Manage episode 163122018 series 1281830
How do you differentiate between a marketing tactic vs strategy? Which one should you invest your time and energy in for a more sustainable business? Our guest, a seasoned marketer, breaks the answers down for us in this week’s episode.
Market funnel engineering expert Todd Brown joins us today to explain the difference between tactic vs strategy. We talk about the importance of paying for the acquisition of customers and doing this sustainably. Todd also generously shares the three phases that he goes through when executing marketing campaigns. He takes us step-by-step, from engineering and optimization to the scaling stage. He also debunks an upselling model and tells you how you can do this better.
If you want to learn how to apply good marketing strategies and tactics for your business, this episode is for you!Here are three reasons why you should listen to the full episode:
- Learn the difference between a marketing tactic vs strategy.
- Explore Todds’ three stages of marketing execution.
- Find out more tips from Todd about pricing, upselling, and how to be successful in marketing.
- Check out marketing books that Todd recommends:
- Go check out Todd’s free video series Six Figure Funnel Formula to learn more about building a marketing funnel.
- Do you want to know how you can build a reliable, consistent, and sustainable business? Check out Todd’s blog!
- Connect with Todd: website | Facebook | LinkedIn
- Todd used to work in a health club in New Jersey. At that time, his idea of marketing was similar to advertising.
- One day, he received a direct response postcard from someone who was selling a marketing and sales system.
- He got interested in salesmanship after receiving the home course. This was his introduction to the direct response world.
- He began to implement all his learnings in his department and their growth skyrocketed.
- Todd wanted to share his knowledge, so he created his own information product about marketing.
- His team takes measures to protect their content but they don’t lock everything down.
- Doing so may impact their clients’ experience.
- Jon believes that he can produce quality content faster than others can release his existing work.
- The difference between tactic vs strategy is, the former are the things you do to execute the latter.
- Successful tactics today may not remain so tomorrow. Meanwhile, strategies remain effective over time.
- A star marketer constantly looks for unique ways to implement strategies. An average one will use common tactics.
- When choosing to prioritize between tactic vs strategy, always try to learn more about the latter.
- Make sure that you understand the strategic reason why others use a specific tactic before implementing it.
- In direct response marketing, it’s about being able to afford the most per click, not the least.
- If you can’t afford to pay for the acquisition of customers, you don’t have a business.
- To achieve security, stability, and consistency in your business, you must have the ability to acquire customers from paid traffic.
- You should prioritize setting up a marketing funnel.
- Quantify and track your marketing. You need to determine your ROI.
- The typical entrepreneur doesn’t differentiate between front-end and back-end transactions. Their sole goal is to generate profit.
- The goal in the front-end must be maximum customer acquisition. On the other hand, the back-end involves maximizing the lifetime value of your existing customers.
- Good marketers know which sequences to use for front-end vs back-end marketing.
- Listen to the full episode to learn about why tripwires should be used for front-end marketing!
- Most marketers are taught that the next offer in an upsell sequence should be 3x more expensive than the last.
- This method is unrealistic. Add-ons, specifically reverse add-ons, are more effective.
- A reverse add-on is an offer that gives your consumers additional value from their first purchase.
- This add-on should only cost them a fraction of the product they initially purchased.
- The more you offer reverse add-ons, the less likely your customers are to ask for a refund. They also help you develop your back-end and create a ‘yes’ momentum.
- According to Todd, it depends on what the customer does.
- If the customer says no twice, then the transaction is done.
- If the customer is excited about your offers, make sure you give them the opportunity to obtain maximum value from you.
- Todd breaks their marketing execution down into three phases.
- The first is engineering the funnel. They test the viability of their main front-end product.
- Depending on the ROI, they go into the second phase, during which they implement the add-on offers.
- In this stage, they look into optimization metrics to identify and improve the weakest link.
- The third phase is scaling the funnel. This involves increasing the volume of traffic you are putting in the funnel by investing and reinvesting your profit.
- Todd recently released a live training program about smart funnels.
- It is a type of marketing intelligence where you display a particular ad to a prospect depending on the pages they visit.
- To know more about Todd’s live training program, tune in to the full episode.
“Security, stability, [and] consistency in your business only comes from the ability to acquire customers from paid traffic.”
“Recognize that with time, with study, with due diligence, and with practice, you can develop the chops. I believe, personally, just from my own experience, and that of many of my friends that marketing is a learned skill.”About Our Guest
Todd Brown is the CEO and Founder of MarketingFunnelAutomation. He is considered the #1 authority on engineering customer acquisition campaigns for profit. Todd is a marketing expert sought by other experts for help in marketing strategies.
Throughout his years, Todd served clients from 33 different countries and has operated over 65 various niche markets. He has helped his coaches build more six- to seven-figure marketing campaigns compared to other online experts.
With his agency, he has helped students, clients, and subscribers create marketing campaigns. They have been working behind some of the largest direct response marketers and companies worldwide.
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