How This Ad Lost One Company a Billion Dollars | Ep. #1244

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 27 December 2019

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #1244, we talk about how Peloton lost a billion dollars in company valuation the day a new advert for their bike came out! The ad caused a big stir with claims of sexism and elitism and the share drop was very immediate. Tune in to hear our thoughts on what the real cost of this was and if it really hurt Peloton that badly! TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: How One Ad Lost a Company a Billion Dollars. [00:34] A little about Peloton, what the company produces and its reputation. [01:15] The content of the ad in question and the story behind it. [02:12] The backlash against the ad and the resulting drop in value for Peloton. [02:40] Neil's own experiences buying his wife a Peloton! [03:40] Did this saga actually hurt the company and how badly? [04:26] Good press, bad press and neutral promotion. [06:08] Coming back from a negative press cycle and using it to your advantage. [06:57] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information. Links Mentioned in Today’s Episode: Peloton SoulCycle Tesla 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	Welcome to Marketing School, the only podcast that provides daily top-level marketing tips and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.5	Let's start leveling up your marketing knowledge with
0:14.0	your instructors Neil Patel and Eric Sue.
0:19.2	All right guys before we start we got a special message from our sponsor.
0:24.0	If you want to rank higher on Google,
0:25.9	you got to look at your paid speed time.
0:28.5	The faster your website loads, the better off you are.
0:31.3	With Google's core vital update,
0:33.0	that makes it super, super important
0:34.8	to optimize your site for low time.
0:37.6	And one easy way to do it is use the host
0:40.0	that Eric and I use, Dreamhost.
0:42.0	So just go to Dream Host or Google it.
0:44.8	Find it, check it out, and it's a great way
0:47.0	to improve your low time.
0:49.2	Welcome to another episode of Marketing School. I'm Eric Sue and I'm Neil Patel and today
0:55.6	we're going to talk about how this one ad lost one company a billion dollars
1:00.4	a billion with a B. Neil, do you know what it is?
1:03.4	Yeah, so this company is called Peloton.
1:05.9	They're a company that produces treadmills and bicycles
1:10.4	that you can have at home.
1:11.8	They have really cool monitors and video lessons and you can work out with other
	...

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