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.
You ever see those people who've been in the game for a decade plus saying stuff like... You've just gotta do this simple thing... It's easy when you do this... Do this to make money... ... and you think, well yeah, that's easy for you cause you've got... ... an established audience...... major reputation...... loadsa cash... A lot of the time, when someone starts to see success, they start to forget what it was like to grow something from scratch. How to get something from 0-1 with limited...
Ever feel like your offers should be selling way better than they are? You’ve got the audience. You’ve got the expertise. You even get people engaging, showing interest... Yet, when it’s time to buy? Crickets. You tweak your pitch.You try different angles.You wonder if maybe your price is too high. Nothing moves the needle. The worst part? You know people like what you’re doing. You see the DMs, the comments, the replies. So why the hell aren’t they pulling out their wallets? It’s not because...
Remember a couple of years ago where Neil Patel was everywhere? Log into Facebook... there's Neil. Check your LinkedIn... hi Neil. Scroll on Insta... Neil. Hell, if you Googled anything related to marketing, the fella was guaranteed to be one of the top 3. You couldn't get away from him. Neil was, and still is, the master of omnipresent marketing. Everywhere you went, he was there. And I've been looking at what I can do to replicate some of this. Why? Cause trust is often built through...