Avoid spending thousands on ads - you can build a brand on a small budget
You can avoid spending thousands on ads (big brands know this secret) I've seen startups making this mistake a lot.
You can avoid spending thousands on ads.
(big brands know this secret)
I've seen startups making this mistake a lot.
They invest in paid ads 100% of their budget. Then they hit a wall.
I understand people like paid ads.
They are:
- affordable
- measurable
- targeted
BUT - only 5% of the target audience are ready to buy95% of people don't know you (especially if you're a startup) and they don't care. Even the best ads are wasted if no one sees them.
How can you fix this:
The easiest way to improve the efficacy of your marketing is having a brand identity and advertising that stands out.
Take the squint test:
1. Put all of your advertising on a wall, including those of your competitors
2. Stand a few feet back and squint
3. Does your brand cut through the visual clutter?
If it doesn't you have to change something.
Invest in brand building:
1. chase impact at scale
2. Emphasise your differencies
3. Spend smarter
This doesn't mean you should stop with performance ads. Just split the budget 60-40.
Spend smarter - not more.
Remember - big brands know this.
They chase both current and future customers at the same time. If you wanna build a big brand on a small budget, today is the day to start.