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Marketing School - Digital Marketing and Online Marketing Tips

Growth Is Getting Harder (And What You Can Do About It) | Ep. #366

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 1 August 2017

⏱️ 8 minutes

🧾️ Download transcript

Summary

In Episode #366, Eric and Neil discuss how growth is getting harder and what you can do about it. In terms of marketing, it seems that everything repeats itself. Now, more than ever, is the time to get CREATIVE in order to stand out. Tune in to learn how you can deal with the fast-paced, competitive market out there and the importance of keeping it fresh and original.  Time Stamped Show Notes: 00:27 – Today’s topic: Growth Is Getting Harder (And What You Can Do About It) 00:36 – Today’s episode is inspired by Uber’s Andrew Chen who is well known in the growth network 00:55 – CPCs and the rise of ad blockers are getting higher 01:18 – “As growth gets harder, you have no choice but to get more creative” 01:24 – The main way to grow is to think outside the box and go after different channels 01:43 – Facebook has a saturation point and the ad prices are higher 01:57 – Aside from the sending people to landing pages from your Facebook ads, take your people to educational/press type articles 02:15 – It will all come down to CREATIVITY 02:38 – Everyone is getting smarter in regards to growth 02:50 – The competition is tougher 03:09 – Facebook and Google are still on the top list of apps 03:19 – Develop your own brand to stand out 03:37 – Building your brand with corporate personnel 03:50 – Amazon’s customers are loyal therefore, they will always have high conversion rates 04:08 – Beats by Dre entered a saturated market, but still manages to make sales 04:21 – Beats by Dre has a great design that becomes part of one’s lifestyle 04:30 – They pay celebrities to use Beats by Dre 04:40 – Alternatively, you can give out equity in exchange for promotion 04:45 – Vitamin Water gave out equity to promote their product 05:05 – Social media channels are copying each other 05:24 – You have to figure out a way to differentiate yourself from the competitors 06:00 – Marketing School is giving away a free 1 year subscription to Crazy Egg which helps you increase your conversion rate 06:33 – Go to SingleGrain.com/giveaway for multiple entries 06:45 – That’s it for today’s episode! 3 Key Points: Leverage all channels that are available to grow your brand. The more creative you are, the more you will be able to adapt to the market and compete. Giving out equity is another way you can promote your brand. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Get ready for your daily dose of marketing strategies and tactics from

0:06.8

entrepreneurs with the guile and experience to help you find success in any

0:11.4

marketing capacity. You're listening to marketing school with

0:14.9

your instructors Neil Patel and Eric Sue.

0:18.6

All right guys before we start we got a special message from our sponsor.

0:27.0

If you want to Rank hire on Google, you got to look at your paid speed time.

0:31.5

The faster your website loads, the better off you are. With

0:34.4

Google's core vital update, that makes it super, super important to optimize your

0:38.5

site for low time. And one easy way to do it is use the host that Eric and I use dream

0:44.5

host so just go to dream host or Google it find it check it out and it's a great way

0:49.7

to improve your low time.

0:55.8

Welcome to another episode of marketing school. I'm Erriku.

0:56.8

And I'm Neil Pottom, and today we're going to talk about how growth is getting harder

1:01.0

and what you can actually do about it.

1:03.0

So this is from an essay that's actually inspired by

1:06.0

Uber's Andrew Chen, who is well known in the growth kind of,

1:10.0

the growth industry we can call it,

1:12.0

or the growth network and I mean it's he makes some some good points right you know

1:17.1

everything is kind of consolidating you know competition on paid at paid to pay channels

1:21.2

like Facebook and Google.

1:22.7

It's just getting harder and harder.

1:23.8

You know, the CPSAs are getting higher and higher.

...

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