|
Everyone loves a rags-to-riches story. So much so, they're commonplace in people's marketing.
We love these because they make the idea of growth seem possible. Often, they make it seem EASY. That all you need to succeed is a little grit and everything will fall into place. The truth is a little different. Sadly, the business that wins is usually the one that can afford to invest more into attracting customers. Here's what I mean. Picture two companies. Company 1's customers have an average order value of $100. Company 2's customers have an AoV of $200. Company 2 can afford to invest twice as much into acquiring a customer than company 1. Which means they'll be...
Company 2 will win because they can afford to invest more. This is obviously a simplistic explanation, but you get the point. You also have to consider things like the payback period and LTV of those customers. But the point stands. Generally speaking, the companies that can afford to spend the most on marketing win. One of the key points I'll be covering in tomorrow's Webinar is the system we use to...
I'll also be explaining why this is NOT the place to start your marketing efforts though. And I'll be highlighting where you should first turn your attention to make sure that the LTV of these customers is higher. More on that another time though. Pete "big spenders win" Boyle |
I've spent ~10 years helping digital brands grow. I share what I know and what I'm experimenting with in this newsletter.
Yo! I emailed yesterday about the potential for a review/audit service where I'd personally... Analyse your growth strategy Record a personal video with actionable advice on what to fix Create a simple action plan of fixes for you to follow At the end, you get a strategic analysis and action plan on what to fix to improve your growth. A couple of people said they'd be interested, so I've thrown together a simple page for you to check out with more details. If you're interested in me taking a...
Yo! Happy Monday. I’m considering offering something new and wanted to sanity-check it first. It would be a short, personalised Loom where I review your overall growth strategy and point out what I’d fix or focus on next. Not a course or templates. This would be a full audit of your business, looking at everything from product and positioning to the strategy you are using to scale it - delivered as a ~30 minute Loom video to you. ... and I'll probably run it through AI after the fact to pull...
Yesterday I mentioned "The Thread." That invisible line connecting your first ad or cold outreach to the moment a client signs a contract for the big thing. And when you're getting fewer sales for the "big thing", most founders think the solution is to simply add "more." More leads. More SDRs. More ad spend. But if your "Thread" is broken, "More" is just an expensive way to realise your system is leaking. I mean, if you've got a bucket with no bottom, throwing more water in the top isn't...