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Few people understand Facebook Advertising and Direct Response Marketing like Molly Pittman. You’ve probably seen Molly on stage at events like Traffic & Conversion Summit or Social Media Marketing World or you’ve seen her and Ezra Firestone create amazing content through Smart Marketer. In this episode we dive into a subject that is often glossed over - creating great offers and building acquisition funnels. Without a great offer, your ad efforts will fall short. And great offers aren’t just about discounting.
It’s the perfect subject to help you win in a privacy-first online world.
Here's what we cover:
- How Smart Marketer and BOOM are building and launching new acquisition funnels every month.
- How to test offers via email before investing in ad dollars.
- What metrics we should pay attention to in a post iOS 14 world.
- 3 ways to get more testimonials.
- What is likely to change in the future and what most likely won’t.
Mentioned in This Episode:
Molly Pittman
“5 Makeup Tips For Older Women”
“The State Of Paid Ads In 2022”
“Big Magic” by Elizabeth Gilbert
“Good to Great” by Jim Collins
“Turning the Flywheel” by Jim Collins
Transcript:
Brett:
Welcome to the Spicy Curry podcast, where we explore hot takes in e-commerce and digital marketing. We feature some of the brightest minds, some of the spiciest perspectives on how to grow your business online.
Brett:
Season one of this podcast is built on the old business adage that all it takes is three things to grow. One, have something good to say. Two, say it well. And three, say it often. My guest today is Molly Pittman. She's the CEO of Smart Marketer in partnership with Ezra Firestone. We're talking about crafting irresistible offers and building acquisition funnels for e-commerce.
Brett:
So, lean in, buckle up, and enjoy this episode with Molly Pittman.
Brett:
The Spicy Curry podcast is brought to you by OMG Commerce, Attentive, OneClickUpsell, Zipify Pages, and Payability.
Brett:
My guest today really needs no introduction, but I'll give a quick introduction just in case. Today, we're talking about a variety of things. We're going to talk about getting the right offers, and we're going to talk about acquisition funnels. We're going to talk about getting the right mindset as a market, as a media buyer, and as an advertiser.
Brett:
I have the one, the only, Molly Pittman joining me on the show today. Really, if you haven't had the privilege of hearing Molly Pittman, well we're about to fix that, but you've missed out. Molly is a legend, debuted at Trafficking Conversion Summit. It's been years and years ago now, I don't even know how many years. But just blew up and everyone was like, "Man, Molly Pittman is the best," and she is.
Brett:
Now she's partnered with my buddy, Ezra Firestone. Molly is the CEO of Smart Marketer, and I get to observe what she's doing there, what the team is doing there, and they're cranking out amazing content, amazing training that I get to be a part of at some level, which is super fun for me. We're going to dive into what's working now and a variety of other things.
Brett:
Molly Pittman, welcome to the show, and thanks for taking the time.
Molly:
Hey, let's do it. What's up, Brett Curry?
Brett:
What's up? What's up?
Molly:
I'm so happy to be here. I'm so happy to be here. Hello to all of you listers. You're listening to an awesome podcast, huh? When Brett reached out to do this, I was like, "Hey, it's about time." I know you've had podcasts in the past, but excited to hear you more regularly. Yes, love working with you Brett, from the agency side of things, the faculty side of things at Smart Marketer. All of our students love everything you have to share. So, thank you for having me.
Brett:
We get to collaborate on some content. Any time I can go somewhere and hang out with you, John Grimshaw, and Ezra Firestone, I am saying yes to that. Anytime I can make it happen, I'm doing that, because you guys are awesome. [crosstalk 00:03:14].
Molly:
I don't know how much work we get done, but we have a lot of fun.
Brett:
A decent amount of work.
Molly:
I'm kidding.
Brett:
Totally. When we get together, like the last time we all met at Ezra's house, Ezra just cooked some really fancy, simple... He went into full-on chef mode for everybody, and it was pretty amazing.
Molly:
Hey, Ezra is the servant leader. I think we were there-
Brett:
He really is.
Molly:
... hosting a live workshop, and Ezra was like, "Hey, my job right now is to cook and make sure you all are fed." Good example of leadership right there.
Brett:
[crosstalk 00:03:49] make some lattes, or pour some espresso shots. He had this amazing espresso machine-
Molly:
"What do you need? I got it."
Brett:
Yeah. The funny thing is, I'm like, "So Ezra, are you going to drink some espresso?" He was like, "No, I gave that up." He quit. All right, so you're just making for everybody else.
Molly:
That is something that I love about what we're doing at Smart Marketer, is its different from any culture I've ever been a part of, even if it's a day of consulting inside of a business where we really do have fun first. We get our stuff done. We meet our goals. We serve the world. I think that that fun part is what a lot of people are missing out on. It is okay to have fun, and it actually makes the rest of it way more enjoyable and profitable.
Brett:
It's stress relief. It allows you get the right mindset, like fosters creativity when you're having fun and enjoying what you do, and enjoying who you're doing it with. Yeah, you guys do such a good job with that, and Ezra kind of drives that forward where it's like to serve to the world unselfishly and profit that mantra is true. It's not just something that sounds good, or sort of feels good, or looks good on a shirt. It's the way you guys live and the way you guys operate.
Brett:
I think it's part of the reason why we get along so well. We're huge advocates of culture, and putting people first, but also letting people shine and be themselves. You should enjoy working with one another. It makes a difference.
Molly:
Have more fun, y'all.
Brett:
And have more fun.
Molly:
It also allows a lot more longevity in this business. This year, I've been doing this 10 years, which isn't as long as a lot of you, Brett, or people like Ezra, but it's still a decade.
Brett:
Wait a minute. That sounded a veiled "old person" comment there.
Molly:
Well no, I just know your story.
Brett:
It's all good.
Molly:
You have seniority.
Brett:
A little bit. A little bit, yeah. In Internet years, a decade is forever. Yeah, I started like 2004, so I'm definitely the old dude when it comes to all that.
Molly:
Yeah, but you know a lot of my story where I had the opportunity to intern, and then become the VP of Marketing at Digital Marketer, and had an awesome time at that company. But man, I was grinding then. A lot of times, I felt like crap. To be in a situation where I still get to serve the market, still get to teach, still get to be in this business, but feel really good about it, the best part of it is I know I can do it for so much longer now.
Brett:
Yeah. Yeah.
Molly:
It's a long game. It's not a short game, y'all.
Brett:
I'm really glad we brought this up. It was not planned. That feel good, have fun, and it will bring out the best part of you when you work as well. You'll be able to produce better when you're doing those things.
Brett:
Let's dive in, Molly Pittman. We've got a lot of ground to cover. We're going to talk mindset. We're going to talk tactics. We're going to talk strategy. I also want to talk about your dog rescue. We'll get to that in a little bit. Let's talk about offers for a minute. Those that have been listening, and hopefully you're listening to every episode in season one of this podcast, we're talking about something good to say, saying it well, saying it often.
Brett:
One of the things you and I were chatting about, and I love this, is that you're really focusing on your offers right now, and what offers are working, and what offers are not working. It really digs into that saying things well, and also saying them often. Talk to me a little bit about... We have two angles we're going to look at. We've got Boom on the e-commerce side, Smart Marketer which is kind of on the info training side, but what offers are working right now?
Molly:
Yeah, great question. First, I want to talk about what an offer is. I realized during our Mastermind call last week that people use this word to describe a lot of different things. That causes confusion in itself. There are a few different ways to talk about an offer. Really, what I'm talking about today are acquisition offers. Essentially, what vehicles are we using to start a conversation with someone who's never heard of our brand before, and turn them into a buyer?
Molly:
A lot of times, that means a lead magnet, or a pre-sale article, or some sort of coupon. It definitely depends on the business and where you are currently. The more, especially post-iOS 14 with all the crazy stuff happening in paid media right now, the more that you can focus on your offers, the better that everything is going to go. I mean that in a few ways. Number one, putting more time into offer creation. I would say in both businesses, other than making sure our products, the things people are buying, are good. Other than that, I would say offer creation is where we spend most of our time, at least at the C level.
Molly:
When it comes to marketing strategy, offer creation is where we spend most of our time. Sometimes, we'll release an offer that John, Ezra and I have maybe spent 15 hours discussing. It looks like an opt-in page that took 30 minutes to write, but so much time and effort went into the psychology of what it is, and the delivery of what it is, and how it sets us up to sell. It's really, really spending time here. As the CEO, I'd be like this is one of my still most important duties every single day.
Molly:
The second part of it is thinking about the way you deliver it. People miss out on this part of offer creation because what we don't realize is that someone might be interested in solving a particular problem, or they might be interested in a particular topic. But they may not be interested in the way you're delivering it. Let's take Boom for example, a pre-sale article that Ezra has been using for over five years, that's the best acquisition offer ever created for that business is five makeup tips for older women. Simple pre-sale article, we optimize for purchases, there are different products on the page. It's an amazing, amazing pre-sale article.
Molly:
Well guess what? It also works really well as a lead magnet. A way we've been able to scale that business is to take that pre-sale article, turn it into a simple PDF, and put it behind an opt-in wall. There are some people that would rather give their email in exchange for an asset, and see that as higher value. There are some people that would rather read an article. So, this isn't just about the creation of new offers, but also the repackaging of assets that you already have to deliver them in a way that's going to reach more of the market that you're trying to reach based off of how they like to consume information.
Molly:
It's why videos and still images are equally as important on a paid traffic platform, because there are some people that like people. There are some people that react images. It's important to keep both of those in mind.
Brett:
I love that. So, what is the offer, and really crafting it and thinking about how do we make this offer irresistible, how do we craft this article so that someone says, "I have to have that. One, that designed just for me. Two, that's solving a real problem or it's meeting a real need. Three, I got to have it right now." [crosstalk 00:11:29] those things. Then also, how you actually deliver it.
Brett:
I want to break that down just a little bit. You had mentioned that sometimes you, John, and Ezra spend 15 hours crafting an offer where it looks like just a simple page, but you're really thinking about this. This goes way beyond the, "Oh, should we do a 10% discount? Or a 15% discount?" That's what I want to talk about here.
Molly:
Yes, but it's also different. What I would see, I would say, in 90% of students, is they spend those 15 hours on the ad, and "Oh, the offer, I'm just going to throw a page up there." It's like, no if you have to choose, it should actually be the other way around.
Brett:
The offer, yeah. Yeah, it totally makes sense. Walk us through a little bit. What is your process as you're thinking about crafting an offer? What questions are you asking? What are you thinking about? What do you want to have in front of you as you're building that irresistible offer?
Molly:
Of course. The first question is, what do we need? What need is there in the business that we are solving with this offer? So, the need might be "It's Q4 and we want to monetize, we need a sale, we need a promotion." Or the need might be, "Hey, we need more of an evergreen acquisition offer-"
Brett:
[crosstalk 00:12:48] need as business [crosstalk 00:12:49].
Molly:
As a business, exactly.
Brett:
Yep.
Molly:
So, is it more promotional? Monetization? Or do we need something more acquisition that's evergreen that's going to continue to bring new customers in? It always starts with what does the business need right now? We try to create one of these in each business once a month we're creating a new offer. A lot of times, we're using other offers that we've created in the past, but we try to create one new offer every single month. It first starts with "What do we need? What does the business need right now?"
Brett:
Awesome. Then what comes next? You understand "This is what we need. We need something evergreen. We need a quick hit in this area. This is what need as a business." What do you look at next?
Molly:
What are we going to sell? What is the true end goal of this offer? Maybe the end goal is for Smart Marketer, we're going to sell our Smart Paid Traffic course, and we want to do that on an evergreen basis. We always work backwards with offers. If you don't, you're going to end up with a funnel that doesn't really make a lot of sense, that might have a really attractive front end offer, but doesn't transition to the sale, which is the opposite of what we're looking for.
Brett:
Yeah, totally, totally makes sense.
Molly:
Then we pick-
Brett:
[crosstalk 00:14:10]. Yeah, please keep going.
Molly:
Oh, sorry. Go ahead. Then we pick the medium, so what medium do we feel is best suited for this particular scenario? That definitely comes down to business type. It comes down to what's already working in our business, what can we do more of, also what can we do that's different from what we've done in the past because maybe we have four or five evergreen acquisition offers running in our ad account. To add another, we either need to go after a different audience or we need to have a very different offer type that isn't going to compete with what we're currently doing.
Brett:
Yeah. Yeah, I love that. Let's look at some examples here related to Boom that I think will help people a lot. You guys are working on an acquisition funnel every month, and that acquisition funnel I would assume, starts with an offer. Is that where that begins?
Molly:
Absolutely. Absolutely.
Brett:
What does that look like? Can you talk about any examples there for Boom?
Molly:
A great example of this is going back to "Five Makeup Tips for Older Women", the pre-sale article. We know that that works, so we know that this audience wants makeup tips, or they want to have discussions around makeup. What is something similar but different that we could do? Last year, we launched a lead magnet. We switched the delivery. It's not a pre-sale article. It's something you're opting in for. We're collecting the email address, and then going for the sale.
Molly:
So, using what we know works, but changing the conversation a little bit. Instead of five makeup tips, it was, or is, a 10 Minute Makeup Guide. So, still speaking to makeup, but now speaking to women who are less maybe concerned about the tips, but are more interested in the fact, "Holy crap, this only takes 10 minutes." That's an awesome speed and automation hook. That would be a good example of saying-
Brett:
[crosstalk 00:16:16] how to take care of your makeup, or how to do your morning makeup routine in 10 minutes or something like that, that's kind of the angle or the thought?
Molly:
Exactly. That came from a need of we have scaled the current evergreen acquisition offers as much as we can across our paid traffic sources. We need something new to talk about. We need to be able to walk into the party and have a similar, but different, discussion. Okay, let's change the topic and let's change the vehicle in how we deliver it.
Brett:
Yeah, that's awesome. The five makeup tips, and yeah we've had the privilege of running that on YouTube for four years or five years or something, and it still works. The five makeup tips is great. It does appeal to the curiosity. People are like, "Okay, well I would like makeup tips. I'm over 50," and I should not, by the way we were talking old jokes, I'm not over 50, and I'm not a woman either, so you're thinking "I want to know what these tips are," so there's a little bit of curiosity and there's also some benefit there that you want to get, which is cool.
Brett:
But this 10 Minute Makeup Guide, that's speaking to someone who says... It really resonates well with that over 50 powerful women audience that Boom is after, is they're like, "I don't have time for makeup, and I don't want to take the time. 30 minutes getting ready for the day, no way." How did you guys land on that? Was that something that you heard consistent feedback from customers? Is there something you guys started to pick up on, because you know the customer? Where did that come from?
Molly:
In both businesses, these ideas usually come from the customer, or feedback to anything that we're doing from an organic standpoint. In our businesses, that's the benefit of social media. It's not that we're going for all this organic traffic, which is nice, but not always sustainable. We use social media as a way to test different conversations with the audience. Usually, this starts, for Smart Marketer, as a blog post, for example, and Boom, too.
Molly:
Last year, we've released a blog post about our "Love Demo Love Formula" which is a formula we teach to [crosstalk 00:18:23]-
Brett:
Formerly known as "The Testimonial Sandwich", so there was the artist formerly as "Testimonial Sandwich", that "Love Demo Love". Feels better.
Molly:
It's a formula, a template that we teach for ad creatives. We see that that does really well on the blog. The email has high open rates. People are spending a lot of time on that page. They're clicking on whatever call to action is within that blog post. Wow, this is something our audience is interested in. Can we turn this into some sort of acquisition offer? Sometimes, it also comes-
Brett:
Yeah, [crosstalk 00:18:54] clarify, just so people understand because you may be lost like, "What are you talking about? Love Demo Love, and with Testimony? What the heck?" It's Ezra's tried and true ad formula of starting with a testimonial, a real user-generated content testimonial, or maybe a couple, like one to three, product demonstration in the middle, product video demonstration in the middle of the video, and then you close with more testimonials or more love. So, "Love Demo Love", and also what used to be called the "Testimonial Sandwich".
Brett:
So, anyway, I just wanted to clarify for those that are like, "What are you talking about?" All right, go ahead.
Molly:
A lot of times, it comes from conversations with the audience, a response from the audience. Then sometimes, it comes just random inspiration. For Smart Marketer, an offer we're working on right now that's going to happen soon is the "State of Paid Advertising in 2022", which is a free four hour workshop. It will show an analysis we did of over $60 million in ad spend. That just came from a random idea I had in the shower, what would this audience be interested in, how can I help set them up for 2022? It's not always coming from the customer. Sometimes it's just a random idea that comes in when you give it space.
Molly:
Usually, it is coming from something that already exists, or that we see from competition, or other people out in the market.
Brett:
Just an interesting side note, are you an idea in the shower person? Is that where your ideas come from? I'd just be curious to know where do your good ideas come from? What's the space where disproportionately you have good ideas coming from that space?
Molly:
It's really whenever I give it space. That's the key. It's usually, in today's world where things are so busy, forced space, time away from my phone, which is the shower, which is driving in the car, or hiking. If you guys are interested in this topic, read "Big Magic" by Elizabeth Gilbert. It's one of my favorite books. I read it in 2015 or '16, but she basically explains how this works, like how does creativity actually work and how can you set yourself up to be more open to cool ideas? The cool ideas are out there. Most of us are just too shut off, too busy, too addicted to what we're doing to allow the ideas to actually come in. So yes, any time you give it-
Brett:
What was the name of that book again?
Molly:
"Big Magic".
Brett:
"Big Magic". Love that. I'm going to check that out. Just a quick note here, because I've always found this fascinating, I have zero good ideas in the shower. I really don't know that I've ever had one positive, useful, meaningful idea from the shower other than "Hey babe, we're out of shampoo." That's all I think about in the shower. However, for me, two places that I get disproportionately high amount of good ideas, one is if in the morning if I get up when it's still quiet, and I have eight kids so it needs to be early in the morning when it's quiet, but if I feel like I'm ahead of the game, if I feel like there's nothing that I have to do right that second and I can just kind of sit in the quiet, good ideas come from there.
Brett:
The other place, and this is an odd one, but on airplanes. I sit on an airplane. They shut that door. I never pay for WiFi, I just don't want to. Some of the ideas that have shaped OMG, that have shaped the agency, came from me sitting on an airplane. I don't know why. That's my shower time. I even said a few times, I'm like I should just go fly somewhere and then fly right back, and I'm going to get great ideas.
Molly:
A lot of people do that. I have a friend who took a flight to Hong Kong and back, and never even stepped into the city just to write a book. The reason for that Brett, those are different forms of meditation. It's the same thing. It's essentially cutting off stimulation that is-
Brett:
Right, there's nothing else.
Molly:
... keeping your brain busy so that your mind and your soul can be quiet, so that these ideas can really formulate. That's the key.
Brett:
I love that. I love the fact that I'm not the only one that loves... I don't even like sitting on airplanes, but I get the best ideas. Anyway, cool. That's awesome. Cool, so thank you for chasing down that rabbit trail. I think that's so useful. Where were we though?
Molly:
We were talking about offers that are working right now, and I was chatting about the 10 Minute Makeup Guide, the workshop we're doing for Smart Marketer, and just saying that lot of the ideas comes from what you guys say, what we see as a need out in the market. A lot of them are random, unique, creative ideas, which are fun too.
Brett:
So, really fostering both, so you kind of need a vehicle or a mechanism to collect that feedback from customers, and then you need to create space for yourself to have these good ideas, and then bring it together with your executive team to get the idea when you're relaxing or whatever, and then you bring it to the rest of the executive team and you hammer that out. It may be 15 hours, but at the end of that time you've got a killer offer that you can really use to grow the business.
Molly:
Yeah, Brett, and some other steps that I didn't mention there, just to sort of round out the actual tactical, how do we get it out the door. Once we have the idea and we feel good about the offer, we feel good about its ability to do what we need it to do in the business, then we go into action mode actually creating this thing. That usually looks like a brainstorm call with our copy team where we discuss what is this, and how is it going to be presented?
Molly:
We talk about the big hooks, what are the big selling points of this offer, what problems does this offer actually solve? Of course, how do we want this to be delivered? Is it a PDF? Is it a pre-sale article? Is it a simple opt-in page where we're giving a coupon, like you said? How will this be delivered. Then they're able to go and make it sound good, not only the page in which we're selling the thing, but also the delivery of the thing. Then of course, that's passed off to design, it's passed off to our ads team and everything starts to get into motion.
Brett:
It's so good to get copy involved early, because that's such an important part of everything else. You have to be able to really strike that cord and make people want it, and copy is such a huge part of that. I love that you do that fairly early on.
Molly:
Yeah, and it's not just writing the copy that is the offer. It's also the selling of the offer. Even if it's a free thing, you're still selling someone on the idea.
Brett:
Totally. Totally, yeah.
Molly:
Every new acquisition funnel is first tested through an email promotion to the list, because we don't want to go out and buy-
Brett:
Okay, so you build the product, you test the email, email to the list first.
Molly:
Yeah. Of course, it's always going to convert better to your list than it will to paid traffic. We want to test it to the list first before we start to buy ads, mainly because we want to see of course, what's the conversion rate on this thing if it's free, and does this actually generate sales? We can create offers all day, but if it's not meeting the need of the business, then it's not going to work. It's first tested to email. That also gets some good traction going on your pixel so that Facebook and Google can start to see what types of people are taking action on this page, get some momentum.
Molly:
Then we stop for a second. We look at heat maps. We look at conversion rate. We look at the performance from a data standpoint. We make any optimizations that we might need to make, and then it's ready to go to you and your team, and hand over to our media buyer for paid ads.
Brett:
I love that. I love that. So, you're testing to the email list first to understand does this convert. And hey, if it doesn't convert to your list, it's not going to convert to cold traffic.
Molly:
Exactly.
Brett:
So, does it convert, and at what level, and kind of understanding that a little bit. Then you're going to run some ads and start getting conversions, trying to pixel, finding out what's what. You pause that. You then look at heat maps, make some tweaks/optimizations to the funnel itself. Then you go ham on the advertising at that point.
Molly:
Then it's hopefully ready for scale. Probably half of these that we create don't work still to this day. That's okay. We say, "Let's put it on hold for a second." It's never that this just doesn't work, and we're not going to use it ever again. It's "Hey, let's put this to the side and try to figure out why it didn't work, and maybe we can use it later." There are a lot of times that we just can't get it to work, and that's okay.
Brett:
Right. Really, you guys are the best. You're the best in the world at some of this stuff. If you've got a 50% success rate, what's everybody else going to have? That's likely to be 50% or maybe less even. What's interesting, we just walked through that four step process you guys go through, most people it's like think for five minutes about an offer, maybe it's more than that, but think about an offer and then "All right cool, let's throw a bunch of media behind it to see how it does," where you guys are testing with your audience or email list, you're running some small tests and ads, you're getting data, you're optimizing and then you're going big. I love that so much.
Brett:
It kind of goes back to one of my favorite business principles that comes from Jim Collins, the author of "Good to Great", and a book called "Turning the Flywheel". He's an awesome... I'm sure everybody's heard of him. He talks about this concept of firing bullets and then cannonballs. He used kind of this old warship analogy. The idea is fire bullets to make sure you got something that works, and then fire a cannonball rather than a lot of people fire a cannonball and they use up all their gunpowder, and all they've got available, and they're like, "Well now I've got nothing."
Brett:
So, test small and then go big.
Molly:
Also, understanding that these offers are not channel-specific. A lot of people create an offer, which they don't spend a lot of time on. They set up a Facebook campaign. They run it for a few days, and then scrap it all. "Oh, this offer doesn't work, and Facebook ads don't work." It's like guys, no it's so much deeper than that.
Brett:
Totally. Totally. Your kind of creating these acquisition funnels then for Boom, and spoiler alert, Boom is going to be releasing new products this year, which is great. Your kind of creating one of these acquisition funnels for each product. That was another thing too with Boom, and Ezra talks about this a lot, that it was just the Boom stick trio, or just the boom stick, that's all that you really use for cold traffic. Now you're building these acquisition funnels for other products, which is huge, and which is going to be a game changer.
Molly:
Look, honestly acquisition funnels are way easier for e-commerce than info or services.
Brett:
They are. They are. No doubt.
Molly:
Info and services takes way more of relationship buildup before someone purchases. It's mainly lead generation through a workshop, or a webinar, or a lead magnet, or a challenge, or a mini series, or whatever the hell people are doing today to try to convert someone into a customer or client. It's a little bit of a different ballgame than e-commerce. A lot of the plays with e-comm can be easier. A lot of the offers that Boom runs are simple. It's direct to a product page for a lip gloss, direct to a product page for a mascara, direct to something that's a direct sale essentially. Where with info, we've got to dance around it a little bit more. The offer creation is even more intensive for that business type.
Brett:
Yeah, it is.
Molly:
Like me. Good lesson, what Ezra has been able to do with Boom I think after working with us at Smart Marketer, is realize that there is a huge hole in the e-commerce space for offer creation that isn't just a giveaway, that isn't just direct to product page, that isn't just a coupon. That is a big reason Boom is able to excel, because we do understand pre-sale articles. We do understand lead magnets.
Molly:
Boom is even doing webinars. They're called "Ladies Night". These principles work for both business types, and there's actually a much bigger opportunity in e-commerce to get more creative with your offers because other e-commerce businesses are simply lazy or don't know how to go about it.
Brett:
You nailed it a little bit ago when you said that in a lot of ways offers for e-commerce, it's simpler. It's more straightforward than it is to do info products. Info products, you really got to get to the core of what this thing, and what is it going to unlock, and what are all the emotions we're trying to tap into here, and uncover here.
Molly:
And give way more value first.
Brett:
Yeah. Yeah. How do you do that? So kind of blending some of those principles, it's super powerful and it's definitely helped Boom get to where it is today without a doubt. Cool. We've got a few additional things I want to talk about, and not a whole lot of time to do it-
Molly:
Brett, hold on. I want to add one more thing. This is one of the biggest reasons that you might be failing to scale as an e-commerce business. If you are only relying on the people that are clicking from a Facebook ad, and directly converting and buying a product, you're missing out on a huge part of your market that just isn't ready to buy in the moment. If you're able to generate the lead, if you're able to nurture them via email, if you're able to set up a funnel where they get some sort of discount, especially if you add some scarcity, your scalability will increase in a way that you never understood, and it has absolutely nothing to do with your advertising. It's just that you are having a conversation with a different part of the market. That's all it is.
Molly:
So, if you are struggling to scale, it's probably not the ad platform, and B, the e-comm company that is willing to go outside of the box.
Brett:
Yeah, totally agree. It's not just I need to bid differently, I need a slightly different campaign structure in my ads manager or inside of Google Ads. Those things may be true, but often it comes down to offer and having the right funnel. Are we actually getting people to give us their email address and get a direct conversion as well? Do we have a nurture sequence? Do we have a remarketing sequence built in? All of those things really unlock the ability to scale rather than just "How do I bid differently or change my campaign structure?"
Molly:
Brett, I would say that your most successful clients, and the ones that you like working with the most are probably strong in this area. As an agency, that's a dream.
Brett:
No doubt. No doubt.
Molly:
The issue you usually have an agency is that you're great at running ads. You only have a few places to run ads to. There's only so much you can do.
Brett:
Yeah, that's one reason we love working with Boom.
Molly:
Just emphasize.
Brett:
You guys get it, and we're just able to work together and crush it. That's fantastic. Cool. Any quick insights, and I kind of designed this podcast series to have a long shelf life, but let's talk about a few trends. What's working right now, or what are some trends inside of Facebook ads that you're seeing right now?
Molly:
Good news is, as we do each year, we're seeing a huge decrease in ad cost at the beginning of the year. Almost 50% cheaper in most of our ad accounts in the analysis. We did over $60 million in spend than what we were seeing Q4, which is a huge relief with the dumpster fire that Facebook was the last six months of 2021.
Brett:
No doubt.
Molly:
That's a huge sigh of relief. We're also starting to see more accurate reporting, or at least I think we're all getting better as marketers getting our stuff together from a tracking standpoint. So, things are looking up, and we are working on offers, working on creative and copy right now so we can really take advantage of the next few months of cheap traffic, and try to do everything we can to set us up for a big Q4 again this year.
Brett:
I love it. Just one thing to keep in mind, this is going to likely always be the trend. Advertisers panic in fourth quarter because costs are going through the roof. But the costs are going to come back down in Q1, so be planning, and be thinking about that, and what's your acquisition strategy going to be in Q1 and then as you lead into and get ramped up for Q4. So, that's awesome.
Brett:
Any other specific trends you want to talk about now? I also want to dig into a mindset just a little bit, which will be fun.
Molly:
Really quick, I wouldn't say this is necessarily a new trend for right now, but it's something we've been preaching for a few years that I just literally cannot emphasize enough. I was actually just on a training call with some of our students, and one of them sells physical products. He's in the snack and wellness space. His Facebook ad results that I was looking at were incredible, $0.04 clicks, 15% click through rate, $3.00 add to cart, numbers I have not seen in years.
Molly:
Guess what he's doing from an ad perspective? It's native advertising. It's user-generated content. It is simply telling stories about people in their own words the experience that they had not even specifically with your product. This was a weight loss product. So, his best performing ad was a picture of a beach with an arrow to a certain area of the beach. The copy was telling a story from the customer's standpoint of, "Last year I went to this beach and I couldn't even walk up the stairs without getting out of breath. I felt terrible, and my health wasn't great. This year, 12 months later, I've gone back to this beach. I've lost 90 pounds. I was able to run around, and I really enjoyed myself."
Molly:
Those weren't the exact words, but that's how simple it was. It wasn't an ad about the product. It wasn't an ad about how great this product was. Absolutely nothing about features. Really, not even a lot of benefits other than the benefits that were woven into the story. This isn't necessarily new, but it's what people are still missing out on when it comes to Facebook and Instagram. These are true social platforms. People are used to engaging with stories from family and friends. Use imagery and copy that is that. It's really that simple.
Brett:
I love it. I don't really ever see that changing. We spend a lot of on YouTube and running YouTube ads, and we're seeing similar things in that videos, and usually you need slightly longer videos on YouTube than you do on Facebook in most cases, but still that user-generated content, those testimonial videos that you could weave into your YouTube ad works there too. I think it's always going to work. As long as it's an authentic, genuine testimonial that really hits on "Here's how my life has changed. Here's why I love this product. Here's my story," people eat that up. I think people will always eat that up if it rings authentic.
Molly:
Because it's a testimonial, that's not what makes it work. We chat about this and then students submit a testimonial, and the first line is "I love this product so much." It's like, guys that's words of customer, but it sounds like an ad. We need to start with things like, "As a mom of two, I didn't think I would have time to do X, Y, and Z." How much more relatable is that? It doesn't feel like you are being sold to.
Brett:
Yeah, one time we had a prospect, and we ended up not working with him. He submits these videos and you could literally read the people that are supposed to be customers. You could watch their eyes reading from a teleprompter. I'm like, "Guys, this not going to work." You want people to be sharing real emotion and their real story.
Molly:
Yeah, well sharing a life story. It's not about why the product's great. It is sharing their story and how it fit into their lives. So, we ask three important questions to get really good testimonials. If you ask these questions, it will set people up to give you really good answers. What was life like before you bought this product? That has them describe that undesirable before state, starts to tell their story. What is life like afterwards? Now they're talking about the after state, the benefits, how much better they feel. Then if you were to re-commend this to a friend, what exactly would you say? When you say it like that, they take off their "I'm a salesperson for this company" hat, and they put on their "Oh, I'm writing a message, or speaking a message to a friend. I'm going to be real about how this product helped me."
Brett:
Love that so much. Actually, since I'm such a believer in testimonials, but getting authentic ones, I created "The Ultimate Guide", I don't remember what I called it, but how to get authentic customer testimonials. It's on the OMG Commerce website. Check it out. I'm not sure if I have those exact [crosstalk 00:40:34]-
Molly:
That's sounds like a good offer for your agency, Brett.
Brett:
It's a good offer. Yeah. We can do that as an offer too for Smart Marketer. It's so true. The difference between a really good testimonial and then an average testimonial is two different planets, two different universes. Getting a good testimonial is worth it's weight in gold. Having one that's average, is really going to do nothing for you, or one that's weak. Anyway, I love that.
Brett:
What was life like before? What was life like after? What would you say to a friend? I love that so much. It's also good, you want to give someone a little bit of help as they're creating a testimonial. Otherwise, it feels like they're staring at a screen and not knowing what to say, or looking at a blank page or whatever. So, giving them some help is key, for sure. I love that. Love that.
Brett:
Let's take just a couple of minutes, and we're going to be short-changing this topic for sure, but I wanted to take a couple of minutes because this will be fun and I think it's useful. It's been a difficult road the last couple of years for e-commerce, entrepreneurs, media buyers, online advertisers, not rough [crosstalk 00:41:47]. E-commerce has grown tremendously. That's been good. E-commerce has grown, so no complaints there.
Brett:
But it's challenging times. I know you train a lot of people, you train a lot of entrepreneurs and media buyers. What are you teaching people about mindset and how mindset impacts results?
Molly:
Mindset is everything in this game. I don't think any of us are maybe even better marketers than one another. It's your willingness to stay committed, and to continue forward. It's what we talked about earlier with us being okay with half of the work we do not actually being used. Or as a media buyer, it's not even about who can set up the best ads. It's about who can continue to troubleshoot and optimize to make each piece of the campaign better so that they can move forward.
Molly:
This is personal development, a concept that most of you have heard of before, but it's really the difference between having a scarcity mindset, or having an abundance mindset. For me, I choose to be grateful. I choose to not get upset with these paid traffic platforms. I choose to look at things with the glass half full. I think that if there was anything unique about our culture at Smart Marketer, that is it. We have all chosen this mindset.
Molly:
There is going to be trouble in anything you do. I think as a human, the last few years have been hard. It's easy to get down. Of course, I still get frustrated, angry, depressed. All of those things occur. But I try to choose to bring positivity to our business, try to bring it to our employees, to our offers, to the trainings that we provide. It really is a completely different experience when you choose to do that.
Brett:
Yeah, I love it. I'm a really positive person. I'm naturally upbeat. I'm a glass half full kind of guy. But I have my moments. I have moments where I want to curse Tim Cook for the latest iOS update, and why are you killing a good thing, Tim Cook? Or whoever else is making the decisions at Apple. We can get in that mindset. It's okay to be frustrated and complain a little bit, but don't stay there.
Brett:
Get to a better place, because you're right, it's not just who's the smartest, it's not just who has the best campaign structure, but who can show up consistently and do the right thing, and who can be okay with "Okay, I got one, two, three campaigns that I wrote that didn't work, but then I had an offer that hit and then it scaled to the moon." Who could handle that?
Molly:
And who-
Brett:
Yeah, please add to that.
Molly:
[inaudible 00:44:31], and who actually cares? It's why I so believe-
Brett:
Exactly.
Molly:
... in the mission of our business that Ezra initially set out, serve the world unselfishly, and profit. If you truly care about the group of people that your business serves, and you care about the way that you're changing their lives, even if you're selling a toothbrush and you're helping their mouth to be cleaner, it doesn't matter. If you truly care about that, it changes the energy of the business.
Molly:
I can tell you, if you asked me "Molly, what is the difference between students that succeed or don't succeed, or friends that I know in the industry that have done great things, or people that are struggling," it really comes back to mindset, and it comes back to an authentic, genuine, caring for the group of people that you're serving. If you have that, and you stay consistent, there's no way that you can't make this work.
Brett:
Yeah, it's so true. If you can really be passionate about your customer, and I would even say about your team, then that's way more powerful than just being passionate about your product. I think both are important, but being passionate about your customer and about your team, that's really where's it at. One thing I discovered for me, and hey I've got lofty goals, I want my business to succeed and I want to it to grow, I think entrepreneurship, and businesses, and capitalism offer a lot to the world. If it's just about money, I burn out quickly. I get to a point where I'm like, "I don't really care anymore."
Brett:
But if I think about who I'm serving, and I think about that business owner that my agency is helping accelerate growth for, if I think about team members who were helping accelerate their individual growth, and I get to see someone step and lead a call, or mail a presentation, or come up with a strategy.
Molly:
Nothing better.
Brett:
I'm like "Whoa, I never thought of that." That is so fun for me, and so rewarding. Then when you key in on that, then guess what, the profits are better too, and then the business grows better too.
Molly:
Brett, aside from the money, I saw a study last year that rated digital marketing as the most stressful job or career path out there, even above brain surgeons, or people working in the medical field.
Brett:
That's crazy, yeah.
Molly:
I believe that. Think about it, we're basically day traders.
Brett:
[crosstalk 00:46:47] so much out of your control, and that's a scary thing. There's so much out of your control, it's scary. Yeah.
Molly:
Exactly. To be able to sustain that, and the changes, and the stress, and the fact that what we do never really turns off unless you choose for it to do so your mindset and who you are as a person, and how you treat yourself and the people around you, that is will what will sustain you moving forward more than anything else.
Brett:
Love that. So good. So good, Molly Pittman. All right, so people that are listening that are like, "Holy cow, I need more Molly Pittman in my life," where do you suggest people go? Obviously, there's lots of stuff people are going to enjoy at SmartMarketer.com, but where should someone get started, or what are some cool things, what are some offers you got going on right now?
Molly:
Yeah, check out SmartMarketer.com. There are some free resources there, depending on what we have going on at the time. I know this is coming out a bit later, Brett, so we do have that State of Paid Advertising in 2022 workshop coming up. We have lots of free resources on our website. If you want to follow me, I'm most active on Instagram @MollyPittmanDigital. I also read all of my DMs, so if you have questions, thoughts about this, I love hearing from you all and I would love to hear from you on Instagram.
Brett:
Instagram, check it out. What's your handle again?
Molly:
One more quick thing, Brett.
Brett:
What's your handle again on Instagram?
Molly:
@MollyPittmanDigital.
Brett:
@MollyPittmanDigital.
Molly:
Of course, if you like this format, you like podcasts, John, and Ezra, and I do have a podcast, The Smart Marketer Podcast. So, check that out.
Brett:
It is an intact podcast, where you get to be a guest for a couple of episodes. It was tremendously fun. Check out the Smart Marketer podcast. I'll link to all of this in the show notes as well so it's easy for you to access. With that, Molly Pittman, any final words? Any final words of wisdom, re-commendations, or asks of the audience?
Molly:
Keep doing it. Just keep at it. Take care of yourself. Maintain that balance in your life. Don't get sucked into this world so that you lose who you are. Or if you do, quickly bounce back from that. Just enjoy. We're living in a really cool time as humans, and there's a lot of crazy stuff going on. When have we ever had the opportunity to do what we're doing from a business standpoint?
Molly:
It's complicated, but also the world is truly at our fingertips. Find a group of people that you align with, that you're interested in, that you want to help, and figure out how you can serve them, and figure out what you can sell to them. I just always go back to being grateful that we are able to work in this way. It's really, really cool. Hopefully, you guys enjoy it too.
Brett:
I love it. It's a super challenging industry. It's always changing. It's very stressful. But man, it's fun. It can be fun, especially if you have the right community around you. If you can find that balance man, it's an awesome place to be. Check out Smart Marketer. Check out the community. Get to know Molly Pittman. Follow her on Instagram.
Brett:
With that, thank you so much for tuning in. This show would be nothing without you who tune in and listen faithfully. If you haven't rated the show, please do that. Leave a review. It helps other people find the show. If there's somebody that you're listening to this and you're like, "Whoa, this person needs to hear this episode," then share with them. That would mean the world to me, and I know it'd make a difference in somebody else's life as well.
Brett:
With that, until next time, stay spicy.
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