SUMMARY:
In this deep-dive episode of Homegrown Hustle, host Matt Eichmann sits down with Dr. Mike Porter, Clinical Professor of Marketing at the University of St. Thomas, to unpack the real mechanics of reputation management—beyond buzzwords and surface-level branding.
Drawing from decades of experience in public relations, marketing strategy, and MBA education, Dr. Porter explains why reputation is not what you say—it’s what stakeholders believe, and how businesses of all sizes must strategically manage perceptions across customers, employees, media, competitors, and even regulators.
This episode explores the PESO Model (Paid, Earned, Shared, Owned media), the difference between brand and reputation, how word-of-mouth actually works, why targeting everyone is a losing strategy, and how reputation directly translates into financial goodwill and long-term business value. Essential listening for founders, executives, marketers, and anyone building something that needs trust to scale.
KEY TAKEAWAYS:
Reputation is the management of stakeholder perceptions, not marketing slogans
Brand is what you want people to believe; reputation is what they actually believe
Every employee influences reputation—not just customer-facing roles
The PESO Model explains how paid, earned, shared, and owned media must work together
Word-of-mouth must be earned, engineered, and supported by strategy
Targeting everyone weakens reputation—focus on high-value stakeholders
Earned media and third-party credibility outperform self-promotion
Reputation directly impacts business valuation and goodwill
Buying a business means inheriting its reputation—good or bad
Personal reputation compounds over time, especially in tight business ecosystems
CHAPTERS:
00:00 – Welcome to Homegrown Hustle
00:41 – Meet Dr. Mike Porter & His Background
01:22 – What Is Reputation Management?
02:41 – Defining Stakeholders (It’s More Than Customers)
04:12 – The PESO Model Explained (Paid, Earned, Shared, Owned)
06:17 – Employees, Culture, and Internal Reputation
07:02 – Why Word-of-Mouth Is Not a Strategy by Itself
08:16 – Strategy vs. Tactics in Marketing Communication
10:15 – Reputation for New Businesses: You Never Start at Zero
12:24 – Why You Shouldn’t Try to Influence Everyone
13:19 – Traditional PR vs. Influencers and Social Media
15:00 – Credibility, Earned Media, and Third-Party Trust
17:01 – Driving Traffic to Owned Media for Conversion
18:21 – Creating an Environment That Enables Sales
19:52 – Scaling Marketing as Businesses Grow
21:34 – Reputation, Relationships, and Market Dynamics
23:39 – Personal Reputation in Business Communities
25:04 – Buying a Business and Inheriting Reputation
26:15 – Goodwill, Valuation, and Reputation as an Asset
27:19 – Learning From Lost Customers
28:26 – Prioritizing the Stakeholders That Matter Most
29:43 – Brand vs. Reputation (Mic Drop Moment)
30:03 – Closing Thoughts & What’s Next
GUEST RESOURCES:
Linkedin: https://www.linkedin.com/in/dr-mike-porter-apr-fellow-prsa-he-him-2a033/
Website: https://researchonline.stthomas.edu/esploro/profile/mike_porter/overview