What Runs First? How to Prioritize Your Marketing | Ep. #648

In episode #648, Eric and Neil discuss how to prioritize your marketing. Tune in to hear what you should be doing before anything else. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: What Runs First? How to Prioritize Your Marketing [00:50] If you are improving every week by 1-2%, this means you are improving by 50% per year, which is a good place to be, [01:16] Look at the funnel first: you can see in Google Analytics what’s working and what isn’t. [01:41] From there, you can determine what to focus on. [01:57] Look at what’s causing the biggest drop-off and run AB tests. [02:38] If you have a leaky bucket, you wouldn’t pour more water in. [02:53] Make sure your funnel is optimized before you drive a lot of traffic to it. [03:00] Both Eric and Neil know a man named Shaun Ellis who was on the growth team for Dropbox. [03:10] He went on to create Growth Hackers. They have since released a growth management tool. North Star. [03:40] North Star uses the ICE model (Impact, Confidence, Ease) [04:36] Average your scores in each category. [04:44] North Star allows you to test different hypotheses. [05:15] The problem with the ICE framework is that it only works if someone in your company knows marketing really well. [05:52] Once you fix your funnel, it’s all about driving traffic to your site/funnel. [06:00] The best traffic is paid traffic. [06:12] For paid traffic, you can try Facebook, Taboola, Outbrain, etc. [06:30] Measure traffic based on the ROI. [07:04] That’s all for today! [07:07] Go to Singlegrain.com/Giveway for a special marketing tool giveaway! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.