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Marketing School - Digital Marketing and Online Marketing Tips

The Best Way To Do Paid Media Is… Not To Do Paid Media?!

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 30 August 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

To discover the potential of non-traditional approaches to achieve effective and sustainable growth for your business, tune in now!

Transcript

Click on a timestamp to play from that location

0:00.0

We're going to talk about why the best way nowadays to do paid media is to actually not do paid media

0:07.6

So Neil and I want to preface this by saying that the old days of doing paid media it was all about how you structured

0:13.8

your campaigns a lot is a lot about the phrase matching exact matching a lot of that

0:18.4

stuff has been taken away now and a lot of it was really based on how deep someone understood the platform.

0:25.3

And that was kind of the paradigm from before, right?

0:28.0

But I don't know if you agree with this, but I do believe the paradigm is shifting now where

0:31.6

the machines are getting better and better.

0:34.0

And we can talk about also kind of what we're seeing from experience in our own respective ad agencies too.

0:40.0

Because the old way is like, yeah, you're supposed to be optimizing a lot you're supposed to be making changes monitoring the accounts very closely

0:46.2

but now because the AIs have gotten a lot better it's shifting a little bit.

0:50.8

We still see if you just let them do whatever they want to end up doing.

0:55.0

You don't generate as high a ROI versus human intervention.

0:59.0

But we think this has been consistent for well over a few years now. The highest leverage point in paid

1:05.6

advertising isn't actually focusing on paid advertising. It's related to the creative, the

1:11.9

messaging, the copy, the landing pages, the ad that you're using and how appealing it is.

1:17.0

How congruent is the messaging because if you just do people to get in the click and then the landing page doesn't deliver, the product doesn't deliver,

1:23.0

you're not going to see the conversions,

1:25.0

or if you see the conversions, and then you do people,

1:26.0

you're going to get tons of bad reviews

1:28.0

and refunds as well.

1:30.0

So what we're seeing is the highest leverage point

1:32.0

isn't the fine tuning of the campaign settings.

...

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