Don’t try to go viral, post COVID what you’re going to see is a lot of people continuing with online commerce, which is going to increase the demand for digital marketing, but it’s also going to increase our competitive digital marketing as well. Focus on what you’re naturally better at because that’s what you’ll enjoy and just double down on and be the best person at that one thing. (upbeat music) – Before we get started make sure you subscribe to this channel and if you’re on YouTube click the alert notification.
Today I wanted to talk to you guys about the future of digital marketing. Where’s my size. All right, as you guys can see and the future is not what you think, but don’t worry not everything has to be grim there is some good news as well. And I’m going to share with you guys a lot of stats and data.
So we deal with companies of all different types of sizes from large corporations, like the Fortune 100 all the way to small mom and pops. And when you’re dealing with companies of all sizes and you’ve been doing this for roughly 16, 17 years you start noticing trends and patterns and what Eric and I wanted to leave you with is changes that you can implement so that way you’re going to be better prepared for the next algorithm updates, the next platform updates. So that way you can keep thriving and surviving and doing extremely well. So my Twitter handle ignore the hashtag, I’m the co-founder of ad agency called Neil Patel Digital, as I mentioned, I work with all different types of companies from the Facebooks of the world to the Microsoft’s, yadda yadda yadda, tons of quotes, testimonials.
Now the point of all that isn’t to say, I’m great or I’m amazing. I don’t think I’m the best marketer out there. I still think I have a lot to learn and improve upon but it’s more so to show that, hey when I’m giving data and facts, it’s based on what I’m seeing, it’s not just me making stuff up. And I truly see both sides of the table.
Not only am I an entrepreneur and a marketer myself I also work with companies like Google or this one’s actually Facebook, companies like Facebook will hit me up and pay me money to speak at their own conferences to their own customers. As well as companies like Google will hit me up to help market Google as well. In essence, I really do see every single side of marketing. I see it from the entrepreneur side, the business owner side, the marketer side, the platform side, from the Googles, the Facebooks of the world.
Now, before we get started and go into the future marketing I wanted to play a little bit of a game with you guys. So number one, how many blogs do you think are there on the web? Let’s see how many of you guys listen to marketing school? All right, take a guess. – [Man] Billion. – That’s right.
So you may have a different number. You may have a different number, you’re like, no, no, there’s a billion 100 WordPress blogs. Do you know the real number? Okay, so from what we know and all the stats online there’s at least a billion blogs. How many people are in the world? Take a guess.
Yeah, roughly 7 billion. Do you think we need that many blogs? That’s roughly one blog for every seven people just honestly, no, we don’t need another marketing blog so don’t try to copy me or Eric. But in general, there’s just too much content at this point. How many enterprise companies do you think are leveraging digital marketing? You know like these old school companies, some of them are like big corporations, like Fortive.
How many of you guys have heard of Fortive? Did you know they are worth like $30 billion and they sell like gas pumps and industrial equipment that you guys use on a daily basis but you never know about. Okay, how many old school companies like that do you think are leveraging digital marketing? Take a guess. Who said all of them, that’s right. All of them are pretty much leveraging digital marketing.
Those guys have a shit ton of money, literally piles and piles of it. They make more in interest on any given day than we make in a whole year working, right? So they can now spend us and when they make mistakes it doesn’t really hurt them. Another question, startups, they raise money. What do you think most of the money that they’re raising is used for these days? Ads what else? What else? What else? What do you do? You do sales.
(all laughing) Don’t try to lie to people, you’re a salesman. I know you’re on payroll that guy trying to talk to you he’s a salesman. Okay, so startups these days, when I was starting my first company back in the day, we would raise venture capital. The money was raised for creating a product, engineering, servers all that kind of stuff.
Now, most companies raise the majority of their money for sales and marketing. In other words growth, they’re trying to figure out how to get more revenue. And that usually involves sales and marketing. You can talk about growth hacking and loop in some product changes, but in essence that’s where they’re spending their money.
How many of you guys or what percent of the voice searches will be in 2020? What do you think, what percentage? Go for it, yeah you, you really do listen to marketing school a lot, 50% it is. Things are changing, how are you going to monetize when someone’s doing a search over a Lexa device or Google Home, how are you going to monetize that? Have you guys ever thought about that, 50%? I want that revenue for that 50%, don’t you guys. So there’s a lot of things that are changing. I’m going to even go over even more.
You’re going to see me turning my head a lot back a bit because there’s a ton of stats and data. I hope you guys don’t get overwhelmed. And then we’ll go into some of the things you guys can do to ensure that you continually succeed. So here’s Google’s revenue, 2008 was a recession.
We’re worried about a potential recession coming in the future. What happened to Google’s revenue during the recession? They went up, what do you think is going to happen to their revenue during this recession? It’s probably going to go up. They’ll figure out ways to make it go up if the cost per clicks go down you may see more pay listings on page one, right? Generally speaking performance advertising continues to go up, if you spend a dollar on paid ads you expect to make more money than what you spent, would you guys agree with that statement? So during a recession, if you still spend a dollar on Google and you make $2 do you think you’re going to slow down because it’s a recession? No, it doesn’t matter if it’s a recession, a bull market, a bear market. If you can spend a dollar and make $2 as long as it’s profitable, including all your other costs you’re going to keep spending as much money as you can.
And that’s what you’ll see, people will start moving their traditional ad dollars more over to performance-based marketing during recessions. So let’s go over what I’ve been learning and the future of marketing and where it’s going. Fact number one, and we talk a little bit this during our podcast, marketing is going omnichannel but I have the data to show you why, right? So I’m going to actually go over here because it’s easier to see the television screen than the projector, here’s marketing spend by channel. No shocker, which place gets the majority of the revenue? Google.
Who has the largest market cap? Google. Next one, Facebook ads make sense. Facebook has a huge market cap. Then you get into SEO and content marketing and social media marketing and then other.
SEO may get a lot of the clicks but paid advertising, spend a dollar make $2. You don’t have to wait a long time people keep spending. Conversion rate by channel, Google ad words, Facebook ads, SEO content marketing, social media, other. Why does Google ad-words convert better than SEO? If you had to take a guess, people are like, oh this is paid ads, we wouldn’t trust that as much.
Why do you think paid ads converts better? The what? Bottom of funnel, okay and tent – [Man] Landing page – Landing page that’s right. If you, Said has WPBeginner you got a ton of visitors, millions a month, on those pages I get millions of visitors a month. Can you just put a squeeze page and make them sign up for hosting and my plugins? You could, but your rankings would go down. If you remove the content you just put that it would go down, with pay-per-click If you give them money you can put whatever you want as long as you keep paying them, right? SEO, you got to have content, Sure you can get a lot of traffic but that content, if you look at auto-insurance you click on the first pay listing, it’s usually typing your zip code and that’s it, it doesn’t even have a hundred words of text on the page, including the title tag.
You look at the text-based version that ranks on page one. There’s like a thousand words about auto insurance. Facebook ads, Intent isn’t there. You can still convert them cost per clicks are a lot less and you can still convince them to convert.
You just got to get more clicks. SEO as we already mentioned, social media you guys already know that one, other, we’ll go into other a bit later. Average number of social shares per post, it’s been continually declining. What do you think is going to happen in the future? You think it’s going to go back up? Nope, if you want to go back up what are you going to have to give Facebook? Money, that’s the reality of it.
And I’m not here to save Facebook stocks. It’s a great platform and channel for marketers. You can also start getting creative and leverage like Messenger chat and all this stuff helps as well that Larry talked about earlier, but in general social shares are declining, that’s just the stats. Now here’s where people are publishing content.
It used to just be where it would be on their own blog. But now everyone’s leveraging Medium, Tumblr Facebook, YouTube, LinkedIn, Twitter. Google doesn’t penalize for duplicate content. You release content once, publish it everywhere.
You release one video, take that same video, re-upload it to Facebook, re-upload it to LinkedIn, Re-upload it to Pinterest, Actually, I don’t think Pinterest takes videos but everywhere else, that takes videos, upload it. Get that traffic, what do you have to lose? What percent of organic search traffic goes to your blog? You see a trend here? Not only are people continuing to blog but those pages give information. They don’t necessarily sell products or service. And this isn’t Google spar for doing this.
There’s nothing wrong with what they’re doing. This is the trend, their trends, the way they adapt Google’s based off of usage of you and I searching. So if we all search for something and we want to read the informational articles, what do you think they’re going to show more of? Informational based articles, and that’s what they’re doing, right? What portion of your customers first found you through your blog? It’s increasing, why? Because blogs are ranking better that’s what people want to see. So if you’re not blogging, whether you like it or not you’re not going to end up generating all those extra conversions.
In Google analytics there’s this report called assistant conversions are you guys familiar with this report, raise your hand if you are, assisted conversions will tell you things like are people reading your blog and then eventually converting. This is really important because this will help you put an ROI to some of these other channels. What has led to your biggest traffic gains? Shockingly translations, most people don’t know this. Number two, updating content, that works better than creating more content.
Again, billion plus blogs, we don’t need more content. We need to steal content that’s outdated to be re-updated. Remember Said talked about, hey when I create three pieces of content a week on one of these sites I’m not really releasing three pieces of content. One of them is a updated article, why? Because if you don’t keep updating you’re not going to keep maintaining your rankings.
It’s no longer you create a blog and you just get the traffic. It’s not you create a blog, you promote it you get the traffic. If you don’t constantly update remark it that content, you’re going to lose that traction and someone else is going to take your spot. So if you look at this, translations has the biggest opportunity because the United States is competitive, Brazil, all these other countries like India, they’re up and coming, there is money there.
And if you translate your content into their local dialects you can do extremely well because there’s not that much competition. Google needs content within those regions. You’ll dominate fast, you’ll maintain for at least a bit longer in the short run and you can generate revenue as well. When people talk to me, they’re like, “Neil in India why would we go after that market? There’s barely any money.
” Do you think Walmart would pay like 15 or 17 or whatever billion dollars for Flipkart if there wasn’t money in India. Do you think Airbnb would be doing investments there? Do you think Microsoft and Amazon and Adobe and all these companies would be investing billions of dollars? No, you got get on these regions fast. That is a big future if you translate your content, you can find a lot of these people from upward. You can do really well.
So what channel provides the biggest ROI for companies? Can you guys take a guess on this? Out of all the survey data there’s one channel that provide the biggest ROI and those lumped into other, if you guys had a guess what this was channel, what would you think it is? Instagram, email, what else? Conversion rate optimization is the least sexiest channel out there from every company we interviewed and surveyed. And we surveyed hundreds of these companies. And some of these guys are doing like millions and millions and millions of dollars a month in profit if not billions some of them, conversion optimization out of all the marketing channels provided the biggest ROI but the smallest investment by far, if you can boost your conversion rates by double what does that mean to your paid advertising or your SEO or your content marketing, you can spend more. These channels will become more expensive, whether you like it or not paid ads will keep going up.
Whether you like it or not, you’re going to keep doing it because it makes you more money. If you don’t optimize for conversions you’re going to get slaughtered by all the competitors. And there’s a huge trend in digital marketing right now where a ton of companies are finally starting to spend time in A/B testing, personalization and all this other stuff that very few people talk about. And I know this because if I release a blog post on AB testing or personalization, no one wants to read it.
If I release another article on how to get more traffic everyone’s like, yeah, show me this. It just shows what you guys want to read and the trend is going two different opposite directions. So really start getting into conversion optimization. What’s also cool about going omni-channel is that it’s also not hard to see what the competition’s doing, right? Because all these channels are getting saturated fast.
And that is a big trend, you have no choice but to leverage all of them, used to be able to create a business off of one channel. Facebook grew just from the referral program, Dropbox grew from social media tweet this to get more space. You no longer can grow a business through one channel. It’s becoming more and more competitive.
The people who are early on sure, Said has access to a huge WordPress community. He already is integrated, has access to all these users. Do you think someone can just come in right now and compete with him? Said, if you were coming into this right now, do you think you can do well compared to you being in this for 10 years? Why not? (indistinct) It’s much harder and you got an early enough which gave you that head start hence he was able to leverage one channel and explode. Now even Said, even though he’s done really well he’s still expanding into other channels and platforms because that’s how you continually grow.
But you can use tools like the Semrush, I won’t get complaints I’m not just promoting my own tools. I’m not getting paid by any of them. You can use Semrush and tools like that to see what people are going after from an SEO perspective or paid advertising perspective, you can use WhatRunsWhere to see what kind of media ads people are doing. You can use, BuiltWith to see what technologies people are using, so that way you know someone’s doing AB testing and stuff.
You can use, like Ahrefs to see links to your competition see if you can get them to link to you. You can use Wayback Machine to see if, hey someone’s doing AB testing, very few people do this I don’t know why. Use Wayback Machine, go back see all the variations of their pages. You can see their transitions, typically the one that they’re with now is the one that boosts the conversion rates the most.
That will give you idea where to start. Link Explore by Moz, another tool that gives you a lot of marketing insights. So what do you think happens to your CPAs when you go omni-channel? On everything, your cost per clicks, all of that. You guys are familiar with Expedia? Yes, how old is Expedia? Exactly, they’re really old.
You guys have known about it for a long time. Expedia recently ran a test where they went omni-channel by doing television, radio pay-per-click et cetera. Do you know what happened to their CPAs on pay-per-click like their cost per clicks and CPAs went down by double digit percentiles. Omni-channel helps improve your numbers on all channels.
All right, fact number two, user metrics are the key to beating Google. You don’t have to increase rankings to get more search traffic, here’s the old site that I have, I eventually got rid of it, Nutrition Secrets. It was a nutrition site, I got my traffic up into the right and yeah there’s writing content and building links and all that kind of stuff. But the real way we have grew Nutrition Secrets, we did something really manual, at that time there was no software that could do this.
Now there is and I’ll tell you about the software in a bit. I don’t have a screenshot but you go into Google search console, I still like the old version I don’t know why. You click CTR impressions, you see the pages that are getting the traffic. And then from there you click into the page that has a low CTR, you look at the keywords, the ones that are driving a lot of impressions but low clicks and this you are like, all right I need to adjust my page with these keywords so I can get more clicks, simple concept.
You look for keywords, I have less than a 5% click rate. Look for pages that have less than a 4% CTR rate and make sure the keywords that you want to rank for in your title tag are within your content and meta-description, once you make that change you submit to Google and they recrawl it. And here’s some keywords that help skyrocket CTR that we’ve tested, how to, list number results, free, you, tips, Great, tricks, best, why. blog post.
You guys get to jest, these have all worked really well from everything we’ve tested. And as you submit it back to Google and you fetch and you submit the URL, click submit to their index and boom, you’re in, you say, you’re not a robot and you give it 30 days and you see results. We used to do all this manually, that’s how we grew our traffic. It’s one of the best ways because Google is looking for a user signals, everyone focuses on links, but not enough of this.
If you don’t want to do it manually like how I used to do it, there’s a tool called ClickFlow. You can harass them on the Single Grain team they can probably tell you about it. Sorry, Single Grain team. But nonetheless that’s what we do now.
And we just automate it and it works so much easier, but I kid you not. This is where we’re seeing the biggest search gains right now for SEO. We’re just optimizing going after user signals. It’s not sexy, no one talks about it, works again I know if I write a blog post on this it doesn’t get read as much but this is where we’re getting the traffic increases.
And luckily, because I have you in front of me you’re forced to listen to whatever I want to talk about. Technically, you could walk out. ClickFlow C-L-I-C-K-F-L-O-W, its not called ClickFlow. Do not sign up for that company.
That’s what it’s called, I’m kidding. So eventually here’s the thing that most people don’t talk about. User metrics are going to go on all top forums. Did you know on Facebook, Instagram, LinkedIn what is the number one metric that they look out on? If a post should go viral if you had to take a guess, what do you think it is? What is it, take a guess, time, okay? That’s one.
– [Woman] Shares. – Shares, engagement. What’s engagement, mean? – [Audience] Comments, comments. – Comments, comments.
The more comments you get, legitimate comments that impact how viral a post goes more than anything else. I kid you not. If you had 50 of your friends go to your Facebook page and start leaving comments, interacting with each other. That post goes viral.
Don’t believe me, all people in this room go comment on my latest Facebook posts and you guys will see seriously. Just if you don’t believe me, go and try it. You can write whatever you want and I’ll respond to you. And if you want to respond back and leave another comment too, you’ll watch I’ll respond back again as well that’s how confident I am that’ll work but I know you need to see it to believe it.
So go and leave a comment on my Facebook page. Make sure it’s the latest post. So that one gets the most traffic but that’s how effective user metrics are. I used to put in all my YouTube videos and Facebook videos, leave a comment, ask a question.
My comment numbers started going up really high. My videos went viral and then YouTube and a lot of these platforms have now built in. If people are asking for comments in their videos and I noticed the day I had, because my numbers started going down and I’m like, man. So now I’m trying to think if I can put a visual image saying, leave a comment to see if that works, but it worked for a while back number three, you got to focus on branding, brands are the future.
You need to build a brand. Now this is a quote from Eric Schmidt, the ex CEO of Google “Brands are the solution not the problem. Brands are how you sort out the cesspool. ” The best part is Eric and I say this quote on our podcast.
So often we never get the call right? Oh, we always butcher it. But now we have the real one right in front of us. So you know Google’s doing to help try to solve fake news and figure out which sites to rank higher. What do you think they’re looking at? – [Man] Brand signals.
– Brand signals, that’s right. What do you think Facebook is doing to try to combat fake news? What do you think they’re trying to promote? What type of pages and content versus others? Brands that’s right. If you have a bigger brand you’re going to do well you don’t have to build a Coca-Cola but if you build a brand within your niche and you’re the leading player your content within that space is going to go more viral than the others. And the Expedia example, we all know about Expedia.
Expedia owns a lot of properties, hotels. com. They used to own Trivago, TripAdvisor all these other properties. They still own a lot that no one I don’t even know what that one’s called.
I think Orbits or something or Travelocity or I don’t know. They just have too many properties. So with Expedia, even though people knew their properties when they started running TV, more digital campaigns more pay-per-click all their costs acquire from all the channels went down because people had their brand top of mind. It wasn’t that they didn’t know who Expedia was.
It was, oh, Expedia. I forgot about that company. We forget about every single company. You remember how Uber was a talked about company back in the day and now not so much other than Uber went public their stock didn’t do as well as they could like Dropbox, such an amazing company.
This company is revolutionary yadda yadda yadda now, oh yes, another public company. I can just upload my information on my a iCloud. I can upload it on my G Drive. I can still use Dropbox but I got all these other things as well.
We all have patterns of what’s in and out. It doesn’t matter if you built a big company you still need to be top of mind. So you want to keep pushing your brand. The key to building a brand whether it’s a personal or corporate one is a rule of 7.
How many times can people see you? Are you continually doing email marketing to get people back to your site? Are you doing push notifications? Are you doing things like Messenger bots? All these things will help you get people back to your site so much more often you can build a good brand. How many of you guys get a hundred thousand visitors a month to your site? How many get more than that? Raise your hand. How many get less than that? Raise your hand. I just want to see if you guys are lazy or not or tired or as suck as a speaker.
Okay, so majority of you raised your hand. I focus on doing an omni-channel approach putting content everywhere. I get over a hundred thousand visitors a month from people typing in Neil Patel. I’m not saying I’m good at building a brand.
I think I’m not that great. There’s way better people like Gary V, Tony Robbins, et cetera. And I’m more of an introvert as Eric knows I’ve known him for a long time. I stay inside my house.
I watched Netflix a lot. “Bad Blood” is amazing If any of you guys haven’t watched that. And I’m waiting for season three though. So and “Sneaky Pete” by the way on Amazon, that was amazing.
In two weekends, I watched all three seasons and I work while I am on or watching TV. Like that’s how I work. I don’t go to office. I sit on my bed and my team will tell you they’ll FaceTime me, like we’ll be on a client call and I’ll be in my bed talking to the client over Zoom while I work because that’s how I get the most done.
But the way I built a brand is the rule seven. You keep getting people back. Now I over a year ago, Eric mentioned this. I acquired a company called Ubersuggests and that guy was from Italy.
And I paid, I think around 120 grand for it. He built a better brand than me and he didn’t do anything that I did. I think he’s smarter than I am. And what I did is I just leveraged what he did.
And I put it on steroids by just going to the nth degree, being like let me just update your tool and give away more for free. I now get 3 times the brand grace over 300, 000 visitors a month from people looking for Ubersuggests than I do from people looking for Neil Patel, those brand queries help skyrocket your rankings. You got to build a brand. Every time I grow my brand craze I noticed that my rankings for all my terms like online marketing pop up on the top of page one.
It’s not that I try to build more links or any of that. It’s I focus on brand queries. It’s that powerful So here’s some tips, emails are still effective, push notification in combination with email marketing is really good. Combine that with Messenger bots then you’re really doing well, right? Which was the next one.
And then you want to use tools like Google Correlate to help you figure out what people are looking for that’s similar to your keywords. So for example, if I’m in the hotels, hospitality industry I want to see what other things people are looking for. Google Correlate shows you all the other relevant keywords with similar patterns. Make sure you have content on all those keywords.
That way you’re helping people out, because if you’re helping people out, what do you think it does? It helps build a brand. Putting people first is a right thing to do. Just like when Eric and I threw this event, we’re debating we both decided we wanted to do it for free, why? cause we’re like, let’s help people out. We didn’t do it to try to close revenue.
We didn’t do it to try to generate business or anything. We’re just like, this’ll be fun. Let’s just help people out, people helped us. And yeah the positive side is it may help us increase our brand.
Not by a ton. I don’t mean to be in a rude way with 200 max people. It’s not going to skyrocket our brand but it’s about just giving and helping. And if you truly enjoy that in whatever you’re doing it’ll help build your brand as well.
But that’s a side effect. It’s like people saying, I want to make money. You don’t make money by making money. You make money by helping people and help them solve their problems.
Put other people first and eventually you will build a bigger brand and nutrition Secrets as we started doing all this stuff our branding started going up and we started doing better getting hired rankings, more pages. And that’s how we continually climb. But traffic and all this kind of stuff is great, but it’s not everything. Semrush showed one of my past startups Kissmetrics I think we raised like 17 million bucks for it.
It didn’t turn out well, I bought out the domain name from the investors for 500, 000 bucks and then redirected the traffic. And then they recently did assets sell. Now I had good traffic, my competitor Mixpanel who copied my product at the beginning, they even had a tech crunch article showing similar screenshots had roughly one third of their traffic. They raised money at an $865 million valuation.
What do you think we were worth? I’m the traffic guy. I’m getting all this traffic. I’m beating them. What do you think we were worth? Anyone want to take a guess? You can be honest.
Won’t hurt my feelings. You can say something good or bad. Take a guess. You’re a management consultant, what do you think? – 15 million – More than 15 cause we raised 17 but, (audience laughing) technically not when I bought the domain name but we were worth roughly 0.
1 that technically not even 0. 1 that so maybe one 15th, one 20th. That’s brutal, right? Think about it, I’m a marketer. I’m on cloud nine, getting all this traffic.
It shows you traffic isn’t everything. And I realized at that point, the real formula to success especially in the future is traffic plus conversions cubed equals success. The more you focus on conversions the better off you guys are going to be. I’m hammering that so much because I know in a year you guys won’t be able to do a lot of the marketing techniques that you’re using right now.
Unless you focus on conversions which gets into fact number four, conventional CRO techniques won’t work well, interactive quizzes. I use a lot of this stuff on the Neil Patel site. It gives you some conversion lifts. I even leveraged two sub checkouts for e-commerce.
I even do popups that are like, do you want more traffic? Yes or no? If you click, yes. You’re going to get a guy that teaches you how to get more traffic if you click no, what do you think you get? No, if you click, no, I’d be like, congratulations on having massive traffic. Now let’s help you double your conversion rate, but in your name and email, funny enough, that actually works really well. It’s kind of creative.
So what’s wrong with all the tactics I mentioned? Pop ups, all this stuff. They’re not bad, but what’s wrong with them? – [Man] They are annoying. They’re annoying that is true. They still work, but they’re annoying.
I hate them, but they’re annoying. What else is, what’s the issue? You see them everywhere and because you see them everywhere. Do you think they work the same that they did five six years ago? No, the effects were not, personalization is a new conversion rate optimization. It’s all about personalizing the experience.
So here’s the example. Now, I operate my day in which I have a few companies and there’s a CEO in place of a lot of these companies. They’re starting to use tools like Intercom and I’m not saying this because Intercom’s a sponsor. This was actually did the opposite once Eric and I someone told us, you need he’s like, why are you guys putting your money out of your own pocket for the event? Why don’t you get a sponsor? And Eric and I were like, that’s a smart idea.
We’re really stupid for not thinking of this. That’s was really what happened, am I right Eric? We were just like, we’re like, how much should we each spend 20, 30 grand each. And then you knew like you guys are dumb a company will give you the money. We’re like, oh my God, you’re brilliant.
Where’d you come up with this? He’s like, every conference does this and we’re like, oh yeah. So when we look at a lot and you can use any tool you guys want out there it doesn’t make a difference to me being honest. But when you start personalizing that experience to start chatting, you’ll notice that you can adapt what you do to each person. Whether you do that through Facebook Messenger bots what do you do it to Thrift, intercom.
The big point I’m trying to make is you need to start creating personalized experience for every single person. That’s where we’re seeing the conversion lifts because then you’re getting data on everyone. And you’re seeing the lead type, the quality what they even thought about your conversation. If they rated that as amazing conversation do you think you have a higher chance of converting that person? Of course, if they start asking you through chat about pricing and how they sign up, you can tailor your messaging and your content totally different than if they asked you, how do I use your product? That would be more support or why should I buy you or use you over the competition? You need a personalized, everything.
Chat is now responsible for 28% of our sales. You need it from Nextiva. I believe his Chat is responsible for roughly a third of his sales, one third. We’re even seeing it help with e-commerce.
You guys need to start using it but don’t just rely on things like Intercom for chat. You need to go above and beyond that. You need to start leveraging product tours. And I know this whole stigma out there, like, oh product tools early for SaaS companies and when people log in I’m going to show you something different.
Here’s Google, what do you think is on the right, right there? That’s a functionality of a product tour. Them trying to get you into more features, more reports more sections of Google’s products and platforms. Here’s something within their Gmail app. Did you know you can also schedule a set notification? That actually happened on my phone.
My designer I’m like who designed this makes us look pretty. He gave me one with a ghetto iPhone cause he’s like, you’re too cheap to get a real iPhone. I still have an old school iPhone, I’m looking at my pocket. I still have like a really old iPhone so he’s like you get the design of an old iPhone until you upgrade.
So I was like, okay, I don’t want to spend the money. But even then they’re doing product related stuff. So check this out. This is animated on the checkout page.
Check this, you see that moving part on animation that’s examples of how you can use product tours on things like checkout pages and lead forms. Isn’t that slick? No, the conversion rates go through the roof. When we started doing all this and started testing this, conversions lifted by 13%. So you start combining all these little things you’re not going to get one thing that grows your sales by 50%.
But we start combining all these little things what do you think this allows you to do? Spend more on paid ads as Google increases their prices as Facebook increases their prices and they’re not increasing it for the sake of it. They’re increasing cause more people are jumping on and you’re competing with more people it’s supply and demand. Fact number five, to win you’ll have to think like a winner. What do these people have in common? Michael Jordan, Mark Zuckerberg, Michael Phelps.
Other than their names start with an M. (audience laughing) Yes, they all want to win. They actually all have won. Two of them are billionaires.
Michael Phelps is amazing, talented swimmer. He’s Aussie like Ryan, is he Aussie or he’s American? No, he’s American, my bad, he’s not Aussie, right? They all have coaches and mentors who helped him get to where they are today. You need to invest in mentorship. It doesn’t have to be paid this is a free event.
You can go to other free events, you can listen to a podcast. Eric has this podcast called Growth Everywhere where he’s interviewing people and they’re reviewing their revenue numbers. That’s one of your competitors you listen to it. You can figure out how they grew and you can copy some of it.
Look, if you’re going to climb Mount Everest would you just fly over to Nepal climb to the top and get there? No, you’d probably die. You’d get a Sherpa to help you on and do your training. The same goes with anything you do in marketing and business, go read articles. Find people who can help you out again you don’t have to pay for it.
There’s a lot of free stuff online. The reality is marketing never stops. What works today may not work in the future. So the best approach is to continually test and keep learning.
You’re going to be overwhelmed by the information and you know what? Just go after the low-hanging fruit. Try one thing, if you’re going to take one thing away from this presentation, try some CRO stuff. If you don’t, you’re going to get beat by all your competitors in the few years probably in 12 months because that is where the market is going is so competitive. Everyone’s raising money to pile on marketing skills, are using Reid Hoffman’s concept of Blitzscaling, spend money at all costs to generate revenue even if you’re not profitable, it screw you up the margins for most of the companies, you need focus on conversions.
There’s three types of people those who make things happen, those who watch things happen and those are wondering what just happened. Be the person who makes things happen. Thank you guys for attending later, we’ll get into Q&A during our marketing school live.