The Future of Digital Marketing Will Surprise You

The Future of Digital Marketing Will Surprise You

Don’t try to go viral, post COVID what you’re going to see is a lot of people continuing with online commerce, which is going to increase the demand for digital marketing, but it’s also going to increase our competitive digital marketing as well. Focus on what you’re naturally better at because that’s what you’ll enjoy and just double down on and be the best person at that one thing.

RESOURCES & LINKS:
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FREE Resources to Learn Marketing in 2021 | Digital Marketing Courses and Certification: https://youtu.be/SgDDfVCAkfk

How Digital Marketing Will Change in 2021: https://youtu.be/KzRka1lpdb4

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Today I wanted to talk to you guys about the future of digital marketing. Where’s my size. All right, as you guys can see and the future is not what you think, but don’t worry not everything has to be grim there is some good news as well.

How many of you guys or what percent of the voice searches will be in 2020? What do you think, what percentage? Go for it, yeah you, you really do listen to marketing school a lot, 50% it is. Things are changing, how are you going to monetize when someone’s doing a search over a Lexa device or Google Home, how are you going to monetize that? Have you guys ever thought about that, 50%? I want that revenue for that 50%, don’t you guys.

So there’s a lot of things that are changing. What happened to Google’s revenue during the recession? They went up, what do you think is going to happen to their revenue during this recession? It’s probably going to go up.

They’ll figure out ways to make it go up if the cost per clicks go down you may see more pay listings on page one, right? Generally speaking performance advertising continues to go up, if you spend a dollar on paid ads you expect to make more money than what you spent, would you guys agree with that statement?

So during a recession, if you still spend a dollar on Google and you make $2 do you think you’re going to slow down because it’s a recession? No, it doesn’t matter if it’s a recession, a bull market, a bear market. If you can spend a dollar and make $2 as long as it’s profitable, including all your other costs you’re going to keep spending as much money as you can. And that’s what you’ll see, people will start moving their traditional ad dollars more over to performance-based marketing during recessions.

Marketing is going omnichannel, no shocker, which place gets the majority of the revenue? Google. Who has the largest market cap? Google.

Next one, Facebook ads make sense. Facebook has a huge market cap. Then you get into SEO and content marketing and social media marketing and then other. SEO may get a lot of the clicks but paid advertising, spend a dollar make $2. You don’t have to wait a long time people keep spending. Conversion rate by channel, Google ad words, Facebook ads, SEO content marketing, social media, other.

Average number of social shares per post, it’s been continually declining. What do you think is going to happen in the future? You think it’s going to go back up? Nope, if you want to go back up what are you going to have to give Facebook? Money, that’s the reality of it.

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– Don’t try to go viral, post COVID what you’re going to see is a lot of people continuing
with online commerce, which is going to increase the demand for digital marketing, but
it’s also going to increase our competitive digital marketing as well. Focus on what you’re naturally better at because that’s what you’ll
enjoy and just double down on.

and be the best person at that one thing. (upbeat music) – Before we get started
make sure you subscribe to this channel and if you’re on YouTube click the alert notification. Today I wanted to talk to you guys about the future of digital marketing. Where’s my size. All right, as you guys can see and the future is not what you think,.

but don’t worry not
everything has to be grim there is some good news as well. And I’m going to share with you
guys a lot of stats and data. So we deal with companies of
all different types of sizes from large corporations,
like the Fortune 100 all the way to small mom and pops. And when you’re dealing
with companies of all sizes.

and you’ve been doing this
for roughly 16, 17 years you start noticing trends and patterns and what Eric and I
wanted to leave you with is changes that you can implement so that way you’re going
to be better prepared for the next algorithm updates,
the next platform updates. So that way you can keep thriving.

and surviving and doing extremely well. So my Twitter handle ignore the hashtag, I’m the co-founder of ad agency called Neil Patel Digital, as I mentioned, I work with all different
types of companies from the Facebooks of the
world to the Microsoft’s, yadda yadda yadda, tons
of quotes, testimonials..

Now the point of all that isn’t to say, I’m great or I’m amazing. I don’t think I’m the
best marketer out there. I still think I have a lot
to learn and improve upon but it’s more so to show
that, hey when I’m giving data and facts, it’s based on what I’m seeing, it’s not just me making stuff up. And I truly see both sides of the table..

Not only am I an entrepreneur
and a marketer myself I also work with companies like Google or this one’s actually Facebook, companies like Facebook will hit me up and pay me money to speak
at their own conferences to their own customers. As well as companies like
Google will hit me up to help market Google as well..

In essence, I really do see
every single side of marketing. I see it from the entrepreneur side, the business owner
side, the marketer side, the platform side, from the Googles, the Facebooks of the world. Now, before we get started and
go into the future marketing I wanted to play a little
bit of a game with you guys..

So number one, how many blogs do you
think are there on the web? Let’s see how many of you guys
listen to marketing school? All right, take a guess. – [Man] Billion. – That’s right. So you may have a different number. You may have a different
number, you’re like, no, no, there’s a billion 100 WordPress blogs..

Do you know the real number? Okay, so from what we know
and all the stats online there’s at least a billion blogs. How many people are in the world? Take a guess. Yeah, roughly 7 billion. Do you think we need that many blogs? That’s roughly one blog for every seven people just honestly, no, we don’t need another marketing blog.

so don’t try to copy me or Eric. But in general, there’s just
too much content at this point. How many enterprise companies do you think are leveraging digital marketing? You know like these old school companies, some of them are like big
corporations, like Fortive. How many of you guys
have heard of Fortive?.

Did you know they are
worth like $30 billion and they sell like gas pumps and industrial equipment that
you guys use on a daily basis but you never know about. Okay, how many old school
companies like that do you think are leveraging digital marketing? Take a guess. Who said all of them, that’s right..

All of them are pretty much
leveraging digital marketing. Those guys have a shit ton of money, literally piles and piles of it. They make more in
interest on any given day than we make in a whole
year working, right? So they can now spend us
and when they make mistakes it doesn’t really hurt them. Another question,
startups, they raise money..

What do you think most of the
money that they’re raising is used for these days? Ads what else? What else? What else? What do you do? You do sales. (all laughing) Don’t try to lie to
people, you’re a salesman. I know you’re on payroll that
guy trying to talk to you he’s a salesman. Okay, so startups these days,.

when I was starting my first
company back in the day, we would raise venture capital. The money was raised for creating a product,
engineering, servers all that kind of stuff. Now, most companies raise
the majority of their money for sales and marketing. In other words growth, they’re trying to figure
out how to get more revenue..

And that usually involves
sales and marketing. You can talk about growth hacking and loop in some product
changes, but in essence that’s where they’re spending their money. How many of you guys or what percent of the voice searches will be in 2020? What do you think, what percentage? Go for it, yeah you, you really do listen.

to marketing school a lot, 50% it is. Things are changing, how
are you going to monetize when someone’s doing a
search over a Lexa device or Google Home, how are
you going to monetize that? Have you guys ever
thought about that, 50%? I want that revenue for
that 50%, don’t you guys. So there’s a lot of
things that are changing..

I’m going to even go over even more. You’re going to see me turning
my head a lot back a bit because there’s a ton of stats and data. I hope you guys don’t get overwhelmed. And then we’ll go into some
of the things you guys can do to ensure that you continually succeed. So here’s Google’s revenue,
2008 was a recession..

We’re worried about a potential recession coming in the future. What happened to Google’s
revenue during the recession? They went up, what do you
think is going to happen to their revenue during this recession? It’s probably going to go up. They’ll figure out ways to make it go up if the cost per clicks go down.

you may see more pay
listings on page one, right? Generally speaking performance advertising continues to go up, if you
spend a dollar on paid ads you expect to make more
money than what you spent, would you guys agree with that statement? So during a recession, if you
still spend a dollar on Google.

and you make $2 do you think
you’re going to slow down because it’s a recession? No, it doesn’t matter if it’s a recession, a bull market, a bear market. If you can spend a dollar and make $2 as long as it’s profitable,
including all your other costs you’re going to keep spending
as much money as you can..

And that’s what you’ll see,
people will start moving their traditional ad dollars more over to performance-based
marketing during recessions. So let’s go over what I’ve been learning and the future of marketing
and where it’s going. Fact number one, and we talk a little bit
this during our podcast, marketing is going omnichannel.

but I have the data to
show you why, right? So I’m going to actually go over here because it’s easier to
see the television screen than the projector, here’s
marketing spend by channel. No shocker, which place gets
the majority of the revenue? Google. Who has the largest market cap? Google. Next one, Facebook ads make sense..

Facebook has a huge market cap. Then you get into SEO
and content marketing and social media marketing and then other. SEO may get a lot of the clicks but paid advertising,
spend a dollar make $2. You don’t have to wait a long
time people keep spending. Conversion rate by
channel, Google ad words, Facebook ads, SEO content
marketing, social media, other..

Why does Google ad-words
convert better than SEO? If you had to take a
guess, people are like, oh this is paid ads, we
wouldn’t trust that as much. Why do you think paid ads converts better? The what? Bottom of funnel, okay and tent – [Man] Landing page – Landing page that’s right. If you, Said has WPBeginner.

you got a ton of visitors,
millions a month, on those pages I get
millions of visitors a month. Can you just put a squeeze page and make them sign up for
hosting and my plugins? You could, but your
rankings would go down. If you remove the content you just put that it would go down, with pay-per-click If you give them money.

you can put whatever you want as long as you keep paying them, right? SEO, you got to have content, Sure you can get a lot of
traffic but that content, if you look at auto-insurance you click on the first pay listing, it’s usually typing your
zip code and that’s it, it doesn’t even have a hundred
words of text on the page,.

including the title tag. You look at the text-based
version that ranks on page one. There’s like a thousand
words about auto insurance. Facebook ads, Intent isn’t there. You can still convert them
cost per clicks are a lot less and you can still
convince them to convert. You just got to get more clicks..

SEO as we already mentioned, social media you guys already know that one, other, we’ll go into other a bit later. Average number of social shares per post, it’s been continually declining. What do you think is going
to happen in the future? You think it’s going to go back up? Nope, if you want to go back up.

what are you going to
have to give Facebook? Money, that’s the reality of it. And I’m not here to save Facebook stocks. It’s a great platform and
channel for marketers. You can also start getting
creative and leverage like Messenger chat and all
this stuff helps as well that Larry talked about earlier,.

but in general social
shares are declining, that’s just the stats. Now here’s where people
are publishing content. It used to just be where it
would be on their own blog. But now everyone’s
leveraging Medium, Tumblr Facebook, YouTube, LinkedIn, Twitter. Google doesn’t penalize
for duplicate content..

You release content once,
publish it everywhere. You release one video,
take that same video, re-upload it to Facebook, re-upload it to LinkedIn, Re-upload it to Pinterest, Actually, I don’t think
Pinterest takes videos but everywhere else, that
takes videos, upload it. Get that traffic, what
do you have to lose?.

What percent of organic search
traffic goes to your blog? You see a trend here? Not only are people continuing to blog but those pages give information. They don’t necessarily
sell products or service. And this isn’t Google spar for doing this. There’s nothing wrong
with what they’re doing. This is the trend, their
trends, the way they adapt.

Google’s based off of usage
of you and I searching. So if we all search for
something and we want to read the informational
articles, what do you think they’re going to show more of? Informational based articles, and that’s what they’re doing, right? What portion of your customers first found you through your blog?.

It’s increasing, why? Because blogs are ranking better that’s what people want to see. So if you’re not blogging,
whether you like it or not you’re not going to end up generating all those extra conversions. In Google analytics there’s this report called assistant conversions
are you guys familiar with this report, raise
your hand if you are,.

assisted conversions
will tell you things like are people reading your blog and then eventually converting. This is really important because this will help you put an ROI to some of these other channels. What has led to your
biggest traffic gains? Shockingly translations,
most people don’t know this..

Number two, updating content, that works better than
creating more content. Again, billion plus blogs,
we don’t need more content. We need to steal content that’s
outdated to be re-updated. Remember Said talked about,
hey when I create three pieces of content a week on one of these sites I’m not really releasing
three pieces of content..

One of them is a updated article, why? Because if you don’t keep updating you’re not going to keep
maintaining your rankings. It’s no longer you create a blog and you just get the traffic. It’s not you create a blog, you promote it you get the traffic. If you don’t constantly
update remark it that content,.

you’re going to lose that traction and someone else is
going to take your spot. So if you look at this, translations has the biggest opportunity because the United States is competitive, Brazil, all these other
countries like India, they’re up and coming,
there is money there. And if you translate your
content into their local dialects.

you can do extremely well because there’s not that much competition. Google needs content within those regions. You’ll dominate fast, you’ll maintain for at least
a bit longer in the short run and you can generate revenue as well. When people talk to me, they’re like, “Neil in India why would
we go after that market?.

There’s barely any money.” Do you think Walmart
would pay like 15 or 17 or whatever billion dollars for Flipkart if there wasn’t money in India. Do you think Airbnb would
be doing investments there? Do you think Microsoft and Amazon and Adobe and all these companies would be investing billions of dollars?.

No, you got get on these regions fast. That is a big future if
you translate your content, you can find a lot of
these people from upward. You can do really well. So what channel provides the
biggest ROI for companies? Can you guys take a guess on this? Out of all the survey
data there’s one channel.

that provide the biggest ROI
and those lumped into other, if you guys had a guess
what this was channel, what would you think it is? Instagram, email, what else? Conversion rate optimization
is the least sexiest channel out there from every company
we interviewed and surveyed. And we surveyed hundreds
of these companies..

And some of these guys
are doing like millions and millions and millions
of dollars a month in profit if not billions some of
them, conversion optimization out of all the marketing
channels provided the biggest ROI but the smallest investment by far, if you can boost your
conversion rates by double what does that mean to
your paid advertising.

or your SEO or your content
marketing, you can spend more. These channels will become more expensive, whether you like it or not
paid ads will keep going up. Whether you like it or not,
you’re going to keep doing it because it makes you more money. If you don’t optimize for conversions you’re going to get slaughtered
by all the competitors..

And there’s a huge trend in
digital marketing right now where a ton of companies are
finally starting to spend time in A/B testing, personalization
and all this other stuff that very few people talk about. And I know this because
if I release a blog post on AB testing or personalization,
no one wants to read it..

If I release another article
on how to get more traffic everyone’s like, yeah, show me this. It just shows what you guys want to read and the trend is going two
different opposite directions. So really start getting into
conversion optimization. What’s also cool about going omni-channel is that it’s also not hard.

to see what the
competition’s doing, right? Because all these channels
are getting saturated fast. And that is a big trend,
you have no choice but to leverage all of
them, used to be able to create a business off of one channel. Facebook grew just from
the referral program, Dropbox grew from social media.

tweet this to get more space. You no longer can grow a
business through one channel. It’s becoming more and more competitive. The people who are early on sure, Said has access to a
huge WordPress community. He already is integrated, has
access to all these users. Do you think someone can
just come in right now.

and compete with him? Said, if you were coming
into this right now, do you think you can do well compared to you being
in this for 10 years? Why not? (indistinct) It’s much harder and
you got an early enough which gave you that head start hence he was able to leverage
one channel and explode. Now even Said, even though
he’s done really well.

he’s still expanding into
other channels and platforms because that’s how you continually grow. But you can use tools like the Semrush, I won’t get complaints I’m not
just promoting my own tools. I’m not getting paid by any of them. You can use Semrush and
tools like that to see what people are going after
from an SEO perspective.

or paid advertising perspective, you can use WhatRunsWhere to see what kind of media
ads people are doing. You can use, BuiltWith
to see what technologies people are using, so that way you know someone’s
doing AB testing and stuff. You can use, like Ahrefs to
see links to your competition see if you can get them to link to you..

You can use Wayback Machine to see if, hey someone’s doing AB testing, very few people do this I don’t know why. Use Wayback Machine, go back see all the
variations of their pages. You can see their
transitions, typically the one that they’re with now
is the one that boosts the conversion rates the most..

That will give you idea where to start. Link Explore by Moz, another tool that gives you
a lot of marketing insights. So what do you think happens to your CPAs when you go omni-channel? On everything, your cost
per clicks, all of that. You guys are familiar with Expedia? Yes, how old is Expedia? Exactly, they’re really old..

You guys have known
about it for a long time. Expedia recently ran a test
where they went omni-channel by doing television, radio
pay-per-click et cetera. Do you know what happened to their CPAs on pay-per-click like
their cost per clicks and CPAs went down by
double digit percentiles. Omni-channel helps improve
your numbers on all channels..

All right, fact number two, user metrics are the
key to beating Google. You don’t have to increase rankings to get more search traffic,
here’s the old site that I have, I eventually got rid of
it, Nutrition Secrets. It was a nutrition site, I got
my traffic up into the right and yeah there’s writing
content and building links.

and all that kind of stuff. But the real way we have
grew Nutrition Secrets, we did something really manual, at that time there was no
software that could do this. Now there is and I’ll tell you
about the software in a bit. I don’t have a screenshot but you go into Google search console, I still like the old
version I don’t know why..

You click CTR impressions, you see the pages that
are getting the traffic. And then from there
you click into the page that has a low CTR, you
look at the keywords, the ones that are driving
a lot of impressions but low clicks and this you are like, all right I need to adjust
my page with these keywords.

so I can get more clicks, simple concept. You look for keywords, I have
less than a 5% click rate. Look for pages that have
less than a 4% CTR rate and make sure the keywords
that you want to rank for in your title tag
are within your content and meta-description,
once you make that change you submit to Google and they recrawl it..

And here’s some keywords
that help skyrocket CTR that we’ve tested, how to,
list number results, free, you, tips, Great, tricks,
best, why. blog post. You guys get to jest, these
have all worked really well from everything we’ve tested. And as you submit it back
to Google and you fetch and you submit the URL,
click submit to their index.

and boom, you’re in, you
say, you’re not a robot and you give it 30 days
and you see results. We used to do all this manually, that’s how we grew our traffic. It’s one of the best ways because Google is looking
for a user signals, everyone focuses on links,
but not enough of this. If you don’t want to do it manually.

like how I used to do it,
there’s a tool called ClickFlow. You can harass them on
the Single Grain team they can probably tell you about it. Sorry, Single Grain team. But nonetheless that’s what we do now. And we just automate it and
it works so much easier, but I kid you not. This is where we’re seeing
the biggest search gains.

right now for SEO. We’re just optimizing
going after user signals. It’s not sexy, no one
talks about it, works again I know if I write
a blog post on this it doesn’t get read as much but this is where we’re
getting the traffic increases. And luckily, because I
have you in front of me you’re forced to listen to
whatever I want to talk about..

Technically, you could walk out. ClickFlow C-L-I-C-K-F-L-O-W,
its not called ClickFlow. Do not sign up for that company. That’s what it’s called, I’m kidding. So eventually here’s the thing that most people don’t talk about. User metrics are going
to go on all top forums. Did you know on Facebook,
Instagram, LinkedIn.

what is the number one
metric that they look out on? If a post should go viral if you had to take a guess,
what do you think it is? What is it, take a guess, time, okay? That’s one. – [Woman] Shares. – Shares, engagement. What’s engagement, mean? – [Audience] Comments, comments. – Comments, comments..

The more comments you
get, legitimate comments that impact how viral a post
goes more than anything else. I kid you not. If you had 50 of your friends
go to your Facebook page and start leaving comments,
interacting with each other. That post goes viral. Don’t believe me, all people
in this room go comment.

on my latest Facebook posts and
you guys will see seriously. Just if you don’t believe
me, go and try it. You can write whatever you
want and I’ll respond to you. And if you want to respond back and leave another
comment too, you’ll watch I’ll respond back again as well that’s how confident I am that’ll work.

but I know you need to
see it to believe it. So go and leave a comment
on my Facebook page. Make sure it’s the latest post. So that one gets the most traffic but that’s how effective user metrics are. I used to put in all my YouTube videos and Facebook videos, leave
a comment, ask a question. My comment numbers started
going up really high..

My videos went viral and then YouTube and a lot of these
platforms have now built in. If people are asking for
comments in their videos and I noticed the day I had, because my numbers started
going down and I’m like, man. So now I’m trying to think if I can put a visual image
saying, leave a comment.

to see if that works,
but it worked for a while back number three, you
got to focus on branding, brands are the future. You need to build a brand. Now this is a quote from Eric Schmidt, the ex CEO of Google “Brands are the solution not the problem. Brands are how you sort out the cesspool.” The best part is Eric and I
say this quote on our podcast..

So often we never get the call right? Oh, we always butcher it. But now we have the real
one right in front of us. So you know Google’s doing to help try to solve fake news and figure out which sites to rank higher. What do you think they’re looking at? – [Man] Brand signals. – Brand signals, that’s right..

What do you think Facebook is doing to try to combat fake news? What do you think they’re
trying to promote? What type of pages and
content versus others? Brands that’s right. If you have a bigger brand
you’re going to do well you don’t have to build a Coca-Cola but if you build a brand within your niche.

and you’re the leading player your content within that space is going to go more viral than the others. And the Expedia example,
we all know about Expedia. Expedia owns a lot of
properties, hotels.com. They used to own Trivago, TripAdvisor all these other properties. They still own a lot that no one.

I don’t even know what that one’s called. I think Orbits or something or
Travelocity or I don’t know. They just have too many properties. So with Expedia, even though
people knew their properties when they started running
TV, more digital campaigns more pay-per-click all their costs acquire from all the channels went down.

because people had
their brand top of mind. It wasn’t that they didn’t
know who Expedia was. It was, oh, Expedia. I forgot about that company. We forget about every single company. You remember how Uber was
a talked about company back in the day and now not so much
other than Uber went public their stock didn’t do as
well as they could like.

Dropbox, such an amazing company. This company is revolutionary yadda yadda yadda now, oh yes, another public company. I can just upload my
information on my a iCloud. I can upload it on my G Drive. I can still use Dropbox but I got all these other things as well. We all have patterns of what’s in and out..

It doesn’t matter if
you built a big company you still need to be top of mind. So you want to keep pushing your brand. The key to building a brand whether it’s a personal or
corporate one is a rule of 7. How many times can people see you? Are you continually doing email marketing to get people back to your site?.

Are you doing push notifications? Are you doing things like Messenger bots? All these things will help you
get people back to your site so much more often you
can build a good brand. How many of you guys get a
hundred thousand visitors a month to your site? How many get more than that? Raise your hand..

How many get less than that? Raise your hand. I just want to see if
you guys are lazy or not or tired or as suck as a speaker. Okay, so majority of you raised your hand. I focus on doing an omni-channel approach putting content everywhere. I get over a hundred
thousand visitors a month from people typing in Neil Patel..

I’m not saying I’m good
at building a brand. I think I’m not that great. There’s way better people like Gary V, Tony Robbins, et cetera. And I’m more of an introvert as Eric knows I’ve known him for a long time. I stay inside my house. I watched Netflix a lot. “Bad Blood” is amazing If any of you guys haven’t watched that..

And I’m waiting for season three though. So and “Sneaky Pete” by the way
on Amazon, that was amazing. In two weekends, I
watched all three seasons and I work while I am on or watching TV. Like that’s how I work. I don’t go to office. I sit on my bed and my team will tell
you they’ll FaceTime me, like we’ll be on a client
call and I’ll be in my bed.

talking to the client
over Zoom while I work because that’s how I get the most done. But the way I built a
brand is the rule seven. You keep getting people back. Now I over a year ago,
Eric mentioned this. I acquired a company called Ubersuggests and that guy was from Italy. And I paid, I think
around 120 grand for it..

He built a better brand than me and he didn’t do anything that I did. I think he’s smarter than I am. And what I did is I just
leveraged what he did. And I put it on steroids by just going to the
nth degree, being like let me just update your tool
and give away more for free. I now get 3 times the brand grace.

over 300,000 visitors a month from people looking for Ubersuggests than I do from people
looking for Neil Patel, those brand queries help
skyrocket your rankings. You got to build a brand. Every time I grow my brand craze I noticed that my
rankings for all my terms like online marketing pop
up on the top of page one..

It’s not that I try to build
more links or any of that. It’s I focus on brand queries. It’s that powerful So here’s some tips,
emails are still effective, push notification in combination with email marketing is really good. Combine that with Messenger bots then you’re really doing well, right? Which was the next one..

And then you want to use
tools like Google Correlate to help you figure out
what people are looking for that’s similar to your keywords. So for example, if I’m in the
hotels, hospitality industry I want to see what other
things people are looking for. Google Correlate shows you all
the other relevant keywords.

with similar patterns. Make sure you have content
on all those keywords. That way you’re helping people out, because if you’re helping people out, what do you think it does? It helps build a brand. Putting people first
is a right thing to do. Just like when Eric and I threw
this event, we’re debating.

we both decided we wanted
to do it for free, why? cause we’re like, let’s help people out. We didn’t do it to try to close revenue. We didn’t do it to try to
generate business or anything. We’re just like, this’ll be fun. Let’s just help people
out, people helped us. And yeah the positive side is it may help us increase our brand..

Not by a ton. I don’t mean to be in a rude
way with 200 max people. It’s not going to skyrocket our brand but it’s about just giving and helping. And if you truly enjoy that
in whatever you’re doing it’ll help build your brand as well. But that’s a side effect. It’s like people saying,
I want to make money..

You don’t make money by making money. You make money by helping people and help them solve their problems. Put other people first and eventually you will
build a bigger brand and nutrition Secrets as we
started doing all this stuff our branding started going up
and we started doing better getting hired rankings, more pages..

And that’s how we continually climb. But traffic and all this
kind of stuff is great, but it’s not everything. Semrush showed one of my past startups Kissmetrics I think we raised
like 17 million bucks for it. It didn’t turn out well, I bought out the domain
name from the investors for 500,000 bucks and then
redirected the traffic..

And then they recently did assets sell. Now I had good traffic, my competitor Mixpanel
who copied my product at the beginning, they
even had a tech crunch article showing similar screenshots had roughly one third of their traffic. They raised money at an
$865 million valuation. What do you think we were worth?.

I’m the traffic guy. I’m getting all this traffic. I’m beating them. What do you think we were worth? Anyone want to take a guess? You can be honest. Won’t hurt my feelings. You can say something good or bad. Take a guess. You’re a management
consultant, what do you think? – 15 million – More than 15 cause we raised 17 but,.

(audience laughing) technically not when I
bought the domain name but we were worth roughly 0.1 that technically not even 0.1 that so maybe one 15th, one 20th. That’s brutal, right? Think about it, I’m a marketer. I’m on cloud nine,
getting all this traffic. It shows you traffic isn’t everything. And I realized at that point,
the real formula to success.

especially in the future is traffic plus conversions
cubed equals success. The more you focus on conversions the better off you guys are going to be. I’m hammering that so much because I know in a year you guys won’t
be able to do a lot of the marketing techniques
that you’re using right now. Unless you focus on conversions.

which gets into fact number four, conventional CRO
techniques won’t work well, interactive quizzes. I use a lot of this stuff
on the Neil Patel site. It gives you some conversion lifts. I even leveraged two sub
checkouts for e-commerce. I even do popups that are
like, do you want more traffic? Yes or no?.

If you click, yes. You’re going to get a guy that teaches you how to get more traffic if you click no, what do you think you get? No, if you click, no, I’d
be like, congratulations on having massive traffic. Now let’s help you double
your conversion rate, but in your name and email, funny enough, that actually works really well..

It’s kind of creative. So what’s wrong with all
the tactics I mentioned? Pop ups, all this stuff. They’re not bad, but
what’s wrong with them? – [Man] They are annoying. They’re annoying that is true. They still work, but they’re annoying. I hate them, but they’re annoying. What else is, what’s the issue?.

You see them everywhere and
because you see them everywhere. Do you think they work the same that they did five six years ago? No, the effects were not, personalization is a new
conversion rate optimization. It’s all about personalizing
the experience. So here’s the example. Now, I operate my day in
which I have a few companies.

and there’s a CEO in place
of a lot of these companies. They’re starting to
use tools like Intercom and I’m not saying this
because Intercom’s a sponsor. This was actually did the
opposite once Eric and I someone told us, you need he’s like, why are you guys putting your money out of your own pocket for the event?.

Why don’t you get a sponsor? And Eric and I were like,
that’s a smart idea. We’re really stupid for
not thinking of this. That’s was really what
happened, am I right Eric? We were just like, we’re like, how much should we each
spend 20, 30 grand each. And then you knew like you guys are dumb a company will give you the money..

We’re like, oh my God, you’re brilliant. Where’d you come up with this? He’s like, every conference does this and we’re like, oh yeah. So when we look at a lot and you can use any tool
you guys want out there it doesn’t make a difference
to me being honest. But when you start
personalizing that experience.

to start chatting, you’ll notice that you can adapt what
you do to each person. Whether you do that through
Facebook Messenger bots what do you do it to Thrift, intercom. The big point I’m trying to make is you need to start creating
personalized experience for every single person. That’s where we’re seeing
the conversion lifts.

because then you’re
getting data on everyone. And you’re seeing the
lead type, the quality what they even thought
about your conversation. If they rated that as amazing conversation do you think you have a higher chance of converting that person? Of course, if they start
asking you through chat about pricing and how they sign up,.

you can tailor your
messaging and your content totally different than if they asked you,
how do I use your product? That would be more support
or why should I buy you or use you over the competition? You need a personalized, everything. Chat is now responsible
for 28% of our sales. You need it from Nextiva..

I believe his Chat is responsible for roughly a third of
his sales, one third. We’re even seeing it help with e-commerce. You guys need to start using it but don’t just rely on things
like Intercom for chat. You need to go above and beyond that. You need to start
leveraging product tours. And I know this whole
stigma out there, like, oh.

product tools early for SaaS companies and when people log in I’m going to show you something different. Here’s Google, what do you think is on
the right, right there? That’s a functionality of a product tour. Them trying to get you into
more features, more reports more sections of Google’s
products and platforms..

Here’s something within their Gmail app. Did you know you can also
schedule a set notification? That actually happened on my phone. My designer I’m like who designed
this makes us look pretty. He gave me one with a ghetto iPhone cause he’s like, you’re too
cheap to get a real iPhone. I still have an old school iPhone,.

I’m looking at my pocket. I still have like a really old iPhone so he’s like you get the design of an old iPhone until you upgrade. So I was like, okay, I don’t
want to spend the money. But even then they’re doing
product related stuff. So check this out. This is animated on the checkout page. Check this, you see that
moving part on animation.

that’s examples of how
you can use product tours on things like checkout
pages and lead forms. Isn’t that slick? No, the conversion rates
go through the roof. When we started doing all
this and started testing this, conversions lifted by 13%. So you start combining
all these little things you’re not going to get one thing
that grows your sales by 50%..

But we start combining
all these little things what do you think this allows you to do? Spend more on paid ads as
Google increases their prices as Facebook increases their prices and they’re not increasing
it for the sake of it. They’re increasing cause
more people are jumping on and you’re competing with more people.

it’s supply and demand. Fact number five, to win you’ll
have to think like a winner. What do these people have in common? Michael Jordan, Mark
Zuckerberg, Michael Phelps. Other than their names start with an M. (audience laughing) Yes, they all want to win. They actually all have won. Two of them are billionaires..

Michael Phelps is
amazing, talented swimmer. He’s Aussie like Ryan, is
he Aussie or he’s American? No, he’s American, my bad,
he’s not Aussie, right? They all have coaches and mentors who helped him get to
where they are today. You need to invest in mentorship. It doesn’t have to be
paid this is a free event..

You can go to other free events, you can listen to a podcast. Eric has this podcast
called Growth Everywhere where he’s interviewing people and they’re reviewing
their revenue numbers. That’s one of your
competitors you listen to it. You can figure out how they grew and you can copy some of it. Look, if you’re going
to climb Mount Everest.

would you just fly over to Nepal climb to the top and get there? No, you’d probably die. You’d get a Sherpa to help
you on and do your training. The same goes with anything you do in marketing and business,
go read articles. Find people who can help you out again you don’t have to pay for it. There’s a lot of free stuff online..

The reality is marketing never stops. What works today may
not work in the future. So the best approach
is to continually test and keep learning. You’re going to be overwhelmed by the information and you know what? Just go after the low-hanging fruit. Try one thing, if you’re
going to take one thing away.

from this presentation,
try some CRO stuff. If you don’t, you’re going to get beat by all your competitors in the few years probably in 12 months because that is where the market
is going is so competitive. Everyone’s raising money to
pile on marketing skills, are using Reid Hoffman’s
concept of Blitzscaling,.

spend money at all costs
to generate revenue even if you’re not profitable,
it screw you up the margins for most of the companies,
you need focus on conversions. There’s three types of people those who make things happen,
those who watch things happen and those are wondering
what just happened. Be the person who makes things happen..

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