Navigating through the world of business can be chaotic. At the time of this publication in November 2023, global economic growth is expected to remain weak for an undefined amount of time.

However, certain rules of marketing remain steadfast to guide businesses towards success in any environment. These universal laws are the anchors that keep a business steady, helping it thrive amidst uncertainty and change.

In this guide, we’ll explore three laws that have proven to be the cornerstones of successful marketing. These are practical, tried-and-tested approaches that have empowered businesses to overcome challenges and flourish, regardless of external conditions. By mastering these principles, businesses can turn adversities into opportunities, ensuring growth and resilience in any market landscape. Let’s uncover these essential laws that pave the way to success in the unpredictable world of business marketing. Oh yeah, and don’t forget to integrate these insights into your career. Follow the implementation steps!

Law 1: Success in Marketing is a Marathon, Not a Sprint

Navigating the tumultuous seas of digital marketing necessitates a steadfast ship, fortified by a strategic long-term vision. It’s a marathon, not a sprint.

Take Apple, for instance. The late ’90s saw them on the brink of bankruptcy. Instead of grasping at quick, temporary fixes, Apple anchored themselves in a long-term vision. A vision that didn’t just stop at survival, but aimed for revolutionary contributions, resulting in groundbreaking products like the iPod, iPhone, and iPad.

In a landscape where immediate gains often allure businesses, it’s essential to remember that these are transient. A focus merely on the immediate returns leaves businesses scurrying on a hamster wheel, chasing after fleeting successes, but never really moving forward.

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A long-term vision, however, acts as the north star, guiding businesses through immediate challenges while ensuring sustainable success and consistent growth over time.

Consider This Analogy: 

Building a business is like growing a tree. Initially, it requires nurturing, patience, and consistent care. But with time, the tree grows, becoming strong and robust, offering shade and fruits—transforming the landscape. The same goes for business. A vision, perseverance, and a long-term strategy are the nutrients that allow it to flourish, creating a sustainable presence in the market.

Implementation Steps: 

• Begin by planning a content calendar focused on delivering consistent value over the next six months. 
• Ensure regular reviews and necessary adjustments to your long-term goals, keeping pace with evolving market trends and demands. 
• And don’t forget the foundation—invest in robust systems and ongoing training, laying down strong roots for sustainable success in the ever-changing digital marketing landscape.

Law 2: Survey, Listen, and Serve

Effective marketing hinges on understanding and responding to the customer’s needs and preferences. A robust, customer-centric approach helps in shaping products and services that resonate with the audience, enhancing overall satisfaction and loyalty.

Take Netflix, for instance. Netflix’s evolution from a DVD rental company to a streaming giant is a compelling illustration of a customer-centric approach.

Their transition wasn’t just a technological upgrade; it was a strategic shift informed by attentively listening to customer preferences and viewing habits. Netflix succeeded, while competitors such a Blockbuster haid their blinders on.

Here are some keystone insights when considering how to Survey, Listen, and Serve…

Customer Satisfaction & Loyalty:

Surveying customers is essential for gauging their satisfaction. When customers feel heard and valued, it fosters loyalty, turning one-time buyers into repeat customers. Through customer surveys, businesses can receive direct feedback, helping to identify areas of improvement, enhancing overall customer satisfaction.

Engagement:

Engaging customers through surveys not only garners essential feedback but also makes customers feel valued and involved. It cultivates a relationship where customers feel that their opinions are appreciated and considered, enhancing their connection and engagement with the brand.

Product & Service Enhancement:

Surveys can unveil insightful customer feedback regarding products and services. This information is crucial for making necessary adjustments and innovations, ensuring that offerings remain aligned with customer needs and expectations.

Data Collection:

Surveys are instrumental in collecting demographic information. Understanding the demographic composition of a customer base is crucial for tailoring marketing strategies, ensuring they resonate well with the target audience.

Operational Efficiency:

Customer feedback can also shed light on a company’s operational aspects, such as customer service and website usability. Such insights are invaluable for making necessary enhancements, improving the overall customer experience.

Benchmarking:

Consistent surveying allows for effective benchmarking, enabling businesses to track performance over time, assess the impact of implemented changes, and make data-driven strategic decisions.

Implementation Steps:

• Regularly incorporate customer feedback mechanisms like surveys and direct interactions to remain attuned to customer needs and preferences.
• Continuously refine and adjust offerings based on customer feedback, ensuring products and services evolve in alignment with customer expectations.
• In conclusion, adopting a customer-centric approach, symbolized by surveying, listening, and serving, is indispensable for nurturing customer relationships, driving loyalty, and ensuring sustained business success.

Law 3: Build Trust in Every Interaction

In a world cluttered with countless competitors vying for your prospects attention, standing out is about more than just having a great product or service. It’s about connecting authentically, building relationships rooted in trust and understanding. It’s this foundational trust that transforms casual customers into loyal advocates, ensuring that your business isn’t just seen, but it truly resonates and remains memorable.

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For instance, let’s talk about Oprah! Through vulnerability and honest connections, Oprah Winfrey didn’t just build an audience; she cultivated a community. Sharing, listening, and interacting genuinely, she created a media landscape where trust and respect flourished. Oprah was known to make her audience and even guests cry for the first time live. She had a natural ability to build instant trust.

Here are some keystone insights when considering how to develop and maintain trust…

The Unseen Fast-Track

Trust is an unseen accelerator. It simplifies decisions, clears doubts, and fast-forwards the customer journey, turning curiosity into conviction and interest into investment.

The Emotional Guardrail

Trust is like a safety net or a warm embrace, making customers feel valued, understood, and cared for. It nurtures a positive environment, encouraging customers to return, not out of necessity, but a genuine affinity towards the brand.

Implementation Steps:

• Real Stories: Share testimonials and experiences, both shiny and shaded, to build credibility and show authenticity.
• Open Conversation: Encourage and welcome customer feedback and discussions, facilitating a two-way conversation that fosters understanding and improvement.
• Community Engagement: Actively participate and engage in community or industry events, align your brand with genuine causes and values, promoting real connections and trust.

Navigating through this law involves cultivating a space where authenticity leads, trust blossoms, and genuine relationships flourish, engraving a memorable brand story in the hearts and minds of the customers.

Guarantee Your Success With These Foundational Laws

Navigating through the world of business is a demanding odyssey that calls for more than just adaptability and innovation—it requires a solid foundation built on timeless principles. In our exploration, we have just unraveled three indispensable laws that stand as pillars supporting the edifice of sustained marketing success, enabling businesses to sail confidently through the ever-shifting seas of the marketplace.

Law 1: “Success in Marketing is a Marathon, Not a Sprint,” advocates for the cultivation of a long-term vision. It is about nurturing a resilient mindset focused on enduring success rather than transient achievements. Like a marathon runner who paces themselves for the long haul, businesses must strategize, persevere, and adapt, ensuring sustained growth and innovation. The embodiment of this law is seen in enterprises like Apple, whose evolutionary journey is a testament to the power of persistent vision and continual reinvention.

Law 2: “Survey, Listen, and Serve,” delineates the roadmap to a business model deeply intertwined with customer insights and responsiveness. This law emphasizes the essence of customer-centricity, urging businesses to align their strategies and offerings with the preferences and expectations of their audiences. It’s a call to attentively listen, actively engage, and meticulously tailor offerings to resonate with customer needs, forging paths to enhanced satisfaction and loyalty.

Law 3: “Build Trust in Every Interaction,” underscores the significance of building genuine, trust-laden relationships with customers. It champions the cultivation of a brand personality that resonates with authenticity, fostering connections marked by trust and mutual respect. This law navigates businesses towards establishing themselves as reliable entities that customers can resonate with, rely on, and return to, enriching the customer journey with consistency and sincerity.

These pivotal laws form the cornerstone upon which businesses can build strategies that withstand the tests of market volatility, competition, and evolution. They stand as unwavering beacons guiding enterprises towards avenues marked by not just profitability, but also a legacy of value, integrity, and impactful contributions to the marketplace. Armed with these foundational laws, businesses are empowered to navigate the multifaceted realms of the business landscape with confidence, clarity, and a strategic vision poised for lasting success and remarkable achievements.

Oh yeah! And do you know Newton’s Law?The law of inertia, also known as Newton’s first law of motion, states that an object at rest will stay at rest, and an object in motion will stay in motion… The choice is yours. Take action and integrate these laws. Get in motion!

The post Mastering The Laws of Marketing in Madness appeared first on DigitalMarketer.

Recognizing the immense value this group brings to my business, I’m eager to contribute by sharing my unique “Holy Grail Copy” methodology. This approach, though unconventional, has been pivotal in building multi-million-dollar businesses for both myself and my clients.

To pique your interest, someone once said about my frameworks:

“Your strategies are like Hansel and Gretel’s breadcrumb trail leading to the Witch’s House. But in this case, you’re the witch, and what you conjure is pure magic.”

Let’s dive in.

A few years back, I sold one of my companies internally. This move allowed me to amalgamate my diverse passions into a singular, powerful persuasion strategy. When I unveiled it last year, we observed:

• $383 per email subscriber.
• $209 per FB Group Member.
• $1.83 EPC, while the industry average was $0.53.

These figures are far from ordinary. And here’s the secret behind them:

Introducing Holy Grail Copywriting (HGC):

HGC’s core principle is “Start at the Finish Line.” In perception management, you can strategically position yourself within your prospect’s hierarchy of needs. By aligning your product with their most pressing desires, selling becomes effortless.

The 5-Step HGC Process:

1. Identify Your Prospect’s Most Pressing Pain:

While basic marketing emphasizes targeting pain points, it’s crucial to differentiate between passive pain (complaining without action) and active pain (which drives action). The key is to focus on the latter.

Differentiate Between “Moaning” and “Moving” Pain: Understand the spectrum of pain. A stubbed toe is Moaning Pain, a mere inconvenience. In contrast, the urgency of a severed thumb is Moving Pain, demanding immediate action.

Apply the DUG Checklist: Grasp the essence of the DUG checklist, a tool to categorize pain into:

• Desperation: A situation so dire that immediate action is the only option. Example: Think of a business owner teetering on bankruptcy’s edge.
• Urgency: An imminent threat that demands swift action to prevent dire consequences. Example: Picture a smoker discovering early signs of lung cancer.
• Gravity: Deeply held values or priorities that might override other considerations. Example: Visualize a parent prioritizing their child’s needs over lucrative opportunities

2. Tailor Your Product to Alleviate That Pain:

Understand what relief from this pain looks like for your prospect. Then, either create a product or reposition your existing one to offer that relief.

• Craft or Reposition Your Product: Determine the ideal solution for the identified Moving Pain and ensure your product aligns with that vision.
• Introduce Novelty: Unexpected solutions to pressing problems are often the most enticing. Always introduce an element of novelty to stand out.

3. Infuse Your Product with Unique, Attractive Qualities:

Creating allure in a product is an art. At its core, allure is about evoking emotion, creating a connection, and making a product more than just a tangible item—it becomes an experience. One of the most potent tools to achieve this is storytelling. Stories have the power to breathe life into otherwise mundane products.

• Identify Popular Cultural References: Draw inspiration from powerful symbols like the Infinity Gauntlet.
• Integrate Psychological Triggers: Weave in elements of storytelling, unique mechanisms, and shared values.

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4. Use a Religion-Inspired Persuasion Sequence:

Religions have, for millennia, captivated the human spirit. It has an astonishing 83% penetration rate. They’ve done this through powerful narratives that touch upon the very essence of human existence, desires, fears, and aspirations. At the heart of many religious texts is a sequence that resonates deeply with believers: Sin, Salvation, Heaven, and Hell.

• Sin (The Problem): This represents the pain or problem your prospect faces.
• Salvation (The Solution): Here, you introduce your product as the answer.
• Heaven (The Benefits): This is the promised land, the utopia that awaits.
• Hell (The Consequences of Inaction): The bleak future that awaits if the problem remains unresolved.

5. Promote Your Product Using Diverse Marketing Angles:

With AI now optimizing ad performance, the key is to provide it with diverse data. I use the TADA Template, which helps generate multiple ad angles based on dominant human emotions. This approach allows for rapid testing across various channels.

In summary, Holy Grail Copywriting is about creating a magical “escape from moving pain” novel product, pitching it via religious persuasion sequence and shouting it loud via an infinite angle approach on paid and social media.

So there you go. Hope it helps you make a mint!

I hope this enriched perspective proves invaluable to you. If you want to find out how Holy Grail can best be deployed in your business, please email my assistant with the subject line “HOLY GRAIL!” here: john.holygrailoffer@gmail.com

The post Holy Grail Copywriting: The 5-Step Mental Model Behind Blockbuster Marketing Campaigns appeared first on DigitalMarketer.

As a marketing pro, you know how tough it can be to capture the attention of potential clients and keep them. There are more than 10,700 digital advertising agencies in the U.S., giving business owners a lot of options. So, if you want to stand out, you need to be more than an expert in digital marketing. You need to be an expert in marketing science.

If you’ve spent years promoting your agency as the go-to for all things digital marketing, this can be a hard pill to swallow. But the fact is the landscape has changed. To be successful, you have to position yourself as a true marketer—who happens to love digital marketing. 

Why Digital Marketing Expertise Isn’t Enough

No marketer wants to hear that their digital marketing expertise isn’t enough. I get it. You’ve likely put a lot of effort into studying proven frameworks, staying on top of trends, and even recruiting top talent for your agency. And chances are, that effort has paid off. However, having an agency adept at digital marketing won’t bring you to the pinnacle of success—not without marketing science savvy.

Here’s why…

• Digital marketing has been around for a long time. 

Although digital marketing has evolved, it’s not a new concept. The history of digital marketing spans more than 30 years. In fact, the term was introduced back in 1990, around the time the first search engine (Archie) was launched. 

In short, everyone knows about it by now. And many agencies are doing it. Unfortunately, that means your digital marketing know-how isn’t anything novel or unique. 

• Business owners get digital marketing (for the most part). 

Today’s business owners are more knowledgeable about digital marketing. Of course, they don’t necessarily have a clear grasp of it. And there are still plenty of marketing misconceptions out there. But research shows that 47% of small business owners handle their marketing efforts themselves. So, it’s fair to say they get it—more or less. 

In most cases, potential clients aren’t impressed by an agency’s ability to handle social media, implement SEO tactics, manage paid advertising, etc. They’ve heard it all before. Even if you can do it better, that may not be reason enough to outsource to your agency. 

• Marketers have to work extra hard to earn respect.

DigitalMarketer’s own Mark de Grasse has talked about how marketers don’t get the respect they deserve, and it’s true. As marketers, we have to work harder than other professionals to demonstrate our worth and prove we know what we’re doing. Claiming digital marketing expertise—even if you do have it—just won’t cut it. You need to have broad marketing knowledge and use marketing science to back up your recommendations. 

• Tools and tactics change, but the principles of good marketing don’t.

As touched on previously, digital marketing is constantly evolving. New tools and channels are constantly being introduced, resulting in new tactics to adopt. But if you focus too much on what’s changing, you lose sight of what doesn’t. Being on top of every new “shiny object” doesn’t matter much if you can’t follow the principles of good marketing. And that only comes with an understanding of marketing science. 

What Do We Mean by Marketing Science?

Many believe that marketing is both an art and a science. And they’re right. But for now, we’re focusing on the latter. After all, it’s the piece of the puzzle your digital marketing agency is likely missing. 

There are several different takes on marketing science out there. But when we talk about it, this is what we mean…

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Making Decisions Based on Data—Not Guesswork

Those who embrace marketing science know that data is key. That doesn’t mean a marketer’s knowledge and experience should be tossed aside. However, data should play a critical role in decision-making.

Leveraging data just makes sense. 

• It allows us to see what’s working and what’s not. 
• It provides valuable insights that help us answer tough questions.
• It ensures we’re making the right decisions for each client.

Science-driven marketers are skilled at compiling, analyzing, and interpreting data from various sources. They apply their findings accordingly, using facts and figures to support their choices. As a result, they can serve their clients better—and with more confidence. 

Applying Techniques from Other Disciplines

Digital marketing can be bolstered by other practices. Science-driven marketers know that. They see the value in disciplines like psychology, sociology, economics, and neuroscience (the last of which is combined with marketing to create neuromarketing). That’s why they look at research from those disciplines to see what they can leverage. Then, they apply techniques to make their marketing efforts even stronger. 

Conducting Well-Designed Experiments

Experts in marketing science realize that experimentation is essential to improvement. After all, you can’t ensure the best result if you don’t do some testing first. So, they conduct experiments using the scientific method to determine if their initial choice (or hypothesis) is correct. 

The most successful marketers tend to be those who are constantly testing. On a granular level, they create different variations of assets, analyze the data, and make improvements as needed. They view every test as a source of valuable information and use it to their clients’ advantage. 

Using Technology Wisely

True marketers who understand the science side use technology to their advantage. They don’t get hung up on every new tool that arrives on the scene. Instead, they conduct in-depth research to create a marketing technology stack that benefits them and their clients. 

At the most basic level, they find technology to assist with the following:

• Data tracking
• Automation
• Keyword research
• Model building
• Wireframing

Although most marketers understand the importance of marketing technology in serving their clients, scientific ones don’t suffer waste. They only invest in tools that will enhance their efforts. And they strive to get the most out of each one they use. 

Taking a Holistic Approach to Marketing

There are many different facets of marketing—social media, paid advertising, SEO, email, copywriting, web design, etc. But science-savvy marketers don’t see them as individual pieces. Instead, they view them as parts of a much larger whole. They know that each one contributes to a business’s online presence. 

That’s why they take a holistic approach. 

They ensure consistency in all assets across all channels, connecting them for maximum impact. Every part is working together to promote the client’s business. More than that, every team member is doing the same. 

How Marketing Science Yields Success for Agencies

When you’re an expert not only in digital marketing but also in marketing science, you position your agency for success. It helps set the stage for being known as unique and smart.

Here’s how…

• You can frame your agency as an authority in the space.
• You can demonstrate your understanding of marketing as a whole. 
• You can encourage your team to start thinking about the big picture. 
• You become more strategic in marketing for each individual client.
• You can provide proof that your efforts are yielding results. 
• You can gain a competitive advantage over tactical marketers.

Ultimately, it doesn’t just make your agency better. It makes your agency appear better to current and potential clients. 

Takeaway

These days, digital marketing expertise isn’t enough to stand out from the crowd. If you really want to take your agency to the next level, you need to embrace marketing science. You need to show you have what it takes to build a business, develop a brand, and achieve long-term results. By convincing clients you’re a true marketer who offers digital marketing services, you’ll have an easier time acquiring and retaining them.

The post How Marketing Science Yields Success for Agencies appeared first on DigitalMarketer.

Are your Facebook Ads strategy ready for Black Friday? 

This is THE time of the year when shopaholics are hunting for the best offers, so you need to make sure your Facebook Ads and Instagram Ads campaigns are ready to attract hungry buyers. 

So, do you have your Black Friday Facebook Ads strategies all planned out? No? Well, you’d better get on that, because the big day is just around the corner! 

With so many changes to how we advertise on Facebook and Instagram in a post-iOS world, the Meta algorithm is going through some growing pains of its own. So, how can you be sure you’re setting your ads for success? Well, we talked to ACTUAL engineers at Meta and created a checklist with everything you need to have your target audience open their wallets for you!

7 Meta Tips & Updates You Need to Know BEFORE Creating Black Friday

#1. 20 is the New 50

Everyone has heard that an ad set needs at least 50 conversions in a 7-day period. And yes, that was true a while ago, but now things have changed. 

In the past, the Facebook Ads Learning Phase ended when, in a 7-day period, an ad set reached 50 events (whether it is conversions, lead gen, landing page views, etc). However, the Meta Ads Manager has evolved and improved. Now to exit the learning phase for optimization, your campaigns need 20 completed events in a 7-day period.

What does that mean? 

Now, a campaign can leave the Learning Phase after it reaches 20 events, again, depending on the objectives you select. The algorithm will gather data until that time to help you make better decisions in a simplified, quicker way, and make it easier for you to be successful on the platform. 

But what happens if my campaign doesn’t achieve that goal? Then, after the 7-day period *and not a minute before*, you can edit your campaign to optimize it! The algorithm will still learn based on successful events, but to hit true Meta Ad success velocity, you’ll want to consider increasing your budget so that you can achieve the 20 events Meta needs your campaign to hit for optimization in a 7-day period.

#2. Keep Your Cold & Warm Audiences Separated

Let’s think of our cold and warm audiences like a dating process. 

Cold traffic is like when you’re interested in someone you don’t know and want them to swipe right back at you. Your profile pic and information is all they have on you to make a snap judgment decision on whether they’ll engage in a convo and maybe give you their number.  

This is the same for an IG ad. They have 1-3 seconds MAX to decide whether or not your ad is worth ‘swiping right’ via engaging with your content by stopping their scroll. 

Meanwhile, our warm traffic is geared to those that have already engaged with your profile and is either mid-convo or mid-first date. Like a Facebook ad, you’ve already captured their attention, and now you’re ‘courting’ them. Asking them to get to know you more and ideally make some sort of commitment. With dating, you’ll want to ‘make it official’ and with ads you want that lead or purchase! 

They’re totally different, right? 

• Cold Traffic’s primary goal is to get them to swipe right or engage with your content (and maybe purchase!)
• Warm Traffic’s primary goal is to get them converted into being Facebook officials by subscribing to your list and actually purchasing a product

When you blend warm and cold audiences in your campaigns, you’re giving the algorithm the chance to favor warm audiences as they’re more likely to convert to a more cost-effective bidding strategy. This means, using our last example, that it’s more likely for someone that already had a first date with you to say “yes” to a second date because they already know you. Thus slimming down the chance of new swipes showing up on your feed.

Taking this into account, at the top level of your campaign, for cold audiences, you’re teaching the Meta Ads algorithm which cold audiences are yielding conversions. A successful conversion sends a signal to the platform to find more humans like the user who just converted. 

When you’re using cold audiences in a campaign, and excluding warm ones, you’re forcing the platform to find new people *aka people that don’t know anything about your product/service* that will make the desired conversion event.

Should you blend the audiences and include warm audiences in the campaign, Meta will favor the warmer audience time and time again because an abandoned cart purchaser is more likely to convert than someone who doesn’t yet know, like, or trust your offer. 

And Meta is always optimizing for the easier (more cost-effective) win in their algorithm.

That’s why at Mongoose Media we recommend not mixing these audiences in the same campaign. When you throw cold and warm audiences together you’re not teaching the algorithm to specifically find new prospects, you’re asking your algorithm to find the best buyers possible, allowing it to cheat and deliver the ads to people that already know who you are. So, instead, build a campaign for prospecting and another for retargeting warm traffic. 

#3. Know What CPA You’re Willing to Pay for Your Cold & Warm Audiences

The algorithm is listening to you, so you have to tell it exactly what you want. And this applies to anything you set up in Facebook Ads, but it is especially important for the CPA.

Let’s suppose that you are willing to pay $85 per CPA (cost per acquisition) for a skincare customer, but you capped the bid budget at $75. In this case, the algorithm doesn’t have the means to know that you have more money than what you put, so you’ll be forcing it to optimize your ads for a $75 budget. Which can mean you’re limiting your audience reach to forced CPAs that fit within your lower budget. Meaning, you’re missing out on potential customers that you’d be willing to pay for but your bidding strategies say otherwise.

Why is this so crucial? Because there may be better people with potentially higher order value or propensity to purchase available to you, but because you told the algorithm that $75 is your spend limit, your ad may not reach those people. 

Bear this in mind: if your CPA is too high, it will eat into your profits. Conversely, if your CPA is too low, you could be missing out on potential customers. 

Additionally, every day we get closer to Black Friday is a day that the auction experiences additional new competitors to the marketplace and more auction pressure that you’re competing against. So, start thinking about your CPA before the big day approaches. 

{important dates graphic: September 20th, the soft pressure increase in a ‘pre-Black Friday auction’. October 15th – the unofficial kickoff for Black Friday and the D-Day for heavy auction bids. November 15th – consider using different Meta objectives cause everyone and their grandmothers are doing ads.}

And, if you’re not sure what your CPA should be, working with a qualified Meta Ads consultant can help you to set a realistic CPA for your business!

NOTE: Your WARM CPA and COLD CPA should be different.

#4. Your Ads are a Marathon, Not a Place to Bet on Horses

I know that it is very tempting to look at your ad campaigns and ads like they are competing in a horse race. But you’re not betting on a pony, you’re marketing your products or services, so there’s no rush. 

What I mean is that even though you may want to perform a gazillion changes every time you check your ads statics and something seems off, you need to let it rest! As I said above, the Facebook Ads Learning Phase covers a 7-day period; however, if you edit your ad every other day, what will happen is that the time period will restart with every change and your campaign will be stuck in the Learning Phase *sounds like time traveling, right?*. 

Plus, you won’t be giving the algorithm enough time to optimize your campaign! Simply put, let’s suppose you launched your ad on a Monday, but by Wednesday you don’t get any of the results you wanted, so you turn it off. But, what you don’t realize is that, in a 7-day period, the algorithm is working to understand your campaign, so it may take time to reach your target audience and generate conversions. 

And don’t worry! 

Everyone is tempted to edit or stop a campaign when it is not achieving what we want! In fact, at Mongoose Media we used to make that decision after a 4-day period. However, we realized that, by doing this, we were potentially wasting the effort the algorithm is making to optimize a campaign, so now we wait a full 7 days before touching anything. 

So, walk away and go back in a week… But wait, there are a few things you need to be mindful of before you sit back and relax. Here’s a quick ads checklist

• Tracking: 

For Facebook Ads to be effective, it is essential that you have your tracking set up correctly. Without tracking, you will have no way of knowing whether your ads are succeeding or failing during the Holiday season. 

• Creatives: 

During Black Friday, brands compete for consumers’ attention with ads that are often loud, colorful, and eye-catching. As a result, it’s important to make sure that your ads are designed to be thumb-stopping.

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One way to do this is to start working on your ad creatives well in advance of Black Friday. This will give you time to experiment with different designs and ensure that your advertising campaigns are truly eye-catching. 

• Winning offer

Have you already put some thoughts into your Black Friday/Cyber Monday deals? It is important to craft a must-click offer that your specific audience is going to love. 

Remember that Facebook, unlike Amazon, is like walking into the mall during the holiday season. There are a lot of options you can pick and different offers that sound appealing, so, with many competitors out there, it is important to create deals that really persuade your audience!

• Work within a comfortable budget

Have a budget that you’re comfortable spending daily with a long-term goal of success. If you’re coming to Meta ads for a silver bullet, a single solution in your company’s bottom line, you better have a budget to back up the investment for data and the algorithm to find your target audience.

Meta Ads are great to-scale offers that work and as a discovery tool for new audiences. When Meta Ads stand on their own without a cohesive marketing plan for omnichannel remarketing, subscriber engagement, and more, expect to pay high acquisition costs to cover your marketing gaps. 

{Meta Ads on a CVJ image? Meta ads drive awareness, meta ads help subscriber acquisition, Meta Ads can drive excitement and loyalty, but Meta Ads aren’t Atlas, holding the weight of the company alone – that’s my graphic recommendation…. People think Meta Ads are the Atlas holding the world, but instead, it’s the offer that’s atlas and Meta is the muscle on the one bicep only}

#5. The Algorithm Assumes the Data is True

This may sound like a no-brainer, but it is important to understand that the algorithm can’t read your mind, so it learns from the data you give it. 

That’s why it is so important to be mindful about what you tell it. From your target audience to your ad spend, that algorithm will take everything you put as a fact and, if you’re not careful, it can affect your campaign negatively.

#6. Advantage+ Placements & Advantage Campaign Budget & Why They Matter

Placements are also known as the different platforms on which Meta can show your ad. An example of this is running your ads on Instagram, Facebook, or Messenger.

In this case, choosing multiple placements is a great idea if you want your ads to reach your target audience across different platforms. Meta’s platform is going to try and serve your ads on the placement your targeted audience is most likely going to engage and convert.

Taking this into account, by using Advantage+ placements, you’ll be allowing Meta to find the best conversion opportunities for your ad in all the placements.

This not only will help you to get the optimization events at a low cost (because Meta’s delivery system will analyze the data from all available placements and choose placements that are both cost-effective and high-performing) but also will help you make the most out of your campaign budget!

Another way of automating your campaign is by using the Advantage Campaign Budget. This is a feature that allows Meta to distribute your budget depending on the placements where each ad set will get the most optimization events at a low cost. 

With both features, you can make sure that your budget is effectively invested, Advantage+ placements and Advantage Campaign Budget are godsend help during the Black Friday season

#7. Advantage+ Shopping Campaigns

If you were looking for a way to increase your campaign’s performance without having to stick to your computer 24/7, the new Advantage+ Shopping Campaigns, launched on August 15, 2022, is quickly becoming my favorite new roll out from Meta. This new Meta product can automate an entire ad campaign with machine learning, so you can focus more on the general aspects of your online store and less on managing campaigns.

Just imagine being able to automate EVERYTHING from creatives and placements to audiences. With Advantage+ Shopping Campaigns you can maximize your ads’ performance throughout the Black Friday weekend (and beyond) without all the manual work it used to require. 

Advantage+ Shopping Campaigns allow business owners and paid media buyers to use AI to automate a campaign from end to end and make the best out of their ad budget by finding the best placements in which your ad will get the most conversion events at a lower cost.

And, if that wasn’t enough, this new feature can also automate creatives to analyze which ones are more effective in a specific audience! 

Finally, if you have a Facebook or Instagram Shop, Meta is using AI to drive traffic to the most converting destination for your eCommerce store. Either your in-platform store (FB or IG shop) or your website, depending on which one will generate the most optimization events in a certain audience! 

There’s nothing you can’t achieve with this tool and, even though it’s still in its Beta version, acting on it now will give your campaigns a lift as most other brands and advertisers aren’t taking advantage of this new campaign!

What’s the Best Time to Run Facebook Ads for Black Friday?

As soon as possible! Taking into account that you have to wait for the Learning Phase 7-day window, help the algorithm understand and optimize your campaign, and make edits if necessary, at Mongoose Media we recommend our clients to start their Black Friday Facebook Ads campaigns between July and September. 

However, this doesn’t mean that you should have launched your sale months ago! What you should have done is launch campaigns to find your audience and build a warm list.

The idea is to build a list of buyers that want your product/service and are eager to get a good deal, so you can offer them early access or another offer if they signup or register ahead of the big day. 

Why is this so important? Because even though Black Friday and Cyber Monday may seem like a weekend events, more and more people start craving good deals and offers even before November starts, so it is crucial *and cheaper* to start warming up your traffic early

But wait! If you’re reading this in October/November, that doesn’t mean everything is lost. You just need to be mindful that, when you launch your Facebook ad campaign, there’s going to be a lot more auction pressure. 

Ready to Start Preparing for a Successful Black Friday?

Planning your Black Friday campaigns with time is the key to not only crafting profitable ads that catch the attention of your target audience and persuade them to click the “Buy now” button, but it also helps the algorithm understand your brand and put your deal in front of the right people. And now you have a checklist with everything that has changed in Facebook Ads and you need to keep it in mind to set your campaigns up for success. 

Do you feel already overwhelmed with all the preparations pre-Black Friday? Fear not, you’ve come to the right place! At Mongoose Media we have a team of Facebook experts, copywriters, designers, and strategists that will help you with the planning while you worry about running your business!

So, meet with us and start your journey to a successful Black Friday Facebook Ads strategy!

The post 7 Things You Need to Do AHEAD of Your Black Friday Facebook Ads According to Meta appeared first on DigitalMarketer.

In 2023, the renowned toy company Mattel, famous for creating the iconic Barbie doll, faced challenging times amidst a competitive market. However, a recent development has the potential to reshape the company’s trajectory and revitalize its brand presence: the release of the much-anticipated Barbie movie. This article explores how this cinematic venture has impacted Mattel’s stock performance and discusses the potential implications it may have for the company’s survival.

Overview of Mattel & the Barbie Brand 

Mattel is a globally recognized toy company that has been a pioneer in the industry for decades. Established in 1945, the company quickly rose to prominence with its innovative and beloved toys. However, its most iconic creation, the Barbie doll, was introduced in 1959.

Barbie became an instant cultural phenomenon, capturing the imagination of millions of children worldwide and setting a standard for fashion dolls. Over the years, Barbie has undergone various transformations, adapting to changing times and promoting diversity and inclusivity. 

Despite these efforts, Mattel faced challenges in recent years, struggling to keep up with digital entertainment and other competitors.

Mattel’s Struggles & Stock Performance

In the early 2020s, Mattel experienced various setbacks that impacted its financial performance and stock value. 

With the rise of digital toys and entertainment options, traditional toy manufacturers faced stiff competition. Mattel’s revenues were affected as children’s play patterns shifted toward online gaming and virtual experiences. 

The company also faced difficulties with supply chain disruptions and rising production costs. These challenges culminated in a decline in Mattel’s stock performance, raising concerns about the company’s ability to stay relevant in an evolving market.

Mattel Reports First Quarter 2023 Financial Results

Mattel’s Second Quarter 2023 financial results will publish on Wednesday, July 26, 2023.

The Barbie Movie: A Cinematic Triumph 

To rejuvenate the Barbie brand, Mattel embarked on an ambitious cinematic venture – the release of a Barbie movie on July 21, 2023. The movie promised a fresh take on the iconic doll, featuring a compelling storyline and modern themes to resonate with today’s audiences.

Leading up to the premiere, even Google got all dolled up for this star studded movie of the summer, turning shades of pink for the brand’s famous color scheme. As the film hit theaters, it garnered widespread praise from both critics and viewers alike. 

The film exceeded all projections, grossing an impressive $155 million during its opening weekend in domestic markets and an additional $182 million internationally. The movie’s tremendous start was fueled by $22.3 million in previews on Thursday, making it one of the top 25 all-time preview performances and securing the highest opening of the year.

Comparing Barbie’s performance to other recent releases, it outshined the Super Mario Bros. Movie, which had a $146.3 million weekend but also benefited from a $58.2 million gross on Wednesday and Thursday, resulting in a $204.6 million five-day start.

Barbie’s remarkable Friday, combined with Wednesday and Thursday figures, totaled $70.5 million, setting a new record for the highest Friday (including previews) opening of the year.

What makes Barbie’s triumph even more noteworthy is that it boasts the best opening ever for a film co-directed or directed solely by a woman. Notably, both Captain Marvel ($153.4 million) and Frozen II ($130.2 million) had male co-directors, whereas Barbie stands as a pioneering example with a female solo or co-director.

This marks only the second time in cinematic history that a solo female director has achieved an opening weekend gross of over $100 million, with the other instance being Patty Jenkins’ Wonder Woman ($103.2 million).

The Barbie movie’s success was attributed to its captivating storytelling, stunning visuals, relevant play on nostalgia and positive messages promoting empowerment and self-expression. Not to mention all the city wide press this movie has created. 

Market Reaction and Stock Surge

Following the movie’s release, Mattel experienced a significant surge in its stock value. Investors responded positively to the success of the Barbie movie, recognizing it as a game-changer for the company’s prospects. The rise in stock value was not only indicative of renewed investor confidence but also a testament to the movie’s ability to revive the brand’s allure and profitability.

Barbie’s Appeal to Adult Audiences

The Barbie movie unexpectedly found a substantial audience among adults. Beyond its traditional target demographic of children, the film resonated with older viewers, including nostalgic adults who grew up with Barbie.

The movie’s ability to evoke a sense of nostalgia and connect with adult audiences created an unexpected marketing advantage for Mattel. This newfound appeal among adults potentially translated into increased interest in Barbie-related products and memorabilia.

Expanding Merchandising Opportunities

The success of the Barbie movie opened up new avenues for Mattel to capitalize on merchandising and licensing opportunities. With the movie’s characters and storyline capturing the hearts of audiences, Mattel had an opportunity to introduce a wide range of spin-off products and tie-ins. 

Collaborations with other companies for limited-edition Barbie merchandise, such as clothing, accessories, and collectibles, provided an additional revenue stream and reinforced the Barbie brand’s relevance.

Impact on Mattel’s Future Strategy

The triumph of the Barbie movie significantly influenced Mattel’s future strategic decisions. The success of the entertainment-driven approach demonstrated that storytelling and engaging narratives were vital components for the company’s product development. Consequently, Mattel might prioritize partnerships with filmmakers, screenwriters, and animators to create compelling content that goes beyond just physical toys.

Marketing Lessons from Mattel’s Barbie Movie Campaign

The release of the Barbie movie in 2023 marked a turning point for Mattel, reviving the company’s brand image and stock performance. The success of the film not only brought renewed interest from children but also unexpectedly resonated with adult audiences, further bolstering the Barbie brand’s status. 

With this newfound momentum, Mattel now has a unique opportunity to leverage the success of the Barbie movie to explore new horizons and ensure its survival and success in the ever-evolving toy industry.

Take Action

• Understanding the Power of Brand Nostalgia: Mattel tapped into the nostalgia associated with the iconic Barbie brand, resonating not only with children but also with adults who grew up with the doll. Marketers can leverage nostalgia by revisiting and reimagining their brand’s heritage to evoke emotional connections with their target audience.
• Effective Audience Segmentation: The marketing campaign demonstrated a deep understanding of its target audience, recognizing both children and adults as potential consumers. Businesses should segment their target audience effectively to craft tailored messages that address specific needs and preferences.
• Leveraging Cross-Platform Promotion: Mattel maximized the impact of its marketing efforts by employing cross-platform promotion. Businesses can learn to integrate their campaigns across various channels, such as social media, television, print, and online advertising, to reach a wider audience and reinforce their brand message.
• Inclusivity and Diversity in Storytelling: The Barbie movie emphasized themes of empowerment and inclusivity, promoting diverse representations of characters. Marketers can learn from this approach and incorporate diverse and authentic storytelling that reflects the varied experiences and backgrounds of their audience.
• Building Anticipation with Previews: The use of previews to create buzz around the Barbie movie generated excitement and anticipation. Marketers can apply this tactic by offering sneak peeks, teasers, or exclusive content to build anticipation for their product launches or events.
• Collaborating with Influencers and Partners: Mattel collaborated with influencers, celebrities, and other partners to amplify the movie’s reach and create additional hype. Businesses can explore partnerships with influencers and other brands to extend their brand visibility and tap into new audiences.
• Emphasizing Female Leadership: The success of Barbie, directed by Greta Gerwig, highlighted the impact of female-led projects. Businesses can embrace gender diversity and empower female leaders within their organizations, signaling their commitment to inclusivity and equality.
• Storytelling as a Central Element: The Barbie movie’s success was driven by compelling storytelling that resonated with the audience. Marketers can prioritize storytelling in their campaigns, creating narratives that connect emotionally with consumers and elevate their brand message.
• Measuring and Analyzing Results: Mattel’s campaign likely involved thorough monitoring and analysis of marketing efforts, allowing them to optimize their strategies. Marketers should invest in data analysis and performance tracking to measure the success of their campaigns and make data-driven decisions.
• Building a Comprehensive Merchandising Strategy: The success of the Barbie movie extended beyond the film itself, with a robust merchandising strategy. Businesses can learn to capitalize on their campaigns by offering related products and tie-ins to enhance brand exposure and generate additional revenue streams.

By drawing inspiration from Mattel’s successful marketing campaign for the Barbie movie, businesses can apply these valuable lessons to enhance their own marketing strategies and ultimately achieve greater brand impact and success.

The post Barbie Movie Boosts: How the Barbie Movie Redefined Brand Marketing appeared first on DigitalMarketer.

Marketing is a vital element of any SME’s operation—especially if you’re just starting out.

Marketing is a way to get your name out there, reel in new customers, convert browsers to buyers, and build a core of loyal customers who will sustain your business through thick and thin.

All in all, marketing is worth doing—and it’s worth doing well. But of course, marketing comes with its fair share of challenges, not least the fact that it can be expensive.

Many SME owners are willing to grit their teeth and pay top dollar for great marketing. After all,, marketing campaigns can have fantastic ROI in terms of profit generated. That said, if you’re concerned about cash flow, it’s worth trying to make your marketing as cost-effective as possible.

With the right marketing strategies and the best software to back you up, it’s possible to make your campaigns more efficient without spending too much. You can generate significant campaign results for relatively little outlay through clever, targeted tactics and consistent engagement with your user base.

How? Let’s take a look.

Partner with Influencers & Brand Ambassadors

In terms of marketing efficiency, influencer marketing has a massive advantage over branded posts. Why? Influencers have incredible reach and committed followers who trust their recommendations.

The best influencers are also adept at digital storytelling, enabling them to create compelling, engaging content that resonates with audiences.

That said, it’s essential that you approach the right influencer to be your brand ambassador. Pick someone likely to appeal to your target customers.

To do this, dig into your customer metrics and establish what (and who) your customers will likely find engaging, informative, or simply entertaining. Go through your marketing data, CRM, and customer service records to better understand who your customers are and what they want.

It’s also worth investing in an ERP system, as this can connect all your data repositories, making it significantly easier to collect, collate, and understand your customer’s activity in a meaningful way. You can then use what you’ve learned to pinpoint the perfect influencer for your brand and which products they should focus on. 

Encourage Training & Upskilling

Your staff is your best resource—and a more efficient marketing team means more efficient marketing.

Training and upskilling may seem expensive, but it’s worth the investment. A talented, well-trained marketing team can exponentially boost your marketing ROI. 

Conducting training shouldn’t be a one-off, either. Marketing is constantly evolving. So marketers need to have their fingers firmly pressed on the pulse of industry trends and events. 

Regular retraining and upskilling will keep your marketers up-to-date with current marketing trends. This, in turn, will enable them to work at the cutting edge of their industry.

Focus on SEO 

SEO is a highly efficient, cost-effective way to boost your business’s online presence. You can get to the top of Google’s search rankings with relative ease by using an effective SEO strategy.

It’s a simple equation: as Google is often the first place people turn to when looking for a product or service, the more Googlable your business is, the more leads you will bring in.

To boost your SEO, you need to think about the following:

• Producing high-quality content
• Engaging with online audiences
• Having a solid, reputable online presence
• Keeping your social media updated
• Using keywords in your online content
• Staying on top of algorithm changes and SEO trends

Partner with Complementary Businesses

Building a network is a fantastic way to establish your brand without chewing into your marketing budget. 

If you can find a business that complements your own, partnering with them for content campaigns and other messages could be a win-win situation.

For example, let’s say you’re in the business of selling cookware. A company that produces or sells cooking ingredients could be a fantastic partner. Together, you could produce recipe blog posts, video tutorials, and culinary tips featuring your cookware and their ingredients, all for relatively little cost.

You can then post this content across your brand’s platforms and theirs, doubling your reach in a single stroke.

Again, businesses you partner with must be relevant to your own. For example, if your cookware company partners with an art supplies store, customers will struggle to see the connection between the two. After all, art enthusiasts aren’t heading to a creative blog for cooking tips, nor will your customers expect to find painting tutorials on your social media channels! 

With that in mind, look for businesses with a customer base likely to be interested in your products and vice versa.

Foster User-Generated Content

User-generated content (UGC) can make a big impact. 

A good UGC campaign can simultaneously send engagement levels through the roof, boost brand/customer relationships, and vastly increase your reach.

Let’s take a look at a simple, but very successful, example. 

In 2022, Shakira released a track with the Black Eyed Peas. Having been out of the mainstream eye for a while and wanting to make a huge comeback, Shakira generated a buzz about this new track by calling on fans old and new.

Her #girllikeme challenge invited TikTokkers to recreate the complex dance from the ‘Girl Like Me’ music video. Unable to resist, TikTok exploded with dance videos. In response, Shakira posted compilations of the best, most inventive, most amusing, and most relatable on her Instagram account.

The upshot was that the track gained a huge boost in plays and popularity. In addition, the hashtag had nearly 500 million views, and Shakira was catapulted back into the mainstream media.

You may not be Shakira, but you can still create a memorable, wide-reaching marketing campaign by encouraging UGC challenges, hashtags, and so on. 

Think about how you can challenge customers to get creative with your products and share the results, whether it’s fun ways to reuse packaging or funny photos of pets using your product. 

Contests are also a great way of incentivizing users to create content. The price of awarding a prize is worth the ROI of a successful UGC campaign.

Repurpose or Update Old Campaigns

You don’t want to churn out the same old ideas. But at the same time, there is little point in changing a winning formula just for the sake of it. 

If an ongoing campaign is working well, keep using it. If a particular message or campaign worked well in the past, freshen it up and reuse it.

Even if you can’t recycle them, old campaigns are a great resource. Historic campaign data can offer useful insights about what does and doesn’t resonate with your customers.

If you want to be thorough, you should compare your campaign data with historical customer and sales data. This will give you a more in-depth analysis and help you to pinpoint why specific campaigns were successful. 

To do this, make use of tools like cloud ERP software. This will give you access to the data you need, but also, as it’s a cloud-based solution, it will allow anyone on the team to access data from anywhere.

In this way, the marketing team can easily cross-reference campaign data with metrics like customer satisfaction, conversion rate, and complaints. It’s also beneficial for collaborating with other departments in real-time, so you can access historical data to make better decisions, even if you’re on the go.

But, it is important to be proactive about this. Simply churning out the same old campaigns because they worked once isn’t going to cut it. 

Customer tastes change quickly. So, even if you feel that a campaign is still as relevant and engaging as before, it’s still essential that you update it for today’s market. 

Utilize Referral Marketing

This is often confused with word-of-mouth marketing and UGC marketing. While there is some overlap between the three, referral marketing is different enough to deserve its own category.

Referral marketing directly incentivizes the customer to bring in new customers. In a typical example, a brand will offer customers a reward—often cashback, a gift card, discount, or free gift—if they persuade a friend to sign up for your service.

It’s worth noting that referral marketing is more common for businesses offering services rather than selling products. These businesses need customers to actively sign up for an ongoing brand/customer relationship rather than simply purchasing a new product whenever needed. However, it can work for product vendors as well.

To make sure customers are properly rewarded for referrals, set up a referral link system. When someone signs up using a customer’s referral link, your ERP software or other system will automatically note the details so everyone gets their referral bonus.

Efficient marketing campaigns don’t have to be expensive. Through careful planning, clear customer insights, an effective ERP system, and clever strategizing, you can run great campaigns with brilliant ROI, for very little initial outlay.

Digital channels offer huge opportunities to leverage your network and engage your customer base in brand-building ways without breaking the bank. 

Sure, you get what you pay for in terms of staff, graphics, and so on. But marketing efficiency is more about knowing where and when to deploy that money. It’s about being strategic and insightful, rather than hoping that money will talk.

With the right approach, you can achieve a high degree of marketing efficiency and fantastic ROI—and you don’t have to increase marketing spend to do it.

The post How SMEs Can Improve Marketing Efficiency within Budget appeared first on DigitalMarketer.