Biggest Marketing Hack for Businesses
Summary
- When we acquired a business, we learned that it primarily relied on Facebook and Instagram ads for traffic.
- About a year and a half into our investment, we noticed marketing costs spiked and leads dropped, which signaled a problem.
- We discovered that the previous founder had been creating YouTube content and had been the face of the business, which we initially overlooked.
- It turned out that roughly 95% of purchasers had viewed his YouTube videos before scheduling a call with the company.
- From this experience, I learned content creation is vital for a business, regardless of who makes it.
- Producing content like YouTube videos can significantly decrease marketing expenses and increase the number of leads.
- Additionally, content creation contributes to growing the lifetime value of customers by building a connection before they even interact with the company.
Video
How To Take Action
- Start creating content that showcases you or your business like YouTube videos.
- Make sure this content is interesting and helpful so that it can make a real connection with viewers.
- Don't worry about who makes the content, just focus on that it represents your business and values well.
- Keep an eye on your marketing costs and the number of leads you're getting to measure the impact of your content.
- Remember, this can be a cheaper way to reach people compared to paid ads.
- Watch how your relationship with customers grows when they learn from your content before they buy anything from you.
Quotes
"All of a sudden the cost of marketing started getting really high and they were not getting as many leads"
– Leila Hormozi
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"Something that we didn't know that the founder had been doing that they stopped doing because they didn't know how important it was"
– Leila Hormozi
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"He actually would make YouTube content and he was also the face of the business"
– Leila Hormozi
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"Something like 95% of buyers had watched his YouTube videos before they booked a call"
– Leila Hormozi
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"It's undeniable the evidence that it will make your company better"
– Leila Hormozi