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Marketing School - Digital Marketing and Online Marketing Tips

How Paid Advertising is Actually Dying | Ep. #957

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 15 March 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

In episode #957, we discuss how paid ads are dying. Tune in to hear why this method doesn’t give you a good ROI anymore. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How Paid Advertising is Actually Dying [00:40] The revenue isn’t dying, but the costs are getting so expensive, it’s hard for businesses to get a good ROI. [01:10] So much VC money is getting wasted on ad spending. [02:05] You need to think about upsells and downsells. [02:40] Think of all the possible outlets you can use to push your upsells and downsells. [03:30] The biggest companies in China are not ad platforms, which is different here in the US. [03:50] In the US, the podcasting market is worth $314 Million, whereas in China it’s $3 Billion. [04:15] China is better at monetizing, but we’re getting there. [04:16] That’s all for today! [04:40] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! 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

0:14.5

with your instructors Neil Patel and Eric Sue.

0:19.4

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

0:27.0

If you want to rank higher on Google, you got to look at your page 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 load time. Welcome to another episode of marketing school.

0:55.0

I'm Eric Sue.

0:56.0

And I'm Meal Patel.

0:57.0

And today we're going to talk about how paid advertising is actually dying.

1:01.0

And you guys are probably wondering, like like what do you mean it's dying?

1:05.6

Google and Facebook keep making more and more revenue. It's not going away. Their revenue isn't

1:11.1

dying, but it's dying for businesses because the cost of paid advertising

1:15.5

and getting so expensive, it's hard for businesses to generate a ROI.

1:20.0

It's whoever spends more gets to acquire more customers.

1:24.0

That's correct and now you're seeing all these companies just acquiring customers and not worrying about if their

1:30.4

customers are going to be profitable.

1:33.0

All these companies are raising hundreds of millions of venture capital

...

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