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Marketing School - Digital Marketing and Online Marketing Tips

Stop Copying Your Competition | Ep. #632

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Marketing, Careers, Business

4.61.4K Ratings

🗓️ 24 April 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

In episode #632, Eric and Neil discuss why you shouldn’t copy your competition. Tune in to see why past techniques may not work for you today. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: Stop Copying Your Competition [00:38] What worked for your competition won’t necessarily work for you. [01:17] The problem with content marketing is that there is now a lot more competition. [01:40] Whereas Neil had success within the first three months, it would take people a year to do the same today. [02:18] Costs of paid ads have gone up and bigger brands drive prices even higher. [03:00] What people were willing to spend years ago, was a lot less than you would have to spend today. [04:00] Just because one tactic worked for another company, doesn’t mean it will work the same way for you. [04:15] Dropbox referral programs worked in the past, but they probably wouldn’t work now. [04:50] If you’re in business to make money, you should do something else. [05:03] You have to be three steps ahead of everyone; think about what will be popular in the future. Spot trends. [05:40] Take chances and shoot for the moon. [05:50] That’s all for today! [05:53] Go to Singlegrain.com/Giveway for a special marketing tool giveaway! 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.

0:18.7

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 host so just go to

0:46.0

dream host or Google it find it check it out and it's a great way to improve your

0:50.8

load time. Welcome to another episode of Marketing School.

1:00.0

I'm Eric Sue.

1:01.0

And I'm Neil Patel.

1:02.0

And today we're going to talk about why you should stop coughing your competition.

1:06.0

Neil, what are your thoughts around this?

1:08.0

What worked for your competition because the chances are they're older than you and they've been doing it longer won't necessarily

1:13.8

work for you.

1:15.0

For example, I get a lot of other friends who own ad agencies hitting me up being like,

1:19.7

hey Neil, you guys do amazing job with content marketing we want to dominate or make on

1:23.4

Google like you can you please you know guide us tell us the strategies and then I'm

1:28.9

like well first off are you willing to go at it for a few years without making a return?

1:34.8

They're like yeah, yeah sure as long as I know it's there in the long run. I'm like okay

...

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