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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.
All week I've been chatting about how low ticket is the best thing for... Identifying buyers with low-risk entry points Getting people to engage so you can build trust A great way to create more cashflow and revenue for your biz And that you need a proper product stack to hit both the various cohorts and budget levels within your audience. When you get this right, you have something that will allow you to run ads to multiple products that self-liquidate growing your audience, impact, and...
Building on from yesterday's email I'm gonna break down the multi-entry point approach with low ticket. This is a method to get more of your audience out there towards your high-ticket offers. Again, once you read this, you'll start noticing how this is the playbook for all the big names out there across multiple niches and business models. Understanding your audience We'll kick off with the foundation of this. You audience. Within your market, there are tiers. Think of them like concentric...
Yo! Yesterday I talked about those awful reset months where things don't go well, and you end up taking 2 steps back. They suck. When those months happen, most folks... Massively ramp up their outreach Get super aggressive on the sales side of things Try to fill up their calendar with anyone - qualified or not All in a vain attempt to get some high-ticket clients back in. Here's why this is a vain attempt and not "smart business". We all know high-ticket is where the profit is made, but the...