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Wealthy Way

The Fear Behind Investing in Paid Ads for your Business

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 19 June 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Exploring the common fears and concerns business owners have about investing in paid ads, and how to navigate them effectively.---Secure your spot at the #1 conference for real estate, entrepreneurship, and social media here - https://www.wealthcon.org/Feeling lost as an entrepreneur or real estate investor? Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/If you want to level up, text me at 725-444-5244! ---About Ryan Pineda: Ryan...

Transcript

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0:00.0

And my goal is in the year from now to be getting more traffic from organic than we are from paid,

0:04.7

because the paid stuff scares me.

0:06.4

Wish we could go down that rabbit a whole long time, but it's just getting harder and harder for everybody.

0:09.3

Well, let's talk about that.

0:10.3

Why is the paid stuff scaring you now? Just the cost to acquire customers is insane. about deep funnels we got front ends back ends like about $250,000 back and everything and even

0:23.9

amongst that it's harder and harder to be profitable. I look at people of a traditional

0:27.8

business like how are they it's so much harder to do it and so I'm trying to

0:32.2

really master and understand it

0:33.2

partially for ourselves it gives stability to us but also to be able to train our

0:36.9

people so that they're not relying on these you know crazy eye costs and

0:40.7

it's just part of it's the way like advertising

0:43.8

media has happened throughout the beginning time right like Dan Kennedy who's my

0:47.2

first mentor he was telling this story at Funnel Hacking Live about how

0:51.1

when late night infomercials like TVA should play to like 10 o'clock

0:55.1

a night and then just turn off like there's no TV and him a bunch of guys like

0:58.1

went to the the TV station like hey can we buy that airtime why would you want that

1:02.1

everyone's asleep. They

1:02.7

don't know. So finally they convinced some studio to let them have like from midnight

1:07.0

till 6 AM or something and they bought it for like, it's like $20 for that ad time.

1:10.9

And they started running infomercials and they were killing it.

1:13.7

Just like, the media was free, the only ones doing it,

1:15.6

it was, you know, basically free and they was killing it.

...

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