Let's rock and roll.
Okay.
So Adam, you're 22.
Want to build a multi-million dollar business.
Should I start now, fail forward, and learn on the way?
Or spend money to choose building skills, cash, and clarity?
To me, those are one and the same.
Like, you will build skills by failing.
So I would try and do stuff.
Like, just being real.
Like, do stuff.
Learn from it.
And if you can make money while you're doing it, great.
I think that for many people, one of the like a huge leg up that you can have is working one to three years in the industry that you want to get into.
Like I think there's just there's huge upside there, because you don't even know what you don't know.
And you learn so many, like, default ways of operating.
Because when you have to, I'll give you an analogy.
So imagine you've got a pile of bricks, right?
So you've got this pile of bricks.
All right, let's say that these bricks represent stuff that you can use to build.
This is going to be a terrible pile of bricks, but whatever, okay?
And someone says, go build me a building, right?
So you then try and assemble these bricks in a hundred different ways.
And the thing is, it's like if you don't have directions on how to assemble those bricks, you're not going to know what assembly is the correct one for a building.
And so the thing is is that if you have an ideal building in mind, right then there may be a few ways that you can correctly assemble the bricks to get a building, but there's gonna be way more ways to not assemble the bricks to make a building.
And so for me I'd rather just like, kind of like, if you're building a building, like you're building an Ikea desk, right.
If you don't have the directions and you have the pieces, you might eventually figure it out.
But it takes so much more time than having a model to look at because you automatically know.
You're like, okay, well, first thing I'm going to do is I'm going to separate my tools over here.
I'm going to put my screws over here.
And then I'm going to put my blocks over here.
Great.
So it's the first thing.
That's what you do.
And then after that, you're like, okay, I'm going to look at this picture.
There's got these four legs.
And you're like, all right, let me flip it upside down.
Let's put leg one, leg two, leg three, leg four.
You're like, okay, it's almost looking like a table.
But if you have no idea and you've never built a table before, you didn't build anything before, then it's way harder to do.
And so that's why I think I would recommend make money. earn and learn one to three years.
Like my first thing out of college and like college is different now than it was then, but like I did college for three years.
And then I worked for two years.
And then the next thing I did is I still didn't even start immediately.
I then started as like an apprentice at a gym because I wanted to get in the fitness business.
So I went to a successful gym owner and said, hey, can I like work for free?
Can I mop the floors?
And I was like a white collar consultant.
So I went from making, I think, I actually don't remember what I made.
I know I had $50,000 in savings.
The reason it's unclear is because I got paid on contracts.
It was very lumpy.
But anyways, he then basically started paying me minimum wage to follow him around.
But an amazing ROI for me because...
He was like, oh, yeah, like email marketing.
And I was like, what's that?
And he was like, oh, it's this whole thing, right?
And again, YouTube wasn't really like around the way that when I started doing this.
And so I had to learn the hard way.
So that being said, hopefully that helped for Adam in terms of thinking about what to do.
And John, what's up?
We on?
John.
I was going to say Alex.
Yeah, that's me.
John, what's up, man?
Tell me about the business.
So we help people with turning back into statica.
We have an online program.
Okay, so online.
Okay.
Yep.
And you help with back pay.
Got it.
That's right.
What's revenue?
And we're doing $95,000 a month.
Okay, so you're doing a million bucks a year, roughly.
Okay.
So you're doing a million a year.
Great.
So I know you're online.
Are you selling via checkout page or via sales call?
We do a DM to three-year call to sales call.
Okay, cool.
You're doing online sales people.
Okay.
Yep.
Okay, got it.
And how are you getting leads?
We have a million followers on Instagram.
Okay.
One million on IG.
Anything else?
Yeah, like 200 grand on TikTok.
Okay, cool.
Well, you've probably already seen the difference of the value of 200000 on TikTok versus one million on IG.
Yeah.
Want me to give you a quick hack to turn those TikTok people into more value?
Yeah please, yeah.
So we have found that the best call to action for tiktok, if you want to sell higher ticket stuff, is actually make the cta dm me on instagram and then put the link to your instagram.
Wow okay yeah so, like on tiktok, you can dm on instagram.
I know, but you already have your old dm team set up on instagram anyway.
So, like it works great.
Yeah cool, all right, so that's thing one great.
So what do you want to do?
What's the limit?
What's what's holding you back?
It feels like it's consistency.
So we have one sales rep and two setters.
And I want to get more sales reps, but it's just like one week will be filled a week in advance.
And then another week, we barely get, you know, an athlete to fill up one.
And then we just end up pitching on every single post.
I just feel fatiguing for the client.
So I'm curious, do we start ads?
Can we start retargeting?
Or do we need to fix something first?
How many posts a day are you putting out?
We're putting out one post a day on Instagram.
We tested two, but it's just like we really focus on we edit it for eight hours.
We make it great.
So it's one a day.
Okay.
I think you can probably make more.
I'll just put that out there.
I would 100% not believe in the mythology of like there's a platform limit.
There totally isn't.
And I pretty much stand by that on every platform.
Like Fox News puts out one.
I just looked at this.
We were calling up this morning.
Does one long per hour on YouTube.
Oh, wow.
Right.
And they do like 300 views.
Right.
And there's a Bollywood account that gets a billion views a month on Instagram and puts out 100 posts a day on Instagram.
So you have to think about it like this.
So I hear what you're saying with the fatiguing audience.
I think more realistically, you're fatiguing your editor, not your audience.
I think they're not making good enough stuff.
No, I'm being real.
I think they're not making good enough stuff.
Your audience has an insatiable demand for value.
Wouldn't you believe that in your core?
Your audience has an insatiable demand.
It's an endless pit when it comes to value and has almost no appetite for fluff and waste.
So if we have, let's imagine that this circle represents a million people, okay?
When you make a post, you're getting like 1% to 2% of your audience to actually see it, right?
And so if you make more posts, you'll just have more 1% to 2% that see it.
Okay.
Okay.
Now where your issue comes up is that when you make your call you know your direct call to action posts then it goes from like that kind of thicker dot to just like an itty bitty speck because your reach gets hammered right.
We actually do a call to action on every post, like at the end.
Yeah, and that's okay.
Well, it's not the end of the world.
Again, all that matters is like how long is the CTA relative to the post, right?
So it's usually like, are you doing a many chat integration?
Yeah. yeah yeah so how long is the cta it's like six seconds is it that's long is it pre-recorded or is it like pre-recorded then stapled on or are you making them native every time it's native but it's the same every time almost yeah so you want to swap out what the lead magnets are constantly oh okay got it right now because like why would they respond they already got it Yeah, right?
All right, so I'm going to write down little nuggets for you.
So number one, we're going to go TikTok, TikTok, DMs to IG as CTA.
Number two, we're going to make more lead magnets so that you can alternate through them.
Number three I think more content is a good idea, okay.
Number four is i think you need to lower your time, your cta time.
So i would probably i would shoot for like three seconds or less for your cta, because the thing is, it'll kill the, it'll kill the view through rate right, and then that's killing the amount of reach you're getting.
Yeah okay, and you're doing comment like book or comment whatever, and then at the end of the thing No, we actually do like for a free, static assessment and then we just basically say comment for an assessment and then we book a call with DMs.
Yeah, I mean that's also a really heavy ask.
So it might be worth considering like a cheat sheet and then a triage question.
Okay.
Because I mean like that's like the heaviest right hook you can do.
Yeah, I'll give you guys a little insight.
On one hand, like when we do ads that are like direct to workshop, that's like quote the heaviest ass, like hey, come on to Vegas right.
That's pretty, you know, it's got to have a hurdle, etc.
Now, when we have a scaling roadmap, which you may have seen ads for, right?
The scaling roadmap has lower immediate ROAS but over a 60 or 90 day window has superior ROAS to direct workshop.
In addition to that, it also has like 10 times the reach.
Because getting somebody who's a little bit like, somebody who's like yep, I want to come to a workshop, like they've already consumed, like that's almost like.
It's almost like a warm audience retargeting more than it's like an ad and a process that like nurtures, you know, prospects and then, you know, warms them up, provides value, et cetera.
And so I think if you want to broaden, Kind of like the net that you're going through, just make the ask that you have a little bit lighter.
So I think one you've got your direct.
Like if you're doing one a day, I would do like maybe two a week of the direct one and then do the remainder of them as posts that are like lead magnet centered right.
Like seven tips to fix this or whatever, right?
And you can spend, I'm sure you can spend a hundred of those things.
It's not that hard.
And then the triage question is like hey, are you here for free stuff or do you want to solve the problem for good?
And they're going to say, I want to solve the problem.
Then you're like, great.
And then you're into a sales conversation.
That's great.
And then at what point would you start retargeting at?
The thing is, okay, this will be great for everybody.
If you think about your audience as this pyramid, right?
The people who are buying from you right now are this tiny little top 1% here.
And so there are some actions that could get you to converge at a higher percentage of that 1, which means that we could make the well or the pyramid, which we would do by posting more times and making better content right.
Or we can keep that pyramid the same size, right?
And then we can move this line of what percentage we're converting and make that a little bit deeper.
When you add a sales team, that converts a higher percentage of the audience.
When you add ads, you're going to convert a higher percentage of the audience because you're just going to have your ads shown to a bigger percentage of people in that sphere, right?
Right.
And so it's almost like reaching into forward revenue and pulling it forward, which is fine as long as you're filling up the bucket.
Right.
So I would.
Right.
You get what I'm saying with that?
So you will absolutely make more money if you have a sales team and run ads.
No question.
But then you will hit another plateau and you will still be limited by the growth of your organic unless you create a true cold traffic acquisition channel, which is a different monster and beyond the scope of right now.
All right.
And so my recommendation is I would want you to double. your content.
And if you want to keep one of your, your CTAs, as cause, I don't want you to like, I don't want your business to go down.
Keep one CTA as your direct to you know, book a call, and keep the other and make the second CTA for the lead magnet and just do two a day.
That's good.
Cool.
Sounds great.
All right.
Rock and roll.
Appreciate you, John.
Awesome.
Thank you.
Yeah.
Thanks for calling Hermosi Highline.
All right.
So let's take a little... Let me look at the chat.
What's up, guys?
Okay.
So, as I build a personal brand, is it better to become an authority in a certain skill and then start posting content?
Or is it better to start posting content without being an authority in that skill?
Great question.
So...
My perspective on this, and this probably will differ from other people's, but I can only explain what I do and the kind of thinking process behind it.
I never want someone to question whether I'm legit or not.
And I think that way, and maybe it's because I just have massive insecurity, who knows.
But the reason that I tend to always start with proof, right?
And so I would rather like and if you don't have external achievements right then you need the achievements to be effort-based rather than external.
Okay,
So what does that mean?
So instead of saying, hey, I did a $100 million launch, that's an external achievement.
Everyone can see that.
Great, lots of money, et cetera, right?
I could say, I made 35,000 pieces of content.
You can control that.
Now, whether you did a good job or not is a separate thing.
But when you do effort-based achievements, it's kind of like grinder pay, right?
And so in the beginning, you don't have the money or the proof to do it, so you have to grind.
And so grind-wise, it's like I'm going to make 35000 pieces of content and document what you're learning along the way.
That's fine.
Like, that's the game.
And so that will be kind of phase one.
Phase two is be willing to work with people for free.
People spend way too, like...
I'll say this differently.
If you're getting started every single business.
To this day, I still start with free stuff because I want to get feedback from people.
I want to know what they like, what they didn't like, what their pain points are.
I want to figure out how to smooth out the process.
I want to figure out all these different things.
And me trying to guess at that on my first shot and ask people to pay me.
I'm like I don't want to do that.
I'm going to have a bad reputation.
I don't want it.
And so it's going to take you so much more time.
Think about this.
For you to get 10 customers who pay you with never giving anything away for free is going to take a long time.
You getting 10 people to start working with you for free and then using the 10 testimonials you get there to then get your 11th 12th 13th 14th 15th 16th 17th 18th 19th, 20th customer is going to take you less time to get that 10 paying customers if you do 10 for free.
First of whatever it is that you sell,
So that's my two cents.
More people doing all your stuff is not going to make you less money.
I do think though, that big big, big picture, it also kind of depends on what you're going to get into.
If you want to be... It's like, I want to be a business coach.
It's like, well, dude, just look at the people who have the most credibility in business.
They have some big, giant thing behind them, right?
I would not try and compete...
There.
I would try and compete on a much smaller pond that I can be king of.
Not even a pond, like a puddle.
Just be king of this itty-bitty puddle.
And create proof around that little itty-bitty puddle and you will find people who are willing to pay you because you are a specialist and because they have access to you.
Okay?
And I'll give you one more tidbit for those of you guys who are starting out, and then I'll take the next call.
So when you're starting out, you always have an advantage, all right?
Every position has an advantage on the board of the game.
So if you're a super baller, right?
You're a G or whatever you want to say, right?
My position is to say, don't go with Weenie McGee over here.
He's in his mom's basement and doesn't know what he's talking about, right?
I have been doing this for however many years, and look at all this credibility and look at all this proof, right?
Cool right, weenie mcgee.
Right, he's gonna be in his mom's basement and he's gonna be like don't, don't hang out with alex, you're never gonna talk to alex, there's no chance.
Right?
You're gonna be talking to someone three levels down from him and you're just gonna be a number to them.
I mean, that's what i would say.
Of course we don't operate that way, but like that's what you would say right, and so if that's your position, then you say dude, you're gonna get my phone number, and so it's not.
Am i better than alex?
Of course i'm not better than alex.
Like, own that, of course i'm not better than alex, But I am better than the third rung down on his company and you're going to get my phone number and I care about my reputation and that person doesn't.
That's where you compete.
And so that's how you can start getting a foothold, which is why there will always be room in the market for people who are new, because people who are established are going to have their position to play.
Coca-Cola Classic is going to say, we're the classic.
We've been doing this forever.
And the people who are new and upstart is like, hey, I'm a young founder.
Just try my soda out.
If you like it, tell me.
Give me feedback.
I'll try and fix it.
That's the position.
Both can win.
And for everyone who's like I don't think this will work or something like that, it's like Dude, like I was in the same position.
It's not like I'm 50.
You know what I mean?
Like I started at zero too.
And you just have to outwork, right?
And you got to say like, I'm willing to do more than those guys are.
In the beginning, people don't want to say it.
I'll do it for less.
Until eventually you have proof.
And then when you have proof, it becomes a virtuous cycle of charging more.
Okay.
Color two.
Steven, let's rock and roll.
Until eventually you have proof.
And then when you have proof, Nice to meet you.
Nice to meet you too, Ben.
I'm going to, because the team collected your numbers.
So monthly revenue right now is 54K, right?
Yeah.
All right.
And then ad spend is 3K.
That's monthly.
Yeah, per month.
I got you.
This is per month.
Great.
Ads is 3K.
Great.
Per month.
Okay.
Per month.
Industry is your medical.
What do you do?
Custom insoles?
Yes.
I'm a podiatrist.
Oh, cool, yeah.
A buddy of mine's dad was a podiatrist back in Baltimore.
Okay, the offer is insoles for 300, so this is your AOV, you call it, right?
It's 325.
I know that you're in pounds, but I'm just using writing dollars, so it doesn't really matter.
Okay, constraint is Google ads are underspent.
Okay, so you can't spend more than the 3,000 a month.
Is that correct?
Yeah.
Okay, are you local?
Yeah.
Like, are you running ads for a local business or are you running this ad spend nationally?
For a local business, yes.
Okay, you're local.
So people do that.
They come in, they get measured or whatever, and then they get insults, correct?
Exactly, yes.
Okay, got it.
So they're saying they just can't spend more money.
Yes.
Okay.
I don't know if I believe that.
How big of a city are you in?
Like, what's your 10-mile radius?
I thought he said around 10 kilometers, something like that.
But I was also thinking from yeah, maybe he doesn't have the skills just to scale the campaign, so to say.
So I am already in touch with in general our marketing agency that is already checking in with another Google Ads specialist to see if they can duplicate certain campaigns and get better results.
Yeah.
So I'll say this, Ben.
So, I mean, congrats.
You're doing, you know, 600 a year.
I would strongly recommend you learning this stuff because it's not that hard.
Like it's really not that hard, because then you're not going to like.
Right now you're saying the constraint of the business is under someone else's control.
Right.
That's a tough position to be in.
So I would want to own this myself.
And I'll tell you a story that really changed my perception.
I haven't told this story in a really long time.
So this will be a good one.
So I went to this meetup where everybody was doing eight figures or more.
And at the time, I wasn't.
And so I snuck in.
They were like, no, we think you're going to be a big baller.
Because whatever, they recognized the magic in me.
But anyway, so they let me come.
And what was really interesting is one of the guys who was making the most money in the room.
When he went up and presented, he said this really interesting thing.
He said I would encourage everyone here because someone asked him like hey, so what are you doing to reinvest in your education right now?
He said, well, at the level that I'm at, and he was making, I think, $30 or $35 million.
I remember thinking, I was like, oh, my God, this person is God when I heard that.
But he said he was making $35 million a year.
And he said I would encourage you to write down a percentage of your income, whatever percentage you're comfortable with, and put that as your learning budget.
And that learning budget.
He said you should spend that every month um, and expect to have zero roi on nine out of ten things, and then the one ten thing will make you ten times the money.
It's almost like doing a venture bet on yourself from an education perspective, and so i took that to heart.
And then i started spending saying okay, you've got your three thousand a month.
I want you steven, to do three thousand dollars a month that you control and you say, like i'm gonna spend a hundred bucks a day and i'm gonna see if i can beat this guy, because i promise you when it's your business, You'll beat them.
You'll suck in the beginning, but you'll quickly learn.
PPC for Google Ads is really not hard.
You'll definitely go as far as with it.
Yeah, and the nice thing is that, no matter what, if you spend more money on ads, you're going to make more money.
So even if you're inefficient, you'll still increase top line.
But I think that if you just try and get good and good and good at that, and then I would also reach out to whatever these other agencies are,
I don't mind spending more on this because again, the big picture is you have bigger goals than this right.
100%.
Right.
So just don't let your ego get wrapped up in your one-month or two-month profit.
That profit will be there if you choose not to spend money.
It's always there, right?
So I would want to take as much of that profit as humanly possible.
And I'm telling you how I do things.
I take all that profit and I just see that as, this is my opportunity to reinvest in the business.
When the business is small, reinvestment is you.
You're the reinvestment.
And so that's where I'm like, okay, I'm going to pay my current agency.
I'm going to pay the next agency.
And I'm going to tell both of them I want them to teach me what they're doing.
And I'm going to spend my own budget too.
Yeah.
Yeah, so that was already my plan.
So I had Justin call this afternoon with the new agency and I told him look, if we go with the Google Ads specialist, I want to have weekly calls to at least know what he's doing in the ad account so that I just can follow the guy and that I may ever have new ideas that I can just try out, but that I understand what he's doing.
Let me tweak it for you.
Let me tweak it for you.
Let me tweak it for you.
You're going to ask, how often are they going to be really doing work on the campaign?
Let's just guess it's twice a week.
I'm going to do something even better for you.
I'm going to ask that you don't even work on my account.
I'm still going to pay you.
And I want to have two calls a week, and all of the work is going to be done on those two calls.
That's it.
They don't have to do any other work for my account.
But I want to be the one who controls the mouse and I want them to tell me what to do and why they're doing it.
That's a very good idea okay, this is how i learned.
This is how i learned how to run national level facebook ads.
This is how i learned how to do it.
I hired an agency and i said i'll do whatever, i'll show whatever hours you want.
I was like but i control the mouse and you tell me what to do and i'll do it.
I recorded my screen and i would ask questions along the way and they would tell me i'd be like okay, so why are we doing this?
And then, within six weeks, i was like i get it, i don't need this guy anymore.
That's genius, cool.
Yeah, sounds good.
Sounds good.
Definitely going to start that.
Rock and roll.
Congrats on the business, Steven.
All right, what type of lead magnets or funnels do you make for them?
I'm guessing, I don't know what that one is in reference to.
Richard Ferris, okay, core question is how do you, is your PE firm, okay, hold on.
Partnered with my wife on her business.
We sell jewelry with purpose.
Natural stones.
What would be the best content to post for advertising?
We use TikTok.
All right.
Bro, what are we talking about here?
All right.
So number one, you should be on TikTok, TikTok shop for sure.
Like if you're not doing that, you should be doing that.
Number two, I'll bet you with jewelry, you probably have very good margins with it.
And you could probably pay really aggressive affiliate commissions to any other TikTokers who will repost your stuff.
And so I would look at, are there small things that I can give out for free?
I know that's heavy, but people will be willing to do it.
I don't know what revenue is right now, by the way Junior, but I would also double this on Instagram.
And I would want to do as many collab posts as I can with other influencers, with them trying on different things.
And I think the big thing that I would want to do is I want to tell the narrative.
I want to tell the story behind the jewelry.
All right, so I'll give you an idea.
Or I'll give you an example.
So if you think about selling merch, right?
Everyone has t-shirts.
There's nothing sexy about a t-shirt.
And if a t-shirt just has a logo on it, again, it doesn't really matter.
But if you say, let me tell you the story behind why this logo or why this saying is meaningful.
And so what we have to do is basically pair this commodity of jewelry with the meaning that you then ascribe to it, or the narrative or the story that you put on top of it.
And so two years ago, I did my book launch for the Leeds book.
And some of you guys might have been there.
And I sold like millions of dollars of hats, all right?
And people were willing to pay $100 essentially for a hat.
Now, obviously they got two other books and the hat was free.
But like, fundamentally that was what happened, right.
And so what's really interesting about that specific event is that I then spent like four or five minutes just saying like, let me tell you about why I wear this hat, what this hat means to me.
And so after explaining the meaning behind the hat, then way more people are willing to buy it, versus like hey, do you guys just want to buy a hat?
And so I think to the same degree, you need to do that within your content.
And you're like, well, what kind of content should I do?
Like show the jewelry, show people unboxing the jewelry, show people picking out between different kinds of jewelry, and then you telling the narrative behind each of them in terms of where was the stone sourced.
Why did you design it that way?
What does this chain do versus this chain?
What do these metals do?
Like there's so much to talk about with your content.
And don't be afraid to repeat stuff.
Just don't be afraid to repeat stuff.
And one of the really interesting things with content is that I'm gonna give a Dave Ramsey example, but like you need significantly less variety in your content than you think you do.
So think about what Dave Ramsey has done for the last 35, 40 years, however many years it's been.
He has told people to spend less than they make.
That has been his core message.
Don't go into debt.
Spend less than you make.
Cut up your credit cards.
Pay off your loans.
That's more like it.
Obviously, this is seven baby steps, and that's awesome.
But my point is this is that people still tune in every day, when they know what the message is, because they're like.
I wonder how this will apply to a stripper.
I wonder how this will apply to somebody who won the lottery.
I wonder how this will apply to somebody who's got a kid, who's going to college now and it's a good college or it's a bad college, right?
And so the thing is that you can have a single framework or single core product or concept, and the variety will just come from the examples that you use.
Cool?
All right.
Third caller is Liz.
Liz, let's get busy, Liz.
I wonder how this will apply to somebody who won the lottery.
Hello.
Hey, Liz.
What's up?
I'm good.
How are you?
Excellent.
You're on Hermosy Hotline.
So you've got monthly revenue, $600,000 a month.
Congratulations.
Badass.
Thank you.
Welcome.
Rich, you've got to buy me some jewelry from Junior.
All right.
Okay.
Ad spend is $150,000 a month.
Okay.
A little high there.
Got it.
All right.
What are your margins right now?
They didn't ask that, but what are your margins?
Well, before we started, I've been preparing for a million a month for the last three months.
And so I started building the fulfillment team.
And in the last few months, my margins have been 25%.
Okay.
But before that, it was 45%.
Yeah, got it.
So in the last few months I've been trying to scale, build a team, try to spend more on ads, have a manager.
Got it.
So that's it.
Okay, industry is marketing automation.
Okay, so who's the target?
Yeah, ManyChat Funnels.
Oh, ManyChat Funnels.
Okay, got it.
Thank you.
It makes it easier for me.
Okay, ManyChat Funnels.
Okay, great.
And then your offer is, it's for e-commerce brands.
Okay, cool.
And they got to be doing over $25,000 a month in spend.
That's their requirements?
Okay.
Yes.
$25,000 a month.
Okay, what's your price?
$6K a month.
$6K a month.
Okay.
$6K per month price.
What's churn right now?
Between 5% to 10%.
Hmm.
Okay.
Okay, so 5% to 10% churn.
Let's just use 10% to keep it simple.
So $60K.
What's gross profit on the service of $6K a month?
Well, we're breaking even in month one, and then we're starting to profit in the month two.
No, but that takes into cost of acquisition.
I'm saying what are gross profits on the service?
So how much does it cost you to deliver for a $6,000 a month customer?
About $2,000 to $3,000.
Okay, $2,000 to $3,000.
Okay.
Okay.
A little bit high, but that's fine.
Okay.
COGS.
So cost of goods sold.
Okay, great.
So what's the question?
How can I help now that I have context?
I've been struggling to double my ad spend.
So our meta ads break when we push from 5K a day to 10K a day.
So the question is should we, instead of multiple 1K a day campaigns which might be competing with each other?
They're not.
Don't worry about that.
They're not.
Don't worry about that.
That media buying mumbo jumbo.
Don't worry about it.
Doesn't matter.
Okay.
Keep going.
So you want to scale your ads and they're not scaling.
Okay.
Correct.
So is one master campaign that's trading 7 to 8K a day, with one single asset and a ton of ads better than multiple 1K a day campaigns.
I have no idea.
I actually don't think it matters.
I'm being real.
My whole life, that has never been the thing that has limited me.
Say it differently.
I don't think your bidding strategy is the limitation for how your business is not getting 2 million a month.
This is why it's valuable to have properly identified constraints.
Is it creative then?
Yes, I think it's probably the creative.
How are you thinking through the hooks that you're choosing?
Well, I'm researching using ChatGPT, whatever ads I see online, what feels good, what sounds interesting,
I roll those out.
Okay.
So I'll tell you, I'm going to guess right now that that's probably the issue.
So are you familiar with the five levels of awareness?
This is Eugene Swartz.
Yes, I am.
Okay.
So you have to translate those levels of awareness to the types of hooks that you're making.
So I'm going to guess.
So if you have like a hard ceiling on your advertising, spend like once you get over a certain level, like you can't spend more.
It's typically because the nature of the hooks and the content that you're talking about only really relates to the bottom of the funnel.
Mm-hmm.
So you're talking about most aware customers who already know about your types of offer or solution or product.
Aware customers who know about ManyChat, or they know about you or they know about your offers.
So you're talking to a very, very warm audience, and so Facebook only has a very small amount of people who are, you know, doing 25000 a month and know about this specific type of product offering, and so that's the only people they're showing the ads to.
And so we have to start, like at the extreme right you would have the unaware customer who is purely you have to get them purely on curiosity.
Like, your business is losing, you know, thousands of dollars a day because you don't have this one integration.
That would be something that someone who has no idea about anything to do with ManyChat, anything to do with marketing automation, they might take the next step.
Now what happens is, as you go up funnel right, you go to higher or basically lower levels of awareness.
When there's way more people, sometimes the funnel has to change.
And so does the lead manager.
Are you just making a straight offer in your ads?
What's the funnel?
I'm making an offer to book a demo.
Yeah, too.
You're, like, you're so low on the awareness thing.
Like, that's the issue.
You have to make it easier for someone to take a step.
They don't know who you are.
Like, just saying, like, hey, book a sales call is a tough ask, right?
And so this is why, like, lead magnets and things like that make sense.
It's, like, you might need to have a longer process of breaking even, number one.
And a longer process of educating the prospect and you need to have wider hooks.
And so one of the big things that happens in like the whole marketing world is some people are like oh, lead magnets don't work, or they do work.
If you just say, hey, buy my shit, you will get higher ROAS than have a lead magnet.
But you will be very quickly capped by the amount of people who are warm.
And so you've probably heard the whole.
Like 97 of the audience isn't ready to buy right now, and 3 is
So right now you're spending all your time on that 3%.
If you want to scale this thing, you got to be able to go up.
Makes sense.
Right.
And so the hooks are going to be like how to double AOV, how to decrease your CPAs or whatever the types of language that you can make there.
And it's like six ways that you can decrease CPAs.
Now, all of them might include using ManyChat to do it.
And then people are like, oh, shit, this is really good stuff.
And if you're super hands-on, which it sounds like you are, if you're charging 6000 a month, Like you can give away all the secrets.
I promise you.
Just give away all the secrets.
It will not matter.
Give away all the secrets, all the sexiest stuff.
Put it in your lead magazine.
Put it in your ads.
Put it in your little video sales letter that you have, right?
And people are going to be like, I don't want to deal with that.
I'll just have them do it.
Yeah.
Yeah, you're right.
Cool?
Cool.
Okay.
All right.
Rock and roll.
Good stuff.
This was fun.
Let's do this again.
You bet Liz.
I just want to make sure that you're not like, here's what's crazy about this.
Cause I think this is good for everyone.
People will stay stuck at this level for like years because you keep thinking it's like a media buying thing.
It doesn't matter.
Like how you're doing your bidding and campaigns is like, we're talking about like 5% differences.
Like the things that are going to get you from, you know, 600000 a month to a million or multiple millions of dollars a month.
It's going to be strategic in nature.
