would actually consume so yes the menu has has changed um the experience has adjusted where now there's apps there's mobile payment order ahead delivery those things certainly didn't exist 20 years ago in our space um but overall the sentiment of trying to make amazing experiences and you know our tagline was see coffee differently i guess that hasn't changed in 20 years.
18:01So is it franchises, is it corporate owned? And how do you decide between, you know, when wanting to scale which one and which path you decide to go down? So I was very protective of the brand for a long time. So all those stores right now are corporate owned. All 54? All 54 corporate owned. So yeah, the hair has gotten a bit gray over the years. I've been able to hold on to it, but it's still gray. But that being said, I was very protective of the brand because I felt like we needed to deliver an elevated premium experience. I always struggled with the notion that maybe others wouldn't be able to deliver that same level of quality and care in order to deliver that sort of experience to our guests.
18:37That being said, as we continue to grow, you can just see how hard it is to continue doing that on the corporate side. And this last year, we've penetrated about 14 new markets around the country. And the best and most productive way to expand in those markets will be franchising. So the company is moving to pivot to start franchising probably in 2026. So what's the difference between like a$2 coffee, a$3 coffee, a$5 coffee, a$6 coffee, a$7 coffee? Um, there's, that's a loaded question, right? So obviously the cost of coffee has skyrocketed lately. So it's harder and harder to get to a$2 coffee, but, um, the quality of ingredients you use, the care involved with the preparation, the training, um, the, um, the experience you're creating, the team, there's robots that are serving you coffee now, right?
19:28You could press a button and get a$2 coffee. I can't speak to the quality of what it might be like. Obviously it's getting better over the time, but still, if you're having a highly trained barista using amazing beans and high quality equipment, really taking care to make sure they're delivering a high quality product every time, that's where the price starts to go up because you're validating it because you're delivering like a luxury experience, right? It's affordable luxury is how we like to think of it. You go to a bar, no name pub, you order a glass of red wine at the bar, you have no problem paying$15 for a glass of wine that, you know, you don't know about the vintage or anything special, but just because that's what you expect to pay.
20:05Coffee started at a much lower point, but, you know, we're delivering an amazing specialty coffee beverage, a specialty beverage made on demand to your spec in a busy environment. So the ability to start charging a bit more, what I believe is commensurate with what the value we're delivering has been interesting to see over the years and hopefully we'll continue to over-deliver on value even no matter what we're charging. So someone's listening to this podcast and they're like, man, I want to open a Gregory's Coffee. What do I need to think about? How much ballpark money do I need? How do I pick a location?
20:38Like, how do I start a business like a coffee shop? So whether it's a Gregory's or other coffee shop, It all starts with, again, having a point of view and understanding like what you want to do and what you're interested in, just kind of like me. If you're just here saying like this looks like it's a it's a good business and I think I could sell a lot. I have to sell 500 cups of coffee and I'm going to break even. It's going to be hard because this is a business about passion, about community and creating third spaces for people. Oftentimes, obviously, there's drive through and convenience elements that I think are super important.
21:08But at the end of the day, if you don't have that anchor, the reason why people should care, because there is so much competition out there. that's going to be challenging. Um, but it starts with having that care, that passion, that, that point of view of how you want to differentiate and how you want to pour yourself into that brand. Um, and I can't deny real estate obviously is probably the second most, if not the most co important item selecting the right locations. Um, you know, if a broker tells you, well, it's close to a great area, it's right around the block and it's, you know,$30 less per square foot.
21:38You know, you don't want that. You need to be, cause this is a volume business at the end of day so the more eyes that you have on your space the better traffic yeah you don't you can't substitute that and you can't always expect people to to find you you you want to find the optimum location make sure you know you're you're you're being economical with the the rent that you're paying based on that and then you know doing all all the sorts of resources that you have at your disposal these days there's um so many tools from a data algorithmic set that you can pay people to tell you the quality of a space less than just the traditional demographics, which are helpful.
22:14But if you really want to learn more and more about the types of customers that are coming in, not just the raw number, but the, where they're coming from, where they're going to, this is all information you could find these days, which helps inform your decisions. So don't be afraid to use the data and information at your disposal when you're making those choices, because you got to measure not once or twice, measure three or four times before cutting, because once you start making that investment for a coffee shop like ours, might be a$500 ,000 investment between equipment and just the general build-out, depending on what kind of deal you might cut with a landlord.
22:50But if you want to spend 500 grand and you want to pay yourself back in 18 to 24 months, you don't want to make a mistake on the real estate. So talking about investing side of things, why is it in a company for a corporation important to invest into their team? Like why go hire that 180 grand executive or that quarter million dollar executive or 120 grand executive, obviously, depending on the area and territory type of company. Why is it important to go get that six figure person to help a company? Sometimes it might be nerve wracking to go spend that kind of money. So it's always the hardest, right, to measure ROI on human capital or human talent because it's not always so linear to say like, hey, I hired this person and six months later our profitability jumped.
23:30But it has to be, you know, a more thoughtful exercise as to what how do you calculate ROI? What what are you saving in other departments? What are you what are you able to do that you couldn't do before? Because how do you stay competitive? How do you stay cutting edge? There's nothing more important than your people. And I've always said I would only expand or continue to grow the company dependent on the amount of the quality of people I had around me. The more people and the stronger talent on my team and my bench gave me more confidence to grow. And if you don't have that, it can be very daunting, right?
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24:05Then there's only so much I can take on myself, on my shoulders. The bandwidth level starts to get extreme. So great surrounding yourself with great people that are talented at what they do will empower you to obviously build a great business, do things you probably couldn't imagine before, and free your mind to do more strategic thinking and drive the business in the way that you should be. But I can't underestimate, you know, how important finding human capital is. Again, you don't want to be just paying anything. But when you find that right person you believe is the right fit for a right role, I wouldn't shy away from saying like, well, maybe that's a little bit more expensive than I thought.
24:44If it's the right person, they'll pay you back in spades. So when you have 54 locations, that means that there's millions and millions of cups. millions and millions of napkins, millions and millions of spoons and sugar and little things, little details, but anything times millions is a lot, even one penny. How do you find and source, all right, I'm going to save one cent on that cup or I'm going to save two cents on that fork? Yeah. I mean, today there's systems and tools we have that allow us to sort of monitor how much we're using, how much we're spending, keeping close ties with our key partners that we've worked with for a long time to make sure that we are competitive in the market with what it comes to what we're paying.
25:25There's certainly been pressures over the years, whether it was inflationary pressures on certain ingredients. You know, eggs was obviously people were talking quite a bit about for a long time where, you know, we use eggs for our breakfast sandwiches. And all of a sudden that egg price went through the roof. And, you know, there's only so much that a vendor can do because they're buying by the market as well. Today, it's the tariffs on coffee, right? Brazil has a 50 % tariff. Over 50 % of the coffee we purchase is Brazilian coffee. So what we're doing now is trying to understand that economic impact, how we need to adjust for it, and then as we think about purchasing coffee moving forward, are we going to continue investing in Brazil, or do we have to think elsewhere just because it's, you know, to pay 50 % more for one of our number one most used ingredient is challenging.
26:11So really having a 360 view on what you're purchasing, what those top 20, 25 items are. And like you said, one penny drives huge differences. Sometimes it's more than a penny, right? 50 % tariff for us could be a million dollars a year, extra costs that you weren't expecting just because the stroke of a pen from somebody said, now it's more expensive. All right. On the charity side of this podcast, why do you think it's important for businesses or their brand to have some type of philanthropic component to their ecosystem? I think it can't just be you're checking a box, right? Like, oh, I should be philanthropic just because I want to be or that's what the script says I should do as a business owner.
26:56Again, for me, everything comes back to authenticity, to respect. It has to mean something to you. and if it can tie into the brand, that obviously makes a lot of sense as well, but it should be authentic. It's something you actually want to do. For a long time, for every bag of coffee we were selling, we were donating a pair of glasses to those in need. For those that know Gregory's, our logo is maybe a silhouette, my silhouette, but it includes a thick, chunky pair of glasses. So we tied that in where, when you're purchasing a bag of coffee, donate a pair of reading glasses to someone in need in a third or developing country.
27:31We've done that for many years on the ground level, supporting local communities any way we can, giving back, you know, team efforts, feeding our soup kitchens in our local communities, supporting schools and other boosters locally that need help, need support from local businesses to kind of help provide support for the student body or just the local communities that are looking for help. and again because we're doing it because we want to be a part of our community it's not just hey this is a business opportunity if I do this maybe more people will come in it's just doing the right thing and when you have the ability to do good or to help others it tends to come back around and it's not again it's not a math equation here as opposed to like a human element that I just find it's so so critical and so rewarding to just do well and do good for others and once you've established that that's the kind of person in business that you are, it tends to come back around.
28:28People want to surround themselves with other good people that are doing well and are helping their communities. The last question is actually something that's been on my mind. You were kind of on this trajectory right when the shutdown happened, March 2020. All of a sudden, the whole world shut down, especially retailers and restaurants more than anyone. How did you get through that tough period of time? Yeah, I mean, our core business for at that point it was 13 14 years in operations was serving the daytime office population of new york city and dc right that was my customer what's an office during that time so it was literally evaporated um i remember um at being at costco with my wife you know at the time stocking up on toilet paper whatever else when those those supplies were all going in short short uh supply um and i had an email ready to go that was the the email that was going to be laying off you know, my team at the time.
29:21It was like, however, I think we had like 600 team members and we were able to, we were going to keep a small few on, but it was like 90 % of my team. It felt like everything I had built over 14 years was just getting lit on fire. So probably the, you know, one of the tougher moments I've ever experienced in my life, but sort of woke up the next day and just said, well, what are we going to do next? I had a very interesting conversation just the other day. I met somebody who was one of our Gregulars pre COVID. And he reminded me of something that I did during those early days of COVID. So gets back to community care, doing the right thing.
30:01I didn't have much to do because the business was shut down and there's nothing else going on. So I said, you know what? I had a few of our team that we were still roasting coffee because we were shipping online. I went in and I told the team like, hey, I want to do something good for our regular community. And those that have been purchasing coffee or those that are loyal customers. We're going to send them some free coffee to their house and just thank them for all their support over these years. And, you know, obviously people are home. So now they can brew the coffee at home if they have a setup and we'll help them kickstart that way and just do something nice for our regular community.
30:35So one of them is this guy, Nick. Again, I didn't know him at the time. I just met him for the first time the other day, but he brought it up. He's like, you know, I always remember when I was sitting at home in those first months of COVID and I got a big shipment from Gregory's with a handwritten note from you. And actually my hand was destroyed. I didn't realize it sounded a good idea at the time, but handwriting hundreds of, of, of, of thank you notes to people. Um, he's like, I always stood out to me as like that you would do that. Um, and I, you know, I was like, man, I forgot that I even did that at this point, but it's just funny.
31:05Cause then he had told me how many people he told about that and how many times he comes to Gregory's always seeks it out, not just because of that moment, but it kind of, you know, highlighted just the kind of brands that he wants to be associated with. So, you know, that authenticity kind of rings true in so many things. And, you know, when it's, it's just kind of who I am and the kind of business I want to be associated with, how I run things. So, um, yeah, that's, it was, that was like the first real moment. I'm like, you know what, we're going to make this work no matter what, um, pulled ourselves through, rallied the team, pivoted the business.
31:36You know, we closed a few stores that just, you know, We had to deal with landlords. There was problems. We went into COVID with 31 stores, and we were an office community servicing, basically, and now we're at 54 across the country. So we grew. We've taken our body blows, but we learned and we grew, and we strong our company for it. So where can people find you? Where can they find the company? Tell us all the things they can find you guys on social or websites. Sure. So Gregory's Coffee, strong concentration here in New York City, but you'll find us around the country at this point in time. So depending where you are, you can look us up on Gregory'sCoffee.com.
32:14Our social is at Gregory's Coffee, no apostrophe, just Gregory's, no apostrophe S. And me personally, my handle is just at Gregory Zamfotis on Instagram. You could find me there. And I try and be as active as I possibly can, but I should learn from you and be maybe a little bit more active on my personal channel. but yeah out there fighting the good fight serving great coffee and trying to build connections and human human connections as much as i can i love it all right guys as you know we cover these three core topics because it's for people in your past present and future these podcasts are not just for you you might have someone in your life that you go to dinner with or lunch with or go play pickleball with later and they think about opening up a retail location or a restaurant and you can refer them to this podcast with gregory you might be able to blow their mind and change their life I call that the butterfly effect.
33:01I didn't invent the butterfly effect. It's the concept to me that you could hand off this podcast to someone, and all of a sudden they learn or hear or they research and go down the rabbit hole, learning about what Gregory did to build his chain that might help them with their future chain. I appreciate you guys. Check us out next Monday here at themoneymondays.com.
From the publisher
In this episode of Money Mondays, Adley Kinsman and Gregory Zamfotis shares what it takes to build a lasting brand, both online and offline. They explore creativity, consistency, the mindset behind scaling a business, and how authenticity drives customer loyalty. From digital virality to brick-and-mortar growth, this episode highlights the shared principles of discipline, vision, and purpose.---Adley Kinsman is the co-founder of Viralish, a viral video and creator education company responsible for over 62 billion views worldwide. She’s a content strategist and educator known for helping brands and entrepreneurs harness the power of storytelling, authenticity, and data to grow faster online.---Gregory Zamfotis is the founder and CEO of Gregorys Coffee, a fast-growing coffee chain known for its culture of excellence, health-focused menu, and people-first approach. With a background in law and a passion for innovation, Gregory has turned his family-run business into a beloved East Coast brand with a mission to make every day smarter, faster, and better.---Like this episode? Watch more like it 👇Building Billion-Dollar Brands in the AI Era | Zeta Global & Cameo Founders 🌍 : https://youtu.be/q71wz3ZW36sHow One Man Went From Prison to Building a Fitness Empire (REDCON1) | Aaron Singerman: https://youtu.be/9p4dpUEEFDIFrom Mowing Lawns to Madison Square: The Grind to Pro | Andre Berto 🥊 : https://youtu.be/INn4jL1iRR4How to Build a Business (Even If You’re NOT Ready) 🏭 : https://youtu.be/NnCBHEEQL2IWatch ALL Full Episodes Here: https://www.youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k---The Money Mondays is a business podcast here to teach you how to make money, invest money, and donate money by showcasing some of the world's most successful people and how they do the same. Hosted by serial entrepreneur Dan Fleyshman, the youngest founder of a publicly traded company in history, this money podcast gives you an exclusive behind the scenes look at how the wealthiest celebrities, entrepreneurs, athletes and influencers make, invest and donate money.If you want to learn more business and investing while you work to improve your financial life, you're in the right place! Subscribe: https://www.youtube.com/@themoneymondays?sub_confirmation=1Dan Fleyshman,The Money MondaysLearn more here: https://themoneymondays.comWatch all the podcast episodes: https://youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6kLet’s Connect...Website: https://themoneymondays.comPodcast: https://podcasts.apple.com/us/podcast/the-money-mondays/id1663564091Twitter: https://twitter.com/themoneymondaysLinkedIn: https://www.linkedin.com/company/the-money-mondays/about/TikTok: https://tiktok.com/@themoneymondaysFB: https://www.facebook.com/The-Money-Mondays-110233585203220/
