4.6 • 667 Ratings
🗓️ 1 January 2024
⏱️ 12 minutes
🧾️ Download transcript
Wrapping up our 2 part series on running ads, I want to share what you should be tracking so you know if your ads are "working" or not. You'll probably have to listen to this one a couple times but what get measured gets managed and this could be the key to your business growth in 2024.
Time Stamps:
(0:37) Part 1 Recap
(5:13) Spend Percentage
(6:17) What Ad Metrics to Track
(8:45) Return on Ad Spend
(10:41) Put Yourself In Your Customers Shoes
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0:00.0 | You got to think, like put yourself in the shoes of a customer. |
0:02.7 | Like, when's the last time you just saw an ad, right? |
0:05.5 | And you just fucking clicked and bought, especially for like multiple thousands of dollars. |
0:09.8 | Probably not. |
0:10.6 | You want to think about how long it might take to take someone from a stranger to a lead to an engaged lead to a prospect and a client. |
0:16.2 | On average, it might take someone, you know, three weeks, maybe all the way up to like four or five, six months. |
0:23.1 | Yo, what up, everyone? |
0:24.0 | Welcome back. |
0:24.6 | Jordan here. |
0:25.4 | And today is part two of a two-part episode where I'm covering paid ads. |
0:29.5 | And I want to share with you today how to know if your ads are actually working in the |
0:33.2 | prior episode I covered more or less how to know when you're ready to start running ads, |
0:37.7 | like when you should. And it's probably, probably sooner than you think you should. So if you |
0:41.5 | haven't listened to that yet, I might go back and listen. But today we're just going to cover |
0:44.6 | more or less how to know what advertising is doing, if it's working. And this is an often |
0:50.0 | misrepresented concept. So before we get started, I actually want to play a video for you from |
0:54.7 | Kevin O'Leary. He's one of the hosts of Shark Tank, who's like a multi-bigillionaire. And he's going to |
1:00.0 | share something that I think is really useful and reiterates everything I'm going to talk about today. |
1:03.5 | So let me go ahead and play this. Social media today. Well, it lets you build your own network. |
1:08.8 | Well, I don't have all this equipment? Because I'm supporting all the companies and investments and entrepreneurs I work with. |
1:14.8 | I generate content every single day in here. |
1:17.6 | And I do that to tell the story of our companies, the product and the services, |
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